Reading Time: 3 minutes Chicago | Reuters –– Commodity traders are in the dark because of the partial U.S. government shutdown, unable to see daily and weekly reports of agricultural exports to obtain clues as to whether China is following through with promises to buy grain and soy amid the ongoing trade war. Traders have been anxiously awaiting proof […] Read more
Is China buying U.S. soy? Washington shutdown keeps traders guessing
U.S. grains: Soy futures jump on hopes for China deals, positioning
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed on Friday to their highest prices in more than a week, on hopes China will make additional purchases of the oilseed in a thawing of the trade war between the world’s two biggest economies, traders said. Corn and wheat futures also rose at the Chicago Board of […] Read more
U.S. grains: Soy, corn, wheat near one-month lows
Reading Time: 2 minutes Chicago | Reuters — U.S. corn, soybean and wheat futures approached one-month lows on Wednesday on worries over export demand and increasing competition for global sales. Traders were disappointed that there were no signs of additional sales of U.S. soybeans to China, the world’s top importer of the oilseed, or of corn. China bought U.S. […] Read more
U.S. grains: Soy falls as traders wait for more sales to China
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures neared a one-month low on Monday as traders watched and waited for China to make further purchases after re-entering the market recently as trade tensions eased. Corn futures also came under pressure from disappointment over a lack of demand from China, traders said. China bought U.S. soybeans on […] Read more
Early winter weather puts U.S. safe-haven corn planting in doubt
Reading Time: 3 minutes Chicago | Reuters — Illinois farmer Brent Johnson had planned to bump up his corn acreage by 10 per cent in 2019 and plant fewer soybeans as a way to shelter himself from the lower soy prices caused by U.S. President Donald Trump’s tariff war with China. But some early winter storms caused him to […] Read more
U.S. grains: Wheat drops as Russia lessens export curb fears
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures fell nearly two per cent on Friday after Russia raised its grain export forecast and dampened speculation that tight supplies would prompt curbs on overseas shipments from the world’s biggest wheat supplier. Soybeans dropped to a three-week low as favourable weather boosted crop prospects in South America, overshadowing […] Read more
U.S. grains: Soy down as supplies outweigh China demand
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to three-week lows on Thursday as improving crop prospects in South America overshadowed renewed Chinese demand for U.S. shipments. Corn futures also fell to the lowest in three weeks on concerns about demand from ethanol producers and as forecasts for rain in dry areas of Brazil’s corn […] Read more
U.S. grains: Soybeans drop as export sales to China disappoint
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures dropped to two-week lows on Wednesday as renewed export sales to China following a trade war truce between Washington and Beijing fell short of expectations. Corn futures also declined on a slowdown in production of corn-based ethanol, while wheat dropped nearly two per cent in light trading, pressured […] Read more
ICE weekly outlook: Canola steady heading into 2019
Reading Time: < 1 minute CNS Canada –– ICE Futures canola contracts held relatively rangebound during the week ended Wednesday, and should be expected to remain steady heading into the New Year barring outside political developments. “We’re in a doldrums environment,” said Mike Jubinville of ProFarmer Canada in Winnipeg. “The supply/demand fundamentals suggest this market is reasonably well supplied, with […] Read more
U.S. grains: Soybeans rise as China buys more U.S. shipments
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for a second straight session on Tuesday as Chinese importers booked U.S. shipments in the second wave of purchases since striking a trade war truce with Washington earlier this month. Corn also firmed as traders anticipated import purchases by China as part of the detente, which included […] Read more
A message from April Stewart, Country Guide's Associate Editor
