U.S. grains: Rains in drought-hit Argentina pressure CBOT futures

Chicago | Reuters -- Chicago Board of Trade grain and soybean futures slid on Monday after beneficial rains hit Argentina's drought-stricken agricultural zone, analysts said. Argentina is the world's leading exporter of processed soy, but its usually green Pampas plains have been hit by a historic drought that is preventing many farmers from planting their[...]

No poop for you: Manure supplies run short as fertilizer prices soar

Chicago | Reuters -- For nearly two decades, Abe Sandquist has used every marketing tool he can think of to sell the back end of a cow. Poop, after all, needs to go somewhere. The Midwestern entrepreneur has worked hard to woo farmers on its benefits for their crops. Now, facing a global shortage of[...]


Piglets aborted, chickens gassed as pandemic slams meat sector

Chicago | Reuters -- With the pandemic hobbling the meat-packing industry, Iowa farmer Al Van Beek had nowhere to ship his full-grown pigs to make room for the 7,500 piglets he expected from his breeding operation. The crisis forced a decision that still troubles him: He ordered his employees to give injections to the pregnant[...]

China buys U.S. soybeans after declaring ban on U.S. farm goods

Chicago | Reuters -- China snapped up a small volume of U.S. soybeans last week after pledging to halt purchases of U.S. farm products due to the escalating trade war between Washington and Beijing, U.S. Department of Agriculture data showed on Thursday. The world's largest soybean importer struck deals from Aug. 9 to 15 to[...]


U.S. grains: Soy, corn, wheat near one-month lows

Chicago | Reuters -- U.S. corn, soybean and wheat futures approached one-month lows on Wednesday on worries over export demand and increasing competition for global sales. Traders were disappointed that there were no signs of additional sales of U.S. soybeans to China, the world's top importer of the oilseed, or of corn. China bought U.S.[...]

As U.S., Canada spar, farm hopes ride on two men in lobster boat

Reuters -- While Justin Trudeau vowed last week not to be pushed around and U.S. President Donald Trump called the Canadian prime minister "weak," two key officials in their governments with a seemingly harmonious relationship were making fishing plans. On Friday, U.S. Agriculture Secretary Sonny Perdue visited the farm of Canadian Agriculture Minister Lawrence MacAulay[...]


U.S. grain firms set up co-ops in tax law's wake

Chicago | Reuters -- U.S. agricultural merchants are scrambling to register themselves as cooperatives after a blunder in the country's new tax law gave farmers a tax break for selling grains to co-ops rather than private firms. Private crop handlers -- including the "big four" merchants Archer Daniels Midland, Bunge, Cargill and Louis Dreyfus --[...]

Cargill to exit U.S. cattle feeding business

Chicago | Reuters -- Cargill said on Wednesday it will exit the business of feeding cattle to direct capital toward other investments, the latest transformation for the global commodity trader. Minnesota-based Cargill struck a deal to sell its last two feed yards to ethanol producer Green Plains for US$36.7 million, after selling other feedyards to[...]


Minnesota finds source of Palmer amaranth on CRP land

Reuters -- An invasive weed likely entered Minnesota through seed planted on land in a U.S. conservation program, state agriculture officials said on Thursday, bringing to a close an official probe of a growing threat to agricultural production. Infestations of the weed, Palmer amaranth, have affected other states in the U.S. Midwest through seed planted[...]

U.S. grains: Corn nears one-month low after USDA raises harvest estimate

Chicago/Reuters – U.S. corn futures slid on Wednesday to their lowest level in almost a month and soybean futures weakened after the U.S. Department of Agriculture raised its domestic harvest estimates from already record-high levels. In a monthly report, the USDA said farmers will grow 15.226 billion bushels of corn this year, with an average[...]