Deere & Co beat analysts' expectations for third-quarter profit on Thursday, as stronger pricing and cost control measures protected its margins from sluggish demand for its farm equipment.
Daily news
Deere beats profit targets as strong pricing, cost cuts counter slow demand
US undercounts bird flu in cattle as farmers shun testing
Farmers fear economic losses from positive tests, leading to under-reporting; USDA offers partial compensation
The U.S. bird-flu outbreak in dairy cattle is much larger than official figures suggest due to farmers' reluctance to test their animals and risk the economic consequences of a positive result, according to Reuters interviews with dairy experts, veterinarians, and farmers in six states with known cases.
U.S. grains: Soybeans firm after bouncing back from latest four-year low
Chicago soybeans rose on Wednesday, bouncing back on technical trading after hitting another four-year low, according to analysts.
U.S. livestock: Cattle firms on technical buying as Labor Day nears
Chicago Mercantile Exchange (CME) cattle futures rose on Wednesday on technical buying and increasing beef demand ahead of the upcoming U.S. Labor Day holiday, analysts said.
CBOT Weekly: Conditions for U.S. soybeans, corn ‘just ideal’
With rain forecast for most of the United States Corn Belt, the prospects for larger than expected soybean and corn crops is pretty much certain, according to broker Scott Capinegro of AgMarket Inc. in Chicago.
Industry and shippers brace for Canada rail stoppage, fear ‘catastrophe’
North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada's main railway companies that could inflict billions of dollars' worth of economic damage.
ICE canola weekly: Dropping with soy complex
The ICE Futures canola market fell sharply lower during the week ended Aug. 14, hitting its lowest levels since 2020 as rising soybean production estimates out of the United States weighed on values.
Agriculture groups redouble pressure on governments, railways stop strike or lockout
Producer and agriculture groups across Canada launched a ‘Stop the Strike’ writing campaign asking the federal ministers of agriculture and labour to use all their means to stop rail workers from walking off the job.
JBS posts profit as chicken and pigs make up for beef slump
Brazil's JBS SA, the world's largest meatpacker, said on Tuesday that divisions that process chicken and pigs lifted its results, including poultry unit Pilgrim's Pride, JBS USA Pork in the U.S., and Seara in Brazil.
Prairie forecast: Weak systems make for tricky forecast
Forecast issued Aug. 14, covering Aug. 14 to 21, 2024
The slack or weak pattern looks to continue into much of next week, which makes it difficult to pinpoint which areas could see showers or thunderstorms, and on which days. Best chances for precipitation look to be over the eastern Prairies. This type of pattern also makes it difficult to predict where forest fire smoke will be.
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