Traders booked profits ahead of the weekend, after the markets previously found support from gains in equities and improved processor margins that should boost demand for slaughter-ready cattle. Beef processors were earning $54.30 for each head of cattle they slaughtered, after losing money on each animal just a month ago, HedgersEdge.com data shows.
U.S. livestock: Profit-taking pushes down CME cattle futures after gains
China’s carrot-and-stick tactics on EU nations start to pay off
China appears to allow no room for negotiations or concessions with Canada
Beijing, as a vote on EU duties on China-made electric vehicles looms, employed a carrot-and-stick approach to deal with the 27-strong bloc, but appears to have no concessions for Canadian canola.
EU allows member states to boost farmer payments after protests
European Union member states can increase the funds they pay to farmers, the European Commission said on Friday, after protests by farmers earlier in the year forced policymakers to scale back climate rules.
U.S. grains: Corn ends higher despite USDA raising US yield outlook
Chicago Board of Trade corn futures ended higher on Thursday, rebounding from a drop to near two-week lows after the U.S. Department of Agriculture (USDA) raised its estimate of the U.S. corn crop, traders said.
La Niña weather 71 per cent likely to develop in Sept-Nov, says US forecaster
There is a 71 per cent chance of La Niña weather conditions developing during the September to November period, a U.S. government forecaster said on Thursday.
Russian missile hit civilian ship carrying Ukrainian grain in Black Sea, Zelenskiy says
A Russian missile hit a civilian vessel carrying grain from Ukraine that had already left Ukrainian waters in the Black Sea, President Volodymyr Zelenskiy said on Thursday.
U.S. grains: Wheat climbs to one-week high; soy, corn firm ahead of USDA data
U.S. wheat futures hit a one-week high on Wednesday, supported by signs that supply pressure from the Black Sea export region may be easing, analysts said.
Louisiana energy hubs, crop exports disrupted ahead of Hurricane Francine
Energy production and agricultural exports out of the U.S. Gulf of Mexico were disrupted, and oil refineries in Louisiana slowed operations ahead of Hurricane Francine's landfall later on Wednesday, according to official and operator reports.
U.S. livestock: Live cattle futures end lower in consolidation
Chicago Mercantile Exchange live cattle futures closed lower on Tuesday, consolidating after Monday's bounce, while feeder cattle futures firmed as corn prices declined, signaling cheaper feed costs.
U.S. grains: Soybeans to 1-week low on better-than-expected crop ratings
Chicago soybean futures fell to a one-week low on Tuesday, with the benchmark contract Sv1 retreating back under $10 a bushel as better-than-expected U.S. crop ratings bolstered production prospects and eased worries about recent dry weather.
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