Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit a three-week high on Tuesday on sinking corn feed prices and concerns that hot, dry weather at central and southern Plains feedlots will continue to shrink livestock supplies, traders said. Technical buying further fueled the gains as cattle markets advanced despite broad-based selling across […] Read more
U.S. livestock: CME live cattle reach three-week peak
Lean hogs mixed; U.S. Plains heat wave looms
U.S. grains: Futures plunge after USDA raises supply outlook, trims some demand
Larger corn, soybean supplies in forecast
Chicago | Reuters — U.S. grain and soybean futures fell sharply on Tuesday after the U.S. Department of Agriculture (USDA) boosted key crop supply forecasts and scaled back some demand expectations in a monthly report. Benchmark corn, soy and wheat futures all retreated back to pre-Ukraine war levels as soaring costs since Russia’s invasion and […] Read more
U.S. grains: Soy, corn firm on weather worries
CBOT wheat drops; grain traders also positioning ahead of Tuesday's USDA report
Chicago | Reuters — U.S. corn and soybean futures climbed on Monday on forecasts for hot, dry conditions across the Midwest farm belt as well as technical buying and positioning ahead of Tuesday’s monthly U.S. Department of Agriculture (USDA) supply-and-demand reports. The market eased from overnight highs, however, as updated weather models appeared slightly less […] Read more
U.S. livestock: CME live cattle jump on cash market premiums
Feeder cattle firm, lean hogs mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts firmed on Monday on technical buying and support from the premium of cash market prices to the actively traded front-month futures contract. Live cattle drew further support from firm beef prices and gains in feeder cattle futures. “Live cattle were up on the strong cash […] Read more
U.S. grains: Soybeans end mostly lower, grains plunge after USDA acres data
Chicago | Reuters – U.S. soybean futures closed mostly lower on Thursday as midsession support from a lower-than-expected U.S. crop acreage estimate and tightening stocks was eclipsed by broader economic concerns as equities and energy markets retreated. Soy had traded higher after the U.S. Department of Agriculture (USDA) said American farmers planted fewer acres this […] Read more
Indigo Ag to roll out first tranche of farm soil carbon credits
Chicago | Reuters – U.S. farm technology firm Indigo Agriculture on Wednesday said its carbon farming program has produced 20,000 tonnes in soil carbon credits that it will sell as emissions offsets to buyers including JPMorgan Chase JPM.N, Barclays BARC.L and The North Face. They are the first agricultural soil carbon credits to be verified […] Read more
ADM, Bunge expected to post strong results as Ukraine war ignites demand
Chicago | Reuters – A string of strong quarterly profits by global agribusinesses Archer-Daniels-Midland Co ADM.N and Bunge Ltd BG.N likely continued in the first quarter despite surging crop costs and global supply chain disruptions triggered by Russia’s invasion of Ukraine, analysts said ahead of earnings releases this week. Both companies capitalized on good oilseed […] Read more
Farmers test microbes to nourish crops as climate pressure grows, costs rise
Soil biologicals are getting a lot of attention and research money
Tech companies are raising hundreds of millions of dollars, including backing from agriculture heavyweights like Bayer AG, to develop farm products that use living things like microbes and seaweed to nourish crops and lessen the need for synthetic fertilizer. Microbes, including fungi and viruses, have been available for decades as treatments to protect plants from […] Read more
Bunge says sanctions may have ‘adverse effect’ on Russian operations
Reuters — Global agricultural commodities trader Bunge said continued conflict in Ukraine and stinging sanctions on Russia could have an “adverse effect” on its operations in the breadbasket region. Bunge and rival agribusinesses ADM and Cargill suspended operations in Ukraine last week after Russia invaded its neighbour. But none have stopped their business in Russia […] Read more
U.S. grains: Wheat limit down as Ukraine conflict assessed
Corn off eight-month peak, soybeans off 9-1/2-year top
Chicago | Reuters — U.S. wheat futures tumbled on Friday in a profit-taking setback after peaking earlier at the highest level since mid-2008 as investors turned back to equities and traders assessed potential disruption to supplies from Russia’s invasion of Ukraine. Corn eased from Thursday’s eight-month peak, while soybeans slipped from a 9-1/2-year top in […] Read more
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