Wheat Drops as Rain Hits the U.S. Wheat for March delivery fell 3.4% to $5.96 1/ 2 a bushel, on the Chicago Board of Trade Tuesday, correcting from the past three days of upticks as rain hit growing areas in the U.S. Corn for March delivery fell 1.2% to $4.27 1/ 2 a bushel.
Smucker to Benefit from Changes to Consumer Behavior-- Market Talk. 1637 ET- JM Smucker, the company behind Jif peanut butter, fruit spreads and Uncrustables sandwiches, expects to profit as consumers eat more at home during the coronavirus pandemic, Chief Financial Officer Tucker Marshall said Tuesday. "The increased at-home consumption really another opportunity for our company, with consumers creating new behaviors that we expect to be lasting," Marshall said.
Deere& Co. raised expectations for profits next year, anticipating that higher crop prices will lead to improving demand from U.S. farmers for its tractors and harvesting combines. Dry weather in the U.S. this summer contributed to a less robust harvest than anticipated, as demand for wheat, soybeans and corn rose due to higher consumption of dinners and baked goods at home during the coronavirus pandemic. That helped to shrink grain stockpiles and pushed up crop prices, which have...
Wheat for March delivery rose 2.2% to $6.17 1/ 2 a bushel, on the Chicago Board of Trade Tuesday, in reaction to the USDA reporting a decline in the condition of U.S. winter wheat. Soybeans for January delivery were unchanged at $11.91 1/ 4 a bushel. Corn for March delivery fell 0.2% to $4.32 1/ 2 a bushel.
Hormel Foods 4 Q Profit Damped by Food-Service Slump. Hormel Foods Corp. Tuesday recorded a smaller profit in its fiscal fourth quarter as a shrinking food-service sector during the coronavirus pandemic dragged against sales for several of the company's product lines. The Austin, Minn.-based food and meat producer logged a profit of $234.4 million, or 43 cents a share, in the three months ended Oct. 25, compared with a profit of $255.5 million, or 47 cents a share, in the same...
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
PDF’s require Adobe® Reader® and will open in a new window.
