Chicago | Reuters – Chicago corn and soybean futures fell on Thursday as large U.S. yield prospects continued to drive short covering from earlier this week, analysts said. Wheat followed corn downward, while brisk exports from the Black Sea region continued to curb prices. A lower dollar and concerns over damaging, dry U.S. Midwestern weather
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U.S. grains: Corn, soy futures ease after short-covering wave
Bird flu spreads to California dairy cows
Cows at three dairy farms in California tested positive for H5N1 bird flu at the end of August, marking an expansion of the virus into the largest dairy producing region of the United States, according to an announcement from the state’s agriculture department. More than 190 herds have been infected across the U.S. since March,
USDA forecasts smaller drop in 2024 farm income
Chicago | Reuters – U.S. farm income will fall for a second consecutive year in 2024, but not as much as previously expected as prices of livestock and egg products boom and production expenses ease, the U.S. Department of Agriculture said on Thursday. Declining farm income could ripple across the rural economy in a presidential
Saskatchewan farmers making good harvest progress: report
Saskatchewan farmers made good harvest progress during the week ended Sep. 2, according to the latest provincial crop report. An estimated 42 per cent of the 2024 crop was harvested across the province, which was up from 25 per cent the previous week and ahead of the five-year average of 34 per cent done. The
Feed Weekly: More grain to enter feed markets
Feed barley and feed wheat are in no short supply on the Prairies, according to Jim Beusekom, president of Market Place Commodities in Lethbridge, Alta. He has recently seen light test-weight barley and wheat coming from various places in Western Canada being shipped to feedlots. Beusekom added the feed grains were coming from “almost everywhere
Ukraine says peace summit follow-up meeting tackles food security
Kyiv | Reuters – Ukraine said 75 countries and international organizations have agreed a “shared vision” of measures to ensure the uninterrupted supply of Ukrainian agricultural products and help global food security, a major concern following Russia’s 2022 invasion. The presidential office said an online meeting of representatives of the countries and organizations, held as
U.S. to spend $7.3 billion on rural clean energy projects
Reuters – President Joe Biden’s administration on Thursday said the U.S. will spend $7.3 billion from 2022’s Inflation Reduction Act to fund clean energy projects helmed by rural electric cooperatives. The 16 funded projects will reduce energy costs and increase reliability for rural Americans, who tend to pay more for energy, the White House said.
U.S. livestock: CME cattle dip on weak cash market, rising corn prices
Chicago | Reuters – Chicago Mercantile Exchange (CME) live cattle and feeder cattle futures fell on Wednesday following recent weakness in cash prices and as corn prices sustained a small rally, traders said. Traders also monitored U.S. beef demand. Demand for beef typically weakens after Labor Day, which is considered the last major grilling holiday
U.S. grains: Soy, corn rise on weather risks, wheat up on short covering
Chicago | Reuters – Chicago soy futures rose on Wednesday on support from short-covering and weather risks. Corn on the Chicago Board of Trade (CBOT) rose on spillover support from soy futures while wheat increased as harvest pressure eased and traders covered short positions. Industry players have been assessing whether overly dry weather in the U.S.
ICE Weekly: Canola market suddenly in a very bad position
China caused a great deal of turmoil in the canola market on Sept. 3, leading prices to tumble on the Intercontinental Exchange. To senior market analyst Mike Jubinville of MarketsFarm, China dramatically changed canola’s outlook in fell swoop. The Chinese government announced that it was launching an investigation into alleged canola dumping by Canada. This
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