Chicago Board of Trade (CBOT) soybean futures turned higher on Friday on signs of bargain buying and short-covering, after hitting three-year lows the previous day, although sluggish exports and hefty global supplies continue to weigh on prices, traders said.
U.S. grains: Soybeans off 3-year low, but gain limited by global supplies
Slowing Chinese demand also weighs on prices
Only grain ships from Black Sea and for Iran still crossing Red Sea, analysts say
Houthi attacks have disrupted global shipping since November, forcing ships to re-route
Grain ships originating from the Black Sea or bound for Iran are about the only ones still sailing through the Red Sea as Houthi militants continue to attack vessels in the area, analysts said on Friday.
Polish farmers take grain protests to Lithuanian border
Farmers continue to protest against what they say is unfair competition from outside the EU
Polish farmers protested on the border with Lithuania on Friday against what they say are imports of Ukrainian grain through the Baltic country, something the Lithuanian officials deny.
U.S. livestock: Cattle futures continue to slide on profit-taking
Traders weigh potential impacts of Texas Panhandle wildfire's effects on cattle supply
Chicago Mercantile Exchange feeder cattle futures fell again on Thursday, amid ongoing profit-taking as some market participants sought cover as cash prices continue to stay firm, traders said.
U.S. grains: Soybeans dip to new 3-year low in volatile trading day
Weekly soybean exports on lower end of expectations -USDA
Chicago Board of Trade soybean futures dipped on Thursday to a new three-year low, pressured by improving South American weather, tepid U.S. export sales and heavier-than-expected contract deliveries, traders said.
Companies in Ukraine see problems pile up, but most tough it out
Blockades, capital controls, insurance costs weigh on companies
German supermarket chain Metro and its 3,400 employees in Ukraine have worked hard to get their business back to where it was before Russia's full-scale invasion two years ago.
Poland may ban Russian agricultural imports, says PM Tusk
Latvia has already implemented a ban
Poland doesn't rule out introducing a ban on agricultural products from Russia, the prime minister said on Thursday during a visit to Warsaw by his counterpart from Latvia, which has already implemented such a ban.
U.S. livestock: CME feeder cattle slide on profit-taking
June hogs set highest price in nearly a year
Chicago Mercantile Exchange feeder cattle futures crumbled on Wednesday on profit-taking after the market reached a four-month high this week, analysts said.
U.S. grains: Soybean futures rise from three-year low
Corn extends recovery; wheat futures fell
Chicago Board of Trade soybean futures settled higher on short-covering and technical buying on Wednesday as the market rebounded after the front-month contract matched a three-year low, analysts said.
New York sues meatpacking giant JBS over climate claims
Attorney general calls company's emissions goals 'infeasible'
JBS, the world's largest beef producer, was sued on Wednesday by New York state's attorney general, which accused it of misleading the public about its impact on the environment in order to boost sales.
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