Chicago | Reuters — U.S. cattle futures steadied on Wednesday, with investors unwilling to push the market above recent highs due to plentiful supplies. Some producer hedging also was noted, traders said. “Everybody is a little too bulled up,” said Larry Hicks at Cattlehedging.com. “Everybody thinks we have worked through the supplies and we have
U.S. livestock: Cattle futures steady as investors eye supplies
October lean hogs close higher
Wheat in Beirut’s port granaries not usable
Lebanon will import wheat, economy minister says
Cairo | Reuters — Lebanon’s economy minister, Raoul Nehme, told local media on Tuesday that the wheat in Beirut’s port granaries cannot be used and that the ministry lost track of seven employees in the granaries. The minister also told local media that Lebanon will import wheat and added that the country currently has enough
U.S. livestock: Cattle futures snap winning streak on profit-taking
Chicago | Reuters — U.S. live cattle futures weakened on Tuesday, snapping a five-session streak of gains, as traders took some risk off the table. Hog futures were slightly firmer. Investors shrugged off signs of strength in the cash cattle markets, concerned that the streak that pushed the October contract to a five-month high had
U.S. livestock: Cattle futures extend winning streak
Big supplies hinder hog market
Chicago | Reuters — U.S. live cattle futures firmed on Monday, with fund buying sparking the gains due to expected strength in the cash markets, traders said. “The trade continues to feel that the cash market has bottomed,” said Don Roose of U.S. Commodities. “It continues to feel that the cash market will trade from
French soft wheat harvest at halfway point, winter barley nearly over
French farmers had harvested almost half of this year’s soft wheat crop by July 13 and were in the final stages of winter barley harvesting, data from farm office FranceAgriMer showed July 17. For soft wheat, 47 per cent of the crop area had been harvested by July 13, compared with 11 per cent a
EU rapeseed harvest begins with modest crop expected
Rapeseed harvesting has started in the European Union with the market expecting a small crop like last year, though recent rain could boost yields after a tough growing season. Crops have endured torrential autumn rain, insect pressure after a mild winter and a very dry start to spring. The adverse conditions have led analysts to
Loblaw beats profit estimates as online sales surge
Reuters — Loblaw beat quarterly revenue and profit estimates on Thursday, driven by a near-fourfold jump in online sales, as stay-at-home Canadians used the retailer’s pickup and delivery services to stock up on bread, milk and eggs. With consumers still limiting their trips outdoors due to the COVID-19 pandemic, the company said it would invest
China expects higher soybean, corn imports for 2019-20 on rise in U.S. cargoes
China said on July 10 that it predicted higher corn and soybean imports for 2019-20, as the country was expected to step up purchases from the United States to fulfil the Phase 1 trade deal. Corn imports for the crop year that ends in September are now seen at six million tonnes, up two million
Feds proposing to expand wage subsidy program
Ottawa | Reuters — The Canadian government wants to expand an emergency wage subsidy program so that all businesses suffering losses from the COVID-19 outbreak will benefit, Finance Minister Bill Morneau said on Friday. Morneau told a news conference that Ottawa would drop an earlier requirement stipulating that businesses needed to show a 30 per
Elanco Animal Health wins U.S. approval to buy Bayer unit
Elanco to shed cattle pour-on brand, others for approval
Washington | Reuters — Elanco Animal Health has won U.S. antitrust approval to buy Bayer’s animal health business on condition that it sell assets to treat three ailments, two in dogs and one in cattle, the Federal Trade Commission said on Wednesday. The deal was valued at $7.6 billion when it was announced in August
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