Chicago Board of Trade corn and soybean futures ticked higher in choppy trading on Wednesday, boosted by strength in the financial markets and as traders adjusted positions ahead of a government supply-and-demand report, market analysts said.
U.S. grains: Wheat up for third day, corn and soybean regain ground
U.S. livestock: Lean hog, cattle futures lower on profit-taking
Chicago Mercantile Exchange lean hog and cattle futures fell on Wednesday on signs of profit-taking, as wholesale prices continued to say firm and strength in the financial markets gave grain futures a boost, analysts said.
Florida fertilizer plants, grain mills close as Hurricane Milton nears
Fertilizer plants, livestock feed facilities and at least one large flour mill in Florida closed on Wednesday in preparation for Hurricane Milton's destructive winds, heavy rain and deadly storm surge.
California confirms third human case of bird flu, finds more possible cases
California reported a third human case of bird flu on Wednesday in a dairy worker who had contact with infected cattle and said the state identified two more possible cases in people.
Australia, New Zealand brace for looming bird flu threat
Australia and New Zealand are bracing for the arrival of a destructive bird flu strain by tightening biosecurity at farms, testing shore birds for disease, vaccinating vulnerable species and war-gaming response plans.
U.S. livestock: Lean hogs and cattle continue rally
Chicago Mercantile Exchange lean hog and cattle futures rose on Tuesday as wholesale cutout values remained strong amid a largely positive economic picture, analysts said.
U.S. grains: Soy, corn end lower on harvest pressure, expected Brazil rain
Chicago soybean and corn futures settled lower on Tuesday as brisk U.S. harvest progress and forecasts for rain in drought-hit Brazilian crop belts bolstered expectations of abundant global supplies, traders said.
EU deforestation law delay brings losses to most vigilant companies
Companies that have paid to source agricultural produce that complies with the European Union's anti-deforestation law would lose out if the EU decides to delay implementing the legislation by a year, industry groups and traders said.
Higher biodiesel mandates in Indonesia to curb palm oil supplies, analyst says
Decrease in available palm oil would be ‘catastrophic’ for global consumers, analyst says
Implementation of higher biodiesel mandates in Indonesia, the world's biggest palm oil producer, is likely to tighten supplies of the vegetable oil, a leading industry analyst said on Tuesday. Indonesia currently has a mandatory 35 per cent blend of palm oil-based fuel in biodiesel and is seeking to ramp up to biodiesel containing 40 per cent palm oil to cut its energy imports.
Canada posts sixth straight monthly trade deficit in August
Farm, fishing and intermediate food product exports rose
Canada recorded a bigger-than-expected trade deficit of C$1.1 billion in August, its sixth consecutive monthly shortfall, as imports rose while exports declined, Statistics Canada data showed on Tuesday.