Chicago | Reuters — Agricultural merchant Bunge reported a worse-than-expected loss for the fourth quarter on Wednesday, the latest in a string of poor results that has left the company’s management fending off takeover bids from rivals. Several years of abundant grains supply on global markets have made it tough for Bunge and its rivals […] Read more
Bunge board backs management after earnings miss, CEO says
U.S. livestock: Live cattle end mixed
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures ended mixed on Tuesday, with nearby contracts weighed down by expectations for increased supplies of market-ready cattle beginning next month. Declines were limited by concerns that harsh winter weather last week in northern areas of the U.S. Plains and western Midwest slowed cattle weight gains, […] Read more
U.S. livestock: Lean hogs rally on short-covering, bargain buying
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rallied more than two per cent on Monday in a short-covering and bargain-buying rebound from steep declines last week and as cash pork prices rose. The actively-traded Chicago Mercantile Exchange April contract touched a 4-1/2 month low early in the trading session but recovered to […] Read more
U.S. grains: Soybeans dip on Argentina rain outlook, technical selling
Chicago | Reuters — U.S. soybean futures fell for a third straight session on Friday on technical selling and as an improved South American crop weather forecast soothed some anxiety about drought-reduced production in Argentina. Wheat also declined, with soft red winter wheat futures pressured by forecasts for snow in some U.S. production areas. Corn […] Read more
U.S. grains: Soybeans fall on weak exports, bumper Brazil harvest
Chicago | Reuters — U.S. soybean futures dropped for a second straight day on Thursday on technical selling and profit taking following government data showing lower-than-anticipated U.S. export sales last week. Forecasts for rain and cooler temperatures in Argentina by mid-February and an accelerating soy harvest in Brazil further weighed on prices. Corn and wheat […] Read more
U.S. grains: Profit-taking drags wheat from multimonth peaks
Chicago | Reuters — U.S. winter wheat futures turned lower on Wednesday in a profit-taking setback from multi-month highs after five straight sessions of gains fuelled by concerns over poor crop conditions in the U.S. Soybeans were also lower as traders banked profits from a recent grain market rally and a slightly improved crop weather […] Read more
U.S. grains: Winter wheat jumps as crop conditions drop
Chicago | Reuters — U.S. winter wheat futures surged to their highest in at least four months on Tuesday, led by a more than three per cent rally in hard red winter wheat, after the government slashed condition ratings for the drought-hit U.S. Plains crop. Soybeans and corn also advanced on technical buying and short […] Read more
U.S. grains: Corn, soy rise on South American weather worries
Chicago | Reuters — U.S. soybean and corn futures climbed on Monday on short-covering and concerns that the weather in South America could hamper production of the crops in Brazil and Argentina. Wheat rallied around two per cent as commodity funds exited short positions and on increasing worries that dry weather in the U.S. Plains […] Read more
U.S. grains: Soybeans rise as Argentine weather worries lift soymeal
Chicago | Reuters — U.S. soybean futures climbed for a fourth straight session on Thursday to the highest in nearly two weeks on concerns that dry conditions in Argentina could reduce the soybean crop and scale back soymeal supplies. Wheat futures rose on short-covering and a weakening U.S. dollar, while corn drifted lower on technical […] Read more
U.S. grains: Corn jumps in short-covering bounce
Chicago | Reuters — U.S. corn futures climbed more than one per cent on Wednesday on short-covering and technical buying after recent contract lows and on expectations that a weaker U.S. dollar may revive slumping export demand. Wheat also rose about one per cent after hitting one-month lows in the previous session, while soybeans recovered […] Read more
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