Chicago | Reuters — Chicago wheat and corn futures dipped on Thursday on technical trading after surging to June highs this week. Wheat had climbed to a 3-1/2-month peak as traders monitored drought in the important Black Sea region and signs of possible Russian export caps. Corn exceeded a three-month peak on Wednesday, underpinned by […] Read more
U.S. grains: Grains, soybeans ease after rallies on weather and Middle East instability
Ukraine farm sector indirect losses may reach $83B due to Russian invasion, analysts say
Indirect losses in Ukraine's key agricultural sector caused by the Russian invasion could reach $83 billion by the end of 2025, mainly due to falling harvests, the Kyiv School of Economics (KSE) said on Thursday.
Montreal port says strike by workers is over, clients can expect delays
A three-day strike by unionized Montreal port workers that shut down two container traffic terminals ended early on Thursday as scheduled.
U.S. grains: Wheat extends rally with weather, war risks in focus
Chicago Board of Trade wheat futures rose further on Wednesday, setting a new 3-1/2-month high, as concern grew about drought in Russia while a drone attack on a Ukrainian river port kept attention on war risks.
U.S. livestock: Cattle, lean hogs futures rally on technical buying
Chicago Mercantile Exchange livestock futures firmed on Wednesday, as technical buying sent lean hog contracts higher and cash market prices staying firm giving cattle futures a boost, market analysts said.
US port strike disrupts hamburger supplies, frozen seafood
Beef sector could see ripple effects if strike lasts more than a week, industry says
Dockworkers striking at U.S. East Coast and Gulf Coast ports are preventing imports of beef that restaurants and retailers increasingly rely on to make hamburgers due to limited domestic supplies, traders and industry members said.
EU proposes to delay landmark anti-deforestation law by 12 months
Law would ban the import of commodities linked to deforestation
The European Commission said on Wednesday it would propose to delay implementation of its flagship law banning the import of commodities linked to deforestation by a year, following calls from industries and governments around the world.
Packaged food giant Conagra Brands’ quarterly results miss on weak demand
Packaged food giant Conagra reported first-quarter results that missed Wall Street estimates as budget-conscious consumers prioritized spending on lower-priced alternatives over the company's higher-priced pantry staples, sending its shares down about seven per cent.
Russian drones attack port infrastructure, power substations in Ukraine
Russian drones overnight attacked port infrastructure in Ukraine's southern Odesa region, damaging a grain facility and buildings at a border crossing to Romania, as well as cutting power to thousands in the northern Sumy region, officials said.
White House sides with union as US dockworker strike enters second day
New York | Reuters — President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labour deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping. The strike by the International Longshoremen’s Association (ILA) union has blocked goods from food to […] Read more
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