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
U.S. grains: Soybeans lower on trade row
Iron backlog has come and gone
It’s taken a few years, but dealers have finally whittled down high inventories of equipment
Reading Time: 3 minutes Two years ago, you couldn’t drive past an equipment dealership without noticing the rows upon rows of machines — carry-over of anticipated demand that never came. “In 2013 and 2014, everybody was firing on all cylinders,” said Leah Olson, president of the Agricultural Manufacturers of Canada. “With our record harvests, there was a fundamental shift […] Read more
U.S. grains: Soy, corn fall for fourth week over trade tensions
Chicago | Reuters — U.S. soybean and corn futures posted losses for the fourth straight week on worries about the escalating trade dispute between the U.S. and China, although prices rose for the day on Friday as some traders covered short positions. Soybeans ended 1.2 per cent lower on the week, after plunging to their […] Read more
U.S. pork, fruit producers brace for second wave of Chinese tariffs
Beijing/Chicago | Reuters — U.S. producers of pork, already saddled with duties enacted in an earlier round of the escalating trade dispute with China, are bracing for further pain after Beijing hit the products with additional tariffs due to come into effect next month. China implemented a 25 per cent duty on most U.S. pork […] Read more
U.S. grains: Wheat jumps on global crop worries
Chicago | Reuters — U.S. wheat futures climbed for a second straight day on Thursday on bargain buying following the market’s recent drop and on a weather-reduced wheat crop in Russia, the world’s top exporter. Corn followed wheat higher, underpinned by concerns that heavy rains and flooding in parts of the U.S. Midwest could drag […] Read more
U.S. grains: Soy futures consolidate day after 10-year low
Chicago | Reuters — U.S. soybean and corn futures ended nearly flat on Wednesday, consolidating one day after the front soybean contract plunged to a near 10-year low on trade tensions and favorable Midwest crop weather, analysts said. Chicago Board of Trade wheat futures rose more than two per cent in technical moves, including traders […] Read more
CBOT weekly outlook: Tariff spats put markets in precarious spot
CNS Canada — The Chicago Board of Trade soybean market is in recovery mode following a wild day where contracts hit nearly a 10-year low. “It was one of the craziest days we’ve seen in recent memory yesterday. And volume was just absolutely through the roof,” said Terry Reilly, a senior commodity analyst with Futures […] Read more
U.S. livestock: Hogs fall on trade war fears, cash prices
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures fell over two per cent on Tuesday, giving back gains notched in the previous session on broad selling across commodities amid fears of trade wars with importers of U.S. products including China and Mexico. A decline in U.S. cash hog prices late on Monday also […] Read more
U.S. grains: Soy nears 10-year low on trade row, weather
Chicago | Reuters — U.S. soybean futures plunged to their lowest level in nearly a decade on Tuesday as escalating trade tensions between the U.S. and China, the world’s biggest soy buyer, prompted fund-driven selling, analysts said. Corn and wheat followed broad declines in the commodity sector. Favourable weather in the Midwest bolstered corn and […] Read more
U.S. grains: Corn at contract lows, soy dips below $9
Chicago | Reuters — U.S. corn futures fell to life-of-contract lows on Monday and soybeans briefly dipped below US$9 a bushel for the first time since 2016 as favourable weather outlooks bolstered yield prospects and trade tensions threatened export demand, analysts said. Chicago Board of Trade soft red winter wheat futures also sagged and K.C. […] Read more
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