COLFAX, North Dakota (Reuters) – North Dakota bet bigger on Chinese soybean demand than any other U.S. state. The industry here – on the far northwestern edge of the U.S. farm belt, close to Pacific ports – spent millions on grain storage and rail-loading infrastructure while boosting plantings by five-fold in 20 years. Now, as […] Read more
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As trade war drags on, new Bunge CEO looks to avoid ‘stroke-of-the-pen’ risk
CHICAGO, (Reuters) – A year removed from a losing bet that the U.S.-China trade war would be promptly resolved, global grains trader Bunge Ltd is facing an even more uncertain business environment, with a new chief executive who is determined not to get burned again. Gregory Heckman, who joined Bunge’s board late last year and […] Read more
American ag to China smaller, now stopped
China bought small amounts of American soybeans, wheat, sorghum and pork last week ahead of the latest escalation of trade tensions with Washington, according to United States government data issued recently, in what may be the last American farm commodity sales to China for the foreseeable future. China’s Ministry of Commerce said last week that […] Read more
Major grain traders face one-two punch from U.S. floods, trade war
CHICAGO, July 10 (Reuters) – Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co and Bunge Ltd for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. ADM and Bunge, as well as peers Cargill Inc and Louis Dreyfus Co, known […] Read more
Trade rows spell gain, and pain, for U.S. grain exporters
CHICAGO (Reuters) – Global grain marketers have seized upon trade tensions between the United States and several of its top export markets, including China, to turn around struggling trading units following one of the toughest years ever for the industry. After five years of bumper harvests worldwide that depressed crop prices, trading margins are on […] Read more
Wheat surges as USDA says crop conditions worst since 2002
CHICAGO (Reuters) – U.S. wheat futures surged on Tuesday, led by a spike in hard red winter wheat prices, after the U.S. Department of Agriculture rated the U.S. Plains crop in the worst shape in 16 years. Soybeans and corn rebounded from the prior session’s declines on spillover support from wheat and as cold, wet weather […] Read more
CME live cattle climb as cash prices seen rising
CHICAGO, Nov 27 (Reuters) – Chicago Mercantile Exchange live cattle futures rose on Monday as profitable packer margins and firm beef prices fueled expectations that cash cattle would trade at higher prices this week. December live cattle finished up 1.250 cents per pound at 119.825 cents after holding chart-based support at the 50-day moving average […] Read more
Live cattle mostly lower as beef prices ease
CHICAGO, Nov 13 (Reuters) – U.S. live cattle futures were mostly lower on Monday, pressured by weaker beef prices and expectations that cash cattle at Plains feedlot markets would trade at lower prices this week, traders said. Chicago Mercantile Exchange December live cattle ended steady at 120.575 cents, while actively traded February futures fell for […] Read more
Monsanto 4th quarter profit up as corn, soy seed sales jump
CHICAGO, Oct 4 (Reuters) – Monsanto Co, which is being acquired by Bayer AG , reported a quarterly profit of US$20 million, compared with a year-ago loss of $191 million, as seed licensing deals in the typically low-revenue fourth quarter lifted sales. Monsanto shares were up slightly at $119.88 after earlier touching a more-than-two-year high. […] Read more
Cattle mostly firm on short covering; big supply weighs
CHICAGO, Sept 1 (Reuters) – Chicago Mercantile Exchange live cattle futures were mostly higher on Friday, lifted by end-of-week short covering following a decline to nine-month lows a day earlier, traders said. Futures, however, remain anchored by plentiful supplies of market-ready cattle and weak cash markets as fed cattle in the U.S. Plains this week […] Read more
