Reading Time: 2 minutes Chicago Mercantile Exchange live cattle futures closed higher for a second session on Wednesday, supported by strong wholesale beef prices and light technical trading ahead of the U.S. July Fourth holiday, traders said.
U.S. livestock: Cattle futures end higher in light pre-holiday trade
U.S. grains: Soybean futures recover from four-year low
Reading Time: 2 minutes Chicago Board of Trade soybean futures rose on short covering on Wednesday after nearing a four-year low this week on concerns about large supplies and lackluster U.S. export demand, analysts said.
CBOT Weekly: Still at the behest of the weather
Reading Time: < 1 minute United States corn and soybean crops continued to remain at whatever whims the weather brings, according to John Weyer of Walsh Commercial Hedging Services in Chicago.
Colorado reports human case of bird flu
Dairy farm worker had mild symptoms and recovered after antiviral treatment
Reading Time: < 1 minute Public health officials in Colorado on Wednesday announced an adult man had tested positive for avian flu after reporting mild symptoms, including conjunctivitis, or pink eye.
Brazil pushing towards wheat self-sufficiency
Reading Time: 2 minutes The USDA attaché in the country’s capital of Brasilia said the expansion of wheat will include cultivating “tropical wheat” in the savanna-like region in central Brazil known as the Cerrado biome. These varieties of tropical wheat are reported to be better resistant to dry weather.
U.S. grains: Corn, soy futures rise on technical trading, weather questions
Reading Time: 2 minutes Chicago corn futures extended gains on Tuesday on short-covering and U.S. crop condition questions, while soybean prices also turned higher on technical trading and unfavorable weather in some soybean growing areas of the central U.S., traders said.
U.S. pulse area tops early intentions
Reading Time: < 1 minute Farmers in the United States planted considerably more pulse crops in 2024 than originally projected, according to updated acreage data from the U.S. Department of Agriculture released June 28.
Increased soybean output to come for Brazil
Reading Time: < 1 minute Ahead of the July supply and demand report from the United States Department of Agriculture, its attaché in Brasilia projected larger soybean production in 2024/25. However, the attaché pegged their soybean estimates below the USDA’s official numbers.
U.S. grains: Corn tumbles to contract lows on additional US corn acres
Reading Time: 2 minutes Chicago September corn CU24 plunged on Friday to contract lows after U.S. Department of Agriculture data showed far more acres planted with the grain than expected due to favorable spring weather.
U.S. corn acres, grain stocks higher than expected
Reading Time: 2 minutes The planted area for U.S. corn in 2024 was determined to be 91.5 million acres, greater than the March USDA estimate of 90.04 million as well as the trade’s average guess of 90.35 million. However, the figure was nowhere close to last year’s acreage total of 94.64 million. After the release of the report, corn prices at the Chicago Board of Trade (CBOT) reacted bearishly with contracts losing more than 20 U.S. cents per bushel.
A message from April Stewart, Country Guide's Associate Editor
