Beijing | Reuters – China’s state planner said on Friday that it will encourage foreign investment in livestock and poultry breeding, as well as plant-based meats substitutes, from this year. The move by the National Development and Reform Commission comes as China, the world’s top meat market, strives to boost supplies of meat and alternative […] Read more
China to encourage foreign investment in livestock breeding, plant-based meat substitutes
U.S. sells record amount of corn to China as tensions rise
Chicago | Reuters – Chinese buyers booked their single biggest-ever purchase of U.S. corn, extending their flurry of large U.S. purchases even as tensions between Washington and Beijing rise. The U.S. Agriculture Department said on Thursday that private exporters sold 1.937 million tonnes of corn to China for delivery in the 2020/21 marketing year. That topped the […] Read more
Argentina nears China hog deal it hopes could turbocharge local pork production
Buenos Aires | Beijing | Reuters – Argentina is nearing an initial agreement with China that could pave for the way for potential investments by the Asian giant in local pork production for export, Argentina’s undersecretary of trade and investment promotion told Reuters. That could eventually lead to Chinese-backed hog farms in the South American […] Read more
U.S. warns against planting unsolicited seeds from China
Chicago | Reuters – The U.S. Department of Agriculture on Monday warned residents against planting unsolicited packages of seeds arriving from China because they could harm the environment. At least eight states, from Washington to Ohio, have also told residents in recent days not to put the seeds in the ground, after they arrived apparently […] Read more
U.S. grains: Soybeans ease on China tensions
Wheat gains on declining U.S. dollar, export hopes; corn mostly flat
Chicago | Reuters — Chicago soybeans softened on Friday as optimism over Chinese buying in the United States was tempered by political tensions between the two economic heavyweights. Corn ended lower on strong crop conditions, while wheat rose on hopes of new U.S. export sales with the dollar remaining low. The Chicago Board of Trade’s […] Read more
U.S. grains: China tensions cap soybeans’ gains
Corn prices up slightly on trade optimism; wheat falls back slightly
Chicago | Reuters — U.S. soybean futures climbed on Thursday, boosted by demand from China, although escalating tensions between Beijing and Washington capped gains. Corn edged higher as optimism over possible continued buying from China offset strong crop conditions. Wheat scaled back on technical selling. The most-active soybean contract on the Chicago Board Of Trade […] Read more
U.S. livestock: Live cattle continue lower on unclear outlook
'Hard hill to climb' expected for lean hogs
Chicago | Reuters — U.S. live cattle futures closed lower on Wednesday as uncertainty about demand lingers, while dry conditions in the U.S. West have analysts worried about an influx of market-ready cattle in the coming weeks. “You look at pasture range and it is deteriorating very quickly,” said Ted Seifried, chief ag market strategist […] Read more
CBOT weekly outlook: The good and bad between the U.S., China
MarketsFarm — The current relationship between the United States and China has continued to be rather chaotic, according to Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill. Despite the two countries’ diplomatic row, China has sharply picked up its purchases of U.S. soybeans. Georgy pointed to the 715,000 tonnes purchased by China on […] Read more
U.S. grains: Soybeans gain ground on Chinese buying
Wheat rebounds after technical correction
Chicago | Reuters — Chicago corn and soybeans futures climbed on Wednesday as news of Chinese purchases offset strong yield prospects after recent rain across the U.S. Midwest offered relief to pollinating corn crops. Both commodities gained even after the United States ordered China to close a consulate in Houston, escalating diplomatic tensions and putting […] Read more
U.S. grains: Soybeans trim back on improved crop conditions
Wheat gains on weaker U.S. currency
Chicago | Reuters — Chicago soybean futures fell on Tuesday, despite renewed exports to China, after the U.S. Agriculture Department issued better-than-expected weekly crop ratings. Corn also eased on better-than-expected crop conditions and favourable U.S. weather as traders eyed record yield potential this fall. The Chicago Board of Trade’s most active soybean contract fell 6-1/2 […] Read more
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