Chicago | Reuters –– U.S. corn and wheat futures climbed on Tuesday to their highest levels in more than a month, as technical and speculative buying pushed up prices in the face of advancing U.S. harvests. Soy futures also traded higher, led by gains in soymeal. The rallies will likely be short-lived as farmers are
U.S. grains: Corn, wheat top one-month highs
U.S. grains: Prices touch one-week lows on improved U.S. harvest weather
Chicago | Reuters — U.S. corn and soybean futures touched one-week lows on Monday as drier weather in the U.S. Midwest was expected to allow harvests to accelerate after rain delays. Corn finished near unchanged, shaking off losses associated with the improved harvest outlook as technical buyers entered the market. Forecasts for mostly dry conditions
Ex-Cargill beef manager fights bid to keep him from rival
Chicago | Reuters — Valuable trade secrets that Cargill claims were stolen by a longtime manager in its meatpacking division who quit for rival JBS SA are nothing more than basic butchery, lawyers for the employee said in court documents. Privately-held Cargill, one of the top U.S. meat producers, is asking a federal judge in
Feed ingredient unlikely to spread PED, experts say
Chicago/Paris | Reuters — The World Organization for Animal Health (OIE) said Wednesday an animal-feed supplement suspected of spreading a deadly pig virus is not likely to transmit the disease if manufacturers follow proper safety measures. Multiple studies suggest spray-dried porcine plasma, a supplement containing pigs’ blood that is fed to piglets, is not a
U.S. farmers latest to sue Syngenta over corn China rejected
Chicago | Reuters — Farmers from the biggest U.S. corn-growing states have sued Syngenta over sales of genetically modified corn seed not approved by China, joining global exporters in pursuing damages from the Swiss-based company. In coordinated lawsuits filed on Friday in federal courts in Iowa, Illinois, Nebraska, Kansas and Missouri, farmers accused Syngenta of
Syngenta faces second suit over GM corn China rejected
Chicago | Reuters — A second company has sued Syngenta over sales of genetically modified corn seed not approved by China, raising the stakes for the Swiss-based seed maker by including byproducts used for animal feed in its complaint and seeking class-action status. Trans Coastal Supply Co., a major exporter of livestock feed products, said
Pit traders abandon lawsuit against CME over grain rules
Chicago | Reuters — Veteran traders from Chicago’s grain pits on Tuesday dropped a lawsuit against CME Group that sought to reverse a change to end-of-day settlement rules they said was killing open-outcry business. The traders, who work on the Chicago Board of Trade’s 140-year-old agricultural trading floor, agreed to abandon their claims against the
Cargill suing Syngenta over sale of GM corn banned by China
Chicago | Reuters — Cargill, the top U.S. grain exporter, sued a unit of Syngenta in a Louisiana state court on Friday for damages stemming from China’s rejection of genetically modified U.S. corn, which Cargill said cost the company more than US$90 million. Minnesota-based Cargill accuses Syngenta of exposing the grain trader to losses by
U.S. grains: Markets hit four-year lows as USDA lifts record crop forecasts
Chicago | Reuters –– U.S. corn and soybean futures tumbled to four-year lows on Thursday as the U.S. government raised its forecasts for record-large harvests above analysts’ estimates. Projections for the biggest global grain crop ever added pressure to prices, knocking nearby wheat futures below $5 a bushel for the first time since 2010 (all
U.S. grains: Soybeans, wheat set new contract lows before USDA reports
Chicago | Reuters — New-crop U.S. soybean futures hit a new contract low on Wednesday and corn matched its contract low ahead of the release of U.S. crop reports that are expected to show a rise in the government’s harvest projections. Wheat also notched a contract low, weighed down by plentiful global supplies. Prices for
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