Reading Time: < 1 minute MarketsFarm — Canadian pea exports are running ahead of the year-ago level, with China the main buyer, according to the latest Canadian Grain Commission (CGC) data. Total pea exports tracked by the commission, at 1.12 million tonnes during the first 12 weeks of the 2020-21 crop year, are up 34 per cent compared to the […] Read more
Pulse weekly outlook: Pea exports up on year, China a key buyer
U.S. grains: Soybean futures climb on export optimism
'No matter who's president, China still needs to feed their hog herd'
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures climbed on Tuesday on export optimism and a slower-than-expected U.S. harvest pace, traders said. Wheat firmed as traders monitored dryness in U.S. and Russian growing belts, while corn traded higher on continued hopes of China buying. The most-active soybean contract on the Chicago Board of Trade (CBOT) settled […] Read more
China rejects Australia’s appeal to remove barley tariff
Reading Time: 2 minutes Sydney | Reuters — China has rejected Australia’s appeal to scrap a tariff on its barley exports, two sources familiar with the matter told Reuters, all but closing the door on a trade worth about A$1.5 billion (C$1.4 billion) in 2018. The rejection comes after Australia sought a formal review over duties totalling 80.5 per […] Read more
U.S. livestock: Live cattle futures jump on tightening supplies
Lower wholesale pork values drag on hogs
Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures closed higher on Thursday on expectations that tight cattle supplies and rising demand for beef will buoy cash cattle markets, analysts said. Cash cattle traded lightly in the southern Plains this week at $106/cwt, the U.S. Department of Agriculture reported, even with last week (all figures US$). […] Read more
Adama to buy control of major Chinese ag chem maker
Reading Time: < 1 minute Tel Aviv | Reuters — Israeli crop protection firm Adama said Thursday it will acquire a majority stake in Jiangsu Huifeng Bio Agriculture’s crop protection plants for about US$175 million. In the first phase, it will buy 50 per cent of Shanghai Dibai Plant Protection, a wholly owned subsidiary of Huifeng focused on the sale […] Read more
U.S. grains: Crop prices slide as pandemic concerns rattle markets
Traders await U.S. export sales data Thursday
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures fell on Wednesday as part of a broad sell-off in markets fueled by concerns about the economic impact of a global surge in COVID-19 cases, traders said. Losses in agricultural futures pulled corn prices back from a 14-month high reached on Tuesday and soybean prices down […] Read more
U.S. livestock: Lean hogs fall on declining wholesale pork prices
Steady beef demand lifts cattle futures
Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures fell on Wednesday on weaker wholesale pork prices, while cattle futures advanced on steady beef demand, traders said. The U.S. pork cutout, an indication of wholesale pork prices, fell by $4.31, to $84.52/cwt, according to the U.S. Department of Agriculture (all figures US$). Prices eased for pork […] Read more
U.S. grains: Corn futures fall after hitting 14-month high
Rains expected to benefit wheat crops; traders watch China to buy more U.S. corn, soy
Reading Time: < 1 minute Chicago | Reuters — Chicago Board of Trade corn futures ended lower on Tuesday after reaching their highest prices in more than a year on strong U.S. export demand. Soybean futures backpedaled after hitting their highest price since July 2016 on Monday. Wheat also slumped. Profit-taking weighed on corn after prices initially rose on a […] Read more
CBOT weekly outlook: After October rally, November ‘is for bears’
Reading Time: < 1 minute MarketsFarm — Commodities on the Chicago Board of Trade (CBOT) have seen a counter-season rally, with a correction expected in the near future. “Markets are definitely overbought,” said Scott Capinegro of Barrington Commodity Brokers in Barrington, Ill. “It’s harvest and we’re still rallying.” World weather conditions are part of the driving force behind the rally, […] Read more
U.S. grains: Soybeans hit four-year peak on Chinese demand
U.S. winter wheat crop rating misses estimates
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures set their highest price in more than four years on Monday, rising for a sixth consecutive session on strong Chinese demand. Corn futures retreated from a 14-month peak hit on Friday, while wheat futures tumbled as global crop weather improved. Traders are keeping a close eye on China’s […] Read more
A message from April Stewart, Country Guide's Associate Editor
