U.S. consumers’ demand for organic foods, such as this California lettuce, has risen steadily in the past decade — particularly in California, which alone accounted for 41 per cent of U.S. organic sales in 2014. (Eric Brennan photo courtesy ARS/USDA)

Sales from organic U.S. farms reached $5.5B last year

Chicago | Reuters — Sales from organic U.S. farms reached US$5.5 billion last year, a 72 per cent increase from 2008, the U.S. Agriculture Department said in a report on Thursday that highlighted the consumer trend toward such products. The USDA data, compiled through farmer surveys, showed that milk was the top organic commodity in



(Photo courtesy Canada Beef Inc.)

U.S. livestock: CME live, feeder cattle ease to 16-month low

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Thursday hit a 16-month bottom, falling to contract lows for a second straight session, on lower wholesale beef values and further cash price weakness, traders said. Spot-October closed 0.75 cent/lb. lower at 136.85 cents, and earlier marked a contract low of 136.525 (all figures









(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Soy drops on stable crop ratings, poor export demand

Chicago | Reuters –– U.S. soybean futures dipped on Wednesday on better-than-expected U.S. crop ratings and concerns about sluggish export demand. Wheat futures also declined, while corn traded near unchanged. Soybeans pulled back after rising on Tuesday on expectations that the U.S. Agriculture Department would cut its condition ratings for the crop in a weekly

MGEX spring wheat weekly nearby. Chart as of Aug. 26, 2015.

Drozd: Harami provides a signal to sell wheat

It is difficult to know when to sell in a rising market

The wheat market rallied $1 per bushel in the two-week period leading up to the June 30, 2015 USDA and Statistics Canada acreage reports. But it was all downhill shortly after the July long weekend. This timely rally provided producers with an opportunity to price remaining old-crop wheat and move forward on new-crop sales. From