Agriculture News Results

  • Corn prices fall back to 2016 levels as COVID-19 lockdowns cut ethanol demand

    Corn prices could drop to their lowest levels in more than a decade as weakness in demand for gasoline pushes the cost of ethanol toward record lows, with much of the nation restricted from traveling in an attempt to slow the spread of the coronavirus pandemic. The decline in gasoline demand especially in the U.S. deeply "affects the king of the ag markets--corn," says Sal Gilbertie, president and chief investment officer at Teucrium Trading. U.S. motor gasoline demand was at roughly...

  • USDA Chicago Terminal Grain

    GX_GR110 Springfield, IL Fri, Apr 03, 2020 USDA-IL Dept of Ag Market News Chicago Terminal Grain Report To Arrive Truck and Rail Bids for Grain Delivered to Chicago. The following quotations represent Bids from Terminal Elevators, Processors, Mills, and Merchandisers after 1:30 p.m. today. Grain Bids Delivery Change Basis Change SRW Wheat 5.5425-5.6425 30 Days UP 7.5 5 K to 15 K UNCH Soybeans 8.3425-8.4425 Spot DN 4.5 -20 K to -10 K UNCH Soybeans 8.3425-8.4425 15-30 Days DN 4.5 -20...

  • Coronavirus upends global food supply chains in latest economic shock

    In the fertile Satara district in western India, farmers are putting their cattle on an unorthodox diet: Some feed iceberg lettuce to buffalo. It's not a treat. The farmers cannot get their produce to consumers because of lockdowns that aim to stop the spread of coronavirus. Across the globe, millions of laborers cannot get to the fields for harvesting and planting.

  • Luckin Coffee shares plummet 75% after financial misconduct investigation launched

    Luckin Coffee (LK), a major Starbucks (SBUX) competitor in China, was downgraded at KeyBanc. Luckin Coffee Inc. (LK), the up-and-coming Chinese coffee purveyor, saw shares plummet 75.6% in Thursday trading after it formed a special committee of three independent directors to investigate "misconduct, including fabricating certain transactions" that spanned the second through fourth quarters of 2019 and involved RMB2.2 billion. Jian Liu, chief operating officer at Luckin Coffee (LK) and a...

  • China Shanghai Rubber Futures Closing Prices, Volume

    Friday, April 3 2020 Natural Rubber Turnover: 216,376 lots Open High Low Settle Prev. Change Vol Open Settle Interest Apr-20 9,480 9,725 9,060 9,425 9,410 15 12 20 May-20 9,700 9,700 9,355 9,435 9,325 110 29,472 35,601 Jun-20 9,495 9,560 9,495 9,530 9,395 135 3 50 Jul-20 9,645 9,645 9,645 9,645 9,390 255 1 48 Aug-20 9,675 9,690 9,675 9,680 9,600 80 3 180 Sep-20 9,850 9,880 9,610 9,695 9,590 105 176,485 156,635 Oct-20 9,855 9,855 9,755 9,785 9,735 50 12 56 Nov-20 10,050 10,050 9,780...

  • Explainer: How the coronavirus crisis is affecting food supply

    The coronavirus pandemic has disrupted global food supplies and is causing labour shortages in agriculture worldwide. ARE WE FACING FOOD SHORTAGES? Panic buying by shoppers cleared supermarket shelves of staples such as pasta and flour as populations worldwide prepared for lockdowns.

  • GRAINS-Wheat rebounds from near 2-week low, but set for 4.5% weekly fall

    U.S. wheat futures rebounded on Friday from a near two-week low, although the grain remained on course for weekly losses of more than 4% on weak demand for North American supplies and fears about a prolonged coronavirus pandemic. FUNDAMENTALS. * The most active wheat futures on the Chicago Board Of Trade down 4.5% for the week, the first weekly loss in three weeks.

  • LIVESTOCK HIGHLIGHTS: Top Stories of the Day

    US Meat Exports Ail as Coronavirus Spreads-- Market Talk. 12:11 ET- As consumer pantry and freezer-stocking eases, the US meat industry remains reliant on export markets, but the coronavirus is proving a formidable hurdle. Sanderson Farms is still shipping poultry to China, where logistical constraints are easing, but it's a different story in markets like Kazakhstan and Vietnam, where mitigation efforts and stay-at-home orders are cutting into imports, says CEO Joe Sanderson.

  • GRAIN HIGHLIGHTS: Top Stories of the Day

    Wheat Drops on Weak Exports. Wheat for May delivery fell 1.5% to $5.41 3/ 4 a bushel on the Chicago Board of Trade on Thursday after the USDA reporting extremely low old crop export sales. Soybeans for May delivery fell 0.5% to $8.58 3/ 4 a bushel.

  • Brazil expects food price swings due to coronavirus outbreak -official

    Brazil is likely to face a period of large swings in food prices driven by the coronavirus outbreak and the government is planning support measures for farmers hurt by the crisis, an Agriculture Ministry official told Reuters on Thursday.

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