Chicago | Reuters – Chicago Board of Trade wheat futures fell to a one-month low on Tuesday under pressure from expectations for rain in dry global growing areas and for continued exports of Ukrainian grain from the Black Sea region. Soybean and corn futures advanced. Weather forecasts for showers in the coming days in drought-affected
U.S. grains: Wheat futures slip to one-month low as soybeans advance
U.S. needs to press Mexico on looming biotech corn ban, Vilsack says
Reuters – U.S. Agriculture Secretary Tom Vilsack says he continues to talk with officials in Mexico about that country’s looming ban on genetically modified (GM) corn, adding that it will be important to get clarity on the issue in 2023. A decree issued by Mexico’s President Andres Manuel Lopez Obrador in late 2020 would phase
U.S. plans rule to protect livestock farmers from company retaliation
Reuters – The U.S. Department of Agriculture is proposing regulations to prevent meat companies from retaliating against livestock and poultry farmers who speak out on practices such as price-fixing. The USDA also said it would work with state attorneys general to investigate anticompetitive practices in the agricultural sector that contribute to inflation. The moves aim
Droughts, Ukraine war push global grain stocks toward worrying decade low
Stocks will be lower than in 2012, the most recent year that saw food riots
Reuters – The world is heading toward the tightest grain inventories in years despite the resumption of exports from Ukraine, as the shipments are too few and harvests from other major crop producers are smaller than initially expected, according to grain supply and crop forecast data. Poor weather in key agricultural regions from the United
Meatpacker JBS to close U.S. plant-based foods business
Chicago | Reuters — Brazilian meatpacker JBS is closing its U.S. plant-based foods business, Planterra Foods, after about two years, the company said on Monday. The closure signals increasing troubles in the plant-based protein sector, where U.S. sales are flattening. Colorado-based Planterra sold fake meat under the Ozo brand, but JBS will now focus on
U.S. grains: CBOT wheat retreats after nearing three-month high
USDA reported lower-than-expected corn stocks Friday; soy harvest progress exceeds expectations
Chicago | Reuters — Chicago Board of Trade wheat futures settled lower on profit-taking on Monday after approaching a three-month high reached during the previous session, traders said. The setback in wheat futures came after a reduced official estimate of the U.S. harvest and heightened tensions in the Ukraine war put renewed attention on global
U.S. livestock: CME cattle, hogs up on technical buying, short-covering
Recession worries still loom large
Chicago | Reuters — Chicago Mercantile Exchange live cattle, feeder cattle and lean hog futures strengthened on Monday on technical buying and short covering, after recent selloffs were overdone, brokers said. Concerns about the risks for a global recession, which could reduce demand for beef, continued to hang over livestock markets, brokers said. Wall Street
Florida farmers scramble to reach cattle after Hurricane Ian
Chicago | Reuters — Farmers in Florida rushed to reach their cattle on Thursday after trees downed by Hurricane Ian broke fences used to contain the animals and rain from the fierce storm flooded fields used for grazing. One of the mightiest storms to hit the U.S. mainland in recent years, Ian flooded communities on
U.S. grains: Soybean futures slump on global demand concerns
Traders eye favourable U.S. harvest weather
Chicago | Reuters — Chicago Board of Trade soybean futures stumbled on Friday as rising crop sales in Argentina and warnings of a recession raised concerns about global demand for U.S. supplies, analysts said. Corn futures ended little changed, while wheat futures advanced. Traders focused on demand for crops, after the U.S. Department of Agriculture
U.S. livestock: CME lean hogs end firmer, live cattle stumble
Feeder cattle futures mixed
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended higher on Friday as the market moved up toward cash prices, analysts said. October lean hogs closed 0.85 cent stronger at 96.9 cents/lb. (all figures US$). The contract earlier in the session rose to 96.925 cents, its highest price since Aug. 23. Most-active December