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Food distributor Sysco’s profit misses as costs rise

Sysco Corp. reported a lower-than-expected quarterly profit, hurt by higher costs and a strong dollar, a day before hearing begins on the Federal Trade Commission’s motion to block the company’s acquisition of rival US Foods Inc.

Markets: Fundamentals turn bearish

Markets: Fundamentals turn bearish

All wheat contracts traded to five-year lows last week before finding willing buyers. The corn market broke out of its three-month range to the downside last week. Soybeans opened the week with modest gains April 27 and 28, as buying supported the market at prices near six-month lows.

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Improving weather dampens market

Improving weather dampens market

Wheat traded with gains last week, as technical buying stepped in to help push wheat off its lows. The corn market lost ground, with expectations that planting picked up with an open week of weather in the Midwest, and the funds continue to hold a large short position. Soybeans traded higher to start the week, as demand continues to support the market despite the ongoing South American harvest.

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Weather concerns drive market

Weather concerns drive market

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South Dakota livestock profits soar in 2014

South Dakota livestock profits soar in 2014

Hog and cattle prices hit an all-time high for South Dakota livestock producers in 2014. “Both hogs and cattle experienced an exceptional ride this past year,” says Lori Tonak, Mitchell (S.D.) Technical Institute instructor of farm business management in a press release.

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Cargo ships stuck off Yemen as fighting worsens food supply

At least five merchant vessels carrying food are stuck off Yemen, shipping data showed on Wednesday, as warships from a Saudi-led coalition search them for weapons bound for Iran-allied Houthi rebel forces, with delays adding to a humanitarian crisis.

Market under pressure ahead of USDA report

Market under pressure ahead of USDA report

The grain trade this past week was anticipating the release of the U.S. Department of Agriculture's crop conditions report.

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Lentils have good marketing year

If you’re a lentil grower, you’ve just had the best marketing winter of your career. You probably had an OK yield but, with all the rain at harvest, you probably harvested your worst-quality crop. Here’s where everything worked. Demand has been red-hot, including for product that, in another year, might have been destined for the feed market.

Market shifts ahead of USDA planting report

For the week ending March 26, May Minneapolis lost 26.25 cents, May Chicago fell 30.75 cents and May Kansas City lost 26.5 cents. As of 10 a.m. March 27, wheat trade was up 2.5 cents to 7 cents.

Manitoba soybeans trading at January levels

Soybeans in Manitoba are flat, trading about where they were in January. Buyers price off Chicago Board of Trade futures, and they had a minor run in February so there were slightly better prices available for a while. Delmar International Inc. is paying 30 cents over May, putting it at $10.10 the morning of March 24, while elevators are about $9.80 per bushel.

Volatile dollar shakes up markets

Volatile dollar shakes up markets

For the week ending March 19, May Minneapolis gained 5.25 cents, May Chicago gained 10 cents and May Kansas City gained 11 cents. As of 10 a.m. March 20, wheat trade was up 8.5 to 12.5 cents.

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Flax market might ease; pea prices down

WINNIPEG, Manitoba — Flax continues to have a good market. Legumex is paying $14.50 per bushel delivered in Winkler, Manitoba. Elevators are about $13.50. Compared with canola, flax is on the expensive side.

Think tank predicts payment peak

Government support for U.S. grain farmers under the new five-year farm bill will peak with the coming 2015 crop, the Food and Agricultural Policy Research Institute says in a new report.

Oats markets on the way down

Small gains for grains

Small gains for grains

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