Reading Time: 3 minutes U.S. grain prices have surged since the Iran war began, triggering a flurry of corn and soybean sales by farmers who squirreled away last year’s harvests due to weak prices.
U.S. farmers rush to sell crops as Iran war fuels rally
JBS workers to strike at U.S. beef plant as consumers face record prices
Reading Time: 2 minutes About 3,800 JBS meatpacking workers in Greeley, Colorado, plan to go on strike starting on March 16, the workers’ union said on Monday, crippling production at one of the largest U.S. beef plants as consumers face record-high prices.
U.S. cattle ranchers search for feed as wildfires burn grazing lands
Reading Time: 2 minutes Pasture lands have been stripped down to a sea of sand after wildfires tore across the U.S. Plains, killing cattle and wiping out their food sources, and threatening a historically small herd already linked to rising beef prices.
Trump signs proclamation increasing Argentine beef imports
Reading Time: 2 minutes U.S. President Donald Trump on Friday signed a proclamation to hike the country’s low-tariff imports of Argentine beef, though economists have said the attempt to lower costs for American consumers will likely have little impact on prices.
Former U.S. agriculture officials, top Republican senator warn of farm country trouble
Reading Time: 2 minutes The chair of the U.S. Senate’s agriculture committee warned on Tuesday that farmers were suffering heavy losses, while more than two dozen former industry leaders sounded the alarm about the risk of a “widespread collapse of American agriculture” ahead of a $12 billion government bailout expected to reach growers this month.
U.S. grains: Soybean futures rise as dollar hits four-year low
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures crept higher on Tuesday and wheat finished nearly unchanged as a sliding dollar underpinned prices. Corn futures ended slightly lower. The drop in the dollar index, which sank near a four-year low, helped to steady grain prices after a pullback on Monday, making U.S. crops look cheaper overseas, […] Read more
U.S. grains: Wheat falls after hitting six-week high on U.S., Russia crop worries
Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade wheat futures pulled back after climbing to a six-week high on Monday as worries eased about cold weather threatening U.S. and Russian crops. Corn and soybean futures also retreated from multi-week highs. Traders focused on the weather as temperatures remained frigid after a severe winter storm blasted […] Read more
U.S. livestocK: CME cattle advance as brutal cold threatens herds
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange cattle futures jumped on Monday as bitterly cold weather was expected to slow weight gain in the decimated U.S. herd, analysts said, while hog futures stormed to contract highs. U.S. cattle inventories are tight after ranchers slashed the nation’s herd to its smallest size in decades due to […] Read more
U.S. grains: Soybean futures rise on active Chinese buying
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures edged higher on Friday on increased Chinese demand for American supplies. Wheat and corn futures finished nearly unchanged as traders adjusted positions in agricultural markets ahead of the release of much-anticipated U.S. Department of Agriculture crop data on Monday. China’s Sinograin bought at least 10 cargoes of U.S. […] Read more
U.S. grains: Wheat futures backpedal as US rains ease weather worries
Reading Time: 2 minutes Chicago | Reuters – U.S. wheat futures backpedaled from their highest levels in nearly two weeks on Thursday as rains eased concerns over dry weather in U.S. growing areas, analysts said. Corn futures set their highest level in more than a week before finishing slightly lower, and soybeans also slipped. Traders adjusted positions in the […] Read more
A message from April Stewart, Country Guide's Associate Editor
