Reading Time: 2 minutes CNS Canada — Traders aren’t expecting much to move corn and soybean markets in upcoming weeks as the U.S. moves into holiday mode. “These markets are going to just be very choppy and of course we’re going into December and nobody likes to work (during the holiday season). There’s more parties, Washington goes on Christmas […] Read more
CBOT weekly outlook: Markets quiet heading into holidays
ICE weekly outlook: Canola corrects off lows, more losses possible
Reading Time: < 1 minute CNS Canada — ICE Futures canola contracts fell to their lowest levels in 15 months during the week ended Wednesday, but found some support to the downside as traders reacted to activity in the Canadian dollar and Chicago soyoil. “Canola seems to be getting some short covering after a long break (lower),” said Ken Ball […] Read more
U.S. grains: Soy futures up on hopes of progress in U.S.-China dispute
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures turned higher on Wednesday on optimism that Washington and Beijing will make progress at the upcoming G20 leaders summit toward resolving the trade dispute that has disrupted U.S. exports of the oilseed. Wheat futures slipped, while corn futures ended nearly unchanged after touching their lowest price since Oct. […] Read more
Soybean exports face stiff U.S. competition
Reading Time: 2 minutes CNS Canada — Although the ongoing trade war between China and the U.S. has been a good opportunity for Canada to increase its soybean exports to China, industry experts say there have been tradeoffs elsewhere. That trade war between the world’s two largest economies is expected to continue, or perhaps flare up, as the G-20 […] Read more
U.S. livestock: Hogs fall after contract highs on profit-taking
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures tumbled three per cent on Tuesday, reversing after hitting contract highs as investors locked in profits ahead of Thursday’s U.S. Thanksgiving Day holiday, traders said. Hog futures had gained in eight out of the past nine sessions on hopes of stronger pork demand, especially in […] Read more
U.S. grains: Soy drops as trade concerns rise
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell 2.1 per cent on Monday, hitting their lowest since Nov. 8, as a lack of consensus at a meeting of Asia-Pacific leaders cooled hopes of Washington and Beijing resolving a trade dispute that has disrupted U.S. soybean exports to China. Wheat prices also fell sharply, shedding 1.7 […] Read more
U.S. livestock: Hogs rise to contract highs on export optimism
Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures rose to life-of-contract highs on Monday, extending steep gains from last week on optimism for robust exports of U.S. pork due to the worsening African swine fever virus outbreak in China, traders said. China, the top world hog producer and pork consumer, has culled its swine herd […] Read more
U.S. livestock: Lean hogs limit up on swine fever fears
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures surged on Friday and the three most active contracts closed up their daily trading limit on rising concerns about the spread of African swine fever in China, traders said. Technical buying accelerated gains, lifting several deferred-month contracts to life-of-contract highs. “African swine fever fears are […] Read more
U.S. grains: Soybeans up after Trump comments on China, trade
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures ended higher on Friday after rebounding on President Donald Trump’s comments that his administration may not have to impose further tariffs on China, the world’s biggest soybean buyer. Wheat added to early advances and corn pared losses after the comments. Trump has imposed tariffs on $250 billion of […] Read more
U.S. livestock: Hogs rise on technical buying, demand outlook
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures firmed for a fourth straight session on Thursday, lifted by technical buying and good demand for pork, traders said. Persistent concerns about the spread of African swine fever in China, the world’s top hog and pork producer, also underpinned prices as forecasts for big global […] Read more
A message from April Stewart, Country Guide's Associate Editor
