Reading Time: 3 minutes Chicago | Reuters — Grain prices tumbled to their lowest levels in years on Friday, extending a weeks-long rout after the U.S. Department of Agriculture projected that supplies will significantly exceed expectations. Crops in the U.S., the world’s top grain exporter, have flourished this summer thanks to nearly ideal weather, fuelling expectations that bumper autumn […] Read more
U.S. grains: Prices hit multi-year lows as supply forecasts raised
U.S. grains: New-crop corn hits fresh low on big crop outlook
Reading Time: 2 minutes Chicago | Reuters — New-crop U.S. corn futures set a contract low for the eighth consecutive session on Thursday as mild weather increased expectations for bumper crops, while new-crop soybeans dropped to a six-month low below US$11 a bushel. Prices fell ahead of the release on Friday of a U.S. Department of Agriculture report that […] Read more
U.S. grains: New-crop corn sets new contract low on ideal weather
Reading Time: 2 minutes Chicago | Reuters — U.S. new-crop corn futures fell to a new contract low below US$4 a bushel on Wednesday as forecasts for nearly ideal crop weather raised expectations for record harvests. New-crop soybean futures dropped to their lowest level since early February, while wheat futures joined corn in setting contract lows. Traders pushed down […] Read more
Roosters’ fertility problem hits U.S. chicken supply
Reading Time: 3 minutes Reuters — The world’s largest chicken breeder has discovered a key breed of rooster has a genetic issue reducing its fertility, adding to problems constraining U.S. poultry production and raising prices at a time when beef and pork prices are already at record highs. The breed, Aviagen Group’s standard Ross male, is sire through its […] Read more
U.S. grains: Soybeans slide on profit-taking before crop reports
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures on Friday retreated from a two-week high reached the previous session as traders booked profits ahead of the release of key U.S. crop reports. Wheat futures climbed after Canada said farmers had planted fewer acres of the crop than expected, while corn was little changed. Traders were adjusting […] Read more
U.S. grains: Soybeans hit two-week high on strong export sales
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures jumped to a two-week high on Thursday as stronger-than-expected export sales re-ignited concerns about dwindling old-crop supplies. Corn futures advanced for the first time in four sessions, while wheat gained for a second straight session, bouncing from a four-month low set early on Wednesday. Robust demand for U.S. […] Read more
U.S. grains: Wheat bounces off four-month low
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose as buyers entered the market after prices hit a four-month low on Wednesday, while corn futures slipped for a third consecutive session on expectations for a bumper U.S. harvest. Wheat rebounded after crumbling recently under sustained pressure due to the advancing U.S. harvest and amid intense competition […] Read more
U.S. grains: Wheat hits four-month low as harvest advances
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures slid to a four-month low on Tuesday as the country’s advancing harvest increased supplies, while soybean futures dropped on better-than-expected U.S. crop conditions. Weather conditions are expected to improve for the wheat harvest in the U.S. Plains after recent rains slowed progress. The U.S. Department of Agriculture said […] Read more
U.S. grains: Corn drops as rains boost crop prospects
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell on Monday, retreating from a two-week high hit early in the day, as expectations for a massive harvest in the U.S. overshadowed concerns that some areas had received too much rain. Wheat futures slumped after top importer Egypt snubbed the U.S. in a weekend tender, while soybeans […] Read more
USDA approves vaccine to help fight PEDv
Reading Time: 2 minutes Chicago | Reuters — The U.S. Department of Agriculture has approved the first vaccine that can be sold directly to farmers to help fight a virus that has wiped out an estimated 10 per cent of U.S. pigs, USDA said Monday. Preliminary studies of the vaccine developed by Harrisvaccines “have been promising” in controlling porcine […] Read more