Reading Time: < 1 minute MarketsFarm — Corn contracts have tested contract lows on the Chicago Board of Trade, and markets are in need of a bounce. “If contract lows get taken out, you’re talking almost another 10 cents to the downside,” said Steve Georgy, president of Allendale Inc. at McHenry, Illinois. “It’s going to be very important for us […] Read more
CBOT weekly outlook: Traders watching weather
U.S. livestock: CME cattle down as USDA launches beef market probe
Reading Time: 2 minutes Chicago | Reuters — U.S live cattle futures fell on Wednesday on large domestic supplies, analysts said, as the U.S. Department of Agriculture launched an investigation into the wide gap with beef prices. Cattle prices have weakened recently after a fire at a Tyson Foods slaughterhouse in Kansas temporarily eliminated a key buyer of livestock. […] Read more
U.S. grains: Soy slumps on improved crop rating
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures retreated on Tuesday on improving crop prospects and a lack of progress in trade talks with China, the world’s top importer of the oilseed, traders said. Prices took a hit after soybeans climbed on Monday on short covering and hopes for easing tensions in the trade war between […] Read more
U.S. livestock: CME hogs, cattle drop on large supplies
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures crumbled under the weight of large supplies and a lack of news about trade talks with China on Tuesday, while cattle futures also weakened. The declines were a turnaround from Monday, when hog futures climbed on hopes for easing tensions in the trade war between Washington and […] Read more
U.S. livestock: CME hogs limit up as trade tensions cool
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures jumped Monday as U.S. President Donald Trump predicted a trade deal with China after positive gestures by Beijing. Signs of cooling trade tensions supported the market, traders said, after China imposed retaliatory tariffs on imports of U.S. pork and other farm products last year […] Read more
U.S. grains: Soybean futures rise as trade tensions ease
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Monday as President Donald Trump predicted a trade deal with China, cooling fears about escalating tensions with the top importer of the oilseed. Traders grew hopeful that the world’s two largest economies could move toward an agreement to end their trade war as Trump said he […] Read more
Chinese pork imports seen doubling over two years by 2020
Reading Time: 2 minutes Sao Paulo | Reuters — Chinese pork meat imports are projected to sharply rise from 2.1 million tonnes in 2018 to 3.3 million tonnes in 2019 and 4.2 million tonnes in 2020, because of the African swine fever outbreak, broker and consultancy INTL FCStone said on Monday. FCStone estimated during a commodities outlook conference in […] Read more
U.S. livestock: CME hogs limit down as trade war heats up
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures tumbled on Friday, with the benchmark October contract falling its daily three-cent limit after China announced a fresh set of tariffs on U.S. agricultural products, traders said. China will levy extra 10 per cent tariffs on U.S. beef and pork from Sept. 1, its commerce […] Read more
U.S. grains: Soy, corn slide following fresh round of China tariffs
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures hit a three-month low and soybeans neared a three-week bottom after China said it would impose additional tariffs on U.S. products including grains and soy, escalating the trade war between the world’s top two economies. On the Chicago Board of Trade, soybean futures posted the biggest declines. China […] Read more
China strikes back at U.S. with new tariffs on soybeans, beef, pork, more
Reading Time: 2 minutes Beijing | Reuters — China said Friday it will impose retaliatory tariffs against about US$75 billion worth of U.S. goods, putting as much as an extra 10 per cent on top of existing rates in the dispute between the world’s top two economies. The latest salvo from China comes after the United States unveiled tariffs […] Read more
A message from April Stewart, Country Guide's Associate Editor
