MarketsFarm — Canadian malt barley growers may be dealing with adverse harvest conditions that could lead to quality downgrades in some areas — while world supplies of the key beer ingredient remain more than sufficient to meet global demand. “There’s no real indication at this time that we’ll see a significant up move (in price),” […] Read more
Ample world malt barley supply to limit export prices
Trump trade-war aid sows frustration in farm country
Rochester, Minnesota | Reuters — The U.S. government is paying Texas cotton farmer J. Walt Hagood US$145 an acre for losses related to U.S. President Donald Trump’s trade policies. But Minnesota soybean farmer Betsy Jensen will get just US$35 an acre. Both farmers’ sales have taken heavy blows in Trump’s trade war with China. Neither […] Read more
China to exempt U.S. pork, soybeans from additional tariffs
Shanghai | Reuters — China will exempt some agricultural products from additional tariffs on U.S. goods, including pork and soybeans, China’s official Xinhua News Agency said Friday, in the latest sign of easing Sino-U.S. tensions before a new round of talks aimed at curbing a bruising trade war. The United States and China have both […] Read more
Global wheat production to decrease, USDA says
MarketsFarm — In the latest supply and demand report from U.S. Department of Agriculture (USDA), the global wheat forecast was revised downward due to difficult weather conditions. USDA has now projected 765.53 million tonnes of wheat to be produced in 2019-20, according to the department’s world agriculture supply and demand estimates (WASDE), released Thursday. That’s […] Read more
U.S. grains: Soybeans extend gains on big Chinese purchase
Chicago | Reuters –– U.S. soybean futures hit a six-week high on Friday as China’s first large purchase of U.S. beans in months and easing of some duties on U.S. exports fuelled hopes of a detente in the tariff war between Washington and Beijing. Corn also firmed as signs of a U.S.-China trade thaw sparked […] Read more
U.S. livestock: Hogs limit up again on China tariff exemption
Chicago | Reuters — U.S. lean hog futures climbed by an expanded daily limit on Friday as China said it would exempt U.S. pork from additional tariffs imposed during its trade war with the United States. The exemptions raised hopes for Chinese buying and were seen as the latest sign of easing Sino-U.S. tensions before […] Read more
U.S. livestock: Hogs limit up on expectations for Chinese buying
Chicago | Reuters — U.S. lean hog futures climbed the daily exchange-imposed limit on Thursday on increasing expectations for Chinese buying as the world’s two largest economies prepared for talks aimed at breaking the logjam in their trade war. The Chicago Mercantile Exchange (CME) will temporarily expand the trading limit to 4.5 cents on Friday […] Read more
U.S. grains: Fresh sales to China fuel soy optimism
Chicago | Reuters — U.S. soybean futures jumped to a one-month high on Thursday on news of fresh export sales to China and signs of a possible easing of the U.S. trade dispute with the world’s biggest buyer of the oilseed. Corn and wheat futures also rose, following soybeans. Meanwhile, the U.S. Department of Agriculture […] Read more
U.S. livestock: Live cattle extend recovery from nine-year low
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures shot higher on Wednesday on short covering and technical buying as the market extended a rebound from a nine-year low this week. CME October live cattle futures ended up 2.35 cents at 98.5 cents/lb. (all figures US$). The market has climbed since October live cattle […] Read more
U.S. grains: Soybeans, corn ease on crop-boosting weather
Chicago | Reuters — U.S. soybean futures retreated on Wednesday ahead of an eagerly awaited U.S. government crop report, pressured by forecasts for favourable Midwest crop weather and disappointment that China did not include the oilseed on a list of U.S. imports exempted from tariffs. Corn also weakened as late-planted U.S. crops were seen benefiting […] Read more
Cyber-Savvy Farmer
