Brazil's drought is causing farmers there to delay fertilizer purchases for their upcoming corn-planting season, denting sales for global fertilizer suppliers in the world's top corn-exporting country, executives told Reuters.
Brazilian farmers slow fertilizer buys as drought dampens corn-planting plans
Fertilizer companies are already dealing with lower profits as prices sag
U.S. livestock: CME hogs, cattle close at highest levels since November
Gains in the stock market supported livestock futures, analyst says
Chicago | Reuters -- Chicago Mercantile Exchange hog and cattle futures closed at their highest levels since November on Friday as short covering lifted the livestock markets, traders said.
U.S. grains: Soy posts first weekly gain in 1-1/2 months
Traders waited to see whether beneficial rains will arrive in dry areas of Brazil
Chicago | Reuters -- U.S. soybean futures finished higher in the nearby contract and lower in deferred months on Friday as traders waited to see whether beneficial rains will arrive in dry areas of Brazil as expected.
Biden backs ethanol industry on low-emission aviation fuel tax credits
Aviation is seen as one of the few routes to increase ethanol demand amid rising electric vehicle sales
Reuters - The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby.
U.S. livestock: CME lean hogs jump following recent slide
Live cattle futures have bounced a bit after sinking last week to a 14-month low
Lean hog futures climbed at Chicago Mercantile Exchange on Thursday as the market rebounded from recent losses amid short covering and hopes that cash prices may have reached a bottom, analysts said.
U.S. grains: Soy futures rise amid US export demand
China may buy a couple more cargoes of U.S. soy for next-year delivery: analysts
Chicago | Reuters -- Chicago Board of Trade soybean futures settled higher on Thursday on steady U.S. export demand and weakness in the dollar, analysts said.
Bird flu spreads in Europe with a delay after warm autumn
Severe bird flu detected among Antarctic wild birds and mammals for first time
Paris | Reuters -- Bird flu is spreading fast in Europe but arrived later this year after a warm autumn delayed migration of wild birds, the main carriers of the virus that led to the death of millions of poultry in the past years, scientific agencies said on Thursday.
U.S. livestock: CME hogs decline further as cattle face renewed pressure
"I think we're still trying to hunt for a bottom": analyst
Chicago Mercantile Exchange lean hog futures extended a slump, as live cattle futures came under renewed pressure with broad selling hitting agricultural markets on Wednesday.
U.S. grains: Soybeans tumble on improving weather forecast for Brazil
Corn and wheat futures also traded lower
Chicago soybean futures sank for a second consecutive session on Wednesday as the prospect of rain in Brazil eased worries about drought damaging harvest prospects in the world's top exporter.
Argentina’s Milei to seek 15 per cent export tax hike on some grains: source
The new president pledged "shock" measures to fix the country's economic crisis
Argentina's new government of libertarian President Javier Milei will seek to raise export taxes to 15 per cent on some grains, though that would not impact tariffs on soy, an industry source told Reuters on Wednesday.