CHICAGO (Reuters) — U.S. corn and soybean futures fell on Tuesday as forecasts for slightly wetter-than-expected weather across the U.S. Midwest prompted a round of profit-taking following sharp gains the previous two sessions, traders said. The weakness spilled over into the wheat market, but declines were limited by good demand on the export market and […] Read more
News
U.S. soybeans, corn fall as weather outlook improves
Manitoba crop report
Southwest Temperatures above 30 C during the last 10 days of August have helped ripen oilseed crops. Most canola fields are showing seed colour change. Swathing is well underway. Flax crops are ripening quickly. Winter wheat harvest is nearly complete. Growers have reported average to above average yields. Growers have noticed grasshoppers throughout the region, […] Read more
Cargill to invest $48 million in Kansas beef facility
CHICAGO (Reuters) — Cargill Inc. will invest $48 million to build an automated order distribution centre to support its beef processing plant in Dodge City, Kansas, the company said on Tuesday. The distribution centre will hold 155,000 boxes of beef, increasing that capacity at Dodge City by 130,000 boxes, Cargill said in a statement. Construction […] Read more
Manitoba crop report shows promising harvest
Southwest Temperatures above 30 Celsius during the last 10 days of August have helped ripen oilseed crops. Most canola fields are showing seed colour change. Swathing is well underway. Flax crops are ripening quickly. Winter wheat harvest is nearly complete. Growers have reported average to above average yields. Growers have noticed grasshoppers throughout the region, […] Read more
U.S. feeder cattle futures plunge as corn prices surge
CHICAGO (Reuters) – Chicago Mercantile Exchange feeder cattle futures closed sharply lower on Monday, with October down its limit of 3 cents per lb, as investors worried that high-priced corn may curb feedlot demand for young cattle, traders said. Corn prices at the Chicago Board of Traded spiked near their 40-cent daily price limit led […] Read more
Argentine wheat safe for now from late winter frost
BUENOS AIRES, (Reuters) — A late-winter cold snap in Argentina raised concern about the country’s recently sown wheat crop at a time of high world demand and soaring local prices, but experts said on Monday that the recent low temperatures did little or no damage. The weather worries supported Chicago futures and came just as […] Read more
Russia fiercely rebukes Belarus for detaining potash boss
MINSK/MOSCOW (Reuters) — Belarus detained the head of Russia’s Uralkali, the world’s top potash producer, and threatened to seize its assets in the country on Monday, drawing a fierce rebuke from Moscow in an escalating dispute over the collapse of a cartel. Vladislav Baumgertner was detained on suspicion of abusing his position and official powers […] Read more
Indian Parliament Approves $20B Cheap Grain Plan For Poor
NEW DELHI, Aug 26 (Reuters) – India’s lower house of parliament approved a plan worth nearly $20 billion on Monday to provide cheap grain to the poor, a key part of the ruling Congress party’s strategy to win re-election. Under the plan, the government will sell subsidised wheat and rice to 67 percent of its […] Read more
Halt in Zilmax sales fuels demandfor rival cattle feed product
CHICAGO (Reuters) — Merck & Co.’s decision to suspend sales of its Zilmax cattle feed additive has caused such a surge in demand for rival Eli Lilly & Co’s Optaflexx that Lilly is telling some new customers it cannot immediately supply them, customers told Reuters. Zilmax became the focus of attention in the livestock industry […] Read more
Plague of wild pigs has U.S. authorities squealing
LOCUST GROVE, Okla. (Reuters) — A few years ago, Jim Vich wouldn’t have dreamed of setting up an elaborate trap to catch wild hogs. But that was before Oklahoma was invaded by a plague of pigs that devour crops, uproot pastures, destroy wildlife habitats, spread disease to humans and animals, kill trees and even knock […] Read more
