CNS Canada – After a week where corn, soybean and wheat contracts climbed on the Chicago Board of Trade, traders are now awaiting the latest supply and demand report from the United States Department of Agriculture. “With the crop report (for) August, which at least over the last five years has historically leaned more bearish […] Read more
CBOT weekly outlook: Corn and soy markets awaiting USDA report
ADM earnings double, helped by U.S.-China trade row
Chicago | Reuters – Archer Daniels Midland Co’s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.-China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New […] Read more
U.S. says farmers could get cash aid by Oct. but will not be made whole
Buenos Aires | Reuters – U.S. farmers could receive cash payments from a planned $12 billion aid package as soon as late September, U.S. Agriculture Secretary Sonny Perdue told Reuters on July 28, warning that the program will not make tariff-hit farmers whole. Perdue said in an interview on the sidelines of the G20 meeting […] Read more
G20 ag ministers slam protectionism, pledge WTO reforms
Buenos Aires | Reuters — Agriculture ministers from the G20 countries criticized protectionism in a joint statement on Saturday, and vowed to reform World Trade Organization (WTO) rules, but did not detail what steps they would take to improve the food trade system. In the statement, they said they were “concerned about the increasing use […] Read more
U.S. grains: Soy rises on export prospects
Chicago | Reuters — U.S. soybean futures rose on Friday, notching their second straight weekly gain, bolstered by signs of strong export demand, traders said. Wheat futures were mixed, with winter wheat contracts easing while spring wheat contracts firmed amid concerns about crop shortfalls. Corn closed slightly firm after trading both sides of unchanged during […] Read more
U.S. grains: Soy, corn futures close firm
Chicago | Reuters — U.S. soybean futures closed slightly firm on Thursday, supported by hopes that stepped-up exports to Europe would make up for business lost in a trade fight with China, traders said. Corn futures also settled in positive territory while wheat was mostly lower, weighed down by technical selling. Soybeans, corn and wheat […] Read more
CBOT weekly outlook: Corn, soybeans look to wheat for support
CNS Canada — Corn futures on the Chicago Board of Trade chopped around for much of the week ended July 25, but could be poised to move higher. There are ideas a trade deal between the U.S. and Mexico could be reached over some agricultural commodities such as corn, according to Jack Scoville of Price […] Read more
Trump says agreed with EU to work to lower trade barriers
Washington | Reuters — U.S. President Donald Trump said on Wednesday the United States and the European Union were kicking off talks aimed at lowering trade barriers as officials looked to head off a brewing trade war. “This was a very big day for free and fair trade, a very big day indeed,” Trump told […] Read more
Despite some stresses, ‘cautious’ optimism for cow-calf sector
Strong demand and prices are good news, but feed costs and tariffs are troubling
Reading Time: 3 minutes Alberta cattle producers have a few reasons to be optimistic as they head into the fall. “We’re still on the profitable side for the cow-calf guy,” said Charlie Christie, chair of Alberta Beef Producers. “I’m hearing some optimism on the market side. Whether that will translate into good calf prices in the fall remains to […] Read more
U.S. livestock: Cash price uncertainty weakens CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle lost ground on Tuesday after investors exercised caution in advance of this week’s prices for market-ready, or cash, cattle, said traders. There may have been some disappointment after initial bids for cash cattle came in below last week’s sales, a trader said. On Tuesday packers had […] Read more