The International Grains Council (IGC) has cut its forecast for 2024/25 global corn production, largely reflecting a diminished outlook for crops in Brazil and Argentina.
IGC trims global corn crop forecast as South America outlook cut
U.S. livestock: CME lean hog futures fall on profit-taking
Chicago Mercantile Exchange lean hog futures dropped on Wednesday, as traders booked profits following recent gains and as pork cutout prices tumbled.
U.S. grains: Corn futures pull back from 16-month high
Chicago Board of Trade corn futures pulled back from a 16-month high on Wednesday as traders booked profits and anticipated that recent gains will drive bigger U.S. plantings this spring.
Brazil 2024/25 soy forecast cut due to drought during crop tour
Brazilian soybean farmers will reap 171.3 million metric tons of soybeans in the 2024/25 season, less than the 172.4 million tons forecast in January, agribusiness consultancy Agroconsult said on Wednesday after inspecting about half of the fields in a nationwide crop tour.
Turkey to export 15,000 tonnes of eggs to US amid bird flu disruptions
Turkey has begun exporting around 15,000 tonnes of eggs to the United States, where an ongoing outbreak of bird flu disrupted supply, sent prices soaring and led to talks with other producers, a leading sector official said on Wednesday.
U.S. grains: Corn futures hit 16-month high above $5 a bushel
Chicago Board of Trade corn futures reached a 16-month high above $5 a bushel on Tuesday on robust U.S. export demand and expectations that inventories may tighten, analysts said.
USDA will not ban cattle imports from Mexico over latest screwworm case, agency says
The U.S. Department of Agriculture will not restrict cattle imports from Mexico after another discovery of a damaging pest called New World screwworm in a cow south of the border, the agency said on Tuesday.
Canada reports outbreak of H5N5 bird flu on backyard farm
Canada has reported an outbreak of highly pathogenic H5N5 avian influenza on a non-commercial backyard layer poultry farm in the eastern part of the country, the World Organization for Animal Health said on Tuesday.
EU plans to restrict imported crops treated with banned pesticides, draft shows
The European Union is planning tougher restrictions on imported crops treated with pesticides banned in Europe, a draft European Commission document showed, a move that would impact suppliers including the U.S.
U.S. grains: Chicago wheat hits four-month high as cold threatens Russia, US crops
Chicago Board of Trade wheat futures Wv1 soared on Friday to their highest price since October, and analysts said support from blistering cold weather in the Black Sea and U.S. Plains regions prompted short covering.
Cyber-Savvy Farmer
