WASHINGTON/CHICAGO, (Reuters) – The U.S. government will pay American farmers hurt by the trade war with China between $15 and $150 per acre in an aid package totaling $16 billion, officials said on Thursday, with farmers in the South poised to see higher rates than in the Midwest. The assistance, starting in mid-to-late August, follows […] Read more
Stories by Karl Plume
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
CME cattle rally to 1-year peak as cash prices surge
CHICAGO, April 27 (Reuters) – Chicago Mercantile Exchange live cattle surged to contract highs on Thursday and closed up the daily limit in most contacts on stronger-than-expected cash markets and robust demand for beef, traders said. The front-month contract hit a 13-month peak as the market closed higher for the fifteenth time in 16 sessions. […] Read more
CME live cattle drop from one-year peak, hogs rise
CHICAGO, April 24 (Reuters) – Chicago Mercantile Exchange live cattle fell on Monday in a profit-taking setback after notching one-year highs for four straight days last week, traders said. Larger-than-expected cattle placements in a monthly government report issued after the market closed on Friday added pressure to start the week, with deferred contracts posting the […] Read more
