Reading Time: 2 minutes Buenos Aires | Reuters — The United States and China are still in the early stages of their trade war and tensions that arise from it should be considered the “new normal,” a U.S. Department of Agriculture official said on Wednesday. Washington has tried to hold China accountable for its trade practices and not sought […] Read more
U.S. agriculture official calls trade tensions with China ‘new normal’
U.S. grains: Soybeans slip on weather, Chinese buying concerns
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures fell on Wednesday as investors worried U.S.-China trade relations could escalate and as thoughts of frost impacting U.S. Midwest yields began to ease, traders said. Soybean futures faced pressure after President Donald Trump criticized Chinese policy in his address at the United Nations on Tuesday, reviving worries that […] Read more
CBOT weekly outlook: U.S. dollar, weather hurt prices
Reading Time: < 1 minute MarketsFarm — Growing strength in the U.S. dollar has hurt commodity prices on the Chicago Board of Trade (CBOT), according to Terry Reilly, grains analyst for Futures International in Chicago. The impetus for the gain was comments from U.S. President Donald Trump, who remarked a trade deal with China could come sooner rather than later. […] Read more
U.S. grains: MGEX spring wheat rallies to highest since mid-June
Reading Time: 2 minutes Chicago | Reuters — MGEX spring wheat futures rallied for the fifth day in a row on Tuesday as farmers harvesting in the northern U.S. Plains found that wet conditions had lowered the quality of the crop there. “They are talking about protein levels really taking a hit with the wet weather,” said Mark Gold, […] Read more
Trump questions request for Chinese delay on farm trip
Reading Time: 2 minutes United Nations | Reuters — U.S. President Donald Trump on Monday questioned a decision by his top trade negotiators to ask Chinese officials to delay a planned trip to U.S. farming regions after trade talks last week, saying he wanted China to buy more U.S. farm products. U.S. Treasury Secretary Steven Mnuchin told reporters at […] Read more
South Korea confirms new cases of African swine fever
Reading Time: < 1 minute Seoul | Reuters — South Korea has confirmed new cases of African swine fever at hog farms in cities near the capital Seoul after the country’s first outbreak of the deadly virus last week, the agriculture ministry said on Monday. The new case occurred at a pig farm with about 1,800 pigs in the city […] Read more
U.S. grains: Minneapolis, K.C. wheat futures rise
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose on Monday, rebounding from a sharp drop on Friday, on fresh export deals with China and rising concerns that rains in the U.S. Midwest could lower crop quality just ahead of harvest, traders said. The adverse weather also supported corn futures while wheat futures were mixed. The […] Read more
U.S. livestock: Cattle, hog futures rise after Friday’s declines
Reading Time: < 1 minute Chicago | Reuters — U.S. livestock futures rallied on Monday, with both cattle and hog contracts firming on spillover support from strength in the cash market. The markets also were rising on renewed hopes for a trade deal with China after the world’s largest oilseed buyer booked deals to buy about 10 boatloads of U.S. […] Read more
U.S. grains: Soybeans down on China trade pessimism
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell more than one per cent on Friday to the lowest in a week on rising doubts about a breakthrough in U.S.-China trade talks and forecasts for favourable crop weather across the U.S. Midwest. Corn and wheat also declined, following soybeans, although both grains closed with modest weekly […] Read more
U.S. livestock: Hogs drop as China delegation cancels farm visits
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures dropped to their lowest prices in more than a week on Friday as a Chinese agriculture delegation scrapped U.S. farm visits planned to build goodwill during trade talks next week. The canceled trips to Montana and Nebraska raised concerns that the U.S.-China trade war may drag on […] Read more
A message from April Stewart, Country Guide's Associate Editor
