The federal government is moving to push back the start of a possible strike by railway workers at Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC), an official said on Friday.
Chicago Mercantile Exchange (CME) cattle futures turned lower on Thursday amid a day of sideways and choppy trading, as wholesale beef prices dropped and cash cattle markets saw limited activity.
Chicago wheat futures rose on Thursday as Russia declared a state of emergency in key grain-growing regions due to frosts, while soybeans and corn fell ahead of a monthly U.S. Department of Agriculture supply-and-demand report due on Friday.
Falling crop prices are leaving American agriculture equipment sellers with an excess of unsold tractors and combines. To cope with the surplus, dealers are discounting machines, suspending new orders, and even auctioning off equipment at reduced prices.
Argentine grains ports and soybean crushing plants in the area surrounding the major Rosario hub are standing idle due to a nationwide strike launched on Thursday, the head of the major grains exporting nation's oilseed export chamber said.
Chicago Board of Trade wheat futures fell on Wednesday despite weather risks in top exporter Russia, highlighting the size of its supply as the country continues to dominate global export markets.
China has approved the safety of gene-edited wheat for the first time as Beijing cautiously moves forward with commercial growing of genetically modified food crops.
Heavy flooding in southern Brazil has hit food storage facilities in lower areas while hampering the shipping of grains to port, jeopardizing the nation's exports and wreaking havoc to the economy of Rio Grande do Sul state, a large soy, rice, wheat and meat producer.
Chicago Mercantile Exchange live cattle futures firmed on Tuesday on technical buying, while lean hog contracts ended higher in a technical and short-covering rebound following four days of declines.
Chicago wheat fell on Tuesday from peaks not seen since December, while corn eased from four-month highs as investors gauged the impact of harsh weather in some major production zones.