Reading Time: 2 minutes Chicago | Reuters – Chicago Board of Trade wheat futures fell on Friday and notched a weekly loss, as plentiful global supply from ongoing Northern Hemisphere harvests outweighed strong U.S. exports. Corn futures eased on the day, with the most-active contract Cv1 ended the week nearly 2.05 per cent lower, amid expectations of a large […] Read more
U.S. grains: Chicago wheat futures dip on global supply pressure; corn, soybeans fall
Soybeans slip on slower-than-hoped U.S. export sales
U.S. livestock: Cattle futures climb as U.S. herd remains small
Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange cattle futures turned higher on Friday, as traders anticipated U.S. government reports would show tight cattle supplies. After the market closed, the U.S. Department of Agriculture reported that the nation’s cattle herd was 94.2 million head as of July 1, a record low for that date. In a separate report, USDA […] Read more
Trump says US will sell ‘so much’ beef to Australia
Australia says relaxed restrictions unrelated to trade talks
Reading Time: 2 minutes The United States will sell “so much” beef to Australia, U.S. President Donald Trump said on Thursday after Canberra relaxed import restrictions, adding that other countries that refused U.S. beef products were on notice.
U.S. grains: Corn, soybean futures climb on technical trading, trade deal hopes
Reading Time: 2 minutes Chicago Board of Trade corn futures ticked up on Thursday on signs of short-covering and consolidation, with traders hopeful that President Donald Trump will get foreign buyers to purchase more U.S. farm goods, market analysts said.
Canada’s retail sales shrink as tariffs bite, June expected to improve
Food and beverage saw declines, led declines in beer, wine and liquor sales and declining convenience store transations
Reading Time: 2 minutes Canada's retail sales shrank by 1.1 per cent in May as consumers curtailed car purchases and spent less at supermarkets, convenience stores and on alcohol, data showed on Thursday.
Chinese government pledges hog capacity control to stabilize prices
China soymeal futures fall as government pledges to reduce soymeal use in animal feed
Reading Time: < 1 minute Chinese authorities have pledged to rein in hog production and reduce soymeal use in animal feed to stabilize hog prices.
U.S. livestock: CME cattle futures hit new contract highs as supplies tighten
Reading Time: 2 minutes Chicago Mercantile Exchange live and feeder cattle futures rallied to fresh contract highs on Wednesday, as tight supplies and strong cash market prices continued to send future contracts surging, market analysts said.
U.S. grains: Wheat futures dip; corn falls for third straight session
Reading Time: 2 minutes Chicago Board of Trade wheat futures fell on Wednesday amid signs of profit-taking and reports of ample global supplies, which are outweighing concerns over smaller Russian crop estimates, market analysts said.
U.S. Republicans continue push to override California animal welfare law
Proposition 12 has potential to affect Canadian hog farmers who frequently sell into the U.S. market
Reading Time: 2 minutes U.S. Republicans are continuing years-long effort to override a California's Proposition 12, which bans the sale of pork from pigs kept in tightly confined spaces, arguing in a House Agriculture Committee hearing that the law is overly burdensome to farmers.
U.S. grains: Corn, soybeans extend losses as Midwest weather looks crop-friendly
Reading Time: 2 minutes Chicago Board of Trade corn futures extended session losses on Tuesday, weighed down by forecasts for crop-friendly rain in U.S. grain belts this week.
A message from April Stewart, Country Guide's Associate Editor
