Arkansas orders Chinese-owned Syngenta to sell U.S. farmland

Foreign ownership of farmland has gotten more attention from U.S. lawmakers

Reuters – Arkansas has ordered Syngenta to sell 160 acres of farmland in the U.S. state within two years, citing its Chinese ownership. The move drew a sharp rebuke from the global seeds producer. U.S. farm groups and lawmakers are increasingly scrutinizing foreign land ownership due to concerns about national security. “This is about where your loyalties lie,” Arkansas

CME January 2024 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME feeder cattle recover off May-level low

Live cattle, lean hogs also higher

Chicago | Reuters — Chicago Mercantile Exchange feeder cattle futures fell to their lowest level since May on Friday before ending higher, while live cattle recovered from June lows reached earlier this week. Strength in the cash market helped boost futures, traders said. Reports of meatpackers paying $185/cwt in Texas and $186/cwt in Nebraska represented


CBOT January 2024 soybeans with 20-day moving average (right column) and CBOT December 2023 soymeal (dark green line, left column). (Barchart)

U.S. grains: Soybeans, soymeal climb on demand

CBOT wheat falls; gains in soy help lift corn

Chicago | Reuters — Chicago Board of Trade soybean futures rallied and soymeal hit a contract high on Friday on strong demand for U.S. supplies, analysts said. U.S. soymeal exports are on their way to new highs this season after a poor soybean harvest in top soymeal exporter Argentina earlier this year. Domestic soymeal users,

Tyson Foods workers, activists protest child labour

Reuters – Tyson Foods workers and activists rallied outside the U.S. meat company’s headquarters in Arkansas Oct. 16 to protest child labour in the sector and push for improved working conditions. Activists and the Biden administration have pressured the U.S. meat industry to adopt safer labour policies after children hired by contractors were found doing


CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow line) and K.C. December 2023 hard red winter wheat (orange line). (Barchart)

U.S. grains: Wheat up off two-week low on Ukraine export uncertainty

Ukraine denies suspension of Black Sea export corridor

Chicago | Reuters — Chicago Board of Trade wheat futures rose from a two-week low on Thursday on jitters about supply risks from the Ukraine war. Ukraine, a major grain exporter, has been using a Black Sea shipping channel to try to revive its seaborne shipments without Russian approval after Moscow in July quit a

CME December 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: CME cattle ease on larger U.S. supply, weaker equities

Lean hog futures continue higher

Chicago | Reuters — Chicago Mercantile Exchange cattle futures eased on Thursday, with losses in equities and bigger-than-expected U.S. livestock supplies dragging down the markets. Traders kept an eye on Wall Street as weakness in stocks and concerns about the economy can limit consumer demand for pricey beef, analysts said. Stocks closed lower amid signs


CME December 2023 live cattle with Bollinger bands (20,2). (Barchart)

U.S. livestock: CME cattle, hogs rebound after recent losses

'Monday's washout was probably a bit overdone'

Chicago | Reuters — Cattle futures jumped at the Chicago Mercantile Exchange on Wednesday, bouncing off June lows hit this week on larger-than-expected U.S. supply numbers. Futures prices collapsed on Monday after the U.S. Department of Agriculture, in a report issued after markets closed on Friday, said that producers placed more cattle than expected into

CBOT December 2023 corn with 20- and 50-day moving averages. (Barchart)

U.S. grains: Corn, soy, wheat futures sag as beneficial rains hit South America

Rains benefit Argentina's core farmland

Chicago | Reuters — U.S. grain and soybean futures ended lower on Wednesday as favourable rains reached crop belts in South America and the U.S., analysts said. Traders are watching global weather after drought has hurt crop production in Argentina and the U.S. Plains and slowed soybean plantings in Brazil. South American conditions are particularly


CME February 2024 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Cattle futures set June lows at CME

Lean hog futures touch contract lows

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit their lowest levels since June on Tuesday, as the market continued to digest larger-than-expected U.S. supply numbers. The market stabilized, however, after the February contract on Monday tumbled by the exchange-imposed daily trading limit. Trading limits for live cattle will revert back to the

CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Corn dips on harvests, technical selling

CBOT soymeal climbs to seven-month high; Chinese ag companies sign U.S. purchase deals

Chicago | Reuters — Chicago Board of Trade corn futures fell for a third straight session on Tuesday and neared a two-week low under pressure from U.S. harvesting and technical selling, analysts said. Wheat futures also eased, while soybeans and soymeal jumped. A quick harvest pace for U.S. corn and soy is expected to continue