Reading Time: 2 minutes Chicago | Reuters — Green Plains Inc., one of the biggest U.S. ethanol producers, is planning to flip its business model upside down to survive a crash in prices for the corn-based fuel. The company will invest some $400 million in the next two to three years at its 13 plants to make high-protein, corn-based […] Read more
Ethanol woes spur new feed focus for Green Plains
Biofuel maker to reinvent itself as DDGS-based feed maker
U.S. grains: Soybeans, wheat fall as coronavirus spreads
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures fell on Friday, their ninth straight day of losses, as concerns about the coronavirus cutting into Chinese demand beat back any attempts at a bargain-buying bounce, traders said. The losing streak marks the longest for the most-active soybean futures contract since a 10-day stretch that […] Read more
U.S. livestock: Hogs sink for third day as coronavirus spreads
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures sank to contract lows on Friday, their third straight day of declines in the fifth in the last six sessions, on worries about the coronavirus wreaking havoc on demand from China, traders said. On a continuous basis, the front-month hog futures contract hit its lowest since March 6, […] Read more
U.S. livestock: Hogs, cattle sink to multi-month lows
Ample supplies drag on cattle futures
Reading Time: < 1 minute Chicago | Reuters — U.S. hog and cattle futures dropped to fresh multi-month lows on Wednesday. Ample supplies and weakening cash markets weighed on the cattle contracts while concerns about demand from China pressured hog futures. The pressure on cattle comes at a time of year when the market tends to find support due to […] Read more
U.S. grains: Wheat, corn, soybeans drop
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell 1.4 per cent on Wednesday on a round of follow-through selling after Tuesday’s technical setback, traders said. The weakness in wheat spilled over to the corn market, which also faced some profit-taking after a higher opening during the overnight trading session. Soybean futures fell for the seventh […] Read more
U.S. grains: Soy, wheat extend losing streaks
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Tuesday for the sixth day in a row, with investors waiting for signs of the pickup in Chinese demand promised when Washington and Beijing signed the Phase One trade deal on Jan. 15, traders said. Wheat futures also drifted lower, their third straight day of losses, […] Read more
U.S. livestock: Hogs firm, cattle mixed after limit-down moves
Reading Time: 2 minutes Chicago | Reuters — U.S. hog contacts firmed on Tuesday, edging off a 5-1/2-month low hit on Monday on a mild round of bargain buying. Cattle futures were mixed, with the most-active fed cattle contracts also bouncing slightly while live cattle futures weakened to the lowest since Oct. 21. Fears about the spread of a […] Read more
U.S. grains: Corn, soy, wheat fall on coronavirus fears
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures fell on Monday, with investors shedding risky assets amid fears the coronavirus outbreak in China could dent the global economy, traders said. “The same thing happened with the SARS outbreak, which ended up costing the global economy $40 billion in 2002-03,” Craig Turner, senior commodities […] Read more
U.S. livestock: Cattle, hogs limit down on coronavirus fears
Reading Time: < 1 minute Chicago | Reuters –– U.S. hog and cattle contracts fell their daily trading limits on Monday, hitting multi-month lows on fears about the spread of a coronavirus in China. “If we thought China’s coronavirus was making the media rounds late last week, it’s a full-fledged media frenzy this morning,” INTL FCStone said in a note […] Read more
No need for more U.S. farm aid after China deal, Perdue says
Reading Time: 2 minutes Austin | Reuters — With China poised to increase purchases of U.S. agricultural goods this year as part of a Phase One trade deal, the U.S. agriculture secretary said on Monday there is no need for a third year of trade-related aid for farmers. Farmers have increasingly relied on aid from the U.S. government to […] Read more