Reading Time: 2 minutes Beijing/Sydney | Reuters — China added to tensions with Australia on Monday by announcing anti-dumping and anti-subsidy duties totalling 80.5 per cent on Australian barley imports from Tuesday (May 19), which is expected to all but halt a billion-dollar trade between them. China’s ministry of commerce said it had confirmed dumping by Australia and significant […] Read more
China hits Australia with barley tariff
Duty to last for five years; China may turn to Canada, other exporters
U.S. grains: CBOT wheat hits lowest since March
Soybeans, corn firm as oil rallies
Reading Time: 2 minutes Chicago | Reuters –– U.S. wheat futures fell to their lowest in more than two months on Monday, pressured by sluggish demand on the export front and some much-needed rain in the U.S. Plains, traders said. Soybean futures were higher, supported by gains in the crude oil market as well as strong demand from China. […] Read more
U.S. livestock: Live cattle book third day of gains
CME to change cattle futures trading rules
Reading Time: < 1 minute Chicago | Reuters — U.S. live cattle futures rose for the third day in a row on Monday, hitting their highest since April 1, with ongoing strength in the cash markets leading the way higher, traders said. Hog contracts were lower, with the front-month contract sinking to its lowest since April 29. The nearby CME […] Read more
U.S. grains: Corn, soybeans drift lower on favourable crop prospects
CBOT July wheat up on short-covering
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures drifted lower on Thursday as generally favourable U.S. Midwest crop weather bolstered expectations for large harvests, analysts said. “We just don’t have enough demand … to overcome the good growing conditions that are seen across the Midwest,” said Brian Hoops, president of Midwest Market Solutions. So […] Read more
U.S. grains: Wheat nears two-month low on export competition
Corn, soybean futures also sag
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures slid to a near two-month low on Wednesday, testing psychological support at the $5-per-bushel mark, pressured by forecasts for rising global grain supplies and strong export competition, analysts said. Soybean and corn futures also declined as a speedy U.S. planting pace supported expectations for large harvests. Traders shrugged […] Read more
Australia requests China trade talks over beef, barley
Reading Time: 2 minutes Sydney | Reuters — Australia’s trade minister is seeking urgent talks with his Chinese counterpart after key agriculture exports were hit with suspensions and tariff threats, but said Australia will continue to push for an inquiry into the COVID-19 outbreak. Trade minister Simon Birmingham requested a telephone call with Chinese commerce minister Zhong Shan after […] Read more
U.S. grains: Corn up despite USDA forecast for ballooning stocks
Soybeans drift lower; wheat weaker on improving crop weather
Reading Time: 2 minutes Chicago | Reuters — Chicago corn ended higher on Tuesday after the U.S. Department of Agriculture forecast U.S. corn stockpiles would top 3.3 billion bushels by the end of the 2020-21 marketing year, a 33-year high that nonetheless fell below an average of trade expectations. USDA’s forecast for 2019-20 corn ending stocks, at 2.098 billion […] Read more
U.S. grains: Soybeans up on export demand
USDA data awaited
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures firmed on Monday, reaching a 3-1/2 week high on fresh export sales to top global buyer China, traders said. Corn and wheat futures drifted lower as traders adjusted positions a day ahead of a monthly supply/demand report from the U.S. Department of Agriculture in which analysts expect the […] Read more
U.S. grains: Soybeans climb on Chinese buying ahead of crop report
Wheat wrestles with demand concerns, weather woes
Reading Time: 2 minutes Chicago | Reuters –– Chicago soybean futures climbed for a second session to a three-week high on Friday as Chinese buying underpinned prices and traders squared positions ahead of a supply and demand report due next Tuesday. Corn also rose on word China may increase agricultural buying to fulfill commitments laid out in January under […] Read more
U.S. grains: Futures rebound on Chinese buying, Midwest frost concerns
Freezing forecast raises concern about Midwest crops
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures prices rebounded on Thursday on renewed Chinese buying of corn and soy and as forecasts for sub-freezing temperatures across the country stoked concerns that some vulnerable crops may sustain damage. Gains, however, were tempered by plentiful supplies and worries about demand as traders started positioning ahead […] Read more
A message from April Stewart, Country Guide's Associate Editor
