Markets
Glencore wants to exit the agriculture business. Neil Townsend believes that is because there’s a “profitability problem” in agriculture.
Markets
Glencore appears to be readying agriculture industry exit
Company says it will likely sell its remaining share in Bunge now the Viterra merger is concluded
Prairie wheat bids weaken in early August
Losses in U.S. futures weigh
Hard red spring wheat bids in Western Canada were weaker during the week ended Aug. 7, as a move to five-year lows in the United States futures weighed on prices.
U.S. grains: Wheat, soy and corn bounce off lows as demand stirs
Chicago Board of Trade wheat futures rebounded on Thursday after hitting a five-year low the previous day, and corn recovered from earlier contract lows as technical support and signs of new export demand countered the pressure of ample supplies, traders said.
U.S. livestock: Cattle futures hit contract highs on strong cash trade
Chicago Mercantile Exchange live and feeder cattle futures hit contract highs for the second day in a row on Thursday as strong cash cattle prices and resilient consumer demand continued to fuel a rally, analysts said.
Feed Grain Weekly: Barley, wheat competing with U.S. corn
Western Canadian grains hold price advantage
While U.S. corn prices are falling, Western Canadian feed barley and feed wheat still have price advantages, said a Lethbridge-based trader.
U.S. livestock: Cattle futures hit new highs on resilient consumer demand
Chicago Mercantile Exchange live and feeder cattle futures hit contract highs on Wednesday as strong consumer demand for beef and another spike in wholesale boxed beef prices supported an ongoing futures rally.
U.S. grains: Wheat hits 5-year low, corn at contract lows as supply pressure builds
Chicago wheat futures slipped to a five-year low on Wednesday, while corn set contract lows for the third session in a row as ample global supply hung over grain markets.
CBOT Weekly: More pressure on grain prices
U.S. grain, soybean prices to go lower: analyst
Corn, soybean and wheat futures on the Chicago Board of Trade continue to drop and one Chicago-based analyst says they are going to be even lower.
ICE canola weekly outlook: Spec selling weighs on market
Charts turning bearish
ICE futures canola contracts fell to their lowest levels in two months during the first week of August, with speculative long liquidation behind some of the selling pressure.
Large global feedgrain supplies shrink prices
A record crop in the United States and strong export competition from Brazil is expected to drive global corn prices lower
The United States is not the only country that is expected to produce a large corn crop this year. China is increasing output to yet another record of 295 million tonnes.
