Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle and hog futures closed lower on Thursday, partly weakened by uncertainty over U.S. trade with China, traders said. China on Thursday urged the U.S. to make a “wise choice” on trade, saying it was ready to respond in case Washington chose confrontation, as U.S. President Donald […] Read more
U.S. livestock: Trade fears drag down CME live cattle, hogs
U.S. grains: Corn, soy drop to multi-month lows as weather improves
Reading Time: 2 minutes Chicago | Reuters — Forecasts for crop-boosting weather in key growing areas of the U.S. Midwest pushed corn and soybean futures to multi-month lows on Thursday, traders said. Wheat futures also were sharply lower, their second straight day of steep declines, with investors continuing to push back against a sharp rally on Tuesday amid abundant […] Read more
ICE weekly outlook: Canola facing uncertainty
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts fell to their lowest levels in more than three months during the week ended Wednesday, but could still have more room to the downside given the general sense of global trade uncertainty. “Every commodity trader in North America or globally is scared to death right now,” said […] Read more
CBOT weekly outlook: Corn, soybeans try to halt slide
Reading Time: < 1 minute CNS Canada — The future looks hot and dusty for corn and soybeans in the U.S. Midwest and central Plains over the next week or so. While crops in the U.S. are generally off to a good start so far this year, the heat could still bring some much-needed support to both commodities. The July […] Read more
U.S. grains: CBOT wheat, soybeans post sharp losses
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and wheat futures fell sharply on Wednesday, with wheat sinking 3.2 per cent and soybean futures hitting their lowest in more than nine months. Traders said that long liquidation by investment funds triggered the sell-off. Concerns about trade with China sparked the bearish wave in soybeans while wheat was […] Read more
Over 14 per cent of U.S. farm exports seen at risk in trade disputes
Reading Time: 2 minutes Des Moines | Reuters — More than 14 per cent of US$140 billion in annual U.S. farm exports have been or are likely to be hit by retaliatory tariffs in trade disputes with countries such as China and Mexico, a top U.S. trade negotiator said on Thursday. Mexico imposed tariffs on U,S, products ranging from […] Read more
ICE weekly outlook: Canola braces for turbulence
Reading Time: 2 minutes CNS Canada — The ICE Futures Canada canola market could go on a choppy ride this summer as weather challenges and the topsy-turvy world of international trade battles threaten to fill the next few months with volatility. “Particularly in the summer months, Trump issues and weather issues will be the primary drivers; both are hard […] Read more
CBOT weekly outlook: U.S./China trade uncertainty weighs on soy
Reading Time: 2 minutes CNS Canada — Trade uncertainty between China and the U.S., along with good U.S. growing conditions, is pressuring the soybean market on the Chicago Board of Trade (CBOT). During the week ended Wednesday, the July CBOT soybean contract dropped about 30 cents to $9.9425 per bushel (all figures US$). “The trade uncertainty is a major […] Read more
U.S. grains: Wheat climbs on global weather woes
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures climbed nearly two per cent on Wednesday on a mix of technical buying and worries about persistent dry weather in major exporting countries including Russia and Australia. Corn and soybeans sagged as weather in the U.S. crop belt remained mostly favourable. Chicago Board of Trade July wheat settled […] Read more
U.S. grains: Corn, soy slide on crop weather, trade jitters
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell to a two-month low on Monday as favourable U.S. crop weather and worries about trade disputes triggered fund-driven long liquidation, analysts said. Soybeans and wheat followed the weak trend that spread across commodity markets. Chicago Board of Trade July corn settled down 10-3/4 cents at $3.80-3/4 per […] Read more
A message from April Stewart, Country Guide's Associate Editor
