U.S. corn and soybean prices rose on Friday as heightened geopolitical tensions spurred a round of bargain buying after the benchmark contracts in both markets fell to their lowest levels in more than six weeks, traders said.
Municipalities and irrigation districts in Alberta have agreed to use less water this summer to combat a severe ongoing drought, the provincial government said on Friday.
China is set for another year of bumper harvest of grains and oilseeds, helped by expanded planting of winter wheat and rapeseed and healthy growth of seedlings, the country's agriculture ministry said on Friday.
Chicago Mercantile Exchange live cattle futures ended modestly higher on Thursday as traders squared positions ahead of a monthly feedlot report due on Friday from the U.S. Department of Agriculture (USDA), traders said.
U.S. soybean and corn futures closed lower on Thursday after touching six-week lows, with both markets facing pressure from hefty South American supplies, traders said.
U.S. soybean futures rose on Wednesday, bouncing on a round of bargain buying after the most-active July contract SN24 hit a six-week low, buoyed in part by firming Brazilian soy markets, analysts said.
Argentina's corn harvest, already cut sharply due a stunt disease spread by leafhopper insects, was "likely" to be slashed significantly further, a Rosario grains exchange analyst said on Wednesday, a blow to the embattled South American country.
Chicago Mercantile Exchange live cattle futures closed higher for a second consecutive session on Tuesday as the market extended a recovery from oversold conditions, analysts said.
China's pork output eased in January-March from a year earlier, the first quarterly decline in nearly four years, as farmers slaughtered fewer pigs to support a recovery in hog prices.