Reading Time: 2 minutes Ottawa | Reuters — The United States is using the case of a senior Chinese telecoms executive who was arrested in Vancouver on a U.S. warrant 18 months ago to create friction between China and Canada, China’s envoy to Canada said on Thursday. “The U.S. has been taking advantage of Canada, and the U.S. is […] Read more
U.S. is ‘trouble maker’ in China-Canada relationship, envoy says
No word on whether China would retaliate against Canada over latest court decision
U.S. grains: Wheat declines as USDA estimates record global stocks
Corn gains on ethanol estimates; soybean traders eye Chinese demand
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures slid on Thursday after the U.S. Department of Agriculture estimated global stocks were at a record high in its monthly supply and demand report, traders said. Soybean futures ended nearly unchanged as the USDA lowered export expectations, even after recent purchases from China supported prices. Corn advanced as […] Read more
U.S. grains: Soybeans gain on China demand
Improved U.S. rating lifts expectations for bumper corn crop; wheat up on pre-report positioning
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures gained on Wednesday, supported by solid demand from the world’s biggest importer, China, while corn edged lower on strong crop conditions. Wheat inched higher after falling for three consecutive sessions, but advances remained capped by a progressing winter wheat harvest in the U.S. southern Plains. Traders positioned ahead […] Read more
U.N. expert says ‘some are starving’ in North Korea
Estimated 40 per cent of North Koreans need humanitarian aid, WFP says
Reading Time: 2 minutes Geneva | Reuters — A United Nations human rights expert voiced alarm on Tuesday at “widespread food shortages and malnutrition” in North Korea, made worse by a nearly five-month border closure with China and strict quarantine measures against COVID-19. Tomas Ojea Quintana, U.N. special rapporteur on human rights in the Democratic People’s Republic of Korea, […] Read more
U.S. grains: Soybeans pare losses as China buys more
U.S. wheat harvest gathering pace
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures pared losses on Tuesday as traders said that China was purchasing more U.S. soy, after the market slumped earlier on improved crop progress outlooks. Chicago wheat and corn fell on the U.S. Department of Agriculture’s assessment of crop conditions, which analysts viewed as bearish, and a favourable weather […] Read more
U.S. grains: Soybeans fall in technical correction
Corn strengthens on ethanol revival; wheat slips as harvest mounts
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures closed lower on Monday on technical selling, after reaching a two-month high, following a week of strong export sales. Corn gained as higher oil prices boosted hopes for ethanol demand and concerns loomed over mounting dryness in parts of the Midwest. Wheat slipped as harvests in Texas and […] Read more
U.S. grains: Wheat soars as export outlook brightens
CBOT soybeans near two-month top
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures hit their highest levels in nearly two months on Thursday and wheat futures rose more than two per cent as a weaker dollar bolstered export prospects for U.S. grains and oilseeds, analysts said. Corn futures followed the firm trend. Chicago Board of Trade July soybeans settled up 10-1/4 […] Read more
CBOT weekly outlook: Prices stable, crops looking good
Reading Time: 2 minutes MarketsFarm — Over the last few weeks, soybean and corn prices on the Chicago Board of Trade (CBOT) have stabilized, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. “And that’s a good thing. Where this goes from here is still anybody’s guess,” he said. Noting that the crops in the United States are […] Read more
U.S. grains: Soybeans rise on improving exports
Wheat recovers from two-day slide, corn ends narrowly mixed
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures climbed on Wednesday to a three-week high as fresh export demand from China, the world’s top importer, continued to support prices. Wheat prices bounced after a two-day slide, with a softer U.S. dollar lending support, while corn ended narrowly mixed. Chicago Board of Trade July soybeans settled up […] Read more
U.S. livestock: Nearby lean hog futures slide as slaughter rebounds
CME live cattle up on bargain buying
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange nearby lean hog futures hit a six-week low on Wednesday as the U.S. slaughter pace continued to recover, generating pork supplies that pressured wholesale prices and packer margins, traders said. CME June lean hogs ended down their daily limit of 3.75 cents, at 48.65 cents/lb., while most-active July […] Read more
A message from April Stewart, Country Guide's Associate Editor
