United States

Karl Plume

ADM, Cargill reach deal to swap U.S. Midwest grain elevators

Jul 11 2019

CHICAGO Large U.S. grain merchants Cargill Inc [CARG.UL] and Archer Daniels Midland Co have reached a deal to swap some of their grain elevators in the U.S. Midwest in a deal expected to close later this summer, both companies said on Thursday.

Cargill quarterly profit dives 41% on trade tensions, U.S. floods

Jul 11 2019

CHICAGO Global commodities trader Cargill Inc [CARG.UL] reported a 41% drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United States that hit marketing and transportation of grains and livestock.

Major grain traders face one-two punch from U.S. floods, trade war

Jul 10 2019

CHICAGO Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co and Bunge Ltd for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said.

LIVESTOCK-Nearby lean hog futures drop as U.S. herd expansion continues

Jun 28 2019

CHICAGO, June 28 Chicago Mercantile Exchange (CME) lean hog futures were mixed on Friday, with nearby contracts pressured by plentiful supplies of hogs and pork and deferred months buoyed by signs of a slowing multi-year U.S. hog herd expansion, traders said.

USDA reports large U.S. soybean sale to China ahead of Trump-Xi meeting

Jun 28 2019

CHICAGO The U.S. Department of Agriculture (USDA) on Friday reported a large soybean sale to China, an apparent goodwill gesture a day before the first meeting between U.S. President Donald Trump and Chinese President Xi Jinping in seven months.

LIVESTOCK-Lean hogs rally on short-covering before USDA confirms herd expansion

Jun 27 2019

CHICAGO, June 27 Chicago Mercantile Exchange (CME) lean hog futures rallied on Thursday on short-covering and position squaring near the end of the month and quarter after prices hit multi-month lows earlier this week, traders said.

LIVESTOCK-Live cattle rise on technicals, seasonally tighter supply

Jun 26 2019

CHICAGO, June 26 Chicago Mercantile Exchange (CME) live cattle futures firmed on Wednesday, lifted by technical and seasonal buying and as warmer weather around the country fueled hopes that beef demand for outdoor grilling would rise.

LIVESTOCK-Lean hogs rise on short-covering, technicals after 3-day plunge

Jun 25 2019

CHICAGO, June 25 Chicago Mercantile Exchange (CME) lean hog futures bounced on Tuesday on short-covering and technical buying following a three-session plunge that sliced prices by more than 10%, traders said.

LIVESTOCK-Lean hogs tumble for third straight session on ample supply

Jun 24 2019

CHICAGO, June 24 Chicago Mercantile Exchange (CME) lean hog futures fell sharply for a third straight session on Monday in a technical and fund- selling drop fueled by ample supplies of hogs and pork.

Armada of barges cleared for Mississippi River shipments after floods

Jun 21 2019

CHICAGO The upper Mississippi River reopened to barge traffic on Friday as vessels were cleared to ship through St. Louis harbor, the U.S. Coast Guard (USCG) said, and the situation quickly became a logistics nightmare as dozens of towboats and hundreds of delayed barges tried to maneuver upriver.

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