Reading Time: < 1 minute Reuters — U.S. food and feed exporters are shipping goods to China with letters assuring the safety of their cargo in lieu of official declarations requested by Chinese authorities that guarantee coronavirus-free shipments, a U.S. agricultural export group said on Friday. The commitment statements, drafted by the Agriculture Transportation Coalition (AgTC), are meant only to […] Read more
Author Archives
Food exporters sign safety declarations in lieu of virus-free guarantees
U.S. livestock: Hogs tumble on bigger-than-expected supply, economic concerns
Rising COVID-19 counts raise fears for beef demand
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures plunged by as much as the daily trading limit on Friday and ended sharply lower after the U.S. Department of Agriculture (USDA) estimated supplies above already-high trade expectations. Economic concerns amid rising novel coronavirus infections added pressure to hogs and also dragged down cattle futures, which finished […] Read more
U.S. grains: Corn, soybeans sink on Midwest weather
Wheat plunges on technical selling, harvest pressure
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell for a fifth straight session on Friday on crop boosting rains across the Midwest and positioning ahead of government reports on U.S. plantings and stocks due next week. Wheat futures tumbled to contract lows, with soft red winter wheat hitting its lowest in nearly 10 […] Read more
U.S. livestock: Hogs mostly higher ahead of USDA inventory data
CME feeder cattle firm up on lower corn prices
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures were mostly higher on Thursday, lifted by firmer cash hog markets and position squaring ahead of a quarterly hog inventory report that was released after the close. Futures have been sliding for most of the past two months as hog supplies swelled due to numerous packing plant […] Read more
U.S. grains: Corn drops to six-week low
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures tumbled to the lowest in six weeks on Thursday and soybeans fell for a fourth straight day as forecasts for crop boosting rains across the U.S. Midwest reinforced prospects for bumper crops this year. Technical selling as futures fell below recent lows added pressure, sending some new-crop corn […] Read more
U.S. grains: Soy, corn slump on crop weather, economic concerns
U.S. Midwest sees generally mild temperatures
Reading Time: < 1 minute Chicago | Reuters — U.S. soybean futures eased for a third straight session on Wednesday and corn futures were mostly lower as forecasts for rains and limited crop-stressing heat across the Midwest farm belt bolstered production prospects. Weak outside markets also hung over grain futures, with equities and crude oil posting steep losses as rising […] Read more
U.S. livestock: Cattle, hog futures down on big supplies, economic jitters
Surge in U.S. COVID-19 cases rattles Wall Street
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures eased on Wednesday and hog futures were mostly lower on ample livestock supplies and concerns about rising coronavirus infections and their negative impact on the economy. Wall Street’s three major indexes tumbled on Wednesday and crude oil plunged more than five per cent as a surge in U.S. […] Read more
U.S. livestock: Futures rise as frozen meat stocks decline
Exporters drew down stored supplies during packer slowdowns
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle and hog futures firmed on Tuesday following two sessions of declines after U.S. Department of Agriculture (USDA) data showed a larger-than-anticipated decline in cold-storage stocks of pork and beef. The USDA stocks report, released after the close on Monday, showed a record-large drop in U.S. frozen pork inventories in […] Read more
U.S. grains: Corn drops to three-week low
Soybeans ease despite crop rating fall as China news weighed
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell for a second straight session on Tuesday and touched a three-week low on an unexpected rise in government crop condition ratings and favorable U.S. Midwest weather that was seen bolstering the recently planted crop. Soybean prices also eased, despite a decline in the U.S. Department of Agriculture’s […] Read more
U.S. livestock: Hog futures drop as China tightens food import restrictions
USDA report bearish on cattle futures
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures retreated on Monday, with actively traded nearby contracts sinking more than three per cent and hitting life-of-contract lows amid worries about pork exports to China, which has stepped up oversight of imported goods due to COVID-19. China’s customs authority said on Sunday it had suspended poultry imports […] Read more
Sign up now for the FREE Farmtario eNewsletter, your daily Ontario farm and production news delivered to your inbox and you will be automatically entered to WIN a New Holland Compact Tractor PLUS Mower!