Tom's Feed
Jul 20, 2015

Iowa chicks sent as far away as Brazil to evade deadly bird flu

July 20 (Reuters) – Less than 24 hours after a deadly
infection of bird flu was confirmed at a turkey farm north of
Des Moines, Iowa, Bud Wood packed about 3,500 rare baby chicks
into boxes and put them in the back of a truck.

With the delicate birds just hours old, the president of
Murray McMurray Hatchery hit the road around 1 a.m. on a
Saturday to drive through the night to a friend’s farm in Texas
“just to have them in a safe place,” he said.

Jul 10, 2015

Corn sets 1-year highs on tighter old-crop U.S. supply, rains

CHICAGO, July 10 (Reuters) – U.S. corn futures reached
one-year highs, and soybeans jumped on Friday as the U.S.
Agriculture Department made bigger-than-expected cuts to its
estimates for stocks of crops left over from last year’s
harvests.

The reductions, revealed in a monthly USDA report, added to
concerns about supplies among traders worried that persistent
rains will hurt yields for the autumn harvests.

Jul 8, 2015

Soybeans rise in rebound from one-week low, wheat sinks

CHICAGO, July 8 (Reuters) – U.S. soybean futures rose from a
one-week low on Wednesday on bargain buying and renewed concerns
about excessive rains hurting U.S. production, while wheat
tumbled on poor export demand.

Corn futures ended near unchanged.

Forecasts for more unwanted storms in parts of the Midwest
lifted soybeans after weeks of heavy rains have flooded some
fields and prevented farmers from finishing their planting,
traders said.

Jul 7, 2015

U.S. plans changes to bird-flu response after criticism

By Tom Polansek

(Reuters) – The U.S. Agriculture Department wants to improve its handling of the nation’s worst-ever outbreak of bird flu in poultry after coming under criticism for a slow and confusing response.

The USDA is aiming to assign one person to communicate with each infected farm during the entire time the facility is affected by the deadly virus, John Clifford, the chief U.S. veterinary officer, said at a U.S. Senate Agriculture Committee hearing on Tuesday.

Jul 7, 2015

Closing bell rings on Chicago futures pits for final time

CHICAGO (Reuters) – CME Group Inc rang the closing bell on open-outcry futures markets on Monday after a few dozen Chicago traders donned their multicolored jackets to buy and sell soybean and Eurodollar futures the old-fashioned way one last time.

The world’s largest futures exchange operator ended most of its open-outcry futures operations in Chicago and New York without an extended review from U.S. regulators, concluding a tradition that once epitomized global financial markets but succumbed to the efficiency and speed of machines.

Jul 6, 2015

Corn, soy slip on improved U.S. weather, Greece jitters

CHICAGO, July 6 (Reuters) – U.S. corn and soybean futures
dropped on Monday as lighter-than-expected U.S. rainfall eased
fears about soggy Midwest crops while worries over Greece and
China led investors to shun many commodity markets.

Corn prices pulled back from 2015 highs notched last week
after heavy Midwest rains raised crop concerns and following a
tighter-than-expected U.S. Agriculture Department supply outlook
for corn and soybeans.

Jul 6, 2015

For Chicago futures traders, one final round in the ring

CHICAGO, July 6 (Reuters) – A few dozen Chicago traders
donned their multicolored jackets to trade soybean and
Eurodollar futures the old-fashioned way one last time on
Monday, marking the end of 167 years of open-outcry trading in
the city where it was born.

Barring a last-minute delay by U.S. regulators, CME Group
Inc will end most of its open-outcry futures operations
in Chicago and New York after the closing bell on Monday,
concluding a tradition that once epitomized global financial
markets but succumbed to the efficiency and speed of machines.

Jul 2, 2015

Hungry hogs, cattle gobble up grain during U.S. bird flu outbreak

CHICAGO (Reuters) – Higher numbers of hogs, cattle and broiler chickens are gobbling up animal feed, eating into supplies that were expected to grow due to the loss of 48 million chickens and turkeys in the worst-ever outbreak of bird flu in U.S. history.

The U.S. Department of Agriculture shocked markets on Tuesday when it reported that corn stocks as of June 1 were 2 percent smaller than traders and analysts had expected and soybean stocks were about 7 percent tighter.

Jun 30, 2015

USDA data ignite biggest daily rallies in 5 years

CHICAGO, June 30 (Reuters) – U.S. grain and soybean futures
on Tuesday climbed to their highest prices since December after
the U.S. Agriculture Department said crop stockpiles and spring
plantings were smaller than analysts expected.

Traders are keeping a close eye on supply data amid
uncertainty about how big the autumn corn and soybean harvests
will be, following weeks of heavy rains in the Midwest. The
storms have prevented farmers from finishing planting soybeans
and raised concerns about yield losses.

Jun 29, 2015

U.S. rains attract grain buyers’ attention, but not business

CHICAGO, June 29 (Reuters) – Heavy rains swamping U.S.
farmland are grabbing the attention of global grain buyers as
prices of corn and soybean futures soar on concerns about damage
from the deluge.

But demand for U.S. exports probably will not surge as the
weather worries spread beyond the farmhouses and coffee shops of
the rural Midwest. There is still plenty of cheaper grain
available from other countries.