Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures fell for the third day in a row to their lowest in more than seven weeks on Thursday on expectations that U.S. supplies will continue to struggle to gain traction on the global export market, traders said. Corn futures ended firm, supported by bargain buying […] Read more
U.S. grains: Wheat extends losing streak
CBOT weekly outlook: Heavy rains threaten soybean quality
Reading Time: 2 minutes CNS Canada — Heavy rains across the U.S. Midwest and a murky outlook on international trade appear ready to drive down the soybean market in the lead-up to next week’s supply and demand report. The U.S. Department of Agriculture will release its monthly estimates on Sept. 12 and traders have already started to take positions. […] Read more
U.S. livestock: Hogs mostly up on worry over swine fever in China
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures were mostly higher on Wednesday on firm cash hog prices and concerns about the spread of African swine fever in China, the world’s top hog and pork producer, traders said. But the market closed below session highs and some contracts settled below prior-day levels as the impact […] Read more
U.S. grains: Wheat falls on Russian export plans
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dropped 2.5 per cent on Tuesday to a one-week low after Russia’s agriculture ministry said it had no plans to restrict grain exports from the world’s biggest wheat supplier, traders said. Corn firmed on support from news that Argentina planned to impose a 10.2 per cent export tax […] Read more
U.S. grains: Soy falls to six-week low on crop prospects
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell nearly two per cent on Tuesday, with the benchmark November contract on the Chicago Board of Trade hitting a six-week low on expectations of a bumper U.S. harvest and uncertainty about demand, analysts said. Corn futures followed soybeans lower while CBOT wheat steadied after a six-session slide […] Read more
U.S. livestock: Hogs limit up on U.S.-Mexico deal, China swine fever
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hog futures surged by their daily three-cent price limit on Monday, buoyed by hopes of increased U.S. pork exports following news of a trade deal with top importer Mexico, traders said. Hog futures were further supported by the outbreak of African swine fever in China, which has […] Read more
U.S. grains: Soy, corn hit six-week lows on record crop prospects
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures fell to six-week lows Monday on expectations of large U.S. crops and fears that hog disease in China might hurt demand for feed, analysts said. Chicago Board of Trade wheat futures also declined, sliding for a sixth session. CBOT November soybeans settled down seven cents at […] Read more
China culls more pigs as authorities race to trace African swine fever source
Reading Time: 2 minutes Beijing | Reuters – China is culling over 1,300 pigs as authorities rush to control a fourth outbreak of African swine fever and try to trace the origins of the virus that first struck the world’s largest hog herd three weeks ago. Authorities in the eastern province of Zhejiang said they would slaughter 1,332 hogs […] Read more
China’s July grain imports plunge as tariffs on U.S. supplies bite
Reading Time: 2 minutes Beijing | Reuters – China’s grain imports plunged in July after Beijing imposed hefty tariffs on shipments from the United States as part of its trade conflict and as rising international prices curbed buying, customs data showed on Thursday. China brought in 220,000 tonnes of sorghum in July, down 62.5 percent from 588,364 tonnes a year ago, data from […] Read more
U.S.-China talks on trade war resume as new tariffs kick in
Reading Time: 3 minutes Beijing/Washington | Reuters – The United States and China escalated their acrimonious trade war on Thursday, implementing punitive 25 percent tariffs on $16 billion worth of each other’s goods, even as mid-level officials from both sides resumed talks in Washington. The world’s two largest economies have now slapped tit-for-tat tariffs on a combined $100 billion of products […] Read more
A message from April Stewart, Country Guide's Associate Editor
