Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell to contract lows on Tuesday on forecasts for crop-boosting rain and milder temperatures in the heart of the U.S. corn belt, with three-quarters of the nation’s crop already in good-to-excellent shape. Wheat futures tumbled more than three per cent on dull export demand and improving spring wheat […] Read more
U.S. grains: Corn hits contract lows on favourable weather
U.S. livestock: Hogs extend declines on demand worries
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures fell over three per cent on Monday, weighed down by plentiful supplies and worries of weaker demand later this year due to tariffs on imports of American pork in Mexico and Canada, traders and analysts said. Most-active Chicago Mercantile Exchange August hogs sank 2.65 cents to 72.775 […] Read more
U.S. grains: Soybeans fall on China trade woes, good crop weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures retreated on Monday, giving up more than half of their gains from a bargain-buying rally before the weekend as investors weighed the impact of reduced Chinese demand following Beijing’s tariffs on U.S. supplies. Improved growing conditions in the U.S. Midwest also weighed on soybeans and corn before weekly […] Read more
U.S. grains: Soy rises but fears persist over China trade fight
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures surged on Friday as the market recovered a day after nearing a decade low on concerns over the escalating trade war with China. Prices climbed as the U.S. implemented tariffs on $34 billion in Chinese imports and Beijing said it would retaliate with planned duties on products, including […] Read more
CBOT weekly outlook: Soy market waiting on trade war
Reading Time: 2 minutes CNS Canada — It’s a wait-and-see game for traders who deal in corn and soybeans on the Chicago Board of Trade (CBOT). “It looks like we’re going to be concerned a lot about what happens with our friends from China here in the short term,” said Jack Scoville, of Price Futures Group in Chicago, on […] Read more
U.S. grains: Soybeans down as China tariffs loom
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to contract lows and closed at their lowest in 2-1/2 years on Thursday ahead of a tit-for-tat trade tariff battle with China that is set to raise duties on U.S. shipments to the world’s top importer of the oilseed. Grains were higher, however, led by surging wheat […] Read more
ICE weekly outlook: Canola to face pressure from northbound U.S. soy
Reading Time: < 1 minute CNS Canada — As Friday’s deadline nears for Chinese tariffs to be imposed on imports of U.S. soybeans, so too does the idea that eastern crushers could soon be bringing those unwanted beans into Canada. “Soybeans have become so cheap we’re going to find them leaking across the border, especially into Ontario,” said Mike Jubinville […] Read more
U.S. grains: Wheat, corn gain on weather worries
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rebounded on Tuesday from the steepest percentage decline in nearly a year during the previous trading session on worries about weather-reduced crops in several key production areas around the world. Corn futures bounced from the prior session’s contract lows on caution over stressful weather in a crucial month […] Read more
U.S. grains: Soybeans down on trade war worry
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures closed at their lowest level in more than two years on Monday while corn fell to fresh contract lows on strong U.S. crop prospects and worries about trade fights with China and other main export partners. Wheat also retreated as rising supplies from the U.S. winter crop harvest […] Read more
StatsCan: Canola area narrows, wheat sowings expand
Reading Time: < 1 minute Reuters — Canadian farmers seeded less canola and more wheat compared with last year, but they shifted their plans from earlier this spring to sow more land with canola. Canola plantings reached 22.7 million acres, shy of last year’s 23 million, but exceeding the average trade guess of 22.4 million acres. In spring, Statscan estimated […] Read more
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