Deere has trimmed its annual profit forecast for the second time, squeezed by slumping demand for tractors and combines as falling crop prices pressure farm income.
Deere cuts 2024 profit forecast as sliding farm income stifles demand
Argentina’s Bioceres makes world’s first sales of genetically modified wheat seeds
Bioceres Crop Solutions has begun sales of genetically modified (GM) wheat seeds in Argentina, the first time the technology has been commercially available to farmers anywhere in the world, CEO Federico Trucco said on Wednesday.
U.S. grains: CBOT soybeans slip as US crush hit 7-month low in April
Chicago Board of Trade soybean futures ticked down on Wednesday, after the National Oilseed Processors Association (NOPA) reported that U.S. crushing plunged in April to a seven-month low.
U.S. livestock: Cattle futures firm on strong demand, rising beef prices
Chicago Mercantile Exchange live cattle futures firmed for a second straight day on Wednesday as rising beef prices and strong packer demand ahead of the Memorial Day holiday weekend supported the market, analysts said.
Unclear when tight US cattle supplies will expand, Tyson CEO says
Tyson Foods cannot predict exactly when U.S. ranchers will start rebuilding the cattle herd in a meaningful way, CEO Donnie King said on Wednesday, as tight supplies squeeze the meatpacker's beef business.
U.S. livestock: Cattle futures shoot higher on rising boxed beef prices
Chicago Mercantile Exchange live cattle and feeder cattle futures rallied on Tuesday as soaring boxed beef prices fueled hopes for increased demand, analysts said.
U.S. grains: Soy falls as cooking oil imports excluded from China tariffs
Chicago Board of Trade soybean futures dipped on Tuesday as analysts said the market was disappointed that U.S. President Joe Biden's administration did not include used cooking oil on a list of tariff increases on Chinese goods.
U.S. livestock: Live cattle retreat on heavy supplies, weak cash market
Chicago Mercantile Exchange (CME) live cattle futures eased on Monday on ample supplies of market-ready cattle and expectations for flat to lower cash cattle sales this week, traders and analysts said.
U.S. grains: Chicago wheat hits 9-month highs on Russian crop losses
Chicago Board of Trade wheat futures rose on Monday, hitting nine-month highs on worries about crop losses in top-exporter Russia after multiple nights of frosty weather in key regions.
Alberta urges Trudeau to head off port and rail strikes
Alberta Premier Danielle Smith is urging Prime Minister Justin Trudeau to do all he can to head off potentially devastating strikes by railway and port workers.
Cyber-Savvy Farmer
