Chicago | Reuters — U.S. grain and soybean futures rose on Tuesday on technical buying and expectations for a co-ordinated global effort to offset the economic impact of the coronavirus outbreak. The U.S. Federal Reserve cut interest rates in an emergency move designed to shield the world’s largest economy from the COVID-19 virus, whose global […] Read more
U.S. grains: Soy, wheat, corn up on economic stimulus hopes
Recovery continues off COVID-19-related pressure
U.S. grains: Soybean futures touch five-week high
Corn rises as markets rebound
Chicago | Reuters — U.S. soybean futures set a five-week high and corn futures advanced on Monday as markets rebounded from selling last week that was fueled by concerns over the fast-spreading coronavirus outbreak. Equity markets around the world rose on speculation that central banks will cut interest rates to soften the economic blow of […] Read more
U.S. livestock: CME cattle rise in recovery from contract lows
Hogs close mixed as China uncertainty looms
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday recovered from contract lows reached last week as concerns temporarily eased about the economic impact from the global coronavirus outbreak. Equity markets also rose on speculation that central banks will cut interest rates to soften the economic blow of the epidemic. “The market […] Read more
CME to raise hog futures trading limits as swine fever fuels volatility
New daily limit of 3.75 U.S. cents proposed for mid-April
Chicago | Reuters — CME Group said Thursday it plans to increase daily trading limits for its lean hog futures in April, then adjust them annually because of heightened volatility linked to the outbreak of a fatal pig disease in China. The spread of African swine fever in China, the world’s biggest pork consumer, has […] Read more
Coronavirus disrupts China meat imports, food supplies
Swine fever has created pork shortage
Chicago | Reuters — Coronavirus is disrupting meat shipments to China as the country faces a shortage due to an outbreak of a fatal pig disease, Tyson Foods Inc and U.S. agricultural groups said on Thursday. An outbreak of African swine fever, which infects only pigs, has decimated China’s herd, pushing Chinese pork prices to […] Read more
Corteva to stop making Lorsban
Chicago | Reuters — Corteva will stop producing the agricultural pesticide chlorpyrifos by the end of the year, the company said on Thursday, removing the world’s largest manufacturer of a chemical that has been linked to low birth weight, reduced IQ and attention disorders in children. Corteva, spun off last year after a merger of […] Read more
U.S. EPA reaffirms glyphosate does not cause cancer
Chicago | Reuters — The U.S. Environmental Protection Agency said on Thursday it finished a regulatory review that found glyphosate, the most widely used herbicide in the United States, is not a carcinogen. The conclusion reaffirms the agency’s stance on glyphosate, the key ingredient in Bayer’s Roundup, despite judgments by U.S. juries that have found […] Read more
U.S. livestock: Hogs limit down to contract lows
Chicago | Reuters — U.S. hog futures sank by their daily trading limit to contract lows on Thursday under pressure from hefty supplies and fears about the spreading coronavirus outbreak. Cattle futures also hit multi-month lows. U.S. hog supplies are large after farmers expanded their herds to supply new processing plants. But traders are now […] Read more
U.S. grains: Soybeans set eight-month low
Chicago | Reuters — U.S. soybean futures fell for an eighth consecutive session on Thursday and hit an eight-month low as the rising toll from the coronavirus outbreak in China added to concerns about Chinese demand for American crops. Wheat also eased and set a three-week low on the Chicago Board of Trade as the […] Read more
U.S. grains: Soybeans hit six-week low as China virus sparks selling
Chicago | Reuters — U.S. soybean futures sank to their lowest level in more than six weeks on Friday as fears over the coronavirus spreading from China triggered broad-based selling. Corn and wheat futures also weakened as the U.S. Centers for Disease Control and Prevention confirmed a second U.S. case of the new virus in […] Read more
Cyber-Savvy Farmer
