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Reuters

(Dave Bedard photo)
General, Markets, Reuters

U.S. announces coronavirus aid for farmers, food buys for poor

Direct payments, mass purchases planned

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Reading Time: 2 minutes Chicago | Reuters — President Donald Trump on Friday announced a $19 billion relief program to help U.S. farmers cope with the impact of the coronavirus, including $16 billion in direct payments to producers and mass purchases of meat, dairy, vegetables and other products (all figures US$). The U.S. Agriculture Department is partnering with regional […] Read more
Bulk wheat being loaded on a ship in a Russian port. (YGrek/iStock/Getty Images)
Crops, Markets, Reuters, Spring Wheat

Russia will suspend grain exports for six weeks if quota runs out mid-May

Several supplies to Egypt might be affected, traders say

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Reading Time: 2 minutes Moscow | Reuters — Russia, the world’s biggest wheat exporter, will suspend grain exports until July 1 once its export quota is exhausted, which is currently expected to happen in mid-May, its deputy agriculture minister Oksana Lut said on Friday. Russia last fully banned wheat exports in 2010 when drought hit its harvest, rocking global […] Read more
Valero Energy’s ethanol plant at Aurora, S.D., about 90 km north of Sioux Falls. (Valero.com)
Corn, Crops, Reuters

COVID-19 spurs new clash between Big Oil, Big Corn

Flagging consumption leads to pressures on U.S. fuels, biofuels

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Reading Time: 3 minutes New York | Reuters — A fuel demand meltdown caused by the coronavirus outbreak in the United States has started up a new fight between the oil and agriculture industries over the nation’s biofuel policy, this time over whether the policy should be suspended or expanded as a result of the crisis. The issue once […] Read more
CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat slumps after Egypt again passes on U.S. product

Soybeans slip on low exports, livestock feed worries

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures retreated on Thursday as worries over favourable weather dissipated and demand concerns resurfaced after top importer Egypt passed on U.S. wheat in a purchasing tender for a second straight day. Soybean futures sagged on weaker-than-expected export sales and worries of diminished livestock feed demand, while corn firmed after […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rebound to one-week high

Lean hog trade remains focused on plant shutdowns

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Reading Time: 2 minutes Chicago | Reuters — U.S. live and feeder cattle futures jumped to one-week highs on Thursday as the markets extended rebounds after diving recently on concerns about the new coronavirus backing up livestock on farms. Hog futures remained under pressure from disruptions caused by the virus, which has shut pork processing plants run by Smithfield […] Read more
(Marina Karkalicheva/iStock/Getty Images)
Dairy Cattle, Hogs, Livestock, Markets, Reuters

Trump administration aims to buy milk, meat to help farmers, Perdue says

Homeland Security to ease visa rules for ag workers

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Reading Time: 2 minutes Reuters — The U.S. government plans to buy milk and meat from farmers as part of an initial US$15.5 billion effort to help them weather the impact of the coronavirus outbreak, Agriculture Secretary Sonny Perdue said on Wednesday. The decision comes amid rising pressure from the U.S. farm lobby for government purchases as growers and […] Read more
CBOT May 2020 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn futures set 3-1/2 year low as ethanol output tumbles

Soy futures consolidate after 3-1/2 week low

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures dropped to their lowest level in about 3-1/2 years on Wednesday as weekly ethanol output set a record low, reflecting weak demand for the crop during the coronavirus outbreak. Soybean and wheat futures also fell at the Chicago Board of Trade. Demand for corn-based ethanol has suffered as […] Read more
CME June 2020 live cattle with Bollinger (20,2) bands. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hog futures recover

Cargill cuts more beef shifts, Smithfield shuts more pork plants

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Reading Time: 2 minutes Chicago | Reuters — U.S. cattle and hog futures advanced on Wednesday as the markets recovered slightly from recent losses that traders said had dropped prices too far below the cash markets. Futures prices have tumbled recently as major meat companies have shut slaughterhouses due to the spread of the new coronavirus among employees. The […] Read more
Bayer’s cross symbol hangs in a terminal at Frankfurt International Airport. (Typhoonski/iStock Editorial/Getty Images)
Crops, Reuters

Proxy advisers split over endorsing Bayer management

Chemical giant to host AGM April 28

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Reading Time: 2 minutes Frankfurt | Reuters — Shareholder advisory groups are divided over whether to endorse the management and directors at German drugs and pesticides company Bayer, according to recommendations submitted by proxy voting firms. Bayer is due to host its annual general meeting on April 28 but the company still faces potentially huge litigation risks stemming from […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle futures rise as traders hope slaughterhouses reopen soon

Hogs more sensitive to packer disruptions

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Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures rose Tuesday in a turnaround from recent losses, supported by a temporary easing of concerns over meat plants’ shutting due to cases of the COVID-19 coronavirus among workers, analysts said. Livestock markets have been fixated on shutdowns of meat plants because processing disruptions cause a backup in supplies […] Read more

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