Chicago Board of Trade wheat and soybean futures fell sharply on Monday, with wheat at a near two-month low as fund selling pressure rolled into a short holiday trading week, traders said.
Reuters
U.S. grains: Grain futures slump, as wheat drops to 8-week low
EU regulators to decide on Bunge and Viterra merger by July 18
U.S. grains merchant Bunge BG. and Glencore-backed Viterra's plan to create a $34 billion agricultural trading giant will be decided by EU antitrust regulators by July 18, a European Commission filing showed on Monday.
U.S. livestock: CME hogs rally after contract lows; cattle futures jump
Chicago | Reuters – Lean hog futures rallied at the Chicago Mercantile Exchange on Friday after falling earlier to contract lows under pressure from increased U.S. production. Cattle futures also climbed. A rise in wholesale prices for U.S. pork helped trigger the turnaround in hogs, analysts said. The U.S. Department of Agriculture priced the pork carcass cutout […] Read more
U.S. grains: Corn retreats from two-week high on mixed weather outlook
Chicago | Reuters – Chicago Board of Trade corn futures eased on Friday, a day after hitting a two-week high, as global crop weather looked mixed, analysts said. Wheat and soybean futures also declined, with the strong dollar making U.S. farm products less attractive to importers. Traders are monitoring U.S. weather as corn crops approach a […] Read more
EU pork industry faces ‘nightmare’ if China restricts imports
Hamburg | Reuters – Europe’s pork industry faces a “nightmare scenario” of lower prices and falling profitability if China restricts imports from the region, industry executives and analysts said on Friday. Chinese firms have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media reported on Friday, escalating tensions after the bloc […] Read more
Pasteurization may not clear bird flu virus from heavily infected milk
Reuters – In raw milk samples spiked with high amounts of bird flu virus, small amounts of infectious virus were still detectable after treatment with a standard pasteurization method, researchers said on Friday. The findings reflect experimental conditions in a laboratory and should not be used to draw any conclusions about the safety of the […] Read more
G7 leaders launch initiative for global food security
Bari, Italy | Reuters – Group of Seven leaders have pledged to step up efforts against global malnutrition, according to a draft statement on Friday that noted Russia’s invasion of Ukraine had “aggravated” the world’s food problems. The G7 Apulia Food Systems Initiative (AFSI) – named after the Southern Italian region hosting the leaders’ summit – will […] Read more
U.S. livestock: Lean hog futures retreat as wholesale US pork prices sag
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures backpedaled on Thursday from a one-week high reached during the previous session, while live cattle futures strengthened. Hog futures eased after wholesale U.S. pork prices pulled back from a jump on Tuesday. The U.S. Department of Agriculture priced the pork carcass cutout at $97.02 per […] Read more
U.S. grains: Corn hits two-week high as US, global weather worries lift grains
Chicago | Reuters – Chicago Board of Trade corn futures set a two-week high on Thursday on concerns about rising temperatures in the U.S. farm belt. Global weather worries also helped support grain markets, after the U.S. Department of Agriculture trimmed its outlook for world 2024-25 corn and wheat ending stocks in a monthly report on Wednesday. […] Read more
Strategie Grains cuts EU wheat crop forecast as harvesting starts
Paris | Reuters – Strategie Grains lowered its monthly forecast for this year’s soft wheat crop in the European Union, confirming its expectation for a four-year low in production as harvesting gets under way. The consultancy now sees 2024/25 soft wheat production in the 27-country bloc at 121.8 million metric tons, 1.7 million tons less […] Read more
Canadian Cattlemen Presents: Depth of Field
