Reading Time: < 1 minute MarketsFarm — Corn futures on the Chicago Board of Trade may be due for a rally. The March corn contract hit $3.92 per bushel three times earlier in the month, facing stiff resistance to break higher (all figures US$). Prices established lows last week, around $3.7525. “I would like to see resistance be taken to […] Read more
CBOT weekly outlook: Corn set to rally
U.S. livestock: CME cattle sag on supply expectations
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures weakened on Wednesday as traders prepared for a government report that is expected to confirm the nation’s supplies have expanded from a year ago. The U.S. Department of Agriculture will report on Friday that there were 11.948 million head of cattle on feed for slaughter as of Jan. […] Read more
U.S. grains: Robust global demand supports Chicago wheat
Reading Time: 2 minutes Chicago | Reuters — Profit-taking pulled down Chicago Board of Trade wheat futures on Wednesday after robust global demand and concerns about tightening supplies pushed the most-active contract to its highest price since August 2018. Soybean futures also ended lower, while nearby corn futures inched higher. Traders in the farm markets continued to wait for […] Read more
U.S. grains: Corn, soy fall as traders await Chinese buying
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures weakened and soybeans touched a five-week low on Tuesday as traders awaited confirmation that China has started to buy more U.S. crops after the countries signed an initial trade deal last week. Most actively traded wheat futures hit their highest price since August 2018 at the Chicago Board […] Read more
U.S. livestock: Hogs, cattle ease amid uncertain Chinese demand
Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures came under pressure on Tuesday as traders waited for signs of increased Chinese demand after Beijing and Washington signed an initial trade deal last week. China pledged to increase purchases of U.S. agricultural products as part of the agreement, which is meant to reduce tensions after nearly two […] Read more
Namibia looks to import cattle as drought decimates herds
Reading Time: < 1 minute Windhoek | Reuters — Namibian state-owned meat processing and marketing firm Meatco is in talks with neighbour Botswana to import cattle, as severe drought decimates local herds and threatens beef export deals with China and European countries. The southern African desert nation moved closer to famine last month after dam levels fell below 20 per […] Read more
Flax prices likely to remain flat
Reading Time: 2 minutes MarketsFarm — Although autumn snowfall limited the quality of a lot of Prairie flax, its price has remained flat, according to Brian Johnson of Johnson Seeds at Arborg, Man. While Johnson has seen some instances of No. 1 flax, he said most of what he’s seen has graded Nos. 2 and 3. “The premiums are […] Read more
China certifies three domestic GM traits
Reading Time: < 1 minute Beijing | Reuters — China’s agriculture ministry issued biosafety certificates on Tuesday for domestically grown, genetically modified (GM) corn and soybean traits, moving closer to commercialization of GM grain production in the world’s top market. The certificates, valid from Dec. 2, 2019 until Dec. 2, 2024, were granted to a corn trait developed by Beijing […] Read more
No need for more U.S. farm aid after China deal, Perdue says
Reading Time: 2 minutes Austin | Reuters — With China poised to increase purchases of U.S. agricultural goods this year as part of a Phase One trade deal, the U.S. agriculture secretary said on Monday there is no need for a third year of trade-related aid for farmers. Farmers have increasingly relied on aid from the U.S. government to […] Read more
U.S. grains: Corn soars on bargain buying
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures jumped 3.7 per cent on Friday, more than recovering from the prior day’s 3.1 per cent drop, buoyed by a mix of short-covering and expectations of increased export demand for U.S. supplies, traders and analysts said. Wheat and soybeans followed the firm trend. Chicago Board of Trade March […] Read more
A message from April Stewart, Country Guide's Associate Editor
