Insights and Stories of Karl Plume

Feb. 24, 2020 at 7:36 pm CST

Chicago | Reuters — U.S. grain and soy futures tumbled on Monday as fears over the rapid spread of the coronavirus outbreak beyond China dragged down broader markets and underpinned the dollar. Technical selling further fuelled the drop, with corn and soybeans down nearly two per cent and wheat down […]

By Karl Plume

Feb. 24, 2020 at 7:24 pm CST

Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures plunged on Monday as a surge of coronavirus cases beyond China stoked fears of U.S. meat export delays and slower global economic growth. The actively-traded April live cattle contract and nearly all feeder cattle contracts closed down by their […]

By Karl Plume

Feb. 12, 2020 at 9:29 am CST

Chicago | Reuters — Agricultural commodities trader Bunge reported a stronger-than-expected quarterly profit on Wednesday as rising crop prices boosted farmer sales in South America and swelled margins in its large agribusiness segment, sending shares up more than three per cent in pre-market trading. But uncertainty about global trade and […]

By Karl Plume

Feb. 6, 2020 at 7:12 pm CST

Chicago | Reuters — Coronavirus is disrupting meat shipments to China as the country faces a shortage due to an outbreak of a fatal pig disease, Tyson Foods Inc and U.S. agricultural groups said on Thursday. An outbreak of African swine fever, which infects only pigs, has decimated China’s herd, […]

By Karl Plume, Tom Polansek

Jan. 10, 2020 at 7:45 pm CST

Chicago | Reuters — U.S. corn and soybeans were steady to higher on Friday as investors looked past revised U.S. Department of Agriculture (USDA) supply-and-demand projections and focused on improved prospects for exports to China, which is due to sign an interim trade deal with the United States next week. […]

By Karl Plume