Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended higher in nearby contract months on Wednesday, as the market rebounded from a drop to its lowest prices in more than six months. Most-active December hogs recovered after dropping 12.5 per cent since the start of the month on concerns about slowing U.S. pork […] Read more
U.S. livestock: Nearby hogs up in rebound off six-month low
CME cattle futures slide
U.S. livestock: CME hogs hit six-month lows
Chicago cattle futures rebound
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures dropped to their lowest prices in more than six months on Tuesday, while cattle futures recovered a day after hitting June lows on concerns about a fire at a major Nebraska beef plant. The hog market extended recent losses under pressure from concerns about the […] Read more
China’s buyers expect Brazil’s beef back soon despite BSE cases
Reading Time: 2 minutes Beijing | Reuters — Chinese beef importers said Monday the suspension of exports by top supplier Brazil due to two cases of BSE has had no immediate market impact, with some still making purchases in anticipation of a quick resumption of trade. Brazil said on Saturday it had confirmed two cases of ‘atypical’ bovine spongiform […] Read more
U.S. grains: Corn, soy, wheat slide on stronger U.S. dollar, export concerns
Market awaits USDA crop forecasts ahead of corn, soy harvests
Reading Time: 2 minutes Chicago | Reuters — Chicago corn, soybean and wheat futures slipped Tuesday as a stronger dollar, export concerns and early U.S. harvest activity weighed on the complex ahead of the U.S. Agriculture Department’s monthly supply and demand report, due out Friday. Analysts anticipate USDA’s Sept. 10 outlook to increase estimates of U.S. corn and soybean […] Read more
Slow U.S. corn shipments could pressure supply forecasts
Reading Time: 2 minutes Reuters – The United States has already secured a record corn export campaign for the nearly concluded season, but the shipments are unlikely to match the government’s current forecast because the pace has recently been too slow. Disappointing export inspections last week – a marketing year low – might be an indication that the U.S. […] Read more
ADM quarterly profit surges amid strong U.S. corn exports to China
Reading Time: 2 minutes Reuters – U.S. grain merchant Archer-Daniels-Midland Co on Tuesday reported quarterly profit leapt 52 percent due to strong exports and oilseed crushing margins. The bigger-than-expected earnings sent shares to a two-week high and extended a recovery from the COVID-19 pandemic, which last year hurt demand for the company’s ethanol and food products. Shares were up […] Read more
German hog market shrugs off swine fever discovery on farms
Reading Time: 2 minutes Hamburg | Reuters — German pig prices were unchanged this week despite the discovery of the disease African swine fever in farm animals, German animal farmers’ association VEZG said on Wednesday. German pig prices were the same as last week at 1.42 euros (C$2.10) per kilogram slaughter weight, the VEZG said. A third case of […] Read more
Pulse weekly outlook: Container crisis affecting markets, shipments
Reading Time: 2 minutes MarketsFarm — As hot and dry weather, especially in Western Canada, have wrought havoc on Canadian pulse crops and raised prices, it’s also becoming more difficult to export pulses overseas. Shipping containers, in which 30 per cent of Canada’s peas and more than 50 per cent of Canada’s lentils are transported, are currently in a […] Read more
Syngenta’s Shanghai IPO to fund growth, acquisitions
Reading Time: 2 minutes Hong Kong/Zurich | Reuters — Syngenta Group will use the proceeds from its US$10 billion initial public offering (IPO) to fund internal growth and an acquisition spree to snare more of the $100 billion market for seeds and sprays, the agrichemical giant said on Friday. The company’s prospectus to list on Shanghai’s Nasdaq-style STAR Market […] Read more
U.S. grains: Corn futures retreat on profit-taking
Corn still up 12 per cent on week; traders adjust positions before July 4 weekend
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures retreated on profit-taking on Friday, while soybean futures extended gains fueled by lower-than-expected U.S. acreage estimates and dry weather in part of the Midwest, traders said. Corn pulled back after surging by the daily, exchange-imposed limit on Wednesday when the U.S. Department of Agriculture shocked […] Read more
A message from April Stewart, Country Guide's Associate Editor
