Chicago | Reuters — U.S. grain and soybean futures hit 2018 highs to start the new year as traders continued to expect increased Chinese demand once Washington and Beijing ink an initial trade deal. The gains on Thursday extended annual advances from 2019, a year marked by farmer stress over the U.S.-China trade war and […] Read more
U.S. grains: Wheat, soy hit 2018 highs
U.S. livestock: Hog futures touch seven-week high
Chicago | Reuters — U.S. hog futures kicked off 2020 by approaching seven-week highs in gains driven by increasing expectations for bigger sales of American pork to China. China, the world’s largest pork consumer, needs larger imports to offset a domestic meat shortage caused by an outbreak of the fatal pig disease African swine fever. […] Read more
ICE weekly outlook: Canola could break out of range
MarketsFarm — With canola now near the top end of its range, prices could break out of being rangebound in the next several days, according to an analyst. Canola has made gains over the last month or so, largely due to spillover from increasing prices for soyoil on the Chicago Board of Trade. Soyoil has […] Read more
CBOT weekly outlook: Trade optimistic ahead of Phase One signing
MarketsFarm — Agriculture commodities on the Chicago Board of Trade started the decade on a high note, thanks to general optimism regarding an impending trade deal between the U.S. and China. Phase One of the trade deal between the two countries is set to be signed at the White House on Jan. 15, according to […] Read more
China eases customs curbs for soy imports through northern border
Beijing | Reuters — China has eased customs regulations on imports of soybean through some northern border checkpoints, the commerce ministry said, a move that could smooth the way for shipments from neighbours such as Kazakhstan, Russia and perhaps Ukraine. The changes come as China looks to diversify soybean imports amid trade tension with the […] Read more
U.S. grains: Futures notch yearly rises on China demand hopes
Chicago | Reuters — U.S. wheat, corn and soybean futures posted annual gains in 2019 after an initial U.S.-China trade deal that could boost agricultural exports helped prices rally toward the end of the year. The crop futures finished little changed on Tuesday as markets wound down during the last session of the year and […] Read more
U.S. livestock: Hog futures rise in 2019 as swine fever hits China
Chicago | Reuters — U.S. hog futures rose in 2019 on hopes China will further increase pork imports as an outbreak of a fatal pig disease ravaged the Chinese herd. Prices eased on Tuesday as traders adjusted positions and booked some profits before the end of the year. The African swine fever disease has reshaped […] Read more
Palm oil 101: Sought-after crop holds sway over oilseed trade
MarketsFarm — Palm oil may be grown halfway around the world in conditions much different than on the Canadian Prairies, but the outsized influence of the crop on world oilseed markets makes it an important factor to watch when considering canola prices. Indonesia and Malaysia are the world’s largest producers of the crop, with futures […] Read more
China approves two new GM crops from U.S. for import
Beijing | Reuters — China approved two new genetically modified (GM) crops for import on Monday that could boost agricultural purchases from the United States, while renewing permits for 10 others, the Chinese agriculture ministry said. Earlier this month, Beijing and Washington announced a Phase 1 trade deal, under which China has agreed to import […] Read more
U.S. grains: Soybeans set highest price since June 2018
Chicago | Reuters — U.S. soybean futures on Monday rose to their highest price since June 2018 on expectations that Washington and Beijing will soon sign an initial trade deal that will increase American agricultural exports. China agreed to import more U.S. farm goods under the Phase 1 deal struck this month, providing support for […] Read more
Cyber-Savvy Farmer
