CNH Industrial cut its annual profit forecast on Thursday, squeezed by slowing demand for its tractors and farm equipment as choppy crop prices and higher borrowing costs hinder farmers from making big-ticket farming purchases.
CNH Industrial cuts 2024 profit view as soft agriculture demand bites
U.S. livestock: Bird-flu testing of US ground beef sinks CME cattle futures
Chicago Mercantile Exchange cattle futures took a dive on Wednesday on concerns that U.S. government tests of ground beef for the bird flu virus will harm consumer demand.
U.S. grains: Wheat resumes fall after rain, soy up on technical trading
Chicago Board of Trade (CBOT) benchmark wheat futures fell on Wednesday after ticking up in the early session as much-needed rainfall reaches key wheat-growing areas of the U.S. Plains and southern Russia.
Bird flu testing shows more dairy products are safe, US FDA says
The U.S. Food and Drug Administration said on Wednesday that preliminary results of additional testing of more dairy products has shown that pasteurization inactivates the bird flu virus.
Railway workers at CN, CPKC vote to strike, says union
Thousands of railway workers in Canada at Canadian National Railway (CN) and Canadian Pacific Kansas City (CPKC) have voted overwhelmingly to strike as early as May 22, the union said today.
U.S. livestock: Cattle sink as bird-flu beef tests fuel demand fears
Chicago Mercantile Exchange cattle futures tumbled on Tuesday as traders worried consumers will buy less meat, a day after the U.S. government said it will verify the safety of ground beef in states that have bird-flu infections in dairy cows.
U.S. grains: Soybeans slide as soyoil plummets; wheat, corn sag
U.S. soybean futures fell nearly two per cent on Tuesday as falling soyoil prices dragged down the soy complex amid weak demand, deliveries against the May futures contract and market uncertainty, traders said.
U.S. grains: Wheat tumbles as Russian rain forecast spurs profit taking
Chicago benchmark wheat futures WN24 fell more than two per cent on Monday, snapping a seven-session rally, as the crop outlook in top exporter Russia improved on forecasts for rain, analysts said.
JBS Brazil plant temporarily closed over labour irregularities
By Ana ManoA JBS beef plant in the centre-west state of Goias, Brazil, was ordered shut for two days by labour auditors due to irregular work conditions, one of the inspectors said April 17. JBS immediately presented “an adaptation plan” that was accepted by the Ministry of Labor and Employment and is being executed, the
Polish protesters suspend months-long blockade of Ukraine border
Unclear if suspension will hold; Warsaw protest to go ahead as talks continue
Polish farmers called off their protest at the last border crossing with Ukraine on Monday, lifting a blockade that has dragged on for months, soured bilateral relations and buffeted Ukraine's trade.