Karl's Feed
Aug 20, 2015

Soybeans bounce from 6-year low, corn stays firm

CHICAGO, Aug 20 (Reuters) – U.S. soybean futures rebounded
from near six-year lows on Thursday in a short-covering bounce
and as weekly government export data showed strong new-crop
sales last week.

Corn edged higher, hovering close to last session’s one-week
peak after field reports from an annual crop tour suggested the
country’s output may be lower than was forecast by the U.S.
Department of Agriculture.

Aug 19, 2015

Soybeans drop to near 6-year low on U.S. Midwest rains

CHICAGO, Aug 19 (Reuters) – U.S. soybean futures fell to
multiyear lows on Wednesday in a broad-based commodities selloff
and as widespread rain in the U.S. Midwest was expected to
boost yields.

Wheat slumped for a third straight session on pressure from
sluggish demand and hefty global supplies, hitting contract lows
in several months.

Aug 18, 2015

Soybeans drop on rainy U.S. Midwest outlook, China worries

CHICAGO, Aug 18 (Reuters) – U.S. soybean futures fell 1.5
percent on Tuesday, pressured by concerns about cooling demand
from top importer China and forecasts for rain in the U.S.
Midwest at a key point in the crop’s development.

Corn firmed as a weekly U.S. Department of Agriculture
report showed a slight decline in the crop’s condition, while
wheat futures declined on weak demand and plentiful global
supplies.

Aug 18, 2015

Soy drops on rainy U.S. Midwest outlook, stable crop condition

CHICAGO, Aug 18 (Reuters) – U.S. soybean futures fell more
than 1 percent on Tuesday, pressured by stable crop conditions
and forecasts for rain in the U.S. Midwest at a key point in the
crop’s development.

Corn firmed as a weekly U.S. Department of Agriculture
report showed a slight decline in the crop’s condition, while
wheat futures declined on weak demand and plentiful global
supplies.

Aug 17, 2015

Good Midwest crop weather weighs down U.S. corn, soybeans

CHICAGO, Aug 17 (Reuters) – U.S. soybean futures were mixed
on Monday as early support from government data on unplanted
acres was more than offset by pressure from a rainy Midwest
forecast that should bolster the crop at a key stage of
development.

Corn also hovered near the unchanged mark, anchored by
favorable crop weather, while wheat shed more than 1 percent on
ample global supplies and a firm dollar that further dampened
U.S. export prospects.

Aug 17, 2015

U.S. pork demand climbs as big pig herd pressures prices

CHICAGO, Aug 17 (Reuters) – Two years after a devastating
swine virus killed nearly 10 percent of U.S. hogs, farmers who
built up herds to compensate are faced with a sober realization:
they’ve produced too much bacon.

The aggressive ramp-up in hog production after the Porcine
Epidemic Diarrhea virus (PEDv) outbreak in 2013, which brought
record profits for those whose pigs survived, has now created
the greatest U.S. hog price collapse since the late 1990s. That
was when overproduction sent prices plunging 75 percent to
50-year lows.

Aug 12, 2015

China currency move latest headache for U.S. soy exporters

CHICAGO (Reuters) – China’s surprise currency devaluation is the latest challenge for U.S. soybean exporters already facing their slowest sales pace in seven years as huge South American supplies and a strong dollar have been crimping demand for U.S. shipments for months.

China’s central bank on Tuesday set its official guidance rate down nearly 2 percent to its lowest point in almost three years, making imports costlier for the world’s top commodities buyer and No. 1 soybean importer.

Aug 7, 2015

Soybeans rally 2 percent on eroding crop prospects

CHICAGO, Aug 7 (Reuters) – U.S. soybean futures jumped more
than 2 percent on Friday and registered their first weekly gain
in five weeks, helped by signs of improving export demand and
expectations that the U.S. government will trim its harvest
forecast in a monthly crop report next week.

Corn and wheat futures firmed on support from rallying
soybeans and as traders squared positions ahead of next
Wednesday’s U.S. Department of Agriculture’s supply and demand
reports.

Aug 7, 2015

Soybeans rally as USDA seen trimming yield forecast

CHICAGO, Aug 7 (Reuters) – U.S. soybean futures jumped
nearly 2 percent on Friday and were on track for their first
weekly gain in five weeks, helped by signs of improving export
demand and expectations that the U.S. government will trim its
harvest forecast in a monthly crop report next week.

Corn and wheat futures firmed on support from rallying
soybeans and as traders squared positions ahead of next
Wednesday’s U.S. Department of Agriculture’s supply and demand
reports.

Aug 6, 2015

Cargill posts fourth-quarter loss on one-time charges, revenue down

By Karl Plume

(Reuters) – Global commodities trader Cargill Inc [CARG.UL] reported a net quarterly loss on Thursday due to one-time charges and lower profit in three of its four business segments, citing an economic slowdown in emerging markets.

The privately held company, based in Minnesota, posted a net loss of $51 million for the fiscal fourth quarter ended May 31, compared with a profit of $376 million a year earlier. The year-earlier profit was revised downward from $424 million as the company corrected a charge tied to a Venezuelan currency devaluation.