Tom's Feed
Aug 26, 2015

Bird flu aftershocks to drive U.S. turkey, egg prices higher

Aug 16 (Reuters) – Limited supplies of baby poultry and barn
space to house them will hamper U.S. farmers’ efforts to rebuild
ravaged egg supplies after the nation’s worst-ever outbreak of
bird flu.

As a result of the shortages and the loss of more than 48
million chickens and turkeys to the disease, egg prices will
climb higher than previously expected this year and remain high
through 2016, according to estimates from the U.S. Department of
Agriculture (USDA). Frozen wholesale turkey prices are expected
to be up to 19 percent higher for the key Thanksgiving holiday
than they were a year ago.

Aug 25, 2015

U.S. slashes forecast for 2015 farm incomes

CHICAGO, Aug 25 (Reuters) – U.S. farm incomes will drop by
more than half from their peak two years ago, according to U.S.
Department of Agriculture estimates issued on Tuesday that
signal deeper pain for sellers of agricultural equipment and
land.

The USDA projected farm incomes this year will drop by 36
percent from 2014 to $58.3 billion due to declining crop and
livestock prices. The forecast is down 20 percent from the
USDA’s February estimate of $73.6 billion.

Aug 24, 2015

China woes push soy to 6-year low, soyoil to 9-year low

CHICAGO, Aug 24 (Reuters) – U.S. soybean futures dropped to
their lowest levels in over six years on Monday and soyoil
touched a nine-year low as concerns about China’s faltering
economy fueled selloffs in commodities and equities markets.

Broad selling pressured markets early as investors rushed
for the exits after stock prices in China, the world’s top soy
importer, tumbled nearly 9 percent. However, soybean futures
pared losses and both corn and wheat turned higher as U.S.
stocks rebounded from steep session lows.

Aug 19, 2015

CME to cut minimum guaranty contribution for rate swap clearing

CHICAGO, Aug 19 (Reuters) – CME Group Inc plans to
reduce by 70 percent the minimum contribution that clearing
members in the interest rate swaps market must make to a
guaranty fund because of increased trading, the exchange
operator said on Wednesday.

Starting on Aug. 31, the minimum contribution to CME’s
interest rate swap, or IRS, guaranty fund will drop to $15
million from $50 million, according to a notice sent to
customers and posted on the company’s website.

Aug 16, 2015

Bird flu aftershocks to drive U.S. turkey, egg prices higher

Aug 16 (Reuters) – Limited supplies of baby poultry and barn
space to house them will hamper U.S. farmers’ efforts to rebuild
ravaged egg supplies after the nation’s worst-ever outbreak of
bird flu.

As a result of the shortages and the loss of more than 48
million chickens and turkeys to the disease, egg prices will
climb higher than previously expected this year and remain high
through 2016, according to estimates from the U.S. Department of
Agriculture (USDA). Frozen wholesale turkey prices are expected
to be up to 19 percent higher for the key Thanksgiving holiday
than they were a year ago.

Aug 5, 2015

Illinois stokes debate over U.S. corn yield

CHICAGO, Aug 5 (Reuters) – Debate about the size of the
autumn U.S. corn harvest revolves largely around one place this
summer: Illinois.

Grain traders and analysts are putting unusual attention on
the second-largest corn producing state because variable weather
conditions this spring fueled a wide range of opinions about the
condition of its crops.

Aug 5, 2015

Prices advance on U.S. crop, weather worries

CHICAGO, Aug 5 (Reuters) – U.S. grain and soybean futures jumped on
Wednesday as concerns about poor weather hurting autumn harvests fueled a
recovery from recent losses in the markets.

The U.S. Department of Agriculture, in a crop report on Aug. 12, may trim
its U.S. soybean acreage and ending stocks estimates because of excessive rains
that disrupted spring plantings, traders said.

Aug 4, 2015

ADM second-quarter profit miss estimates on weaker ethanol margins

CHICAGO (Reuters) – U.S. agribusiness group Archer Daniels Midland Co (ADM.N: Quote, Profile, Research, Stock Buzz) reported a lower-than-expected quarterly profit on Tuesday following declines in ethanol margins and exports from North America.

The Chicago-based grain trader and processor became the second major crop handler to disappoint investors with second- quarter results after rival Bunge Ltd (BG.N: Quote, Profile, Research, Stock Buzz) last week posted sharply lower earnings.

Aug 4, 2015

ADM 2nd-qtr profit miss estimates on weaker ethanol margins

CHICAGO, Aug 4 (Reuters) – U.S. agribusiness group Archer
Daniels Midland Co reported a lower-than-expected
quarterly profit on Tuesday following declines in ethanol
margins and exports from North America.

The Chicago-based grain trader and processor became the
second major crop handler to disappoint investors with second-
quarter results after rival Bunge Ltd last week posted
sharply lower earnings.

Jul 31, 2015

CBOE second-quarter results top estimates on higher fees, fines

CHICAGO (Reuters) – CBOE Holdings Inc (CBOE.O: Quote, Profile, Research, Stock Buzz), operator of the largest U.S. stock options market, reported stronger-than-expected quarterly earnings and revenue on Friday due to increased transaction fees and regulatory fines imposed against customers.

Income from higher fees and disciplinary action helped counteract a 9 percent slump in trading volumes during the second quarter ended on June 30. The average revenue per contract (RPC) rose 14 percent to 36.8 cents from a year earlier as clients shifted to more expensive products and after CBOE raised some fees.