Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for a fifth straight session to their highest in two weeks as Chinese importers on Monday bought at least five bulk cargo shipments of the oilseed from the United States, or about 300,000 tonnes, traders said. A rally to four-week highs in soyoil futures helped support the […] Read more
U.S. grains: Soybean futures set two-week high
Vietnam considers CPTPP-level tariff cuts on U.S. ag products
Reading Time: 2 minutes Hanoi | Reuters — Vietnam is considering cutting tariffs on several U.S. products, the ministry of finance said in a statement on Monday, after U.S. Commerce Secretary Wilbur Ross urged Vietnam to reduce its trade surplus during a visit to Hanoi last month. Tariffs on chicken and processed chicken meat, almonds, grapes, wheat, pork and […] Read more
U.S. grains: Soy futures rise as China offers tariff waivers
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose for a fourth consecutive session on Friday as China said it would waive import tariffs for some U.S. farm products, renewing optimism for a possible trade agreement between Washington and Beijing. Tariff waivers will be based on applications by individual companies for U.S. soybean and pork imports, […] Read more
U.S. vows 100 per cent tariffs on France’s champagne, cheese over digital tax
Reading Time: 2 minutes Washington | Reuters — The U.S. government on Monday said it may slap punitive duties of up to 100 per cent on US$2.4 billion in imports from France of champagne, handbags, cheese and other products, after concluding that France’s new digital services tax would harm U.S. tech companies. The U.S. Trade Representative’s office said 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
EU lawmakers clear U.S. beef imports but fault U.S. tariffs
Reading Time: 2 minutes Brussels | Reuters — European Union lawmakers approved an increase in U.S. beef imports to the EU on Thursday, a move likely to ease transatlantic tensions. But they also criticized tariffs imposed by U.S. President Donald Trump on metal imports and a threat he has made to target EU cars and car parts. The European […] Read more
U.S. grains: Soy futures fall to two-month low
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures slid to a two-month low on Wednesday on technical selling and expectations that increased rains will benefit crops in rival shipper South America. Corn and wheat futures also fell as traders adjusted positions ahead of Thursday’s Thanksgiving holiday, when U.S. markets will close. The markets will reopen for […] Read more
CBOT weekly outlook: Soy, corn stuck waiting on trade news
Reading Time: < 1 minute MarketsFarm — Soybean and corn futures at the Chicago Board of Trade remain in a holding pattern, waiting for concrete news on ongoing negotiations between the United States and China. Activity during the last week of November was slowing down as traders moved to the sidelines ahead of the U.S. Thanksgiving holiday, with attention expected […] Read more
U.S. grains: Soy falls below US$9 on South America weather, trade doubts
Reading Time: 2 minutes Chicago | Reuters — U.S. nearby soybean futures closed below $9 a bushel on Friday for the first time since September, pressured by improving crop weather in South America and fears that an initial U.S.-China trade deal could be pushed back to next year, analysts said. Wheat futures ended higher, while corn settled narrowly mixed. […] Read more
U.S. grains: Soybeans slide, nearing support at US$9
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell to their lowest in almost two months on Thursday as uncertainty about progress in U.S.-China trade talks overshadowed support from stronger-than-expected weekly U.S. export sales, analysts said. Wheat futures also declined, backing down from a two-week high, but corn futures rose on signs of improving export and […] Read more
A message from April Stewart, Country Guide's Associate Editor
