Reading Time: 2 minutes Beijing | Reuters –– In the tense trade war with the United States, China’s government has turned to an unlikely weapon: a cartoon bean. “Hi, everybody. I am a soybean. I may not look like much, but I’m very important,” says the animated character in a video posted on Friday on the website of China […] Read more
‘Hi, I’m a soybean’: China deploys cartoon legume to reach U.S. farmers
CBOT weekly outlook: Soy and corn recover, but too early to call a bottom
Reading Time: 2 minutes CNS Canada — Soybean and corn futures at the Chicago Board of Trade recovered off of contract lows over the past week, but it’s still too early to say either commodity has found a bottom. “I’m looking for baby steps to confirm the bottom, and I haven’t seen anything of substance yet,” said Preston Zacharias, […] Read more
Corn, soybeans may have seen low point for now
Reading Time: < 1 minute CNS Canada — Agricultural markets throughout North America continue to weather a storm of tariffs and uncertain political interventions — and from where one trader sits, prices for corn and soybeans may have seen their low points. “We have gotten back down to recent lows in corn while beans have gotten cheap again,” said Brian […] Read more
AMIS adjusts world grain production outlooks
Reading Time: 2 minutes CNS Canada –– Global supply-demand outlooks, released by the market monitoring agency of an alliance of 11 international organizations, point to lower corn production for 2018-19. The Agricultural Market Information System (AMIS) Market Monitor report for July said the record corn harvest in 2017-18 will slip by more than four per cent in 2018-19. That’s […] Read more
CBOT weekly outlook: Soy market waiting on trade war
Reading Time: 2 minutes CNS Canada — It’s a wait-and-see game for traders who deal in corn and soybeans on the Chicago Board of Trade (CBOT). “It looks like we’re going to be concerned a lot about what happens with our friends from China here in the short term,” said Jack Scoville, of Price Futures Group in Chicago, on […] Read more
ICE weekly outlook: Canola to face pressure from northbound U.S. soy
Reading Time: < 1 minute CNS Canada — As Friday’s deadline nears for Chinese tariffs to be imposed on imports of U.S. soybeans, so too does the idea that eastern crushers could soon be bringing those unwanted beans into Canada. “Soybeans have become so cheap we’re going to find them leaking across the border, especially into Ontario,” said Mike Jubinville […] Read more
Brazil judge orders Monsanto to deposit royalties related to GMO seed
Reading Time: 2 minutes Sao Paulo | Reuters — A Brazilian judge has ordered local units of Monsanto to put royalties related to a GMO soy seed technology in an escrow account, in a decision likely to hinder the U.S. seed company’s ability to collect royalties from the business. The July 3 ruling relates to a patent dispute between […] Read more
CBOT weekly outlook: Soybeans should benefit as China lifts tariffs
Reading Time: 2 minutes CNS Canada — The $9 a bushel mark seems like a distant memory for soybeans as import tariffs between China and the U.S. continue to sap buying interest in the crop. China buys roughly 60 per cent of the United States’ annual soy exports — and there’s no telling when or how that shortfall will […] Read more
China drops import tariffs on feed ingredients from Asian neighbours
Reading Time: < 1 minute Beijing | Reuters — China on Tuesday said it would remove import tariffs on animal feed ingredients including soybeans from five Asian neighbours, in a sign that Beijing wants to boost foreign supplies of the commodities as a trade dispute with the U.S. escalates. The Ministry of Finance said it would drop tariffs on soybeans, […] Read more
Argentina’s grain exports halt in strike against Macri
Reading Time: < 1 minute Buenos Aires | Argentina — A strike called by Argentina’s largest trade union federation in protest over President Mauricio Macri’s market-friendly economic policies brought the country to a standstill on Monday, freezing grains exports and halting banking and public transit. The CGT umbrella labour union demanded wage hikes to keep up with inflation rates running […] Read more
A message from April Stewart, Country Guide's Associate Editor
