Chicago | Reuters — Chicago soybean and corn futures slid on Monday as rising tensions between Washington and Beijing raised concern about further demand risk, on top of coronavirus disruptions to biofuel and livestock feed markets. Favourable crop weather also weighed on prices as planting advanced in the U.S. Midwest while rain across Europe looks […] Read more
U.S. grains: Soybeans tumble as China spat piles on demand worries
Grain markets hit by drop in demand for feed, biofuel
U.S. grains: Soybeans slide on renewed trade tensions with China
Corn, wheat also fall on heightened trade tensions
Chicago | Reuters — U.S. soybean futures declined on Friday as renewed concern about trade tensions between the United States and China overshadowed fresh export sales to the world’s largest soybean consumer. Corn and wheat futures also fell on uncertain feed demand and good weather across much of the U.S. Midwest that signaled another strong […] Read more
JBS sees steady trade flows but flags export woes
Sao Paulo | Reuters — Brazil’s JBS, the world’s largest meatpacker, has said the COVID-19 coronavirus epidemic could cause container shortages, port disruptions and other logistics issues, but said trade flows should stay strong thanks to Chinese demand. In a conference call to discuss earnings results on Thursday, JBS executives said its export operations had […] Read more
Pulse weekly outlook: Conditions optimal for India’s winter crops
MarketsFarm — Cold weather in key growing regions of India could indicate high production levels for winter pulse crops. Heavy showers and colder temperatures in Punjab, Haryana and Uttar Pradesh created “ideal conditions” for winter-sown pulses, according to India’s agriculture commissioner SK Malhotra. Malhotra explained that the output of the winter-grown pulse crops will likely […] Read more
CBOT weekly outlook: Commodities hold up while waiting on China
MarketsFarm — There’s no doubt commodities on the Chicago Board of Trade have struggled since the coronavirus outbreak in China, but the situation could be worse, a trader said. “I personally think the markets… are holding up pretty well with all of the negative news,” said Scott Capinegro of Barrington Commodities in Barrington, Ill. Some […] Read more
U.S. livestock: Hogs rally again, cattle up on cash strength
Chicago | Reuters — U.S. hog futures rose to their highest in 3-1/2 weeks on Wednesday as traders anticipated a long-awaited boost to demand from China, a day after the world’s top pork consumer announced it would grant exemptions to tariffs on U.S. imports. “We don’t know what the quantities will be,” said Mike Sands, […] Read more
EU-Canada trade deal clears hurdle in Dutch parliament
Amsterdam | Reuters — The European Union’s free trade agreement with Canada cleared a political hurdle on Tuesday, when a slim majority of lawmakers in the Dutch lower house voted to ratify the contested deal. Votes by members of the country’s governing coalition were enough to approve the deal, which was rejected by opposition parties […] Read more
India offers U.S. dairy, chicken access in bid for elusive trade deal
New Delhi/Washington | Reuters — India has offered to partially open up its poultry and dairy markets in a bid for a limited trade deal during U.S. President Donald Trump’s first official visit to the country this month, people familiar with the protracted talks say. India, the world’s largest milk-producing nation, has traditionally restricted dairy […] Read more
Pulse weekly outlook: India aims to boost production
MarketsFarm — The window of opportunity for Canadian pulses to be exported to India may rapidly be closing, according to a recent announcement from India’s agriculture minister. At a World Pulses Day event on Monday, Narendra Singh Tomar said the country is on track to self-sufficiency. Last year, the country consumed about 27 million tonnes […] Read more
U.S. grains: Corn, wheat slide on strong dollar, export uncertainty
Chicago | Reuters — Chicago wheat and corn futures fell on Thursday as a strengthening dollar dampened U.S. export prospects and traders continued to wait for signs of China buying agricultural goods, analysts said. Soybean futures eked out a modest advance. Chicago Board of Trade March corn settled down 1-1/2 cents at $3.79-1/4 per bushel […] Read more
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