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Crops, Markets, Reuters

U.S. grains: Soybeans, wheat and corn fall on profit taking

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Reading Time: 2 minutes Chicago | Reuters – Chicago soybean futures slid on Friday on expectations of large U.S. yields and profit taking following a rally earlier in the week sparked by speculators unwinding large short positions, traders said. Wheat and corn futures also dipped as funds sought profits and positioned ahead of two U.S. Department of Agriculture reports that will […] Read more
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Reuters

U.S. lawmakers want risks posed by Chinese agriculture drones addressed

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Reading Time: < 1 minute Reuters – A dozen U.S. lawmakers on Friday urged the Biden administration to address the use of Chinese manufactured agriculture drones, saying their use on American farms poses national security risks. The House Republicans, including Representatives Elise Stefanik, Ashley Hinson and John Moolenaar, who chairs a select committee on China, asked the U.S. Agriculture Department and Cybersecurity […] Read more
A vessel is seen arriving at Odesa in southern Ukraine under the Black Sea Grain Initiative on April 12, 2023. (Photo: Yulii Zozulia/Nurphoto via Reuters Connect)
Reuters

Ukraine’s maritime food exports fall to 4.13 mln T in August

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Reading Time: < 1 minute Kyiv | Reuters – Ukraine’s food exports by sea and river totalled 4.13 million metric tons in August, down from 4.25 million tons in July, agriculture ministry data showed on Friday. That included 2.18 million tons of wheat, 553,732 tons of corn and 454,641 tons of barley, the data showed. Ukraine’s UGA grain traders union […] Read more
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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME cattle fall as consumers opt for cheaper meats

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Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange (CME) live cattle and feeder cattle futures fell on Thursday on renewed worries over inflation-hit consumers’ ability to purchase pricy cuts of meat, traders said. Hog futures also fell on a seasonal lull in prices and a strong supply of heavy hogs. Beef and pork demand has eased […] Read more
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Crops, Markets, Reuters

U.S. grains: Corn, soy futures ease after short-covering wave

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Reading Time: < 1 minute Chicago | Reuters – Chicago corn and soybean futures fell on Thursday as large U.S. yield prospects continued to drive short covering from earlier this week, analysts said. Wheat followed corn downward, while brisk exports from the Black Sea region continued to curb prices. A lower dollar and concerns over damaging, dry U.S. Midwestern weather […] Read more
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Reuters

USDA forecasts smaller drop in 2024 farm income

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Reading Time: 2 minutes Chicago | Reuters – U.S. farm income will fall for a second consecutive year in 2024, but not as much as previously expected as prices of livestock and egg products boom and production expenses ease, the U.S. Department of Agriculture said on Thursday. Declining farm income could ripple across the rural economy in a presidential […] Read more
A seaport grain terminal damaged during Russian missile and drone strikes in Odesa region, Ukraine on July 19, 2023. (Photo: Ukrainian Infrastructure Ministry via Facebook/Handout via Reuters)
Reuters

Ukraine says peace summit follow-up meeting tackles food security

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Reading Time: 2 minutes Kyiv | Reuters – Ukraine said 75 countries and international organizations have agreed a “shared vision” of measures to ensure the uninterrupted supply of Ukrainian agricultural products and help global food security, a major concern following Russia’s 2022 invasion. The presidential office said an online meeting of representatives of the countries and organizations, held as […] Read more
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Reuters

U.S. to spend $7.3 billion on rural clean energy projects

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Reading Time: < 1 minute Reuters – President Joe Biden’s administration on Thursday said the U.S. will spend $7.3 billion from 2022’s Inflation Reduction Act to fund clean energy projects helmed by rural electric cooperatives. The 16 funded projects will reduce energy costs and increase reliability for rural Americans, who tend to pay more for energy, the White House said. […] Read more
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Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: CME cattle dip on weak cash market, rising corn prices

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Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange (CME) live cattle and feeder cattle futures fell on Wednesday following recent weakness in cash prices and as corn prices sustained a small rally, traders said. Traders also monitored U.S. beef demand. Demand for beef typically weakens after Labor Day, which is considered the last major grilling holiday […] Read more
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Crops, Markets, Reuters

U.S. grains: Soy, corn rise on weather risks, wheat up on short covering

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Reading Time: < 1 minute Chicago | Reuters – Chicago soy futures rose on Wednesday on support from short-covering and weather risks. Corn on the Chicago Board of Trade (CBOT) rose on spillover support from soy futures while wheat increased as harvest pressure eased and traders covered short positions. Industry players have been assessing whether overly dry weather in the U.S. […] Read more

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