Chicago | Reuters — Chicago Board of Trade (CBOT) grains and soybean futures tumbled on Thursday on news that China and other buyers had canceled a flurry of U.S. soybean orders in early January and Argentina’s soy crop could be larger than previously expected, traders said. The U.S. Department of Agriculture’s (USDA) export sales report […] Read more
U.S. grains: U.S. exports get no Valentine’s Day love
ICE weekly outlook: Canola grinding lower
ICE Futures canola contracts held relatively steady during the week ended Wednesday, with a softer tone in old-crop contracts and strength in new-crop months. The general trend is likely pointed lower in the near future, with any developments in trade talks between the U.S. and China likely to provide some direction. “The market is awaiting […] Read more
U.S. grains: Wheat up, soy eases as China trade talks eyed
Chicago | Reuters — U.S. wheat futures advanced on Wednesday for a fourth straight session as a pickup in export activity and firm cash markets spurred commodity fund buying, traders said. Corn was little changed and soybeans eased as traders waited to see if U.S.-China trade talks would show the two sides moving to end […] Read more
CBOT weekly outlook: All eyes on March 1 trade deadline
As high-level trade talks are underway in Beijing this week between the U.S. and China, commodity markets are watching carefully, said an analyst following the Chicago Board of Trade. “All eyes are on March 1,” said Steve Georgy of Allendale Inc. Should negotiators fail to make any progress toward resolving the U.S./China trade war, the […] Read more
U.S. grains: Soybeans lower on South America weather, trade jitters
Chicago | Reuters — U.S. soybean futures fell about one per cent on Monday on improving crop weather in South America and worries about a looming March 1 deadline for a U.S.-China trade agreement, analysts said. Corn futures followed soybeans lower while wheat futures were mixed, with Chicago Board of Trade contracts edging higher. CBOT […] Read more
U.S. grains: Soy firm after USDA data, focus turns to China talks
Chicago | Reuters — U.S. soybean futures ended firm on Friday as late-session short-covering lifted prices from lows notched after the U.S. Department of Agriculture (USDA) projected record large U.S. soy stocks amid a still-unresolved trade dispute with top importer China. Corn eased after USDA released a flood of data Friday, some of it delayed […] Read more
U.S. grains: Soybeans drop on renewed China trade concerns
Chicago | Reuters — U.S. soybean futures fell for the first time in five sessions on Thursday on new concerns that the U.S.-China trade war may stretch beyond a March 1 deal deadline, with the two countries’ leaders unlikely to meet during upcoming talks. News that U.S. President Donald Trump and China’s Xi Jinping are […] Read more
CBOT weekly outlook: Quiet markets wait on USDA reports, China sales
Pending the release of U.S. Department of Agriculture (USDA) reports on Friday, trading on the Chicago Board of Trade (CBOT) has remained quiet, according to one broker, who was cautious about U.S. soybean sales to China. Following the 35-day partial U.S. government shutdown that ended Jan. 25, USDA will have taken two weeks to prepare […] Read more
U.S. grains: Soy edges higher after China sales
Chicago | Reuters — U.S. soybean futures edged higher on Wednesday as the government confirmed more soy purchases by China, but the market remained largely static as traders waited for a raft of U.S. crop data due on Friday, some of it delayed by the government shutdown. Corn futures eased for the first time in […] Read more
U.S. grains: Soybeans firm as USDA confirms large purchases by China
Chicago | Reuters — U.S. soybean futures edged higher for a third straight session on Tuesday after the U.S. Department of Agriculture confirmed more soybean purchases by China. USDA reported nearly three million tonnes of U.S. soybean export sales on Tuesday, mostly to China, after high-level talks last week between the U.S. and China ended […] Read more
Cyber-Savvy Farmer
