WASHINGTON, Feb 19 (Reuters) – U.S. wheat production will
fall 12 percent this year to 1.945 billion bushels as farmers
sow more corn and soybeans as large world wheat stocks weigh on
prices, the U.S. Agriculture Department said on Friday.
In a sign of strong economies worldwide, U.S. cotton
production was forecast to rise to 16 million bales, compared
with 12.4 million bales last year, the USDA said at its annual
CHICAGO, Feb 4 (Reuters) – U.S. lumber futures rose to
their highest level in 29 months on Thursday, spurred by
retailers and distributors restocking supplies ahead of the
spring building season, analysts and traders said.
It was the sixth straight session of higher prices, which
rose on Thursday by the $10 daily trading limit set by the
exchange to limit volatility. Contract highs were set in the
March, May, July and September.
CHICAGO (Reuters) – U.S. farmers grew record-large corn and soy crops in 2009 but production in 2010 could be even bigger, aided by an El Nino weather pattern that is typically a boon to the Midwest but less so for growers in Australia and southeast Asia, a forecaster said on Thursday.
Allen Motew, meteorologist at QT Weather, forecast a dry U.S. spring, which should minimize problems at planting time, followed by a favorably wet summer growing season.
CHICAGO/HAMBURG (Reuters) – Blasts of Arctic winds and drifting snow gripped much of the northern United States and Canada on Thursday, slowing business in the agricultural sector and threatening to disrupt natural gas production.
In Europe, heavy snowfall protected the wheat crop in the continent’s western region from being damaged by frosts.
CHICAGO/HAMBURG, Jan 7 (Reuters) – Blasts of Arctic winds
and drifting snow gripped much of the northern United States
and Canada on Thursday, slowing business in the agricultural
sector and threatening to disrupt natural gas production.
In Europe, heavy snowfall protected the wheat crop in the
continent’s western region from being damaged by frosts.
CHICAGO (Reuters) – As much as 100 million bushels of U.S. corn could be lost after heavy snowstorms in recent days likely delayed until spring the final stages of an already historically slow harvest, analysts and meteorologists said on Monday.
The harvest delays helped to push up corn futures more than 1 percent to a six-month high on Monday at the Chicago Board of Trade.
CHICAGO (Reuters) – With U.S. chicken production set to fall for the first time in 36 years and demand for chicken wings on the rise as hungry football fans flock to sports bars, restaurants are running into an age-old problem: a chicken has only two wings.
Coming to the rescue are so-called “boneless wings,” small bits of chicken breast meat that are breaded, flavored, fried and served.
CHICAGO (Reuters) – Demand for distiller’s grain, a byproduct of distilling corn into ethanol, will continue to grow domestically and abroad as livestock producers turn to the feed as a cheaper alternative to corn, analysts said.
And with the ethanol industry gearing up for a better year in 2010 after the financial crisis of 2008 triggered by corn prices hitting record highs, more distiller’s grain should be making its way into the U.S. livestock sector.