GFM Network News

Rising beef prices squeeze carnivores from Buenos Aires to California

China’s appetite and higher feed prices see beef prices rise around the globe for consumers

Reuters – Beef prices are surging worldwide, taking meat off the menu in steak-loving Buenos Aires and spoiling summer barbecues in the United States as Chinese imports rise and the cost of feeding cattle soars. Globally, the surge is contributing to the highest food prices since 2014, according to the United Nations food agency, hitting

“The forecast shows dryness returning, which should be well timed for the harvest... ” – Isaac Hankes, Refinitiv.

Coming dry spell in Argentina, after March rains, seen helping harvest

After a prolonged dry period, rains came, but now they’ve broken

Reuters – Rains that have pelted Argentina’s Farm Belt since mid-March halted the deterioration of corn and soy yields, and a coming dry spell will help kick off harvesting of the country’s two main cash crops, climatologists said March 31. The South American grains powerhouse is the world’s No. 3 corn exporter and top supplier

(Photo courtesy Canada Beef Inc.)

U.S. grains: Corn, wheat futures firm

Chicago | Reuters — U.S. corn and wheat futures closed slightly higher on Friday, as their recent rally from multi-week lows ran out of steam in the absence of fresh fundamental news, traders said. Soybeans weakened, their ninth decline in 10 sessions as the market remained anchored by expectations of a record crop in Brazil.

World briefs Jan. 12

La Nina threatens South American, U.S. crops Reuters / The U.S. government forecaster warned Jan. 5 that La Nia, the weather phenomenon widely blamed for withering drought in the southern United States and South America, may persist longer than expected, into the Northern Hemisphere spring. The prolonged La Nia, although weaker than it was a

Argentine Wheat And Corn Benefit From Rains

Buenos Aires/Reuters Rain over the last 10 days in Argentina s central grain area revitalized parched wheat fields and helped farmers with their corn sowing, but dry weather could return, a forecaster said Monday. This season got off to a rough start as planting was slowed by dry soils, but heavy rainfall last week allowed

Parrots, Pigeons Threaten Argentine Sunflowers

Flocks of hungry parrots and pigeons are plaguing sunflower farmers in some parts of Argentina, eating their crops and thinning their wallets. As swelling numbers of birds feed on fields, growers try to scare them away using balloons with “menacing eyes” painted on them. Farmers in the South American country, a leading global food exporter,

Argentine Wheat Crop Off To A Good Start – for Sep. 16, 2010

BUENOS AIRES/REUTERS Argentina’s wheat area is seen slightly bigger than previously forecast and rains have brought relief to crops in recent days, Buenos Aires Grains Exchange said in a report Sept. 9. Argentina is one of the world’s leading wheat suppliers and markets have been closely watching dry conditions affecting 2010- 11 crops in recent