Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures fell for a second straight session on Tuesday and touched a three-week low on an unexpected rise in government crop condition ratings and favorable U.S. Midwest weather that was seen bolstering the recently planted crop. Soybean prices also eased, despite a decline in the U.S. Department of Agriculture’s […] Read more
U.S. grains: Corn drops to three-week low
Soybeans ease despite crop rating fall as China news weighed
Pompeo urges China to release two detained Canadians
U.S. Secretary of State calls charges 'groundless'
Reading Time: 2 minutes Washington/Ottawa | Reuters — U.S. Secretary of State Mike Pompeo called on Monday for the immediate release of two Canadians charged by China with espionage, saying the United States was “extremely concerned” and that the two men’s detention was unjustified. “These charges are politically motivated and completely groundless,” Pompeo said in a statement. Chinese prosecutors […] Read more
U.S. livestock: Hog futures drop as China tightens food import restrictions
USDA report bearish on cattle futures
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures retreated on Monday, with actively traded nearby contracts sinking more than three per cent and hitting life-of-contract lows amid worries about pork exports to China, which has stepped up oversight of imported goods due to COVID-19. China’s customs authority said on Sunday it had suspended poultry imports […] Read more
U.S. grains: Corn falls on good crop weather
Chinese demand for U.S. farm products underpinning markets
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures declined for the first time in four sessions on Monday as warm weather and scattered rains across a large swath of the Midwest farm belt bolstered development of the recently planted crop. Soybeans were mostly lower as favourable U.S. weather outweighed support from improving demand from top importer […] Read more
U.S. grains: Soybeans climb as China trade talks progress
July wheat down over four per cent on week
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures gained on Friday as U.S. trade talks with China continued, invigorating hopes the top soybean importer would reach earlier export estimates. Wheat fell as the U.S. winter wheat harvest progressed, while corn inched higher on technical positioning. The most active soybean futures on the Chicago Board of Trade […] Read more
Food exporters to China asked to declare produce coronavirus-free
Declaration puts onus on exporters for product safety
Reading Time: 2 minutes Beijing | Reuters — China’s customs authority has asked food exporters to the country to sign a declaration their produce is not contaminated by the novel coronavirus, three people who received a letter said on Friday. The declaration, seen by Reuters, may be an effort by China to reduce the additional testing it has carried […] Read more
U.S. grains: Wheat slips on bumper harvest, soy up on exports
Corn inches up on technical trading, weather questions
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures slid again on Thursday, dropping to their lowest in more than eight months amid a bumper U.S. harvest and well-timed European rains. Soybeans and corn edged higher, on technical trading and signs weather may not be so crop-friendly across the U.S. Corn Belt in coming days. The most-active […] Read more
U.S. grains: Wheat hits eight-month low as harvest advances
Soybeans gain on trade optimism; ethanol report supports corn
Reading Time: < 1 minute Chicago | Reuters — Chicago wheat futures edged downward on Wednesday reaching an eight-month low as the U.S. harvest continues and rainfall across Europe allayed recent weather worries. Corn prices climbed after early losses, ending in positive territory on increased ethanol use, but capped by pressure from favourable weather across the U.S. Midwest, while soybeans […] Read more
U.S. livestock: Hog futures still face headwinds over demand questions
Cattle futures mixed on USDA report expectations
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures traded choppy on Wednesday, amid ongoing pressure from large domestic supplies and rebounding pork production, analysts said. Meanwhile, concerns over a potential slowdown in U.S. pork exports kept markets jittery for a second session, traders said. China’s meat importers fear clearing delays and a hit to demand […] Read more
U.S. grains: Soybeans fall on crop development
Wheat lifts on short-covering
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures slid on Monday on reports of healthy crop development across much of the U.S. Midwest, as concerns about a potential bumper crop cooled market enthusiasm over recent strong Chinese demand. Private exporters reported the sale of 390,000 tonnes of soybeans to China for delivery in the 2020-21 marketing […] Read more
A message from April Stewart, Country Guide's Associate Editor
