Chicago Mercantile Exchange cattle futures turned lower on profit-taking on Wednesday, even as rising wholesale beef prices and a firming cash market continued to offer support to the market, traders said.
U.S. livestock: Cattle futures lower, hogs mixed on technical trading
Traders expect this week's prices in cash market to be higher than last week
US court cancels approvals for widely used dicamba weedkillers
EPA violated procedures mandating public input, judge rules
A U.S. court has nullified the government's latest approvals of certain agricultural weedkillers sold by Bayer, BASF and Syngenta, fueling uncertainty among farmers who spray the products on soybeans and cotton genetically engineered to resist them.
Louis Dreyfus plans pea protein plant in Sask
Company also plans to double oilseed crushing capacity at Yorkton site
Louis Dreyfus Company will build a pea protein production facility in Saskatchewan as it invests in plant-based protein as part of a push to diversify its agricultural commodity activities.
U.S. grains: Soybeans firm on bargain-buying ahead of USDA report
Wheat futures rose while corn ended lower on forecasts for rain in Argentina
U.S. soybean futures firmed on Tuesday for a second straight session as short-covering and technical-buying fueled a bounce from multi-year lows a day earlier, though concerns about weak demand limited gains.
EU recommends ambitious 2040 climate target, goes light on farming
In face of farmer protests, EU weakens some recommendations related to agriculture
The European Commission recommended on Tuesday that the EU slash net greenhouse gas emissions by 90 per cent by 2040, an ambitious target that will test political appetite for the region's fight against climate change ahead of EU elections.
U.S. grains: Soybeans move higher on technical trading ahead of government reports
Strong dollar weighed heavy on wheat; corn pressured by sluggish exports
Chicago Board of Trade soybeans futures on Monday rose on technical trading ahead of a slew of key government crop reports, after the most-active contract Sv1 touched the lowest price since December of 2020, traders said.
U.S. livestock: CME cattle futures turn lower on profit-taking
Lean hogs also turn lower after recent rally faced fundamental resistance
Chicago Mercantile Exchange cattle futures ended the day lower on Monday, as market participants sought to take profits after live cattle futures hit a nearly three-month high in the previous session, traders said.
Italy’s farmers head to Rome in tractor convoy protest
Protests in France, Germany eased; farmers blocked Dutch-Belgian border
Italian farmers protesting about red tape and cheap imports from outside the EU headed towards Rome in convoys of tractors on Monday, while their colleagues in the north led a cow through the streets of Milan.
Ukraine’s farm unions ask government to protect free EU market access
The European Commission has proposed limited Ukrainian imports to pacify protesting farmers
Ukrainian agrarian unions have asked the government to do everything possible to maintain free access to the European market for their food products, the UCAB association said on Monday.
Farmers block Dutch-Belgian border as anger spreads across Europe
Polish farmers threaten closure of Ukraine border; France promises more farm measures
Farmers blocked the Dutch-Belgian border on Friday and occupied roads in Greece while their Polish peers announced plans to shut border crossings with Ukraine as protests for fairer prices and less red tape spread across Europe.