LIVESTOCK-CME cattle sink to November lows; hogs set contract high

CHICAGO, May 16 (Reuters) - Chicago Mercantile Exchange live cattle futures ended higher on Monday in a rebound from recent losses, while feeder cattle futures stumbled under pressure from rising costs for grains used for livestock feed. Live cattle were technically oversold and due for a bounce, brokers said. Futures...

A thought-out management plan is essential to making the most of continuous soybeans. “When planting a mono-crop, we want to do things that build up yield potential,” said Matt Montgomery, a Pioneer field agronomist, in a news release. “We want to get beans in the ground earlier. Each day is an additional pod or node, offsetting potential pod attrition and minimizing yield losses.”

CHICAGO, May 18 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures dropped on Wednesday as traders reduced risk amid steep losses in the stock market, analysts said. Lean hog futures strengthened at the CME. Cattle futures are more sensitive than hogs to falling stock prices, said Dan...

CHICAGO, May 17 (Reuters) - Chicago Mercantile Exchange lean hog futures rose for a third consecutive session on Tuesday as the market continued to recover from oversold conditions, traders said. Live cattle and feeder cattle futures ended lower. Short-covering helped propel hog futures higher following recent declines, said Matt Wiegand,...

May 17 (Reuters) - Chicago wheat futures on Tuesday neared a record peak set in March after the U.S. Department of Agriculture reported a worsening condition of the winter crop, deepening worries over supply in an already-tight market. The significance of U.S. crops has risen after the Russian invasion of...

A little over a year ago, John Deere went through one of the most significant reorganizations the company has seen in years. Not only did it involve reevaluating how Deere unlocks value for its customers, but it also examined how it viewed those customers. “Our focus is to help drive...

The United States was “greatly disappointed” by Canada’s refusal to allow larger imports of U.S. dairy products despite a USMCA trade ruling, said Agriculture Secretary Tom Vilsack on Monday. Vilsack expressed solidarity with U.S. dairy groups that called for retaliatory tariffs on Canadian goods, telling reporters, “Stay tuned.”

CHICAGO, May 16 (Reuters) - Chicago wheat futures hit the daily 70-cent trading limit cap on Monday after India banned exports of the grain, an abrupt policy change that fanned concern about global supplies strained by Russia's invasion of Ukraine. The wheat rally sent spillover strength to corn futures, as...

CHICAGO, May 16 (Reuters) - Chicago wheat futures hit the daily 70-cent trading limit cap on Monday after India banned exports of the grain, an abrupt policy change that fanned fears about global supplies strained by Russia's invasion of Ukraine. * Chicago Board of Trade's soft red winter wheat deferred months all hit contract highs. And contract highs were hit across the board for K.C. hard red winter wheat and MGEX spring wheat futures. * Benchmark Chicago Board of Trade July soft red winter wheat settled up 70 cents at $12.47-1/2 a bushel - $1.16 a bushel off the $13.63-1/2 record this spring. * Trading limits for CBOT and K.C. wheat will expand to $1.05 for Tuesday's session, CME Group said Monday afternoon. * K.C. July hard red winter wheat settled up 70 cents at $13.52 a bushel, a contract high and the daily 70-cent trading limit. * MGEX July spring wheat , which also set a new contract high on the day, was up 60 cents at $13.85 a bushel. * India's embargo, prompted by a heat wave that has cut harvest prospects and sent domestic prices soaring, has hit hopes of record wheat shipments from the country in the coming year that would alleviate war-reduced supply from Ukraine. * India's wheat export ban trapped some 1.8 million tonnes of grain at ports, leaving traders facing heavy losses from the prospect of selling onto a weaker domestic market. * U.S. exporters readied 348,048 tonnes of wheat for shipment during the week ended May 12, the USDA said Monday, up from 262,919 tonnes from the previous week, and on the high end of expectations with a Reuters poll of analysts. * The U.S. Agriculture Department will provide an update on planting progress and crop conditions at 3 p.m. CDT (2000 GMT). * USDA's weekly crop progress report should show that good-to-excellent ratings for winter wheat edging higher, although the drought that crops in the U.S. Plains have suffered through during the growing season was still expected to limit yields at harvest, according to the average of 13 analyst estimates given in a Reuters survey on Monday morning. (Reporting by P.J. Huffstutter; Editing by Sandra Maler)

The USDA released its seventh Crop Progress report Monday afternoon. These reports run weekly through the end of November and look at the progress and condition of various crops on a national and state-by-state scale. CORN. As of Sunday, the report pegged corn planted at 49%, compared with 67% for...

CHICAGO, May 16 (Reuters) - Following are U.S. trade expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Monday. WHEAT - Up 55 to 60 cents per bushel * Wheat futures surging after India banned exports of the grain, an abrupt policy shift that roiled hopes of the country filling some of the gap in global trade left after Russia's invasion of Ukraine that roiled exports from the Black Sea region. * The most-active Chicago Board of Trade soft red winter wheat contract hit its highest on a continuous basis since March 9 during the overnight trading session. * Both the front-month K.C. hard red winter wheat and front-month MGEX spring wheat contracts hit their highest since March 2008. * CBOT July soft red winter wheat last traded up 57-3/4 cents at $12.35-1/4 a bushel. K.C. July hard red winter wheat was last up 60 cents at $13.42 a bushel while MGEX July spring wheat was last up 46 cents at $13.71. CORN - Up 12 to 17 cents per bushel * Strength in wheat supportive to corn market. * Slower-than-usual U.S. planting pace also seen as bullish factor. The U.S. Agriculture Department will provide update on seeding progress at 3 p.m. CDT (2000 GMT) on Monday. * Benchmark CBOT July corn futures contract rose above its 20-day moving average during overnight trading. * CBOT July corn was last up 16-1/4 cents at $7.97-1/2 per bushel. SOYBEANS - Up 15 to 20 cents per bushel * Soybeans seen rising for fifth day in a row, buoyed by technical buying and strong domestic and international demand. * Analysts expecting the monthly National Oilseed Processors Association report will show that U.S. processors crushed 172.370 million bushels of soybeans last month, which would be the biggest April crush ever. * Technical support for benchmark CBOT July soybeans noted around the contract's 20-day moving average overnight. * CBOT July soybeans were last up 14-3/4 cents at $16.61-1/4 per bushel. (Reporting by Mark Weinraub; editing by David Evans)

U.S. grain prices ended the trade on Monday higher. July corn was up 28 ¼ cents with December corn up 16 ¾ cents. July soybean futures were 10 cents higher with November beans up 13 ¾ cents. July Chicago wheat closed up 70 cents, July Kansas City wheat closed up 70 cents, and July Minneapolis wheat closed up 60 cents.

CHICAGO, May 17 (Reuters) - Chicago wheat futures dipped on profit-taking early Tuesday, after India said it would allow overseas wheat shipments awaiting customs clearance. But wheat soon firmed as traders focused on an unrelenting question that continues to roil global prices: Where will the world get its grain?. The...

CHICAGO, May 17 (Reuters) - Chicago Board of Trade soybean futures closed higher for a sixth consecutive session on Tuesday, supported by stronger U.S. corn planting progress and weather forecasts predicted storm systems to hit the Upper Plains by the end of the week, grain analysts said. * CBOT July soybean futures settled up 21-1/2 cents at $16.78 a bushel. * CBOT July soyoil ended up 0.50 cent at 83.49 cents per lb, while CBOT July soymeal futures fell $1.80 to end at $411.80 per ton. * The U.S. Agriculture Department late Monday reported in its weekly crop progress report that corn farmers had planted 49% of their corn crop - at the high end of analyst expectations - which assuaged recent market concerns of increased soybean acres. * Soybean planting progress also remained sluggish in key parts of the U.S. Midwest, including North Dakota and Minnesota, according to USDA. * China will buy 40,000 tonnes of local frozen pork for its state reserves on May 20, according to a notice on the website of the reserves management center. * Hundreds of Indonesian small-holder farmers are staging protests across the world's fourth most populous country, demanding the government end a palm oil export ban that has slashed their income. (Reporting by P.J. Huffstutter; Editing by Lisa Shumaker)

CHICAGO, May 17 (Reuters) - Chicago wheat futures rallied on Tuesday, amid ongoing concern about global supplies even after India said it would allow overseas wheat shipments awaiting customs clearance. * Chicago Board of Trade's soft red winter wheat July contract and several of its deferred months hit new contract highs. And new highs were also hit across most of the contracts for K.C. hard red winter wheat and MGEX spring wheat futures, too. * Benchmark Chicago Board of Trade July soft red winter wheat settled up 30 cents at $12.77-1/2 a bushel - 86 cents off the $13.63-1/2 record this spring. * Trading limits for CBOT and K.C. wheat will revert back to the standard 70 cents for Wednesday's session, CME Group said on Tuesday afternoon. * K.C. July hard red winter wheat ended up 15-3/4 cents at $13.67-3/4 a bushel and set a new contract high. * MGEX July spring wheat , which also set a new contract high on the day, was up 9-3/4 cents at $13.94-3/4 a bushel. * India said it would allow overseas wheat shipments awaiting customs clearance, introducing some relaxation after it banned exports of the staple. * The government had said it would only allow exports backed by letters of credit (LCs), or payment guarantees, issued before May 13, leaving some 1.8 million tonnes of grain trapped at ports. * Wheat futures also received some support from a U.S. Department of Agriculture report indicating the worsening condition of the U.S. winter crop, deepening worries about supply in an already-tight market. * The USDA on Monday rated 27% of the U.S. winter wheat crop in good to excellent condition, down 2 percentage points from the previous week and below analysts' expectations, while spring wheat was 39% planted, below expectations of 43%. (Reporting by P.J. Huffstutter; Editing by Emelia Sithole-Matarise)

* Wheat falls after 2-day rise; soybeans, corn also pull back. * U.N. chief set to disclose talks on Ukraine grain exports (Updates prices, adds comment) May 18 (Reuters) - U.S. grains futures fell on Wednesday following a report about the United Nation's efforts to restore Ukraine grain shipments that have been hampered by the war, and as worries about high prices curbing demand weighed on sentiment.

May 17 (Reuters) - Brazilian sugar cane mills are cancelling some sugar export contracts and diverting production to ethanol to cash in on high energy prices, according to people with direct knowledge of the deals, raising concerns of a sugar shortage. Nearly every company involved in sugar trading in Brazil...

The second week of May was an early season scorcher for much of the central and western Corn Belt. Temperatures topped out in the 90s for several days helping to make this the hottest second week of May in 30+ years for the Corn Belt as a whole, according to data from WeatherTrends360.

CHICAGO, May 18 (Reuters) - U.S. grains futures fell on Wednesday following a report about the United Nations' efforts to restore Ukraine grain shipments and as forecasts of ample Russian supplies added to the impact on sentiment of expectations high prices will curb demand. Corn and soybean futures also slid...

SAO PAULO, May 17 (Reuters) - Brazilian pork and poultry processor BRF SA will suspend the mandatory use of face masks at one of its processing plants from Sunday, according to an internal memo seen by Reuters, due to a drop in local cases of COVID-19. BRF did not immediately respond to questions about the measure, which applies to workers at its Carambei chicken plant in Parana state.