China eyes even more U.S. soy

China, the world’s biggest food shopper, is likely to buy more U.S. soybeans this quarter, as a withering drought is expected to cut the South American harvest, pushing soy prices up to fresh highs. Benchmark Chicago soy has risen for three weeks on the relentless Southern Hemisphere summer, and analysts say prices could head higher,


Agriculture takes three of five “useless” college degrees

Internet news site Yahoo Education recently published an article titled “College Majors that are Useless.” Agriculture topped the list, followed by fashion design, theatre, animal science and horticulture. The Yahoo article’s rationale was largely based on the projected continuing decline in the numbers of farms in the U.S. “In fact, the U.S. Department of Labor



U.S. cattle placements fall six per cent

Marketings are down two per cent Chicago / Reuters The number of cattle that flowed into feedlots in December fell six per cent, according to the Jan. 20 U.S. government cattle-on-feed data, a decline analysts had expected because of severe drought and high corn prices. Although the U.S. Department of Agriculture’s placement data came in

Low-key corn futures belie active options

Corn futures may appear to be lacking conviction lately as both nearby and deferred contracts shuffle mainly sideways in low-key trade ahead of the upcoming U.S. Department of Agriculture production and stocks report due on Jan. 12. But judging by the steady climb in open interest in both put and call options in recent weeks,


China imports dairy cows

China is importing more dairy cows to try and beef up its transition to larger-scale farms, as the industry attempts to boost production and quality following a deadly scandal. China plans to nearly double milk production to 64 million tonnes by 2020, as part of a long-term plan by the Ministry of Agriculture to improve

Warm weather threatens to extend U.S. drought

A New Year’s Eve “heat wave” melted away welcomed winter snow that had brought some drought relief to the U.S. Plains, reviving fears that harmfully warm and dry conditions will persist into 2012, U.S. climatologists said in a report issued Jan. 5. “The return of warm, dry weather to the nation’s southern tier could be


South American weather shakes up corn, soybeans

Canola futures on the ICE Futures Canada trading platform managed to trend upward over the holiday period ended Jan. 6. Steady demand from the commercial sector provided some of the strength with weather issues in the oilseed-growing areas of South America contributing to the upward momentum. Fresh export business with China further underpinned canola values.

Modest hog herd expansion boosts futures

The U.S. hog supply increased at a modest rate this fall, with the litter size hitting a record high, the latest USDA quarterly report shows. The U.S. Department of Agriculture’s Dec. 23 quarterly hogs and pig report showed that an average of 10.02 pigs survived to maturity in the September-November period, up from 9.9 last