Sydney | Reuters — Australian farmers will be forced to sell their barley supplies to the domestic livestock industry or cheaper international markets after China effectively banned imports from Australia, farmers said on Wednesday. China late on Tuesday said it would ban barley imports from Australia’s largest grain exporter, just weeks after it slapped a […] Read more
China ban turns Australian barley growers toward domestic market
Growers may shift to alternative crops next season
U.S. grains: Soy futures jump on reported China purchases
CBOT wheat futures retreat after setting five-month top
Chicago | Reuters — Chicago Board of Trade soybean futures advanced on Wednesday as traders said China bought U.S. cargoes, while wheat futures retreated on profit-taking a day after climbing to a five-month high. Chinese state-owned firms bought at least eight bulk shipments of U.S. soybeans, or at least 480,000 tonnes, for shipment in December […] Read more
U.S. livestock: Live cattle consolidate up off one-month low
CME hogs up as trade watches China
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday rose for a second consecutive session as the market consolidated after touching a one-month low on Monday, brokers said. Weakness in the cash market for U.S. cattle has hung over futures prices recently, but some traders said they hope the markets will not […] Read more
U.S. grains: Soybeans touch two-year high on dry weather
Wheat up with prices in Russia, Ukraine
Chicago | Reuters — U.S. soybean futures hit their highest prices in more than two years on Monday before paring gains, as dry weather in parts of the U.S. Midwest is expected to damage the condition of crops, analysts said. Wheat futures set a four-month high, while corn futures retreated after touching their highest price […] Read more
U.S. grains: Corn, soybeans, wheat rally
'We absolutely need heavy rainfall in a lot of areas'
Chicago | Reuters — Chicago Board of Trade soybean futures jumped 1.8 per cent on Thursday to their highest in 7-1/2 months, with forecasts for dry weather in the U.S. Midwest threatening to hinder the crop throughout its late stages of development, traders said. “We absolutely need heavy rainfall in a lot of areas,” said […] Read more
U.S. livestock: Cattle futures extend losing streak
Hog futures edge higher
Chicago | Reuters — Chicago Mercantile Exchange cattle dropped for the sixth day in a row on Thursday, with weakness in the cash market that stemmed from a glut of supplies spilling over into futures prices, traders said. Traders shrugged off signs of rising demand from China, which made its largest weekly U.S. beef purchases […] Read more
ICE weekly outlook: How long can canola rally last?
MarketsFarm — Canola on ICE Futures has continued to push higher over the last week largely due to the growing strength in soyoil on the Chicago Board of Trade. “We got soyoil at a seven-month high and that’s certainly a supportive factor in continuing to underpin our market,” said Keith Ferley, a trader with RBC […] Read more
U.S. grains: Soy futures rise on fresh China sale
CBOT wheat firm, corn eases
Chicago | Reuters — U.S. soybean futures rose to their highest level in more than seven months on Wednesday with stepped-up demand from China and dry weather threatening to cut U.S. Midwest yields supporting prices for a third day in a row, traders said. Corn eased on technical selling and profit-taking after rising to a […] Read more
CBOT weekly outlook: Markets prepare for Laura
Hurricane approaching U.S. Gulf Coast
MarketsFarm — Hurricane Laura, currently a Category 3 hurricane, is expected to hit the U.S. Gulf Coast late Wednesday or early Thursday but the Chicago Board of Trade is already feeling its effects. “It’s going to bring widespread rain and flooding to the Delta region, where unharvested rice, corn and soybean crops may feel a […] Read more
U.S. grains: Crop concerns, Chinese buying spark rallies in soy, corn
CBOT December wheat closes higher
Chicago | Reuters — Chicago Board of Trade corn and soybean futures rallied on Tuesday on rising export demand from China and concerns that deteriorating crop conditions will curtail the size of the U.S. fall harvest, traders said. Soybeans topped out at a seven-month high while corn jumped 2.6 per cent to its highest in […] Read more
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