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Tag Archives USDA

(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: Profit-taking, beef quotes drop CME live cattle

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures were pressured on Wednesday by profit-taking, partly in response to sharply lower wholesale beef values, said traders. February live cattle closed 0.4 cent/lb. lower at 119.125 cents (all figures US$). CME live cattle will return to its normal three-cent trading limit on Thursday after failing […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola watching South America

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CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, breaking below some chart resistance levels in the process. The chart pattern is turning flat, however, and further moves will likely depend on outside factors. Speculators have moved to the short side in the canola market, which accounted for some […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Wheat, corn weak as traders await USDA report

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Chicago | Reuters –– Chicago Board of Trade soybean futures firmed on Tuesday, recovering from weakness in overnight trading on technical buying amid lingering concerns about weather in key South American growing regions. Corn eased as traders staked out positions ahead of the release of key U.S. Agriculture Department supply and demand reports on Thursday. […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Soybeans, corn, wheat rise

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Chicago | Reuters — U.S. soybean futures firmed on Monday, settling up one per cent on some concerns about rain in parts of Argentina curtailing crop production from the world’s third largest exporter of the oilseed, traders said. Wheat futures also closed higher, with prices firming to their highest since Nov. 22. Corn futures ended […] Read more
(Photo courtesy Canada Beef Inc.)
Crops, Markets, Reuters

U.S. grains: Exports pressure corn, soybeans

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Chicago | Reuters — Chicago Board of Trade corn and soybean futures fell on Friday on signs of weakening demand for U.S. exports as the South American harvest nears, traders said. Wheat futures also dropped, pressured by a round of profit-taking after K.C. hard red winter wheat hit a 4-1/2-month high. But concerns about crop […] Read more
(USDA.gov via Flickr)
Crops, Reuters

Trump leaning toward Georgia ex-governor to lead USDA

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Washington | Reuters — Former Georgia Governor Sonny Perdue is U.S. Republican President-elect Donald Trump’s leading candidate to run the U.S. Department of Agriculture, a senior Trump transition team official said on Monday. Perdue, a Democrat-turned-Republican who founded a grain and fertilizer business, served on Trump’s agricultural advisory committee during his presidential campaign. The official […] Read more

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