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Karl Plume


Stories by Karl Plume

CME October 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle ease on weak cash market

Lean hog futures mostly higher

By Karl Plume July 6, 2023
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures declined on Thursday as a weak tone to the cash market and worries about slowing beef demand weighed on prices, […] Read more

CBOT September 2023 soft red winter wheat with 20-day moving average, MGEX September 2023 hard red spring wheat (yellow line) and K.C. September 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat surges on slow harvesting, poor crop conditions

Corn hits 2-1/2-year low and ends mixed, soy mostly firm

By Karl Plume July 5, 2023
Chicago | Reuters — U.S. wheat futures surged on Wednesday as slow winter wheat harvesting and deteriorating spring crop conditions fuelled buying and short covering that lifted prices from 2-1/2-week […] Read more


CBOT September 2023 soft red winter wheat with 200-day moving average, MGEX September 2023 hard red spring wheat (yellow line) and K.C. September 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat retreats after Russia worries lift market

Wheat down off four-month peak; corn and soybeans also retreat

By Karl Plume June 27, 2023
Chicago | Reuters — Chicago wheat futures declined on Monday in a technical and profit-taking retreat after concerns about political stability in major exporter Russia had lifted prices earlier to […] Read more

CME August 2023 live cattle with 20- and 100-day moving averages and October 2023 live cattle (black line). (Barchart)
Livestock, Markets

U.S. livestock: Live cattle weak on large May placements

Slowing beef demand also a factor

By Karl Plume June 27, 2023
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended flat to lower on Monday on larger-than-expected feedlot placements in May and expectations for slower demand for beef for […] Read more

Viterra’s oilseed crush plant at Becancour, Que. (Viterra.com)
Crops, Machinery, Markets

Bunge deal for Viterra to boost oilseed dominance, renewable diesel potential

Canada's Competition Bureau pledges to review deal

By Karl Plume, Rod Nickel June 14, 2023
Chicago | Reuters — Bunge’s planned acquisition of Viterra would make the world’s biggest oilseed crusher even more dominant and secure a larger role in the expanding renewable diesel industry, […] Read more


J.P. Morgan’s estimate puts the market cap of a combined Bunge and Viterra at around US$25 billion.
Crops, Markets

Bunge, Viterra merger would create global ag trading giant

Companies have some overlap in Canadian crushing

By Karl Plume June 1, 2023
Reuters — A merger of U.S. grains merchant Bunge Ltd. with rival Viterra would grow the combined entity’s businesses in the U.S., Brazil and Australia and may raise competition concerns […] Read more

CBOT July 2023 soft red winter wheat with 20-day moving average, Minneapolis July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat futures sink on rains, global supplies

U.S. winter wheat conditions likely improved in past week

By Karl Plume May 1, 2023
Chicago | Reuters — U.S. wheat futures tumbled to fresh lows on Monday on ample world supplies, sluggish U.S. export demand and beneficial rains in key production areas of the […] Read more

The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Crops, Markets

U.S. farmers aim to plant more corn, soy in 2023, but delays likely

By Karl Plume March 31, 2023
Chicago | Reuters — U.S. farmers are aiming to expand plantings of corn, wheat and soybeans this year, the U.S. Department of Agriculture (USDA) said in a prospective plantings report […] Read more


(Dave Bedard photo)
Crops

Cargill plans to halt grain export activities in Russia

Viterra also set to halt grain trading in Russia, sources say

By Karl Plume, Olga Popova March 29, 2023
Moscow/Chicago | Reuters — Cargill said Wednesday it would take a further step back from the Russian market by stopping handling Russian grain from its export terminal from July, although […] Read more

(BASF.com)
Crops

BASF halting hybrid wheat seed development in North America

Results 'have not achieved development goals we set'

By Karl Plume March 2, 2023
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 […] Read more

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