Corn and soybean growing weather in the U.S. Midwest this week will not be ideal, but overall it should be satisfactory in most key acreage areas, agricultural meteorologists said on Monday. • Global Weather Monitoring said the forecasts were not perfect for crop-growing conditions but it also will not be ultra hot or dry. • […] Read more
U.S. crop weather not picture-perfect, but pretty good
CEO says half Smithfield’s U.S. pork will soon be off ractopamine
Smithfield Foods, the world’s largest pork producer, said Tuesday it will soon raise half of its hogs on feed that does not contain the additive ractopamine, a lean-muscle-promoting drug that has been banned in China and Russia. Two Smithfield plants, which handle 43,000 hogs a day or about 10 per cent of the U.S. industry, […] Read more
Flooding, barge accidents halt Mississippi River traffic
Barge shipping on the Illinois River and parts of the Mississippi River was at a standstill on Monday as flooding forced the closure of numerous locks and as crews worked to recover dozens of barges that broke free in flood-swollen currents. The U.S. Coast Guard closed the Mississippi between river mile markers 155 and 170 […] Read more
Meat packer JBS to buy Brazil poultry producer
Brazil’s JBS SA, the world’s largest beef producer, said on Monday it signed a deal to buy local poultry processor Agroveneto for 128 million reais ($63 million) just months after its first move into the Brazilian poultry sector. JBS said in a statement that it would acquire Agroveneto, which specializes in ground poultry meat and is […] Read more
CBOT wheat, corn, and soy end lower
Chicago Board of Trade wheat futures fell, weighed down by a firm dollar that dampens investors’ enthusiasm for risky assets such as commodities, traders said. The declines were limited as the benchmark CBOT December wheat contract found support near its 100-day moving average of $8.62. For the week, CBOT December wheat rose 0.4 per cent. […] Read more
Lot of work left on Canada-EU trade deal, both sides say
Canada and the European Union still have plenty of work to do on a proposed free trade treaty that is supposed to be finished by the end of the year, officials from both sides said on Thursday.Canada, keen to diversify its exports away from the United States, says a deal with the European Union would […] Read more
Corn hits one-week high on export prospects, technicals
Corn prices rose to a one-week high on Wednesday on a mix of technical buying and prospects for improved U.S. export demand as old-crop supplies from South America dwindle, analysts said. Wheat advanced, halting a four-day sell-off, and soybeans rose for a second day, joining a broad rally in commodities tied in part to end-of-the-month […] Read more
U.S. spring wheat protein premiums rebound
Growing export demand have helped reverse what had been a historic discount between hard red spring wheat with 15 per cent protein and the lower grades, trade sources said. The biggest U.S. spring wheat crop in two years and the second straight year with above-average protein content led to an "inversion" in the closely-watched protein […] Read more
CBOT corn, and soy end higher; wheat ends lower
U.S. wheat futures dipped on Tuesday,pressured by poor export demand for U.S. supplies, traders said. The benchmark Chicago Board of Trade December soft red winter wheat contract ended 1/2 cent lower at $8.57-1/2 a bushel. CBOT wheat has fallen for four days in a row but prices for the December contract found support at its […] Read more
Grains – soybeans fall on Brazil weather; U.S.. hurricane eyed
U.S. soybean futures fell two per cent on Monday and appear headed for their biggest daily slide in almost a month due to long liquidation prompted by crop-friendly weather forecasts for top producer Brazil and by concerns of Hurricane Sandy’s impact on the U.S. financial sector. The sell-off in soybeans pulled down wheat and corn, […] Read more
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