Chicago wheat, corn and soybean futures regained ground on Thursday after Wednesday's dramatic losses as investors covered short positions ahead of the U.S. Department of Agriculture's supply and demand report set to be released on Friday.
Daily news
U.S. grains: Wheat, corn and soybeans rebound ahead of data
U.S. livestock: Lean hogs, feeder cattle turn higher on bargain buying
Chicago Mercantile Exchange (CME) lean hog futures turned higher on Thursday on a spate of bargain-buying, after the most-active August contract LHQ24 set a new low during the session, traders said.
Saskatchewan Crop Report: Warm conditions advancing crop development
Warm and mostly dry conditions across Saskatchewan helped crops advance in their development during the week ended July 8, according to the latest provincial report.
Precision livestock farming could fine-tune feed efficiency ‘equation’
A Belgian researcher says precision technology can help farmers fine-tune animal feed consumption, which would increase profits, improve animal welfare and lower environmental effects.
La Niña weather 70 per cent likely to develop in Aug-Oct
The current neutral phase between La Niña and El Niño weather patterns is expected to continue for several months, with a 79 per cent chance of La Niña November through January, the National Weather Service's Climate Prediction Center (CPC) said in its monthly forecast.
Meat from cloned animals sparks debate
Is a cloned cow any different from a conventionally conceived cow when it comes to meat? Canadian officials suggest not
Health Canada says meat from healthy cloned animals is no different than that from sexually reproduced animals and there are no health concerns with consuming meat from a cloned animal. It also says a main aspect of cloning animals is to “enhance the propagation of unique, high-value animals.”
U.S. livestock: Hog futures close down the daily limit on oversupply
CME lean hog futures LHQ24 closed limit down on Wednesday as a hefty oversupply and weak demand from consumers dragged futures lower, traders said.
U.S. grains: Soy futures fall to 2020 low on strong US crop prospects
Chicago Board of Trade soybean futures fell to a 2020 low on Wednesday, while corn hovered near a four-year low as favorable U.S. crop conditions kept a lid on prices.
ICE Canada Weekly: Canola likely to fall back
The Canadian oilseed began to pull back on July 8 as it became caught up in a selloff in the global oilseed market. The November contract finished at C$658.20 per tonne on July 5, gaining more than C$31 on the week. However, by the close on July 10, that contract dropped to C$617.90.
CBOT weekly: Good weather leads to new lows in Chicago soybeans and corn
Soybean and corn futures at the Chicago Board of Trade fell to fresh contract lows in early July, as relatively favourable growing conditions and bearish technical signals weighed on values.
Cyber-Savvy Farmer
