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LIVESTOCK HIGHLIGHTS: Top Stories of the Day


LIVESTOCK HIGHLIGHTS: Top Stories of the Day
02/24/2021 | 05:46pm EDT
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Farmers Ask for Extension in Applying for Covid Relief Market Talk
12:13 ET - In the wake of bitter cold temperatures descending on farmlands across the country, the American Farm Bureau is asking the federal government to extend the deadline for applying for the Coronavirus Food Assistance Program, which would supply farmers $13B in aid. The current deadline is this Friday, February 26, but recent severe weather and the suspension of CFAP payments led to challenges and confusion surrounding the application process, says Farm Bureau president Zippy Duvall in a letter addressed to Agriculture Secretary Tom Vilsack. ([email protected], @kirkmaltais) ....

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GRAIN HIGHLIGHTS: Top Stories of the Day


Wheat Rises on Global Winterkill Worries
Wheat for March delivery rose 2.3% to $6.85 1/2 a bushel on the Chicago Board of Trade on Wednesday amid fears that cold temperatures in places such as Russia would cramp the world wheat supply. Soybeans for March delivery rose 1.2% to $14.25 3/4 a bushel. Corn for March delivery rose 0.8% to $5.57 a bushel.
Wheat led grain futures higher Wednesday, with traders focusing on cold temperatures in Russia after last week s frigid spell in many parts of the U.S. The possibility of winterkill crop damage in other parts of the world could further pressure world wheat supply.
There wasn t a clear catalyst to boost the wheat, but there are several snippets around the globe, said ED&F Man Capital. ....

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