Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures rose on Tuesday in a turnaround from recent sharp losses, while soymeal futures neared a two-week high following a decision by Argentina to suspend cuts to export taxes for the livestock feed, traders said. Prices were recovering after tumbling on Friday when the U.S. Department of […] Read more
U.S. grains: Prices recover from recent losses
U.S. grains: Soy up from three-week low as record harvest looms
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures turned higher on Monday after touching their lowest levels in over three weeks on expectations that domestic inventories will pile up due to a record harvest and the ongoing trade dispute with Beijing. Prices recovered from a 4.7 per cent selloff on Friday that was ignited by a […] Read more
U.S. grains: Soybeans fall as U.S.-China trade war fears intensify
Reading Time: 2 minutes Chicago | Reuters – U.S. soybean futures fell on Wednesday as worries that U.S. President Donald Trump could propose additional tariffs on Chinese goods knocked prices down from a six-week high touched a session earlier. Wheat futures reached a one-year high on worries about drought reducing harvests in nations that are major exporters. The losses […] Read more
ADM earnings double, helped by U.S.-China trade row
Reading Time: 2 minutes Chicago | Reuters – Archer Daniels Midland Co’s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.-China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New […] Read more
U.S. grains: Soy jumps as U.S. readies aid for farmers
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to two-week highs on Tuesday as the Trump administration said it would provide up to US$12 billion in aid to shield U.S. farmers from economic pain stemming from trade disputes. The program will include direct payments for farmers, and those who grow soybeans are expected to be […] Read more
U.S. grains: Wheat retreats after nearing six-week peak
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures pulled back on Monday after approaching a six-week high on concerns about dry weather eating into harvests in some of the world’s main exporting countries. Corn futures advanced for the sixth consecutive session to reach their highest prices in three weeks, while soybeans neared a two-week high before […] Read more
U.S. grains: Wheat up on technical buying, export hopes
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures sailed to their highest prices in more than a month on Friday on technical buying and expectations for increased U.S. exports as poor crop weather hurts harvests in other countries. Corn and soybean futures each advanced for the fifth straight day. Traders focused on dry weather reducing harvest […] Read more
U.S. grains: Markets rise on corn export demand, crop worries
Reading Time: 2 minutes Chicago | Reuters — U.S. grain futures rose on Thursday on strong demand for corn and worries that harvests may be smaller than expected due to unfavourable global weather. Soybean futures shook off early losses to end higher despite concerns about the ongoing trade battle with China, the world’s top buyer of the oilseed. Last […] Read more
U.S. grains: Markets set one-week highs on export hopes, weather woes
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures touched their highest prices in about a week on Wednesday, as agricultural markets stabilized following recent drops to contract lows. Hopes for increased U.S. commodity export demand helped support soy prices after the market fell to a 10-year low on Monday amid widespread concerns about the […] Read more
U.S. grains: Soy, corn rise on decline in crop conditions
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures rose on Tuesday as lower-than-expected crop ratings and increased hopes for a resolution to the U.S.-China trade battle helped to extend a recovery from sharp losses last week. The markets advanced after the U.S. Department of Agriculture said on Monday that 69 per cent of the […] Read more