New York | Reuters – Tyson Foods Inc TSN.N, one of the largest U.S. meat producers, is refusing to comply with a subpoena for a civil probe into possible price gouging during the COVID-19 pandemic, New York’s attorney general said on Wednesday. Letitia James, the attorney general, asked a state judge in Manhattan to require
Tyson Foods ignoring subpoena for meat price gouging probe, NY attorney general says
U.S. grains: Wheat rebounds from 6-month low; corn and soy also climb
Chicago | Reuters – Chicago wheat futures rose sharply on Thursday, rebounding from the prior session’s six-month low, buoyed by a weak dollar and talk of a pick-up in demand following the recent decline in prices. Corn prices also regained ground after falling earlier in the week while soybeans rose sharply. The most-active wheat contract
Bayer’s agriculture unit, consumer health drive outlook hike
Frankfurt | Reuters – Agriculture and pharmaceuticals company Bayer BAYGn.DE on Thursday lifted its 2022 earnings guidance on strong demand from farmers for its seeds and crop chemicals and higher sales of consumer health products. Bayer is now targeting earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, of about 13 billion
Saskatchewan Crop Report: Harvest kicks off in Saskatchewan
MarketsFarm – As the calendar turned to August, some combining has already started in Saskatchewan according to the province’s weekly crop report. For the week ended Aug. 1, the harvest has started for a select number of crops mostly located in the west-central and southwest regions. So far, one per cent of the province’s dry
Feed weekly outlook: Recent storms not hurting yields
MarketsFarm – Recent bouts of severe weather in Alberta, most recently high winds and hail in the central region on Aug. 2, will not affect potential yields for feed grains, according to one trader. Mike Fleischhauer of Eagle Commodities Ltd. in Lethbridge said while some crops were damaged from the storms in central Alberta, as
ICE weekly outlook: Weather at forefront for canola futures
MarketsFarm – Canola contracts on the ICE Futures platform saw some large moves over the past week, initially moving higher in sympathy with the United States soy complex before taking back most of those gains as both markets reacted to shifting weather forecasts. Showers continue to pop up across the U.S. Midwest, despite the longer-range
U.S. grains: Wheat futures hit six-month low, soy weak, corn ends firm
Chicago | Reuters – Chicago Board of Trade wheat futures fell on Wednesday, touching a six-month low with traders saying that newly harvested supplies were able to meet the current global demand. Soybean futures also were weaker, with the latest weather outlooks calling for better weather during key development periods for the U.S. crop. “The
U.S. livestock: Live cattle futures hit highest since late April
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rose to their highest in more than three months on Wednesday, supported by concerns that supplies of higher end cuts of meat will tighten in the coming weeks, traders said. CME August live cattle futures LCQ2 settled 1.325 cents higher at 137.9 cents per lb
CBOT weekly outlook: Weather outweighing effects of international events
MarketsFarm – As the calendar turned to August, two events on opposite sides of the world caused a stir on the Chicago Board of Trade (CBOT). According to one trader though, conditions closer to home will have a greater effect. Corn and wheat prices took a hit on August 1 when Ukraine’s first grain vessel
Manitoba crops variable: report
MarketsFarm – Crop development was highly variable across Manitoba during the week ended Aug. 2 depending on localized rainfall and drainage, with fields in the southern growing areas of the province generally better than those to the north, according to the latest report from Manitoba Agriculture. Localized insect concerns were reported, with some spraying required.