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Daily Network News

  • Photo: JHVEPhoto/Getty Images Plus

    U.S. grains: Soybeans, corn fall on harvest pressure

    8 hours ago
  • Photo: Geralyn Wichers

    U.S. livestock: Hog futures slide in technical correction

    9 hours ago
  • National Day for Truth and Reconciliation: Acknowledging the past, seeking a better future

    9 hours ago
More News →

Reuters


Live cattle LEG24 on Jan. 8, 2024, with Bollinger bands. (Barchart)
Markets, Reuters

U.S. livestock: CME live cattle retreat from one-month high, traders eye US weather

Lean hogs rose on hopes that U.S. cash prices had reached bottom

By Reuters, Tom Polansek, GFM Network News January 9, 2024
Live cattle futures on Monday rose to their highest level in more than a month before retreating as traders waited to see the impact of wintry weather on livestock in the central U.S.

Corn ZCH24 on Jan. 8, with Bollinger bands. (Barchart)
Markets, Reuters

U.S. grains: Corn, soy hit multi-year lows as oil sinks, rains aid Brazil crops

Concerns over Chinese demand for U.S. soybeans and wheat hung over the futures markets

By Reuters, Tom Polansek, GFM Network News January 8, 2024
U.S. corn futures sank to their lowest level in more than three years on Monday and soybean futures set a two-year low as steep declines in crude oil prices spilled over into agricultural markets.


Photo: Getty Images
General, Reuters

Brazil’s soybean harvest kicks off with low yields in Mato Grosso

Crops suffered from lack of humidity; now rains are hampering harvest in some areas

By Ana Mano, Reuters, GFM Network News January 8, 2024
Brazilian soybean farmers have begun to reap their 2023/24 soybean crop, covering some 0.6 per cent of the national planted area as of last Thursday, agribusiness consultancy AgRural said on Monday.

Farmers protest Dec. 18 in front of the Brandenburg Gate. This was prompted by the German government’s plans to abolish the agricultural diesel tax and the motor vehicle tax exemption for agriculture and forestry. Photo: Fabian Sommer/dpa via Reuters Connect.
General, Reuters

German farmers block roads with tractors in protest at subsidy cuts

Farmers' association DBV expresses concern that far-right activists may exploit the protests for own ends

By Reuters, GFM Network News January 8, 2024
German farmers blocked roads with tractors on Monday, kicking off a week of protests against plans to phase out agricultural subsidies with nationwide action that ministers have warned could be co-opted by the far-right.


Lean hogs HEG24 on Jan. 5 with Bollinger. (Barchart)
Markets, Reuters

U.S. livestock: Hogs extend gains after rally, end up 3 per cent for the week

Live cattle slipped somewhat but ended the week up 1.2 per cent

By Reuters, Tom Polansek, GFM Network News January 5, 2024
Technical buying and short covering boosted lean hog futures at the Chicago Mercantile Exchange on Friday, traders said, extending gains a session after the market climbed by its daily maximum.

Corn ZCH24 on Jan. 5 with Bollinger bands. (Barchart)
Markets, Reuters

U.S. grains: Soy sags for third week on Brazil rains; corn hits contract low

Corn futures set a contract low; wheat prices advanced

By Reuters, Tom Polansek, GFM Network News January 5, 2024
Chicago Board of Trade soybean futures crumbled to their lowest prices since June on Friday and declined for a third consecutive week as much-needed rains hit dry growing areas in Brazil.


(File photo by Dave Bedard)
General, Reuters

Canada’s jobs growth stalls in December as wages accelerate

Declines in goods sector driven by job losses in manufacturing, construction and agriculture

By Ismail Shakil, Reuters, Steve Scherer, GFM Network News January 5, 2024
Canada's economy added far fewer jobs than expected in December and the jobless rate remained at 5.8 per cent, but permanent employees' wages increased at the fastest pace in three years, data showed on Friday.

(FatCamera/E+/Getty Images)
General, Markets, Reuters

World food price index ends 2023 some ten per cent below 2022 levels

Cereal prices, vegetable oils slumped most over the year, FAO says

By Maytaal Angel, Reuters, GFM Network News January 5, 2024
The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 118.5 points in December, down 1.5 per cent from November and 10.1 per cent below December 2022 levels.


Soybeans ZSH24 on Jan. 4 with Bollinger bands. (Barchart)
Markets, Reuters

U.S. grains: Improved Brazilian crop weather knocks down CBOT soybeans

Wheat futures rebounded from one-month low; corn stabilized

By Reuters, Tom Polansek, GFM Network News January 4, 2024
Chicago Board of Trade soybean futures extended recent losses on Thursday as the market remained under pressure from rains in dry areas of Brazil and expectations for more beneficial showers.

Farmers with tractors bearing the slogan “If the farmer dies, the land dies” take part in a demonstration organized by the German Farmers’ Association under the slogan “Too much is too much! Now it’s over!” in front of the Brandenburg Gate. This was prompted by the German government’s plans to abolish the agricultural diesel tax and the motor vehicle tax exemption for agriculture and forestry. Photo: Fabian Sommer/dpa via Reuters Connect.
General, Reuters

German government dilutes 2024 subsidy cuts after farmer backlash

Farmers protested in Berlin's streets after the announced end of tax breaks last month

By Reuters, GFM Network News January 4, 2024
Germany's coalition government has agreed to change its 2024 budget plans, a government spokesperson said on Thursday, after subsidy cuts proposed to bring spending in line with debt rules angered farmers.


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