Bunge Global topped Wall Street estimates for third-quarter adjusted profit on Wednesday with the closing of its acquisition of Viterra in July boosting volumes as oilseed processing margins improved, sending shares up 2.6 per cent.
Daily news
Prairie forecast: Quiet pattern continues as winter struggles for a foothold
For the upcoming forecast period, a large area of low pressure remains anchored off the British Columbia coast, a strong low spins over the Atlantic coast and another, weaker low lingers near Hudson Bay. Between these systems, the flow across the Prairies is largely zonal, meaning it moves west to east with little north–south movement. That pattern will help usher a few weak disturbances across the region during the next several days.
U.S. livestock: Cattle fall back, hogs continue slide
Chicago cattle futures fell back on Tuesday. Hogs continued to slide. Most-active December live cattle futures closed at 227.775 cents a pound, down 4.425 cents. February contracts lost 5.025 cents to settle at 225.375 cents per pound. Most-active January feeder contracts lost 7.300 cents to close at 329.225 cents a pound. March feeders settled at […] Read more
U.S. grains: Soybeans retreat after rally, wheat holds at three-month high
U.S. soybean futures fell on Tuesday, retreating from a 16-month high hit a day earlier, as traders awaited Chinese purchases of U.S. cargoes following last week’s trade truce agreed by the world’s two largest economies.
Dryness, drought likely to persist says forecaster
As winter approaches, the dry conditions and drought across much of the Canadian Prairies and the United States Plains will likely persist, said Drew Lerner, meteorologist with World Weather Inc. in Overland Park, Kan.
Budget 2025 includes trade focus, boost for agriculture risk management
The 2025 budget includes several investments relevant to the agriculture sector, including new trade corridors and financial supports for farmers
ADM cuts 2025 profit outlook on biofuel and trade uncertainty; shares tumble
Archer-Daniels-Midland cut its 2025 profit forecast for a third straight quarter on Tuesday as U.S. biofuel policy uncertainty and global trade disruptions pressured oilseed crush margins.
U.S. not ready to lift Mexican cattle ban over screwworm, Agriculture Secretary Rollins says
The U.S. is not yet ready to reopen its border to Mexican cattle amid an outbreak of the flesh-eating New World screwworm parasite, Agriculture Secretary Brooke Rollins said, but she is pleased with Mexico’s efforts to contain the pest.
U.S. livestock: Cattle rally, hogs slide
Chicago cattle futures regained a ground on Monday to maintain a fairly level trajectory after last week’s fall.
U.S. grains: Soybeans touch 16-month high, wheat firm on Chinese demand hopes
Chicago soybean futures hit 16-month highs on Monday on expectations China will restart large-scale U.S. soy buying after the two countries reached a deal to de-escalate their trade war.
