Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell for a third straight session on Tuesday on technical selling and fund long liquidation following the market’s recent climb to one-year highs, traders said. Open interest in live cattle futures was expected to be lower for a second straight session after hitting an all-time […] Read more
U.S. livestock: Live cattle retreat on technical selling, fund liquidation
China’s battle against Canadian canola looms over soy
Reading Time: < 1 minute MarketsFarm — As headlines are transfixed with China’s ongoing dispute with Canada, some are concerned soybeans will receive the same treatment as canola. “We’ll still use quite a few soybeans in this country as it is,” said Dale McManus, a grain broker with Johnston’s Grain at Welwyn, Sask. However, he clarified, “everything you’re watching about […] Read more
U.S. grains: Wheat edges lower on profit-taking
Reading Time: 2 minutes New York | Reuters — U.S. wheat futures inched lower on Tuesday as investors took profits after prices hit a one-month high on U.S. export optimism and adverse weather in the United States that threatened to delay sowing. Soybean and corn futures fell on technical selling. Chicago Board of Trade May wheat dropped 1/4 cent […] Read more
China’s ban on Canadian canola expands to Viterra
Reading Time: 2 minutes Beijing/Ottawa | Reuters — China expanded its ban on Canadian canola seed imports on Tuesday to include shipments from Viterra, the latest development in a wider trade dispute between the two countries. Viterra is the second canola exporter to have its registration cancelled, after Beijing halted shipments from top exporter Richardson International earlier this month. […] Read more
ADM says U.S. floods to cut into Q1 operating profit
Reading Time: < 1 minute Chicago | Reuters — Flooding and severe winter weather in the U.S. Midwest will reduce Archer Daniels Midland’s first-quarter operating profit by US$50 million to $60 million, the U.S. grains trader said on Monday. Record floods have devastated a wide swath of the farm belt across Iowa, Nebraska, South Dakota and several other states. The […] Read more
U.S. livestock: Live cattle tumble on bearish USDA data
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures dropped sharply on Monday in reaction to a government report that showed larger-than-expected supplies of cattle on feed in the U.S., traders said. Nearby cattle futures contracts fell more than 1.5 per cent, with selling accelerating as prices breached key technical support levels. The selling […] Read more
U.S. livestock: Lean hogs notch fresh contract highs on export hopes
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures rose to contract highs for a third straight session on Friday on hopes for strong demand from China before easing from those peaks on profit-taking and technical selling, traders said. China is expected to be in the market for imported pork as the deadly hog […] Read more
U.S. grains: Corn up on China buying, flood worries
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures rose to a 3-1/2-week high on Friday as China booked its largest purchase of the grain in more than five years and as flooding in the western U.S. Midwest raised concerns over spring planting. Technical selling and profit-taking later pulled corn from the highs, although the market closed […] Read more
Trudeau optimistic about making progress to end China canola ban
Reading Time: 2 minutes Ottawa/Chicago | Reuters — Canada is optimistic it can make progress this year in talks to persuade China to allow imports of Canadian canola seed to resume, Prime Minister Justin Trudeau said on Friday, even as tensions between Ottawa and Beijing reach new highs. Trudeau spoke hours after an industry group said Chinese importers had […] Read more
China’s pork imports seen doubling in 2019 on swine fever impact
Reading Time: 2 minutes Wuzhen, China | Reuters — China’s 2019 pork imports are set to double from last year to two million tonnes, a Rabobank analyst said on Thursday, as African swine fever hits production of the meat in the world’s top hog market. China has reported 113 outbreaks of the contagious disease since last August, though farmers […] Read more
A message from April Stewart, Country Guide's Associate Editor
