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U.S. grains: Corn, soy gain as market wrestles with export, crop prospects

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tagged acreage cbot China closing markets Corn corn futures heat wave Midwest soybean futures Soybeans trade talks Wheat wheat futures
Chicago | Reuters -- Chicago corn and soybean futures settled up on Friday as investors weighed trade talks between the United States and China and expected cooler U.S. weather against uncertainty over acreage levels following a rain-soaked spring. Some analysts said there may be some technical buying pushing up futures, especially soybeans. They also looked to expected cooler temperatures early next week as a heat wave descended on much of the Midwest. Traders pondered whether a…
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U.S. livestock: Hogs top five-week high on China demand expectations

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tagged Beef Cattle Cattle cattle futures China closing markets CME feeder cattle hog futures hogs lean hog live cattle packers Pork Swine
Chicago | Reuters -- Chicago Mercantile Exchange (CME) lean hog futures reached their highest prices in more than five weeks on Friday on expectations for increased pork demand from China, the world's top importer. Live cattle futures ended higher after dropping to their lowest prices in more than a week. Hog traders expect China, the world's biggest hog producer, to ramp up pork imports later this year after a fatal hog disease killed millions of pigs there and lifted pork…
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U.S. grains: Soy falls on cooler weather, China cancellation

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tagged cancellation cbot China closing markets Corn corn futures soybean futures Soybeans swine fever USDA Wheat wheat futures
Chicago | Reuters -- Chicago soybean futures settled down following a choppy day of trading on Thursday, after hitting the lowest level in more than a week on forecasts for cooler weather and export data showing China had canceled soy purchases for the first time since April. U.S. Agriculture Department data showed the world's top soybean importer canceled purchases of 9,853 tonnes of U.S. soy last week as the bilateral trade war remained unresolved. The August soybean contract…
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U.S. livestock: Hogs rise amid hopes of China pork demand

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tagged Beef Cattle Cattle cattle futures China closing markets CME feeder cattle hog futures hogs lean hog live cattle Pork Swine USDA
Chicago | Reuters -- Chicago Mercantile Exchange (CME) lean hog futures reached their highest prices in about a month on Thursday on expectations of bigger pork imports by China, traders said. A recent rise in Chinese pork prices, linked to an outbreak of a fatal hog disease in Asia, is fueling expectations that buyers there will increase imports later this year and in 2020, traders said. China, the world's biggest hog producer and pork consumer, has reported more than 140…
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Inspections group SGS to slim workforce

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tagged agriculture analysis BioVision fumigation inspection seed research SGS testing
Geneva | Reuters -- Swiss inspections group SGS plans to trim its workforce by 2,000 across about 120 countries in a process of natural attrition rather than sudden cuts or corporate restructuring, company spokesman Daniel Rufenacht said on Thursday. CEO Frankie Ng was earlier quoted by Swiss newspapers Handelszeitung and Tribune de Geneve as saying an analyst report that the company could shed 2,000-3,000 of its 97,000 jobs seemed quite realistic, adding that the…
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Grain equipment firm AGI takes stake in Farmobile

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tagged Ag Growth AGI farm data Farmobile field activity field records grain bins IntelliFarms Internet of Things PUC SureTrack
Canadian grain handling and storage equipment maker Ag Growth International plans to dial up its collaboration with ag tech firm Farmobile and has taken a minority stake in the U.S. company to that end. Winnipeg-based AGI announced Tuesday it had agreed to make a "minority equity investment" of US$15 million (C$19.57 million) in Farmobile, effective Wednesday. Neither company said how much of an equity stake $15 million would buy, percentage-wise, but AGI noted the deal comes with the…
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CBOT weekly outlook: Market stuck in range until acreage report

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tagged acreage cbot corn futures Illinois planting soybean futures USDA
MarketsFarm -- Until the U.S. Department of Agriculture issues its next acreage report, expect the Chicago Board of Trade to remain stuck within a range, a trader said. "Until the August report and the USDA verifies the plenty of preventative planting acres, and if August happens to be hot and dry side, I can expect corn to go through $5 (per bushel) with no problem," said Scott Capinegro, president of Barrington Commodities at Barrington, Ill. In USDA's most recent acreage…
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ICE weekly outlook: Choppy canola trade likely

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tagged acreage alberta canola futures canola market cbot Corn ICE Futures manitoba Oilseeds saskatchewan Soybeans USDA
MarketsFarm -- The ICE Futures canola market tested major chart support during the week ended Wednesday, but could be due for some choppy activity and eventual strength over the next few weeks, depending on what happens with the weather and in U.S. corn and soybean markets. The canola crop looks good across much of Alberta and Manitoba, but is still in trouble in many areas of Saskatchewan, according to analyst Wayne Palmer of Exceed Grain Marketing. While shifting Prairie…
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U.S. grains: Wheat, soybeans slightly lower after midday rise

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tagged cbot closing markets Corn corn futures Midwest soybean futures Soybeans USDA Wheat wheat futures
Chicago | Reuters -- Chicago wheat and soybean futures settled slightly lower on Wednesday as forecasts for cooler weather lifted expectations for better crop conditions after this week's hot spell, though corn edged higher. Markets had been falling since Monday's U.S. Department of Agriculture (USDA) weekly crop progress report, which showed conditions for soy and corn improved from the previous week. Traders were still monitoring temperatures, which were set to exceed 90 F (32…
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U.S. livestock: Hogs near limit up on renewed pork export hopes

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tagged Beef Cattle beef prices cattle futures China closing markets CME feeder cattle hog futures hogs lean hog live cattle Pork Swine swine fever
Chicago | Reuters -- Chicago Mercantile Exchange lean hog futures soared by the daily limit and approached a one-month high on Wednesday on renewed hopes that China will increase pork imports to compensate for pigs killed in a widespread outbreak of a fatal swine disease. China's agriculture ministry said a new outbreak of African swine fever had been confirmed in Sichuan province in the southwest of the country. The world's biggest pork consumer has reported more than 140…
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