Reading Time: 2 minutes The blockchain-based global commodity transaction platform being developed by six of the world’s biggest agrifood firms is moving ahead with a new name and project leader. The six companies — ADM, Bunge, Cargill, Louis Dreyfus, Cofco and Glencore Agriculture — announced Wednesday the project will be named Covantis, and have hired former ADM executive Stefano […] Read more
Major grain traders’ e-transaction platform gets name
ICE weekly outlook: Canola steady, awaits news
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday, but remain rangebound overall awaiting some fresh market-moving news. Some direction could come from the U.S. soybean complex, as the ongoing back-and-forth of trade talks with China could see some actual movement ahead of a Dec. 15 deadline that will see the […] Read more
CBOT weekly outlook: Headlines, geopolitics drive prices
Reading Time: < 1 minute MarketsFarm — To Terry Reilly, about the only things driving the Chicago Board of Trade (CBOT) are headlines and geopolitics developments. “Traders are trading headlines,” Reilly, an analyst for Futures International in Chicago, said in reference to the latest developments in U.S.-China trade talks. Reports on Wednesday morning said the two countries were close to […] Read more
Grain World: Farm consolidation key to increasing yields
Reading Time: 2 minutes Saskatoon | MarketsFarm — Consolidating farms — going from numerous small operations to fewer, but much larger, farms — is central to improving crop yields, according to grain industry observers Neil Townsend and Jason Newton. Townsend is the chief market analyst for FarmLink Marketing Solutions, while Newton is the chief economist and head of marketing […] Read more
U.S. grains: Soy rises on trade hopes
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Wednesday, buoyed by renewed optimism about a U.S.-China trade deal as well as some bargain buying, traders said. Corn futures were lower, giving up early gains on technical selling, while wheat futures firmed after two days of sharp declines. Investors were reassured by a Bloomberg report […] Read more
Grain World: Beijing analyst brings different perspective
Reading Time: 2 minutes Saskatoon | MarketsFarm — Ivy Li brought a much different perspective about China to the Grain World conference in Saskatoon. Specializing in Chinese agricultural markets, the Beijing-based independent analyst veered away from the usual statements that often cast China as the bad guy on the world stage. Also, Li pointed out, Canada has been doing […] Read more
U.S. grains: Wheat futures drop sharply
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures sagged 1.8 per cent on Tuesday, the biggest percentage loss for the most-active contract in two months, on a round of profit-taking and technical selling, traders said. U.S. corn futures closed narrowly mixed, with nearby contracts weighed down by the drop in […] Read more
U.S. livestock: Hog futures firm on cash market strength
Reading Time: < 1 minute Chicago | Reuters — U.S. lean hog futures Tuesday rose 3.6 per cent on Tuesday, supported by signs of strength in the cash market, traders said. USDA data showed that cash prices for hogs in Iowa and Minnesota have risen by more than $2 since last Wednesday, evidence that the market may have found its […] Read more
Trump, citing U.S. farmers, slaps metal tariffs on Brazil, Argentina
Reading Time: 3 minutes Washington/Rio de Janeiro | Reuters — U.S. President Donald Trump ambushed Brazil and Argentina on Monday, announcing tariffs on U.S. steel and aluminum imports from the two countries in a measure that shocked South American officials and left them scrambling for answers. In an early morning tweet, Trump said the tariffs, “effective immediately,” were necessary […] Read more
U.S. grains: Corn futures firm on technical buying
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures firmed on Monday, edging up to their highest in nearly a month on a round of technical buying despite signs of poor demand, traders said. Soybean futures fell, with traders waiting for concrete signs of progress in trade negotiations between the U.S. and China before buying into a […] Read more
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