Friday, April 17, 2015 3:57PM CDT
With the Old World bollworm established in Puerto Rico, USDA is ramping up funding and research to survey and detect the pest on the U.S. mainland, while Monsanto is seeking to increase U.S. acres devoted to its new Bt soybean product.
Friday, April 17, 2015 11:40AM CDT
While the avian influenza outbreak is unlikely to cause a poultry supply shortage, the length of time barns sit idle could have an impact on corn consumption. It could also put pressure on retail beef sales in the heat of grilling season.
May corn was unchanged, May soybeans were 1 cent lower, and May Chicago wheat was fractionally higher.
Anticipate a mixed opening in cattle pits this morning as specs and commercials slowly position ahead of feedlot cash. Lean hog futures should also begin with uneven price action tied to a combo of carryover buying and profit taking.