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(USDA.gov via Flickr)
Crops, Reuters

Trump leaning toward Georgia ex-governor to lead USDA

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Reading Time: < 1 minute Washington | Reuters — Former Georgia Governor Sonny Perdue is U.S. Republican President-elect Donald Trump’s leading candidate to run the U.S. Department of Agriculture, a senior Trump transition team official said on Monday. Perdue, a Democrat-turned-Republican who founded a grain and fertilizer business, served on Trump’s agricultural advisory committee during his presidential campaign. The official […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola chops around waiting for New Year

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Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts chopped around major support during the week ended Wednesday, as steady demand was countered by large supplies of oilseeds. Most traders rolled out of the January contract and into March, a move evidenced by the massive volumes on Monday and Tuesday. “People holding contracts may get nervous; […] Read more
(Lisa Guenther photo)
Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Soy, corn watch South American weather

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Reading Time: < 1 minute CNS Canada — Soybean futures at the Chicago Board of Trade moved lower during the week ended Wednesday, while corn held steady, with South American weather conditions expected to provide much of the direction going forward. “We’re pretty much trading one weather report at a time,” said Sean Lusk, director of commercial hedging with Walsh […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Fund buying drives CME live cattle higher

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Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday gained for a second day in a row on fund buying and higher wholesale beef prices, traders said. December live cattle closed up 0.775 cent/lb. to 111.125 cents (all figures US$). February ended 1.025 cents higher at 113.975 cents. “Most certainly fuelled by […] Read more
Crops, Markets, Reuters

U.S. grains: Soy, corn jump on Argentine dryness

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures rose one per cent on Friday, buoyed by technical buying and concerns over dry growing conditions in Argentina in the wake of U.S. Department of Agriculture crop data at midday that was deemed neutral, traders said. Wheat futures also rallied at the Chicago Board of Trade, […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans down on profit-taking before USDA data

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dropped two per cent on Thursday, the steepest decline in 2-1/2 months, on profit-taking tied to lower veg oil prices and extended weather outlooks for rainfall in Argentina, traders and analysts said. U.S. President-elect Donald Trump’s nomination of Oklahoma Attorney General Scott Pruitt to run the nation’s Environmental […] Read more
(CMEGroup.com)
Livestock, Markets, Reuters

U.S. livestock: Higher cash, pork prices extend hogs’ rally

Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures gained for a third straight day on Wednesday, led by upward-trending cash and wholesale pork prices, said traders. December hogs closed up 1.325 cents/lb. at 54.7 cents (all figures US$). Most actively traded February ended 2.275 cents/lb. higher at 59.75 cents. Packers are content to […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Wheat, corn sag on ample supplies

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Reading Time: 2 minutes Chicago | Reuters — U.S. wheat and corn futures fell on Wednesday, pressured by plentiful world feedgrain supplies and profit-taking following light rallies a day earlier, traders said. Soybean futures ended modestly higher after a choppy session, supported by fresh export demand for U.S. soy and worries about South American crop weather. Chicago Board of […] Read more

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