Reading Time: 2 minutes Chicago | Reuters — Lean hog futures on the Chicago Mercantile Exchange fell more than four per cent on Monday, pressured by worries about Chinese demand for U.S. pork and expectations of a seasonal slide in wholesale ham prices, traders said. The CME February lean hogs contract settled down 3.75 cents at 84.75 cents/lb. after […] Read more
U.S. livestock: CME lean hog futures tumble on China demand worries
Cattle futures lower despite bullish fundamentals
U.S. grains: Wheat tumbles to three-month low in broad sell-off
Soybeans rise on export sales, renewable fuel talk
Reading Time: 2 minutes Winnipeg | Reuters — Chicago wheat fell on Monday to a three-month low, as commodity and equity markets dropped on concern about the impact of rare protests in China against its strict anti-COVID-19 policy. Cheap supplies from Russia and elsewhere in the Black Sea are adding competition for U.S. wheat, and prices have slipped to […] Read more
Canada to boost defence, cyber security in Indo-Pacific policy
New policy document puts focus on 'disruptive' China
Reading Time: 3 minutes Ottawa | Reuters — Canada launched its long-awaited Indo-Pacific strategy on Sunday, outlining $2.3 billion in spending to boost military and cyber security in the region and vowed to deal with a “disruptive” China while working with it on climate change and trade issues. The plan detailed in a 26-page document said Canada will tighten […] Read more
U.S. grains: Soybeans, grains turn higher ahead of U.S. Thanksgiving
Wheat rises as investors position ahead of holiday
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean and grain futures ended higher on Wednesday, as traders looked to even up their positions before the market closes for the U.S. Thanksgiving holiday and ahead of a short trading day on Friday, analysts said. Corn futures strengthened, as the market eyed dry weather forecasts that may cause more […] Read more
Pulse weekly outlook: AAFC revises dry pea projections
Reading Time: 2 minutes MarketsFarm — Among the changes Agriculture and Agri-Food Canada (AAFC) made in its November supply and demand report, issued Friday, the most notable were among the dry peas. The revisions that stood out the most were 2022-23 dry pea exports being cut by 200,000 tonnes at 2.5 million, while domestic usage was bumped up 50,000 […] Read more
U.S. grains: Corn, wheat ease on firm U.S. dollar, export concerns
U.S. rail union votes against tentative contract deal
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade grain futures eased on Monday as a stronger dollar and worries about U.S. exports weighed on prices, analysts said. The dollar advanced against most major currencies, making U.S. commodities look less attractive to importers, as tightened COVID-19 rules in China fuelled worries over the global economic outlook. […] Read more
U.S. grains: Soy firms on bargain buying but posts weekly decline
December wheat ends down, corn up
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Friday on bargain buying after a two-session slide, but still ended the week down about one per cent on uncertainty about demand from China, traders said. Wheat futures turned lower, retreating from early advances, with the benchmark December contract on the Chicago Board of Trade declining […] Read more
U.S. grains: Wheat sags on Black Sea export deal extension
Chicago corn turns higher
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures dropped to a 2-1/2-month low on Thursday after the United Nations announced an agreement to extend a grain corridor for exports from war-torn Ukraine. Soybean futures fell on worries about demand as top global buyer China struggles with COVID-19 lockdowns. But corn turned higher as strong weekly U.S. […] Read more
U.S. grains: Soybeans, corn end lower as crude oil sags
Chicago December wheat firms
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean and corn futures fell on Monday on spillover pressure from crude oil along with uncertainty about export demand for U.S. supplies of both crops, analysts said. But wheat futures rose on signs of global export demand while traders continued to monitor prospects for the renewal of an export corridor […] Read more
U.S. grains: Soy futures up on China COVID curbs, weakening U.S. dollar
Corn market gains boosted by strength in crude oil market
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat, corn and soybeans rose on Friday, underpinned by strong commodities and equities markets, as well as hopes that China’s easing of COVID-19 restrictions could boost demand. Soybeans bounced on hopes that China’s move to ease some COVID-19 curbs might spur economic activity, potentially boosting demand for goods including soybeans. […] Read more
A message from April Stewart, Country Guide's Associate Editor
