Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures jumped more than two per cent on Tuesday in a second straight day of strong gains fueled by hopes that U.S.-China trade talks would revive Chinese demand for American pork, traders and analysts said. Bargain buying further propelled gains after benchmark April futures dropped for four straight […] Read more
U.S. livestock: Hog futures jump on U.S.-China trade hopes
U.S. livestock: Hog futures climb on bargain buying
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures climbed more than one per cent on Monday, rising on technically driven bargain buying after prices fell on Friday to a five-month low, traders and analysts said. Hogs halted a four-session streak of declines while live cattle futures edged higher to notch a 1-1/2-week high on the […] Read more
U.S. grains: Soybeans lower on South America weather, trade jitters
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell about one per cent on Monday on improving crop weather in South America and worries about a looming March 1 deadline for a U.S.-China trade agreement, analysts said. Corn futures followed soybeans lower while wheat futures were mixed, with Chicago Board of Trade contracts edging higher. CBOT […] Read more
U.S. livestock: Hog futures decline on technical selling
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs extended their decline to the fourth consecutive session on Friday, easing on technical selling and weaker pork prices, traders said. The most active April hogs contract dropped to a fresh five-month low and has now declined in 12 out of the past 14 sessions. The contract […] Read more
U.S. grains: Soy firm after USDA data, focus turns to China talks
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures ended firm on Friday as late-session short-covering lifted prices from lows notched after the U.S. Department of Agriculture (USDA) projected record large U.S. soy stocks amid a still-unresolved trade dispute with top importer China. Corn eased after USDA released a flood of data Friday, some of it delayed […] Read more
U.S. grains: Soybeans drop on renewed China trade concerns
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell for the first time in five sessions on Thursday on new concerns that the U.S.-China trade war may stretch beyond a March 1 deal deadline, with the two countries’ leaders unlikely to meet during upcoming talks. News that U.S. President Donald Trump and China’s Xi Jinping are […] Read more
CBOT weekly outlook: Quiet markets wait on USDA reports, China sales
Reading Time: 2 minutes Pending the release of U.S. Department of Agriculture (USDA) reports on Friday, trading on the Chicago Board of Trade (CBOT) has remained quiet, according to one broker, who was cautious about U.S. soybean sales to China. Following the 35-day partial U.S. government shutdown that ended Jan. 25, USDA will have taken two weeks to prepare […] Read more
U.S. grains: Soy edges higher after China sales
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures edged higher on Wednesday as the government confirmed more soy purchases by China, but the market remained largely static as traders waited for a raft of U.S. crop data due on Friday, some of it delayed by the government shutdown. Corn futures eased for the first time in […] Read more
U.S. livestock: Hogs fall on technical selling, live cattle up
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures declined more than one per cent on Tuesday, giving back a portion of gains notched on Monday in a technical setback, traders said. Hogs on Monday surged from a multimonth low, boosted in part by technically oversold conditions. But the market remained anchored by abundant […] Read more
Canadian canola runs into Chinese delays after Huawei arrest
Reading Time: 3 minutes Winnipeg/Beijing | Reuters — A political dispute between China and Canada over the arrest of a Huawei executive is slowing canola shipments through Chinese ports and causing some importers to hesitate to buy from their biggest supplier, according to interviews with a dozen traders. Since Canadian authorities arrested Huawei chief financial officer Meng Wanzhou in […] Read more
A message from April Stewart, Country Guide's Associate Editor
