General Mills maintained its annual sales and profit forecasts on Wednesday, as the Cheerios maker grapples with rising economic uncertainty and softer demand in key markets, including North America.
Reuters
General Mills keeps annual outlook as North America demand softens
U.S. grains: Corn, soy, wheat futures rise as dollar sags; crop yields eyed
Chicago | Reuters – Chicago Board of Trade corn futures hit their highest in more than two months on Tuesday, buoyed by a weaker dollar and uncertainty about the size of the U.S. crop, analysts said. Soybeans drew support from optimism about U.S. trade talks with China, the world’s largest soy buyer, given news that […] Read more
Vietnamese feed makers buying Canadian canola meal after China duties, sources say
Feed millers in Vietnam are taking advantage of bargain prices with rare purchases of Canadian canola meal after China imposed hefty tariffs on the oilseed.
Asia millers buy more U.S. wheat on competitive prices, Black Sea delays
Flour millers in Asia have ramped up imports of U.S. wheat in recent weeks, driven by competitive prices from American suppliers and delays in shipments from the Black Sea.
U.S. grains: Corn sags as bumper US crop harvest advances, soybeans retreat
Chicago | Reuters – Chicago Board of Trade corn futures fell on Monday, retreating from a two-month high set on Friday, as market players focused on projections for a record-large U.S. harvest, analysts said. Soybean futures turned lower as worries resurfaced about export demand from top global buyer China. U.S. and Chinese officials met in […] Read more
U.S. livestock: Cattle futures rally, hogs rise
Chicago cattle futures rallied on Monday following losses in the previous trading session. Hogs also rose. Most-active December live cattle contracts closed at 236.275 cents a pound, up 4.350 cents. October live cattle settled at 234.600 cents a pound, up 4.625 cents. Most-traded October feeder cattle futures settled at 354.500 cents a pound, up 8.700 […] Read more
USDA considering economic aid for farmers this fall, says secretary
The U.S. Department of Agriculture is working with Congress to evaluate whether economic aid might be needed for the nation’s farmers this fall amid trade disputes and record-high yields, Agriculture Secretary Brooke Rollins said on Monday.
U.S. livestock: Cattle futures fall on expectations of US agriculture secretary announcement
Chicago | Reuters – Chicago Mercantile Exchange cattle futures fell on investor expectations that U.S. Agriculture Secretary Brooke Rollins might announce a re-opening of the border with Mexico for cattle imports in a speech in Oklahoma on Friday. The U.S. is currently closed to cattle imports from Mexico because of an infestation south of the […] Read more
Agrichemicals firm Corteva explores splitting seed and pesticide units, WSJ reports
U.S. agrichemicals company Corteva is exploring a breakup that would separate its seed and pesticide businesses into two separate companies, the Wall Street Journal reported on Friday, citing people familiar with the matter. Separating its crop-seed unit from its pesticide business could help shield its seeds from any potential future liabilities associated with its pest […] Read more
U.S. grains: Soybeans, corn jump after USDA’s monthly crop report
Chicago | Reuters – Chicago soybean and corn futures rose on Friday after the U.S. Department of Agriculture delivered a bearish, but unsurprising, monthly crop report. U.S. farmers will harvest the most acres of corn since 1933 and produce more of the grain than previously expected, even though crop yields will miss earlier forecasts, the […] Read more