Chicago | Reuters — U.S. soybean futures fell to contract lows and closed at their lowest in 2-1/2 years on Thursday ahead of a tit-for-tat trade tariff battle with China that is set to raise duties on U.S. shipments to the world’s top importer of the oilseed. Grains were higher, however, led by surging wheat […] Read more
U.S. grains: Soybeans down as China tariffs loom
CBOT weekly outlook: Soy market waiting on trade war
CNS Canada — It’s a wait-and-see game for traders who deal in corn and soybeans on the Chicago Board of Trade (CBOT). “It looks like we’re going to be concerned a lot about what happens with our friends from China here in the short term,” said Jack Scoville, of Price Futures Group in Chicago, on […] Read more
ICE weekly outlook: Canola to face pressure from northbound U.S. soy
CNS Canada — As Friday’s deadline nears for Chinese tariffs to be imposed on imports of U.S. soybeans, so too does the idea that eastern crushers could soon be bringing those unwanted beans into Canada. “Soybeans have become so cheap we’re going to find them leaking across the border, especially into Ontario,” said Mike Jubinville […] Read more
U.S. grains: Wheat, corn gain on weather worries
Chicago | Reuters — U.S. wheat futures rebounded on Tuesday from the steepest percentage decline in nearly a year during the previous trading session on worries about weather-reduced crops in several key production areas around the world. Corn futures bounced from the prior session’s contract lows on caution over stressful weather in a crucial month […] Read more
U.S. grains: Soybeans down on trade war worry
Chicago | Reuters — U.S. soybean futures closed at their lowest level in more than two years on Monday while corn fell to fresh contract lows on strong U.S. crop prospects and worries about trade fights with China and other main export partners. Wheat also retreated as rising supplies from the U.S. winter crop harvest […] Read more
India extends crop fumigation exemption until year-end
Paris/Mumbai | Reuters — India has extended by six months to the end of 2018 an exemption to its policy for crop cargoes to be fumigated with methyl bromide, a move that should facilitate continued imports of pulses and wheat. The Indian government has issued a letter announcing the exemption would be extended to Dec. […] Read more
ICE weekly outlook: Market watching weather, acres, trade
CNS Canada — Canola futures bounced around within a rather narrow range during the week ended Wednesday, but generally trended higher as the market recovered off of the four-month lows hit on June 19. Statistics Canada releases updated acreage estimates on Friday, and any surprises in the data could provide some nearby direction. The U.S. […] Read more
CBOT weekly outlook: Soybeans should benefit as China lifts tariffs
CNS Canada — The $9 a bushel mark seems like a distant memory for soybeans as import tariffs between China and the U.S. continue to sap buying interest in the crop. China buys roughly 60 per cent of the United States’ annual soy exports — and there’s no telling when or how that shortfall will […] Read more
China drops import tariffs on feed ingredients from Asian neighbours
Beijing | Reuters — China on Tuesday said it would remove import tariffs on animal feed ingredients including soybeans from five Asian neighbours, in a sign that Beijing wants to boost foreign supplies of the commodities as a trade dispute with the U.S. escalates. The Ministry of Finance said it would drop tariffs on soybeans, […] Read more
U.S. grains: Soybeans lower on trade row
Chicago | Reuters — U.S. soybean futures fell about two per cent on Monday on generally favourable Midwest crop weather and worries about trade with China, the world’s biggest soy importer, traders said. Corn and wheat futures also declined. July soybean futures on the Chicago Board of Trade settled down 20 cents at $8.74-1/2 per […] Read more
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