Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures set a six-week low on Tuesday under pressure from a lack of Chinese demand and increased competition for export sales from Argentina, analysts said. The market finished slightly higher in a technical rebound, traders said. Wheat futures also recovered after setting contract lows, with an expected boost to […] Read more
U.S. grains: Soy futures set six-week low as China buys Argentine cargoes, snubs U.S.
China trade envoy meets US Midwest delegation as agriculture exports loom large in talks
Reading Time: < 1 minute Senior Chinese trade negotiator Li Chenggang met political and business leaders from the U.S. Midwest. Analysts speculate the region’s food exports will be key to any U.S.-China trade deal.
Wildfire smoke helped counter extreme heat, benefitting this year’s canola crop
Reading Time: 4 minutes As Canada’s western provinces experience the second-worst wildfire season in decades, driven by hotter and drier conditions due to climate change, some canola farmers say they are seeing an unexpected benefit to the hazy summer skies.
U.S. livestock: Cattle futures higher on screwworm news
Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange live cattle futures closed higher on Monday after news that New World screwworm, a flesh-eating parasite, was detected 70 miles from the U.S.-Mexico border, analysts said. Analysts believed the news would mean the U.S.-Mexico border will be closed to feeder cattle imports for the foreseeable future. “It’s bullish […] Read more
U.S. grains: Soybeans drop on lack of Chinese demand, wheat hits contract lows
Reading Time: < 1 minute Chicago | Reuters – soybeans fell to a six-week low on Monday, as a phone call last week between U.S. President Donald Trump and Chinese President Xi Jinping provided no signs of progress on negotiations over agricultural exports, analysts said. Wheat fell on expectations of plentiful global supplies. Corn also dipped as dealers awaited the […] Read more
Canadian durum samples show damage from wet weather
Reading Time: 2 minutes Canada’s durum crop has been damaged from rainy, damp conditions, with some farmers holding off on harvesting crops in the hopes of drier weather the Canadian Grain Commission said.
Mexico confirms case of New World screwworm in northern state, USDA says
Reading Time: < 1 minute Mexico confirmed a new case of New World screwworm in Sabinas Hidalgo, Nuevo Leon, less than 70 miles (113 km) from the U.S.-Mexico border, the U.S. Department of Agriculture said.
U.S. grains: Soybean futures fall after Trump-Xi call
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to their lowest in a week on Friday, erasing early gains after a phone call between U.S. President Donald Trump and Chinese President Xi Jinping failed to yield news on soybean exports, analysts said. Corn and wheat futures followed soybeans lower. Additional pressure stemmed from the ongoing […] Read more
Louis Dreyfus posts higher volumes, lower profits in first half
Reading Time: < 1 minute Agricultural commodity merchant Louis Dreyfus Company recorded a rise in first-half sales, supported by higher volumes shipped, but weaker prices for most crops pushed down profits, it said on Friday.
China snaps up Australian canola after trade spat with Canada, sources say
Reading Time: 2 minutes Chinese state trading firm COFCO has bought up to nine 60,000-metric-ton cargoes of Australian canola, three trade sources told Reuters, after Beijing last month imposed preliminary anti-dumping duties on imports of the oilseed from traditional supplier Canada.