Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed lower on Monday as investors booked profits after contract highs hit on Friday, traders said. Managed funds hold a large net long position in Chicago Mercantile Exchange live cattle futures, leaving the market vulnerable to bouts of long liquidation. The funds expanded their net long in […] Read more
U.S. livestock: CME live cattle retreat on profit-taking
U.S. grains: Soybeans firm on trade deal hopes
Reading Time: 3 minutes Chicago | Reuters — Chicago soybean futures climbed on Monday amid news reports that Beijing and Washington are close to settling a lingering trade dispute, a breakthrough that could boost China’s demand for U.S. soy and other agricultural products. Corn also rose, pulling away from a three-month low struck in the previous session. Wheat prices […] Read more
U.S. grains: Wheat posts steepest weekly decline in half a year
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat prices fell on Friday and posted their steepest weekly decline since late August as technical selling and competitive global supplies pressured prices. Soybean and corn prices rose, rebounding from earlier losses, but gains were capped on concerns surrounding strong export competition. The most-active wheat contract on the Chicago Board […] Read more
U.S. wins WTO ruling on Chinese grains
Reading Time: 2 minutes Geneva | Reuters — The United States won a World Trade Organization ruling on China’s price support for grains, successfully challenging a calculation methodology that is also used by India. A WTO adjudication panel agreed on Thursday with the U.S. complaint that China had paid farmers too much for wheat, Indica rice and Japonica rice […] Read more
U.S. grains: Soybeans fall as trade concerns weigh
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean prices fell on Thursday despite stronger-than-expected export sales as investors worried that an eagerly awaited trade deal between Washington and Beijing remained elusive. Wheat and corn also fell as heavy deliveries against the March contracts weighed on the market. There were 820 deliveries against CBOT March soybeans, 400 deliveries […] Read more
Maple Leaf profit misses estimates on weak pork prices
Reading Time: 2 minutes Reuters — Packaged meat producer Maple Leaf Foods missed analysts’ estimates for quarterly profit on Thursday, as weak pork prices offset growth in its prepared meats business. Pork prices have taken a beating from the Sino-U.S. trade war, with China’s retaliatory tariffs affecting demand from the South Asian country, which is the world’s biggest pork […] Read more
U.S. livestock: Cattle futures reach new contract highs again
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures notched new contract highs for the third consecutive session on Wednesday before the rally fizzled out. Traders were searching for fresh news to push up prices after factoring in concerns about cold weather and snow in the central U.S. slowing weight gain in herds and disrupting shipments […] Read more
ICE weekly outlook: More losses likely for soft canola
Reading Time: < 1 minute ICE canola futures fell to fresh contract lows during the week ended Wednesday and could be due for more losses with little supportive news on the horizon. “Unfortunately the technicals and fundamentals are tremendously bearish,” said analyst Wayne Palmer of Exceed Grain Marketing, adding “fresh contract lows breed fresh contract lows.” While optimism over trade […] Read more
CBOT weekly outlook: Soybeans, corn watching trade talks
Reading Time: < 1 minute Movement in grain and oilseed futures at the Chicago Board of Trade remains highly dependent on developments in trade talks between the U.S. and China. China-U.S. trade negotiations have provided some sporadic support for the futures, but there have yet to be any concrete developments. While confirmation of an actual deal would change the outlook, […] Read more
U.S. grains: Soybeans fall after comments on trade talks
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean prices fell on Wednesday after a U.S. trade official said purchase promises were not enough to solve U.S.-China trade issues and that it was too early to predict an outcome to talks between the two countries. Any deal between Washington and Beijing must include a way to ensure commitments […] Read more
A message from April Stewart, Country Guide's Associate Editor
