Michael's Feed
Aug 25, 2015

Smithfield says US pork exports to China jump 45 pct in 1st 6 months of year

CHICAGO, Aug 25 (Reuters) – Smithfield Foods Inc,
the world’s largest pork producer and processor, said its U.S.
pork exports to China jumped 45 percent in the first six months
of 2015 and would continue to grow for the rest of this year,
company officials said on Tuesday.

Smithfield President and Chief Executive Officer Ken
Sullivan said pork shipments to China benefited from the company
being a wholly owned subsidiary of China-based pork processor WH
Group Ltd, which acquired Smithfield for nearly $5
billion in 2013.

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.

Jul 17, 2015

Corn, wheat fall 1 pct or more on dollar gains, U.S. weather

CHICAGO, July 17 (Reuters) – U.S. corn and wheat fell as
much as 2 percent on Friday, while soybeans also declined as the
dollar climbed and rains provided needed moisture in the western
half of the Midwest Crop Belt.

Chart-based selling also was noted as prices for the crops
fell below key moving averages, triggering long liquidation.
Light short-covering limited losses, though, with some investors
exiting positions ahead of the weekend in a common occurrence in
summer “weather markets.”

Jul 17, 2015

Corn, wheat fall nearly 2 pct on dollar gains, U.S. weather

CHICAGO, July 17 (Reuters) – U.S. corn and wheat fell nearly
2 percent on Friday, while soybeans also declined as the dollar
climbed and rains provided needed moisture in the western half
of the Midwest Crop Belt.

Chart-based selling also was noted as prices for the crops
fell below key moving averages, triggering long liquidation.
Light short-covering limited losses, though, with some investors
exiting positions ahead of the weekend in a common occurrence in
summer “weather markets.”

Jul 15, 2015

Corn, soy fall on fund liquidation, better U.S. weather

CHICAGO, July 15 (Reuters) – U.S. corn and soybean futures
continued to retreat from multimonth highs on Wednesday,
pressured by investment fund selling tied to outlooks for drier
weather in the United States and reduced export demand.

Wheat futures declined to a two-week low as a rising dollar
contributed to a broad commodities selloff, with gold and
crude oil prices also falling sharply.

Jul 14, 2015

Corn tumbles from 1-year high on drier U.S. weather outlook

CHICAGO, July 14 (Reuters) – U.S. corn futures retreated
from an earlier one-year high and fell as much as 2 percent on
Tuesday on technical selling and forecasts for crop-friendly
weather in the United States.

Wheat futures also were lower, pressured by the advancing
winter wheat harvest. Soybean futures were little changed as a
Monday report of a decline in U.S. crop conditions was offset by
outlooks for favorable weather ahead.

Jul 13, 2015

Corn hits 1-year high on supply outlook, U.S. crop conditions

CHICAGO, July 13 (Reuters) – U.S. corn futures rose on
Monday for the fifth straight session, hitting a one-year high
on better-than-expected demand and as heavy rains limited the
yield potential of the new crop.

The U.S. Department of Agriculture, in a monthly report
issued on Friday surprised investors, showing corn and soybean
supplies at levels smaller than anticipated, sending prices
higher for each crop.

Jul 13, 2015

Corn holds near 1-year high on tightening supply outlook

CHICAGO, July 13 (Reuters) – U.S. corn futures rose on
Monday, on pace for their fifth straight session of gains and
holding near the highest levels in a year, on
better-than-expected demand and as heavy rains limited yield
potential of the new crop.

Soybeans were also higher on punishing showers while wheat
futures fell as much as 2 percent on lackluster export demand.

Jul 8, 2015

Brazilian corn cargos bound for Southeastern U.S. -traders

CHICAGO, July 8 (Reuters) – Cargill Inc next week
is likely to load 50,000 tonnes of Brazilian corn bound for the
United States, shipping data showed on Wednesday, in what is
expected to be the first of several bulk vessels of South
American grain that will be imported here this year.

Hog and poultry producers in the Southeastern United States
purchased two vessels of corn from South America for arrival in
August and September while at least one other vessel was likely
to arrive by March, three U.S. corn export traders said.

Jul 6, 2015

U.S. ethanol makers race to expand even with policy uncertainty

NEW YORK/CHICAGO, July 6 (Reuters) – Some U.S. ethanol
producers are racing to bring on capacity, pushing output to
fresh highs even as soaring corn prices tighten margins and the
nation’s biofuels program faces prolonged uncertainty.

Betting on exports and robust domestic fuel demand, four
companies are finalizing expansions and projects that will add
375 million gallons of corn-based ethanol capacity this year.