Reading Time: 2 minutes Beijing | Reuters — Chinese state-run food group COFCO Group said it had imported Canadian durum wheat for the first time for processing into flour, a departure from China’s usual practice of importing finished durum flour or pasta. “This direct import of durum wheat has enriched the structure of China’s imported wheat varieties, facilitated the […] Read more
China’s COFCO says it imported Canadian durum for first time
China's imports usually involve pasta or durum flour instead
U.S. grains: Chicago soy soars on Chinese buying, Brazilian weather
Corn futures rise on U.S. sales to Mexico
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures sharply rallied on Monday on Chinese demand and scorching heat in Brazil, where farmers are expected to face crop-stressing temperatures over the next several days. Meanwhile, corn futures rose on technical trading and support from news of Mexico buying U.S. grain — a move up that also gave […] Read more
U.S. grains: Soybeans spike on China demand, Brazil weather
Wheat rallies on Argentina outlook
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean prices rallied to a two-month high on Wednesday, after the U.S. Department of Agriculture confirmed a Reuters report that China booked its largest single-day U.S. soybean purchases since at least late July. Unfavourable weather conditions in Brazil were also supportive, traders said. Meanwhile, corn turned higher on the day […] Read more
U.S. grains: Chicago soybeans climb as China pushes demand
December wheat up, corn down
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Thursday after China said imports will likely stay high as it sets an all-time record for purchases of the crop this year while weather remains a concern in Brazil. Wheat prices also rose, while corn dropped on reports of higher U.S. yields. Chicago Board of Trade […] Read more
U.S. grains: Wheat down on supply concerns, soft demand
K.C., MGEX wheats also set contract lows; corn, soy up
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures fell across the board on Tuesday on soft demand and as supply concerns weakened in the Southern Hemisphere, while soybean futures pushed higher on adverse weather in Brazil. The most-active wheat contract on the Chicago Board of Trade (CBOT) ended down 9-3/4 cents at $5.56-1/4 per bushel and […] Read more
U.S. livestock: CME live cattle recover off recent slide, eye cash prices
Lean hogs also align with cash prices
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures topped a one-week high on Monday as the market recovered from steep losses last week. Firm prices in the cash market on Friday supported the rebound in futures, brokers said. CME December live cattle futures ended up 1.025 cents at 183.25 cents/lb. (all figures US$). […] Read more
U.S. grains: Corn dips on harvests, technical selling
CBOT soymeal climbs to seven-month high; Chinese ag companies sign U.S. purchase deals
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade corn futures fell for a third straight session on Tuesday and neared a two-week low under pressure from U.S. harvesting and technical selling, analysts said. Wheat futures also eased, while soybeans and soymeal jumped. A quick harvest pace for U.S. corn and soy is expected to continue […] Read more
U.S. grains: Chicago soybeans drop in choppy trade
Wheat futures lifted by surprise purchase from China
Reading Time: 2 minutes Reuters — Chicago soybean futures fell on Tuesday, at one point nearing their lowest levels since December of 2021, under pressure from a stronger dollar, improving signs for the U.S. harvest and a brisk start to planting in Brazil. Chicago Board of Trade (CBOT) soybeans settled down 0.3 per cent at $12.72-3/4 a bushel. Futures […] Read more
U.S. grains: Soy futures stumble as trade awaits harvest, crop data
U.S. corn harvesting starts early in some areas
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell on Thursday as grain traders waited for farmers to harvest their fields and the government to release updated crop estimates next week. Most-active soybean futures ended down 16-3/4 cents at $13.59-1/2 a bushel at the Chicago Board of Trade (all figures US$). CBOT wheat futures declined 9-1/4 […] Read more
Australian wine industry faces hangover from China’s tariffs
Over two billion litres of wine in storage
Reading Time: 2 minutes Sydney | Reuters — Australia’s wine industry faces severe oversupply problems that will need years to resolve, experts say, pointing to Chinese tariffs, high production and export bottlenecks during the COVID-19 pandemic. Vineyards nationwide have enough wine in domestic storage to fill 859 Olympic swimming pools, Rabobank said this week in its third-quarter wine report. […] Read more
A message from April Stewart, Country Guide's Associate Editor
