Chicago | Reuters — U.S. grain and soybean futures fell sharply on Tuesday after the U.S. Department of Agriculture (USDA) boosted key crop supply forecasts and scaled back some demand expectations in a monthly report. Benchmark corn, soy and wheat futures all retreated back to pre-Ukraine war levels as soaring costs since Russia’s invasion and
U.S. grains: Futures plunge after USDA raises supply outlook, trims some demand
Larger corn, soybean supplies in forecast
Recovery from grain production shortfalls could take years
Many factors have weighed in to produce tight global grain stocks
Reuters – Eric Broten had planned to sow about 5,000 acres of corn this year on his farm in North Dakota, but persistent springtime rains limited him to just 3,500 in a state where a quarter or more of the planned corn could remain unsown this year. The difficulty planting corn in the northern United
U.S. grains: Soy, corn firm on weather worries
CBOT wheat drops; grain traders also positioning ahead of Tuesday's USDA report
Chicago | Reuters — U.S. corn and soybean futures climbed on Monday on forecasts for hot, dry conditions across the Midwest farm belt as well as technical buying and positioning ahead of Tuesday’s monthly U.S. Department of Agriculture (USDA) supply-and-demand reports. The market eased from overnight highs, however, as updated weather models appeared slightly less
U.S. livestock: CME live cattle jump on cash market premiums
Feeder cattle firm, lean hogs mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts firmed on Monday on technical buying and support from the premium of cash market prices to the actively traded front-month futures contract. Live cattle drew further support from firm beef prices and gains in feeder cattle futures. “Live cattle were up on the strong cash
U.S. grains: Soybeans end mostly lower, grains plunge after USDA acres data
Chicago | Reuters – U.S. soybean futures closed mostly lower on Thursday as midsession support from a lower-than-expected U.S. crop acreage estimate and tightening stocks was eclipsed by broader economic concerns as equities and energy markets retreated. Soy had traded higher after the U.S. Department of Agriculture (USDA) said American farmers planted fewer acres this
Indigo Ag to roll out first tranche of farm soil carbon credits
Chicago | Reuters – U.S. farm technology firm Indigo Agriculture on Wednesday said its carbon farming program has produced 20,000 tonnes in soil carbon credits that it will sell as emissions offsets to buyers including JPMorgan Chase JPM.N, Barclays BARC.L and The North Face. They are the first agricultural soil carbon credits to be verified
Bunge says updating select facilities to crush new oilseed covercress
Modified weed can produce fuel oil and act as cover crop
Reuters – Global grains merchant Bunge Ltd. is updating select U.S. crushing facilities to process covercress, a gene-edited version of an annual weed also known as field pennycress, that it says can be used to produce renewable fuel, the company said May 4. Bunge and oil company Chevron Corp. announced a strategic partnership with CoverCress
ADM, Bunge expected to post strong results as Ukraine war ignites demand
Chicago | Reuters – A string of strong quarterly profits by global agribusinesses Archer-Daniels-Midland Co ADM.N and Bunge Ltd BG.N likely continued in the first quarter despite surging crop costs and global supply chain disruptions triggered by Russia’s invasion of Ukraine, analysts said ahead of earnings releases this week. Both companies capitalized on good oilseed
More of the same weather ahead?
Will an ongoing cycle continue into the coming seasons?
It looks like it could be more of the same challenge weather in the future for key growing regions. A severe drought that has gripped parts of the western United States since mid-2020 is likely to persist or worsen this spring due to expected above-normal temperatures and below-normal precipitation, the National Oceanic and Atmospheric Administration
Bunge says sanctions may have ‘adverse effect’ on Russian operations
Reuters — Global agricultural commodities trader Bunge said continued conflict in Ukraine and stinging sanctions on Russia could have an “adverse effect” on its operations in the breadbasket region. Bunge and rival agribusinesses ADM and Cargill suspended operations in Ukraine last week after Russia invaded its neighbour. But none have stopped their business in Russia
Cyber-Savvy Farmer
