Chicago Board of Trade soybean futures turned lower on Tuesday on profit-taking after the benchmark contract touched a one-month high in early moves, while market players continued to monitor U.S.-China trade relations, analysts said.
U.S. grains: Soybeans retreat after one-month high; corn, wheat sag
France raises bird flu alert level to ‘high’ after new cases
France has raised its bird flu alert level to “high” from “moderate”, requiring poultry farms nationwide to keep birds indoors as Europe faces a seasonal resurgence of the disease.
Trump plan to import Argentine beef angers U.S. farmers
U.S. farmers criticized President Donald Trump’s suggestion that the country may import more beef from Argentina, after they recently lost out to the South American nation on soybean sales to top buyer China.
Carney cautious about report of potential Canadian trade deal with U.S.
Canadian Prime Minister Mark Carney on Tuesday expressed caution after a newspaper reported he might soon sign a trade deal on steel and aluminum with the U.S., saying “I wouldn’t overplay it.”
U.S. grains: Soybean futures hit one-month high on U.S.-China trade hopes
Chicago Board of Trade soybean futures hit their highest level in a month on Monday on renewed optimism over U.S.-China trade talks after U.S. President Donald Trump said he believed Beijing would agree to a soybean trade deal and will buy U.S. soy again.
Canada offers tariff relief to some steel, aluminum products from U.S., China
Canada offered tariff relief on some steel and aluminum products imported from the U.S. and China, a government document showed, in efforts to help domestic businesses battered by a trade war on two fronts.
Australia’s wheat production outlook improves as harvest begins
Analysts have raised their estimates for Australia’s wheat harvest, a Reuters poll showed, as better-than-expected yields in western cropping regions boosted the production outlook despite losses caused by dry conditions in parts of the south.
China imports no U.S. soybeans in September for first time in seven years
China imported no soybeans from the U.S. in September, the first time since November 2018 that shipments fell to zero, while South American shipments surged from a year earlier, as buyers shunned American cargoes during the ongoing trade dispute between the world’s two largest economies.
Australia’s weather bureau casts doubt on prospects for La Nina
Australia’s weather bureau is not convinced that a La Nina weather pattern is forming that could change rainfall patterns and bring wilder weather to parts of the Americas, Asia and Oceania, affecting crop production.
U.S. grains: Corn, soybeans rise on yield uncertainty, firming cash markets
U.S. corn futures extended gains into a fourth session on Friday and posted the first weekly rise in a month as slow farmer sales of newly harvested grain and reports of lower-than-expected harvest yields supported the market.
Cyber-Savvy Farmer
