Reading Time: 2 minutes CNS Canada — As global oilseed overproduction and a trade war rages on between the U.S. and China, producers should get used to lower canola prices, according to one analyst. “For the last two years (we’ve been) moving in a $480-$530 type of range. My best guess is that when we get into 2019, (without […] Read more
ICE weekly outlook: Canola seen dropping further still
CBOT weekly outlook: Rangebound soy, corn look for fresh news
Reading Time: 2 minutes CNS Canada — With Midwestern harvest operations nearing completion for the year, rangebound U.S. grain and oilseed markets are looking for fresh news to provide direction. Soybean, corn and wheat futures all remain stuck in relatively sideways trading patterns and “the only thing that will change that is an adverse situation in South American weather, […] Read more
U.S. grains: Soybeans end firm as hopes build for China talks
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Thursday, supported by renewed optimism that the U.S. and China, the world’s largest soybean buyer, will resume trade talks. Chicago Board of Trade January soybeans settled up 5-1/4 cents at $8.88-3/4 per bushel after reaching $8.97-1/2, the contract’s highest since Nov. 2 (all figures US$). CBOT […] Read more
Canada to work with China on trade deal despite USMCA clause, Trudeau says
Reading Time: 2 minutes Singapore | Reuters — Canada and China will continue to work together toward an “eventual” free trade deal, Canadian Prime Minister Justin Trudeau said on Thursday. This is despite the country being a signatory to the North American Free Trade Agreement (NAFTA), which specifies that if one of its partners enters a free trade deal […] Read more
Canada’s malt barley courts two different buyers
Reading Time: 2 minutes CNS Canada — The rising North American craft beer sector and strong demand out of China are both good news stories for Canada’s malt barley sector. However, those two customers have different needs which can also create some challenges, said industry officials speaking Tuesday at the annual Grain World conference in Winnipeg. Lorelle Selinger, North […] Read more
U.S. grains: Soybeans higher on slow harvest pace
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Wednesday on a slower-than-expected harvest pace and news of fresh export sales, although plentiful global supplies kept a lid on the market, analysts said. Wheat futures fell on sluggish export demand while corn futures ended narrowly mixed. Chicago Board of Trade January soybean futures settled up […] Read more
USDA sees ballooning soy supplies as trade war roils exports
Reading Time: 2 minutes Chicago | Reuters – The U.S. soybean crop will be smaller than expected but stocks are forecast to rise sharply as a trade fight with China weighs heavily on exports, the U.S. Agriculture Department said on Thursday. The government also trimmed its outlook for domestic corn production in its monthly supply and demand report, with yields from […] Read more
ADM profit tops estimates on export sales, oilseeds
Reading Time: 2 minutes Reuters – Archer Daniels Midland Co reported a bigger-than-expected quarterly profit on Tuesday, as the U.S. grain merchant made export sales to buyers in countries other than China during an escalating trade war between Washington and Beijing. Strong margins for oilseeds crushing also boosted earnings. The United States and China have imposed tariffs on hundreds […] Read more
Brazil in talks to boost soymeal exports to China
Reading Time: 2 minutes Sao Paulo | Reuters – Brazil’s soy processing executives are in talks with Chinese government officials over ways to increase soymeal exports to the Asian nation, industry group Abiove said on Monday. China already buys around 80 percent of Brazilian soybean exports. According to official data, Brazil exported 55 million tonnes of soybeans to China […] Read more
Some optimism for peas, lentils not invited for the ride
Reading Time: 2 minutes CNS Canada — Lentil growers hoping to see a light at the end of the current tunnel of low prices and restricted markets will likely be disappointed for some time. However, farmers with peas might see better market conditions over the course of the shipping year because of the United States-China trade war. “For our […] Read more
A message from April Stewart, Country Guide's Associate Editor
