Chicago | Reuters — U.S. soybean futures hit their highest prices in more than two years on Monday before paring gains, as dry weather in parts of the U.S. Midwest is expected to damage the condition of crops, analysts said. Wheat futures set a four-month high, while corn futures retreated after touching their highest price
U.S. grains: Soybeans touch two-year high on dry weather
Wheat up with prices in Russia, Ukraine
Bayer argues against weed killer verdict, after its investigator finds U.S. farmer still in business
Reuters – Bayer AG contended in court papers that a jury verdict in favour of a Missouri peach farmer was based on a false premise because a private investigator it hired found the farmer was still in business. A jury in U.S. District Court for the Eastern District of Missouri in February awarded Bill Bader,
Monday’s storm hit an estimated 37.7 million acres in U.S. Midwest
Chicago | Reuters — A storm packing hurricane-force winds on Monday impacted 37.7 million acres of farmland across the Midwest, including 14 million in Iowa, the Iowa Soybean Association said on Friday, citing estimates from the U.S. Department of Agriculture. The toll from the derecho storm has worsened as farmers and grain handlers have spent
U.S. farm state senators in a beef over livestock bill
COVID price downturn has some saying the market isn’t transparent enough
Reuters – Two senior Republican U.S. senators from top farm states have locked horns over legislation intended to make North American cattle markets more transparent, after the COVID-19 pandemic tanked livestock prices. U.S. Senator Chuck Grassley from Iowa and a bipartisan group of colleagues introduced a bill in May that would force meat packers like
U.S. livestock: Live cattle set five-month high, beef prices rise more
USDA cuts pork production forecast
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures leapt to a five-month high on Wednesday and feeder cattle futures neared a six-month peak as boxed beef prices continued to rise. Meatpackers are paying more for cattle due to the strength of the beef market, traders said. Prices typically rise heading into Labour Day,
U.S. grains: Soybeans, corn up after USDA confirms massive U.S. crops
Traders assessing damage from Midwest storm Monday
Chicago | Reuters — Chicago Board of Trade corn and soybean futures rose on Wednesday as short-covering and position-squaring emerged after the U.S. Department of Agriculture confirmed expectations for massive crops, traders said. USDA, in a monthly report, said U.S. farmers will reap their biggest corn harvest and second-biggest soybean harvest, thanks to favourable weather.
‘Spread out? Where?’ Smithfield says not all plant workers can be socially distanced
Smithfield Foods, the world’s biggest pork processor, said workers cannot be socially distant in all areas of its plants, in response to U.S. senators who pressed meat packers on COVID-19 outbreaks in slaughterhouses. Meat packers are under mounting pressure to protect workers after more than 16,000 employees across 23 U.S. states were infected with COVID-19
U.S. livestock: Cattle futures rise with U.S. beef prices
Chicago lean hogs retreat
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures advanced on Tuesday, supported by increasing beef prices, traders said. Beef prices usually rise heading into Labour Day, and there is a feeling the market has bottomed after recent volatility, said Don Roose, president of Iowa-based broker U.S. Commodities. Prices for choice cuts of boxed
U.S. grains: Corn futures tread water as Midwest’s farmers assess storm damage
Analysts still expect large U.S. harvest
Chicago | Reuters — U.S. corn futures ended flat on Tuesday as traders and analysts predicted that farmers will harvest a large crop despite a damaging storm that tore across the U.S. Midwest on Monday. Soybean futures were steady, while wheat futures rose on technical buying. Farmers are assessing the damage to their corn from
Unsolicited seed prompts U.S., CFIA warnings
Reuters – The U.S. Department of Agriculture (USDA) is warning Americans not to plant unsolicited packages of seeds that appear to be arriving from China. States stretching from Washington to Virginia have also told residents not to put the seeds in the ground, after they arrived in the mailboxes of people who did not order
Cyber-Savvy Farmer
