Reuters — Global chemicals and crop seeds company BASF is halting development of hybrid wheat in North America after results of seed trials failed to reach development goals, the company told Reuters on Wednesday. BASF will instead focus development of the new type of wheat in European markets, aiming to launch the technology there “toward […] Read more
BASF halting hybrid wheat seed development in North America
Results 'have not achieved development goals we set'
U.S. livestock: CME live cattle end firm on tight supplies, lower weights
Hogs mixed on weak cash prices, higher cutout
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mostly firm on Friday, underpinned by tight supplies and as harsh winter weather in recent weeks lowered cattle slaughter weights and limited beef production, traders said. Live cattle futures prices remained bound in a recent trading range as cash cattle prices at Plains feedlot […] Read more
U.S. grains: Soy, corn rise on smaller U.S. harvest, Argentina drought worries
U.S. markets closed Monday for Martin Luther King Jr. Day
Chicago | Reuters — U.S. soybean futures climbed for a third straight day on Friday and corn scaled to a 1-1/2 week top on follow-through buying after bullish U.S. Department of Agriculture (USDA) crop data the prior day and concerns about poor South American weather. Both markets gained more than two per cent since USDA […] Read more
U.S. livestock: CME lean hogs end mixed, cattle mostly lower
Corn's rally put pressure on feeder cattle futures
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures ended mixed on Thursday, with actively traded nearby months down on weak pork prices and dull demand, while deferred contracts rose on expectations for tighter supplies in coming months, traders said. The February hog contract was down for the 10th time in 11 sessions and […] Read more
U.S. grains: Corn, soybeans surge after USDA cuts 2022 harvest view
Brazil's CONAB projects big corn crop, record soy crop
Chicago | Reuters — U.S. corn and soybean futures rallied on Thursday after the U.S. Department of Agriculture (USDA) unexpectedly cut its 2022 harvest estimates for both crops, which would mean smaller-than-expected supplies. Wheat futures gained on spillover support from rising corn and soy. Traders largely shrugged off USDA’s larger-than-anticipated winter wheat crop acreage estimate […] Read more
U.S. grains: Futures firm ahead of USDA crop data
Wheat up on technicals, short covering; corn mixed, soybeans firm on Argentine drought concerns
Chicago | Reuters — U.S. wheat futures firmed on Wednesday as a drop to 15-month lows in the previous session sparked technical buying and short covering, and as traders took positions ahead of key U.S. government crop reports, traders said. Corn was mixed and soybeans edged higher, underpinned by concerns about weather-reduced crops in South […] Read more
U.S. livestock: CME hogs drop as pork cutout sinks to near two-year low
Cattle futures also follow beef values lower
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Wednesday for the ninth time in 10 sessions as weak cash hog prices and lower pork values dragged the market to a fresh three-month low, traders said. Pork packer margins have eroded and the closely followed cash wholesale pork cutout value fell on […] Read more
U.S. livestock: CME hogs sink to three-month low on weak pork prices
Live cattle steady to higher
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell on Tuesday for the eighth time in nine sessions on concerns about pork demand and slumping pork prices, traders said. The actively traded February lean hog contract dropped to a three-month low as packer margins eroded and the pork cutout price slid to the […] Read more
U.S. grains: Corn up off three-week lows on technicals, Argentine drought
Wheat sinks to 15-month low on weak U.S. exports; soybeans also down
Chicago | Reuters — U.S. corn futures ended mixed on Tuesday after a technical and bargain-buying bounce from three-week lows faded as dull demand for U.S. exports overshadowed concerns about Argentina’s drought-reduced harvest. Soybeans ended mostly lower while wheat fell to its lowest in 15 months on good global supplies and weak demand for U.S. […] Read more
U.S. livestock: CME hogs up off three-month low on bargain buying
Chicago cattle futures also gain
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures bounced from a three-month low on Monday and settled higher for the first time in eight sessions in a technical and bargain-buying rally to start the first full trading week of the year. Cattle futures also gained on improved packer demand following recent weeks of […] Read more
Cyber-Savvy Farmer
