Articles Written by Karl Plume

Cargill quarterly profit drops on trade tensions, U.S. floods

By Karl Plume July 11, 2019

Chicago | Reuters — Global commodities trader Cargill reported a 41 per cent drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United States that hit marketing and transportation of grains and livestock. Cargill, the largest privately held U.S. company, said adjusted […] Read more

Crops, Markets, Reuters, Weather

Major grain traders face one-two punch from U.S. floods, trade war

By Karl Plume July 10, 2019

Chicago | Reuters — Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland and Bunge for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. ADM and Bunge, as well as peers Cargill and Louis Dreyfus, known as the ABCD quartet of […] Read more

Crops, Markets, Reuters

U.S. grains: Corn posts steepest drop in three years on USDA acreage view

By Barbara Smith, Karl Plume June 28, 2019

Chicago | Reuters — U.S. corn futures plunged by the most in nearly three years on Friday after the U.S. Department of Agriculture (USDA) pegged U.S. planted acres well above trade expectations despite rains and flooding this spring that disrupted sowing. Soybeans firmed on USDA’s smaller-than-expected acreage estimate, while wheat fell in tandem with plummeting […] Read more

Livestock, Markets, Reuters

U.S. livestock: Nearby lean hogs drop on continued herd expansion

By Karl Plume June 28, 2019

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures were mixed on Friday, with nearby contracts pressured by plentiful supplies of hogs and pork and deferred months buoyed by signs of a slowing multi-year U.S. hog herd expansion, traders said. Actively traded nearby contracts posted steep declines after the U.S. Department of Agriculture […] Read more

Livestock, Markets, Reuters

U.S. livestock: Hogs up before USDA confirms herd expansion

By Karl Plume June 27, 2019

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rallied on Thursday on short-covering and position squaring near the end of the month and quarter after prices hit multi-month lows earlier this week, traders said. Investors also squared bets ahead of the U.S. Department of Agriculture’s (USDA) quarterly hog and pig supply report, […] Read more

Crops, Markets, Reuters, Weather

U.S. grains: Corn, soy retreat as farm belt heats up

By Karl Plume June 27, 2019

Chicago | Reuters — U.S. corn and soybean futures drifted lower on Thursday as investors squared positions ahead of government reports on acreage and stocks due on Friday and as improving U.S. Midwest weather boosted crop prospects. Wheat futures ended mixed as improved harvest weather in the U.S. Plains winter wheat belt offset support from […] Read more

Crops, Markets, Reuters, Weather

U.S. grains: Wheat rises on global weather worries

By Karl Plume June 24, 2019

Chicago | Reuters — U.S. wheat futures climbed nearly two per cent on Monday due to weather-damaged crops in key production areas around the world, while corn and soybeans firmed as wet U.S. Midwest conditions stoked concerns about reduced harvests. Some optimism that U.S.-China trade talks may get back on track also underpinned markets. The […] Read more

Livestock, Markets, Reuters

U.S. livestock: Lean hogs tumble for third straight session

By Karl Plume June 24, 2019

Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures fell sharply for a third straight session on Monday in a technical and fund- selling drop fueled by ample supplies of hogs and pork. Actively traded nearby contracts shed more than four per cent, with losses over the past three sessions topping 10 per […] Read more

Crops, Markets, Reuters, Spring Wheat

Canadian wheat sales to China hit 14-year high despite dispute

By Karl Plume, Rod Nickel June 6, 2019

Winnipeg/Chicago | Reuters — Canada has shipped the most wheat to China in 14 years, contrasting a sudden halt in canola trade amid a diplomatic dispute between the countries, as Chinese buyers shunned the United States. China bought 1.5 million tonnes of wheat from Canada from August 2018 through April 2019, nearly double the pace […] Read more

Crops, Markets, Reuters

U.S. grains: Corn climbs to one-year high as rains stall planting

By Karl Plume May 24, 2019

Chicago | Reuters — U.S. corn futures scaled to their highest in a year on Friday as soggy U.S. Midwest field conditions and forecasts for unrelenting rain across the region heightened concerns that farmers may be unable to plant a sizable portion of the crop. Soybeans followed corn higher, also supported by worries about planting […] Read more

Alberta, Ontario sugar beet producers hope for good year

Pea, canola protein processing plant planned for outside Winnipeg

Feed weekly outlook: Grain prices softer ahead of harvest

GFM Network News

Alberta, Ontario sugar beet producers hope for good year

Pea, canola protein processing plant planned for outside Winnipeg

Feed weekly outlook: Grain prices softer ahead of harvest

Author Archives Karl Plume

Cargill quarterly profit drops on trade tensions, U.S. floods

Major grain traders face one-two punch from U.S. floods, trade war

U.S. grains: Corn posts steepest drop in three years on USDA acreage view

U.S. livestock: Nearby lean hogs drop on continued herd expansion

U.S. livestock: Hogs up before USDA confirms herd expansion

U.S. grains: Corn, soy retreat as farm belt heats up

U.S. grains: Wheat rises on global weather worries

U.S. livestock: Lean hogs tumble for third straight session

Canadian wheat sales to China hit 14-year high despite dispute

U.S. grains: Corn climbs to one-year high as rains stall planting

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