Reading Time: 2 minutes Chicago | Reuters — Strong export demand for U.S. pork pushed Chicago Mercantile Exchange lean hog futures to a four-month high on Friday. Traders are optimistic China, the world’s biggest pork consumer, will remain a strong buyer, after the U.S. Department of Agriculture reported strong weekly export sales on Thursday. Chinese importers have been bringing […] Read more
U.S. livestock: Hog futures hit four-month high on export hopes
Post-Labour Day beef demand in doubt
U.S. grains: Chinese buying, crop doubts push soy to two-year high
CBOT corn recoups some losses from previous day
Reading Time: 2 minutes Chicago | Reuters — Increasing Chinese demand lifted U.S. soybean futures to their highest prices in more than two years on Friday, while corn futures rose on concerns about U.S. crop damage from adverse weather. The U.S. Department of Agriculture said private exporters sold 318,000 tonnes of U.S. soybeans to China and 175,000 tonnes of […] Read more
U.S. grains: Soybeans climb on increased Chinese demand
Egypt buys Russian wheat in tender; traders await USDA crop reports next week
Reading Time: 2 minutes Chicago | Reuters — Chinese buying pushed U.S. soybean futures to their highest prices in more than two years on Thursday, while corn and wheat futures slumped. The U.S. Department of Agriculture confirmed private exporters sold 132,000 tonnes of U.S. soybeans to China and another 318,000 tonnes to unknown destinations, all for delivery in the […] Read more
U.S. livestock: Hogs hit four-month high on strong export sales
CME cattle lower on demand uncertainty
Reading Time: 2 minutes Chicago | Reuters — U.S lean hog futures jumped to a four-month high on Thursday on strong export demand and short covering, while cattle futures weakened. The U.S. Department of Agriculture reported net U.S. pork export sales of 53,646 tonnes for the week ended Aug. 27, up 36 per cent from the previous week. China, […] Read more
CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn
Reading Time: < 1 minute MarketsFarm — Market activity on the Chicago Board of Trade has been characteristic for September, with harvest activity keeping pressure on values. “The trend for September turns to the downside as harvest starts to pick up,” said Steve Georgy of Barrington Commodities at Barrington, Ill. However, next week’s world agriculture supply and demand estimates (WASDE) […] Read more
China ban turns Australian barley growers toward domestic market
Growers may shift to alternative crops next season
Reading Time: < 1 minute Sydney | Reuters — Australian farmers will be forced to sell their barley supplies to the domestic livestock industry or cheaper international markets after China effectively banned imports from Australia, farmers said on Wednesday. China late on Tuesday said it would ban barley imports from Australia’s largest grain exporter, just weeks after it slapped a […] Read more
U.S. grains: Soy futures jump on reported China purchases
CBOT wheat futures retreat after setting five-month top
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures advanced on Wednesday as traders said China bought U.S. cargoes, while wheat futures retreated on profit-taking a day after climbing to a five-month high. Chinese state-owned firms bought at least eight bulk shipments of U.S. soybeans, or at least 480,000 tonnes, for shipment in December […] Read more
U.S. livestock: Live cattle consolidate up off one-month low
CME hogs up as trade watches China
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday rose for a second consecutive session as the market consolidated after touching a one-month low on Monday, brokers said. Weakness in the cash market for U.S. cattle has hung over futures prices recently, but some traders said they hope the markets will not […] Read more
U.S. grains: Soybeans touch two-year high on dry weather
Wheat up with prices in Russia, Ukraine
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit their highest prices in more than two years on Monday before paring gains, as dry weather in parts of the U.S. Midwest is expected to damage the condition of crops, analysts said. Wheat futures set a four-month high, while corn futures retreated after touching their highest price […] Read more
U.S. grains: Corn, soybeans, wheat rally
'We absolutely need heavy rainfall in a lot of areas'
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures jumped 1.8 per cent on Thursday to their highest in 7-1/2 months, with forecasts for dry weather in the U.S. Midwest threatening to hinder the crop throughout its late stages of development, traders said. “We absolutely need heavy rainfall in a lot of areas,” said […] Read more
A message from April Stewart, Country Guide's Associate Editor
