Chicago | Reuters — Open-outcry traders sprang into action during an electronic trading halt in CME Group agricultural markets on Tuesday, but a better solution to the outage would have been to close the pits down too, traders and investors said a day later. In chaos following the outage on CME’s electronic Globex platform, some
CME Group trading outage exposes weakened trading floor
U.S. grains: Soybeans drop as imports ease supply tightness
Chicago | Reuters — U.S. soybean futures slid Monday as increased imports of the oilseed from South America were expected to alleviate tight supplies in the U.S., the world’s top producer of the crop. Wheat futures jumped after touching a three-week low in the previous session. Traders worried that unfavourably dry conditions will persist in
Merck wants to test Zilmax on 240,000 cattle but beef industry resists
Chicago | Reuters — Merck & Co Inc. wants to feed its controversial feed additive Zilmax to 240,000 U.S. cattle to prove it is safe. But there is a problem: giant meat processors like Cargill Inc don’t want to touch animals fed with the drug. Merck plans to conduct the biggest ever test of its
U.S. grains: Corn soars on smaller-than-expected supply, planting data
Chicago | Reuters — U.S. corn futures on Monday closed above $5 per bushel for the first time since late August after a highly anticipated U.S. crop report revealed inventories were smaller than expected on March 1. The market gained further support from U.S. Department of Agriculture data projecting that U.S. farmers will plant fewer
U.S. grains: Wheat retreats for second day from 11-month high
Chicago | Reuters — U.S. wheat futures on Friday extended a setback from an 11-month high, while technical selling snapped a four-session rally in soybeans that had been fuelled by low supplies. Wheat has climbed this month on concerns about drought hurting U.S. winter wheat and concerns that tensions between Ukraine and Russia might interrupt
U.S. cattle deaths linked to Zilmax far exceed company reports
The findings could discourage feedlots from using it even if the company is successful in reintroducing it to the market
The number of U.S. cattle deaths that may be linked to the Merck & Co. Inc. feed additive Zilmax are much higher than the figures reported by the drug company to the federal government, according to a research study published March 12. The findings by researchers from Texas Tech University and Kansas State University show
U.S. grains: Wheat hit by profit-taking, soybeans end higher
Chicago | Reuters –– U.S. wheat futures retreated from an 11-month high on profit-taking on Thursday, while soybeans rose for the fourth consecutive session on concerns about tightening supplies. Strength in the U.S. dollar loomed over the markets, as a firm dollar makes U.S. grain less competitive on the global market and U.S. commodities less
U.S. grains: Wheat soars to 10-month high on crop worries
Chicago | Reuters — U.S. wheat futures climbed to a 10-month high on Wednesday on concerns dust storms and dry conditions will hurt harvests in the southern Plains states. Soybean futures hit an eight-session high on projections that strong domestic and export demand could prevent inventories from recovering from last year’s drought-depleted levels. A lack
U.S. grains: Soybeans climb on mounting supply worries
Chicago | Reuters –– U.S. soybean futures soared on Tuesday as concerns about tighter supplies fueled a recovery from losses last week, and wheat and corn futures also climbed. “Soybeans continue to take the majority of their support from simple supply and demand,” said Karl Setzer, grain solutions team leader for MaxYield Cooperative. “It is
U.S. grains: Wheat drops as concerns ease about Ukraine crisis
Chicago | Reuters –– U.S. grain futures dropped on Monday in profit-taking after concerns eased about political upheaval in Ukraine affecting grain shipments. Wheat pulled back after the May contract on Friday rose two per cent over Ukraine, the world’s third largest corn exporter and a major wheat exporter. Crimeans voted overwhelmingly to break away
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