Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures set a five-week high and corn futures advanced on Monday as markets rebounded from selling last week that was fueled by concerns over the fast-spreading coronavirus outbreak. Equity markets around the world rose on speculation that central banks will cut interest rates to soften the economic blow of […] Read more
U.S. grains: Soybean futures touch five-week high
Corn rises as markets rebound
U.S. livestock: CME cattle rise in recovery from contract lows
Hogs close mixed as China uncertainty looms
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday recovered from contract lows reached last week as concerns temporarily eased about the economic impact from the global coronavirus outbreak. Equity markets also rose on speculation that central banks will cut interest rates to soften the economic blow of the epidemic. “The market […] Read more
U.S. livestock: CME cattle dive as coronavirus slams global markets
Technical buying limits hogs' losses
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures extended a steep sell-off on Friday on growing worries that the spread of coronavirus would dent global economic growth and could tip the world economy into recession. Global stocks and oil prices fell sharply as traders fretted over the economic toll of the virus that […] Read more
ICE weekly outlook: New lows in, but canola stabilizing
Reading Time: < 1 minute MarketsFarm — The ICE Futures canola market dropped to fresh contract lows on Tuesday but managed to find some support to the downside and may stabilize for the time being amid oversold price sentiment. The May canola contract, which had started 2020 trading in the $490 area, touched a low of $455 per tonne on […] Read more
CBOT weekly outlook: Coronavirus, other factors grip markets
Reading Time: 2 minutes MarketsFarm — As fears of a worldwide pandemic of the COVID-19 coronavirus increase, markets, including the Chicago Board of Trade (CBOT), are seen to have been taking a beating. “The perception is, it’s going to get worse, that trade is going to struggle,” said Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill., analogizing […] Read more
Coronavirus stalls talks with China on canola ban
Officials 'not in position to pursue technical discussions,' Bibeau says
Reading Time: 2 minutes Ottawa | Reuters — The coronavirus outbreak has stalled talks between Canada and China about Beijing’s decision to block Canadian canola seed shipments, Agriculture Minister Marie-Claude Bibeau said Friday. China, angry at Canada’s detention of a top Huawei Technologies executive in December 2018, blocked all imports of canola seed last March on the grounds they […] Read more
U.S. grains: Soy, wheat, corn close lower after early gains
Traders focus on signs of tepid demand from China
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean, corn and wheat futures fell on Friday, with all three commodities facing pressure after rising early in the session. Soybean futures hit their highest in more than three weeks after the U.S. Agriculture Department at its annual Outlook Forum projected domestic soybean ending stocks for the 2020-21 marketing year […] Read more
U.S. grains: Soy futures fall on China demand concerns
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures drifted lower for the third time in four sessions on Thursday as demand from China remained quiet, stirring fresh concerns that purchases from the world’s top oilseed buyer will fall due to the spread of the coronavirus. Corn futures also weakened, pressured by a bearish U.S. acreage forecast, […] Read more
U.S. livestock: Hogs weaken on profit taking, cattle mixed
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange hog futures fell from a 3-1/2 week high on Thursday on a round of mild profit-taking following four straight days of gains. Live cattle futures also were lower while feeder cattle contracts edged higher, their sixth straight day of gains. CME lean hog futures for April delivery ended […] Read more
ICE weekly outlook: Canola values stuck in a range
Reading Time: < 1 minute MarketsFarm — Canola prices came off of the long weekend in the green, but quickly gave back those gains at midweek, remaining stagnant and rangebound. While rail blockades across the country have hampered rail activity and backed up grain shipments, cold weather has slowed down farmer movement for canola. That has insulated canola prices from […] Read more
A message from April Stewart, Country Guide's Associate Editor
