Daily Network News

More News →

Reuters

The Big River Resources ethanol plant at West Burlington, Iowa, about 120 km southwest of Davenport. (Steven Vaughn photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. biofuel group says ethanol industry sharply cutting production

By
Reading Time: 2 minutes Reuters — Many U.S. ethanol plants have slashed production over the past week or idled entirely as the coronavirus outbreak cut into fuel consumption and cratered margins to refine the corn-based fuel, the head of a biofuel trade group said on Thursday. Renewable Fuels Association CEO Geoff Cooper said on a conference call he expects […] Read more
CBOT May 2020 wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Recent declines stoke export interest

CBOT May corn, soy, wheat all rally

By
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures rallied on Thursday, supported by technical buying and hopes for a pick-up in export demand as recent price declines made U.S. supplies more attractive to overseas buyers. Corn was bouncing off the near 3-1/2-year low it hit on Wednesday after a rout in the energy […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs rebound with grocery demand in focus

By
Reading Time: < 1 minute Chicago | Reuters — U.S. livestock futures rose on Thursday, part of a broad recovery in the agriculture markets stemming from a rebound in crude oil prices and export hopes, traders said. Strong demand for meat in the retail sector underpinned the gains as the industry scrambled to restock grocery stores as the coronavirus pandemic […] Read more
(JBSS.infoinvest.com.br)
Livestock, Reuters

‘Misled’ JBS shareholders in Brazil seek damages

Reading Time: < 1 minute Sao Paulo | Reuters — A group of shareholders in JBS SA has started arbitration proceedings against the Brazilian beef company, claiming they were misled after the company’s IPO in Brazil in 2007. In a statement on Wednesday, U.S.-based law firm DRRT, along with Brazilian co-counsel Finkelstein Advogados, said the shareholders are seeking damages of […] Read more
K.C. May 2020 hard red wheat with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn skids to lowest level since September 2016

Wheat, soybean futures rise

By
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell 2.2 per cent to their lowest level in 3-1/2 years on Wednesday, with falling prices for crude oil cutting into demand from the ethanol market, traders said. A crumbling cash market for corn added to the pressure in the futures contracts as dealers in the country slashed […] Read more
CME May 2020 feeder cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs fall on demand uncertainty

By
Reading Time: < 1 minute Chicago | Reuters — U.S. livestock futures fell on Wednesday, pressured by sharp declines in the equities markets and uncertainty about demand due to the COVID-19 coronavirus pandemic. The cattle and hog markets surged on Tuesday because of strength in the cash market after consumers cleared out grocery store shelves in anticipation of being homebound […] Read more
(Video screengrab from CBSA-asfc.gc.ca)
General, Markets, Reuters

U.S.-Canada border to temporarily close to nonessential travel

By
Reading Time: < 1 minute Washington/Ottawa | Reuters — The U.S.-Canada border will close to nonessential traffic, U.S. President Donald Trump tweeted on Wednesday, saying details on the move would be announced later but that it would not affect trade between the two countries. “We will be, by mutual consent, temporarily closing our Northern Border with Canada to non-essential traffic. […] Read more
CBOT May 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn hits 18-month low

Soybean, wheat futures firm

By
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures plummeted 3.3 per cent to an 18-month low on Tuesday as traders said current prices were too high to generate demand from overseas buyers with the ongoing harvests in Brazil and Argentina providing cheaper offerings on the export market. Corn prices fell to their session lows just ahead […] Read more
CME June 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Cattle, hogs rally after grocery stores depleted

By
Reading Time: < 1 minute Chicago | Reuters — U.S. cattle and hog futures surged on Tuesday, fueled by strength in the cash market as the grocery sector looked to restock shelves following heavy buying during the weekend. Bargain buying also helped support the livestock market. Both live cattle and feeder cattle futures were recovering from near 10-year lows hit […] Read more
File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)
Crops, Markets, Reuters

Grain price slump attracts bargain-hunting by importers

By
Reading Time: 2 minutes Hamburg | Reuters — The collapse in grain prices caused by concern about the global impact of the COVID-19 coronavirus has generated some bargain-buying by importing countries, traders said on Tuesday. But they said the extent was still limited and there were no signs importers were making especially large purchases to expand stocks. “We are […] Read more

Latest Market News

More Market News →