Chicago | Reuters — U.S. corn futures fell on Monday, halting a four-session rebound from contract lows set last week, as traders worried about export prospects for U.S. grains, analysts said. Soybeans and wheat futures also declined. Chicago Board of Trade (CBOT) May corn settled down 1-3/4 cents at $3.71-1/2 per bushel (all figures US$). […] Read more
U.S. grains: Corn down on disappointing export data
U.S. grains: Soybeans rise as China buys U.S. supplies
Chicago | Reuters — U.S. soybean futures hit a 4-1/2-month high on Wednesday as China bought U.S. soybeans for the first time since U.S. President Donald Trump and his Chinese counterpart Xi Jinping met in early December. State-owned Chinese companies bought at least 500,000 tonnes of U.S. soybeans, two U.S. traders said, in deals valued […] Read more
USDA keeps domestic soy stocks view steady
Chicago | Reuters — The U.S. Agriculture Department on Tuesday left its estimate for domestic soybean supplies unchanged but boosted its outlook for world stocks amid rising expectations for the South American crop. U.S. soybean ending stocks for the 2018-19 marketing year were pegged at 955 million bushels, the government said in its monthly supply […] Read more
CBOT weekly outlook: Soy left hanging on changing trade truce views
CNS Canada — The initial positive outlook U.S. futures markets had toward a 90-day truce in the U.S.-China trade war is fading, leaving traders with opposing views on where Chicago soybeans are heading. In an effort to resolve their countries’ trade war, U.S. President Donald Trump and Chinese President Xi Jinping agreed to the truce […] Read more
U.S. livestock: Hog, cattle contracts end mixed
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures were mostly lower on Thursday, with deferred contracts setting back on a round of profit-taking. The front-month October hogs contract ended slightly higher, but closed below session peaks, in thin trading. Live cattle contracts followed a similar pattern to the hogs, with the front-month contract […] Read more
U.S. grains: Corn, soy surge as NAFTA revamp outweighs big supplies
Chicago | Reuters — U.S. corn and soybean futures rallied on Monday, reversing the prior session’s steep losses, after the U.S., Canada and Mexico announced they had reached a deal on a trilateral pact to replace NAFTA. Corn gained nearly three per cent and soybeans more than one per cent as news of the trade […] Read more
Hudson Bay rail line repairs to start ‘immediately’
Off-and-on talks toward a new ownership group for the Hudson Bay Railway have produced a deal, which it’s hoped will lead to the line’s repair before this winter, federal officials announced Friday. Federal Trade Diversification Minister Jim Carr and Northern Affairs Minister Dominic LeBlanc announced the Arctic Gateway Group Limited Partnership has bought the Hudson […] Read more
U.S. grains: Soy falls to six-week low on crop prospects
Chicago | Reuters — U.S. soybean futures fell nearly two per cent on Tuesday, with the benchmark November contract on the Chicago Board of Trade hitting a six-week low on expectations of a bumper U.S. harvest and uncertainty about demand, analysts said. Corn futures followed soybeans lower while CBOT wheat steadied after a six-session slide […] Read more
U.S. grains: Wheat eases on ideas of Russian exports, long liquidation
Chicago | Reuters — U.S. wheat futures fell three per cent on Monday on expectations of a pickup in Russian wheat exports in the next few months as shippers try to get ahead of potential export curbs, traders said, while soybeans clung to modest advances. Corn followed wheat lower. Chicago Board of Trade December wheat […] Read more
Over 14 per cent of U.S. farm exports seen at risk in trade disputes
Des Moines | Reuters — More than 14 per cent of US$140 billion in annual U.S. farm exports have been or are likely to be hit by retaliatory tariffs in trade disputes with countries such as China and Mexico, a top U.S. trade negotiator said on Thursday. Mexico imposed tariffs on U,S, products ranging from […] Read more
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