MarketsFarm — Commodity prices on the Chicago Board of Trade (CBOT) have found support from recent increases in global export demand. China has purchased nearly 900,000 tonnes of soybeans for delivery during the current marketing year, which began on Sept. 1. “It’s all about Chinese demand,” said Terry Reilly of Futures International in Chicago. “They […] Read more
CBOT weekly outlook: Export demand underpins commodities
Germany reports first suspected case of African swine fever
German producers currently exporting pork to China
Berlin | Reuters — Germany’s ministry of food and agriculture said on Wednesday it had a suspected case of African swine fever (ASF) in a wild boar in the eastern state of Brandenburg. The suspected case concerned a wild boar carcass found near the German-Polish border. A sample of the carcass was being taken for […] Read more
U.S. grains: Soy extends rally as China keeps buying
Data awaited from USDA
Chicago | Reuters — U.S. soybean futures climbed on Wednesday to their highest in more than two years and recorded a 12th straight daily advance on continued export demand from China, coupled with worries about crop-killing frost in parts of the Midwest, analysts said. Wheat futures ended narrowly mixed while corn futures drifted lower in […] Read more
U.S. grains: Soybeans extend rally on Chinese demand
Wheat down as Australia lifts harvest forecast
Chicago | Reuters — U.S. soybean futures rose on Tuesday to notch an 11th-straight higher daily close, supported by a mix of chart-based buying, continued demand from top global buyer China and worries about U.S. crop potential, analysts said. Corn futures also climbed while wheat futures fell as larger harvests in Australia signalled greater export […] Read more
U.S. livestock: Cattle futures rise on expectations of firm cash values
Hog market appears technically overbought
Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange closed higher on Tuesday on expectations of firmer cash prices as supplies of market-ready cattle tighten, following a drop this past spring in the number of cattle placed in feedlots, traders said. “Packer margins are huge; they are still over $350 a head. […] Read more
U.S. livestock: Hog futures hit four-month high on export hopes
Post-Labour Day beef demand in doubt
Chicago | Reuters — Strong export demand for U.S. pork pushed Chicago Mercantile Exchange lean hog futures to a four-month high on Friday. Traders are optimistic China, the world’s biggest pork consumer, will remain a strong buyer, after the U.S. Department of Agriculture reported strong weekly export sales on Thursday. Chinese importers have been bringing […] Read more
U.S. grains: Chinese buying, crop doubts push soy to two-year high
CBOT corn recoups some losses from previous day
Chicago | Reuters — Increasing Chinese demand lifted U.S. soybean futures to their highest prices in more than two years on Friday, while corn futures rose on concerns about U.S. crop damage from adverse weather. The U.S. Department of Agriculture said private exporters sold 318,000 tonnes of U.S. soybeans to China and 175,000 tonnes of […] Read more
U.S. grains: Soybeans climb on increased Chinese demand
Egypt buys Russian wheat in tender; traders await USDA crop reports next week
Chicago | Reuters — Chinese buying pushed U.S. soybean futures to their highest prices in more than two years on Thursday, while corn and wheat futures slumped. The U.S. Department of Agriculture confirmed private exporters sold 132,000 tonnes of U.S. soybeans to China and another 318,000 tonnes to unknown destinations, all for delivery in the […] Read more
U.S. livestock: Hogs hit four-month high on strong export sales
CME cattle lower on demand uncertainty
Chicago | Reuters — U.S lean hog futures jumped to a four-month high on Thursday on strong export demand and short covering, while cattle futures weakened. The U.S. Department of Agriculture reported net U.S. pork export sales of 53,646 tonnes for the week ended Aug. 27, up 36 per cent from the previous week. China, […] Read more
CBOT weekly outlook: Seasonal harvest pressure weighs on soy, corn
MarketsFarm — Market activity on the Chicago Board of Trade has been characteristic for September, with harvest activity keeping pressure on values. “The trend for September turns to the downside as harvest starts to pick up,” said Steve Georgy of Barrington Commodities at Barrington, Ill. However, next week’s world agriculture supply and demand estimates (WASDE) […] Read more
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