Reading Time: 2 minutes Chicago | Reuters — U.S. grain futures plummeted across the board on Wednesday, as fears eased about the potential for rain damage to the wheat crop and forecasts of warmer temperatures in the U.S. Midwest opened a narrow planting window for soybean farmers. The burgeoning U.S.-Mexico trade fight added pressure to corn futures, despite a […] Read more
U.S. grains: Futures plummet on Midwest weather, profit-taking
U.S. livestock: Feeder cattle rally on corn futures slump
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) feeder cattle futures continued to rally on Wednesday, as corn futures fell sharply and traders hoped that feed costs will continue to remain under pressure. The burgeoning U.S.-Mexico trade fight pressured Chicago Board of Trade corn futures, despite a Reuters report that corn has been excluded from […] Read more
U.S. livestock: Warming weather, easing feed costs spur rallies
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) feeder cattle futures rebounded on Tuesday as traders hoped that feed costs will remain under pressure following news U.S. buyers are importing corn from South America. Both live cattle and lean hog futures also rose amid a rally in the U.S. stock market and forecasts of warming […] Read more
U.S. grains: Corn, soy rise as report shows rain slows plantings
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade (CBOT) corn futures rose on Tuesday to revisit last week’s three-year highs after the U.S. Department of Agriculture said U.S. planting was well behind the average pace for this time of year following repeated rainfall. Soybeans rose too as rain also slowed U.S. sowings, according to the […] Read more
U.S. grains: CBOT wheat rallies on weather
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rallied on Monday on concerns about harvest risks as more heavy rain was forecast in some U.S. grain belts and warm, dry weather was expected in top wheat exporter Russia. Meanwhile, corn and soybean futures traded choppily as the markets digested a threat of U.S. tariffs against Mexico, […] Read more
U.S. livestock: Trade fights continue to batter live cattle, lean hogs
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) live cattle and lean hog futures fell for a second trading day on Monday — with live cattle futures hitting a near-10 month low — amid robust supplies and trade fights quelling export demand, traders said. But trade issues helped feeder cattle futures settle the day slightly […] Read more
U.S. grains: Corn extends rally, wheat touches six-week high
Reading Time: 3 minutes Chicago | Reuters — U.S. corn futures extended their rally on Friday, jumping to a four-month high, as forecasts of heavy rain sweeping a wide path across the U.S. Midwest next week fuelled concerns about worsening planting delays. Chicago Board of Trade (CBOT) corn prices rose for the fifth session, trading through its 100-day moving […] Read more
U.S. livestock: Feeder cattle futures dip to contract lows
Reading Time: 2 minutes Chicago | Reuters — U.S. feeder cattle futures on the Chicago Mercantile Exchange (CME) dipped to new contract lows on Thursday as a rally in Chicago Board of Trade corn futures this week continued to signal rising feed costs and U.S. beef demand remains sluggish. Cattle futures also faced headwinds from U.S. Department of Agriculture […] Read more
China cancels U.S. pork import order as trade war drags on
Reading Time: 2 minutes Chicago | Reuters — The same week U.S. President Donald Trump announced sweeping increases on tariffs against Chinese goods, Chinese buyers dropped orders for 3,247 tonnes of U.S. pork — the biggest cancellation in more than a year, according to U.S. Department of Agriculture data released on Thursday. The cancellation came during the week ended […] Read more
U.S. plans more aid for farmers amid China trade spat
Reading Time: 3 minutes Chicago/Washington | Reuters — U.S. Agriculture Secretary Sonny Perdue said on Friday that President Donald Trump had asked him to create a plan to help U.S. farmers cope with the heavy impact of the U.S.-China trade war on agriculture. A new aid program would be the second round of assistance for farmers, after the Department […] Read more
A message from April Stewart, Country Guide's Associate Editor
