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Tag Archives USDA

(MGEX.com)
Crops, Markets, Weather

U.S. grains: Minneapolis wheat surges on northern Plains dryness

By GFM Network News, Julie Ingwersen June 2, 2017
Chicago | Reuters — U.S. spring wheat futures set a 5-1/2-month high on Friday, buoyed by expanding dryness in the northern Plains production belt, analysts said. Minneapolis Grain Exchange July spring wheat settled up five cents at $5.83-3/4 per bushel after reaching $5.90, the highest spot price since mid-January (all figures US$). The spot contract

Crops, Markets

CBOT weekly outlook: Soybeans in danger of dropping below US$9

By Dave Sims, GFM Network News May 31, 2017
CNS Canada –– The Chicago Board of Trade soybean market is increasingly being weighed down as rain-stricken farmers switch out acres intended for corn into oilseeds. The July contract plunged 32.25 cents per bushel during the week ended Wednesday (all figures US$). “You can see the corn has already gained on beans a dime this


(Dave Clark photo courtesy ARS/USDA)
Crops, Markets

U.S. grains: Corn ends higher on lower-than-expected crop ratings

By GFM Network News, Julie Ingwersen May 31, 2017
Chicago | Reuters –– U.S. corn futures rose about 1.4 per cent on Wednesday after the U.S. Department of Agriculture’s initial condition ratings for the crop fell below trade expectations. Nearby soybeans also closed firm while wheat turned lower toward the close, after spending most of the session higher. Chicago Board of Trade July corn

(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets

U.S. grains: Soybeans near 14-month low as weather worries recede

By GFM Network News, Julie Ingwersen May 30, 2017
Chicago | Reuters — U.S. soybean futures fell to their lowest level in nearly 14 months on Tuesday on better-than-expected weather conditions over a long holiday weekend and worries about export demand for new-crop supplies, analysts said. Corn and wheat futures declined about two per cent on improving U.S. weather outlooks. Chicago Board of Trade


(Canada Beef Inc. photo)
Livestock, Markets

U.S. livestock: Bearish USDA report rattles CME live cattle

By GFM Network News, Theopolis Waters May 26, 2017
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Friday finished sharply lower, hit by fund liquidation and the morning’s bearish U.S. Department of Agriculture Cattle on Feed report, said traders. The report showed the number of cattle placed in feedlots in April hit a 14-year high for the month. Traders said fund

(USDA.gov via Flickr)
Beef cattle, Livestock

U.S. April feedlot cattle placements jump to 14-year high

By GFM Network News, Theopolis Waters May 26, 2017
Chicago | Reuters — Ranchers placed 11 per cent more cattle in feedlots in April than a year earlier, the most for the month in 14 years, the U.S. Department of Agriculture reported on Friday, beating average forecasts. Higher cattle prices paid by packers last month enhanced profits for feedlots, allowing them to buy more


(Photo courtesy Canada Beef Inc.)
Livestock, Markets

U.S. livestock: Funds, bargain buying rally live cattle

By GFM Network News, Theopolis Waters May 26, 2017
Chicago | Reuters — Chicago Mercantile Exchange live cattle on Thursday reversed some of their recent losses, stirred by fund buying and bargain hunting as the U.S. Memorial Day holiday approaches, said traders. They said futures’ discounts to this week’s cash prices attracted would-be buyers. June closed 1.8 cents/lb. higher at 123.925 cents, and above

(Regis Lefebure photo courtesy ARS/USDA)
Livestock, Markets

U.S. livestock: Hogs gain, cattle ease on spread unwinding

By GFM Network News, Michael Hirtzer May 23, 2017
Chicago | Reuters — U.S. lean hog futures rose to a three-month high on Tuesday while live cattle declined as some investors unwound hog-cattle spreads, traders and analysts said. Traders locked in profits on long cattle-short hog spreads, with Chicago Mercantile Exchange live cattle declining for the first time in four sessions and easing from


(Dave Bedard photo)
Crops

U.S. farm groups oppose Trump’s cuts to ag spending

By GFM Network News, Mark Weinraub, Tom Polansek May 23, 2017
Chicago | Reuters — U.S. farm groups on Tuesday pushed back against President Donald Trump’s proposal to slash agriculture spending, viewing it as a fresh threat to a struggling farm economy. The White House on Monday proposed $46.54 billion in cuts to federal government funding for the agriculture sector over the next 10 years, including

(Photo courtesy Canada Beef Inc.)
Crops, Markets

U.S. grains: Corn falls on reassuring crop progress data

By GFM Network News, Julie Ingwersen May 23, 2017
Chicago | Reuters — U.S. corn futures fell 1.5 per cent on Tuesday, halting a two-session advance as weekly U.S. planting progress data eased concerns about rain-related delays in the Midwest, analysts said. Soybean and wheat futures also declined, with wheat pressured by better-than-expected weekly U.S. condition ratings. Chicago Board of Trade July corn settled


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