GFM Network News

Comment: Winning the trade war?

Will the U.S.-China trade war end up worthwhile for U.S. soybeans?

China’s absence from the U.S. soybean market has put tremendous pressure on both soybean growers and Chicago-traded soybean futures over the last several months. But the United States’ new trade pact with Mexico and Canada may offer some hope for a similar outcome with major U.S. trade partner China. The United States and Canada reached

Opinion: U.S. soy trade stellar in short term

Longer term the outlook for the Chinese market gets very hazy

Market analysts have been trying to gauge China’s forward bean usage as it remains locked in a tit-for-tat tariff dispute with the United States, and the conflict has prompted threats from the East Asian country to severely reduce or ban U.S. bean imports. The future of U.S. soybean trade with China has also been a

Farmers may be hesitant to plant soybeans next year due to market uncertainties related to the U.S.-China trade war, and if so, this could mean more corn acres and a potential glut in the market in 2019.

Opinion: Corn may be an unintended trade war victim in 2019

Wheat is also likely to see the effect of a stampede out of beans

U.S. corn supply is predicted to plunge by 23 per cent over the next year, but the tighter domestic market may be a short-lived phenomenon pending the resolution of the U.S.-China trade war. The world’s two largest economies have been embroiled in a trade battle in which Beijing hit U.S. soybeans with a 25 per

Comment: Selling out early

Trade uncertainty is souring investors’ views of grain markets

Speculators spent the month of June selling Chicago-traded futures and options, specifically corn and soybeans, as if record U.S. crops were already in the bag. But the trade dispute between the United States and China, the world’s largest soybean buyer, has driven market uncertainty. It was confirmed in mid-June that both parties would enforce tariffs

Chicago-traded soybean futures recently reached three-week highs as China announced to its buyers that its state-wide boycott of U.S. soybeans had ended.

Opinion: Funds cautious toward CBOT soybeans despite U.S.-China truce

Chicago-traded soybean futures reached three-week highs May 21 as China appears to be coming back to the U.S. market after a state-wide boycott, but speculative investors seem to be taking a cautious approach. The trade tension between the United States and China, the world’s leading buyer of soybeans, has weighed heavily on agriculture markets ever

Don’t panic over lack of Chinese soy demand

Chinese demand for U.S. soybeans has slowed significantly in the past couple of weeks, worrying some market participants that this is a hint of things to come. But perhaps they have forgotten that sluggish Chinese business is normal this time of year. It is possible that Chinese importers are aggressively avoiding U.S. beans at the

U.S. to stay stuffed with soybeans despite Argentine losses

Demand for U.S. soybeans remains stubbornly depressed due to high global stocks

The soy complex may be rallying on the Chicago Board of Trade, but the outlook for U.S. supply retains its bearish feel, despite significant losses to Argentina’s soybean crop amid parched conditions. Last month, the U.S. Department of Agriculture cut domestic soybean exports to 2.1 billion bushels, some three per cent smaller than last year’s

China’s sorghum snub could turn U.S. farmers toward corn and soy

China may have just handed farmers in the U.S. Plains a good reason to maintain or increase the already elevated corn and soybean acreage this spring. On Feb. 4, China launched an anti-dumping and anti-subsidy investigation into imports of sorghum from the United States in a move that many analysts see as politically motivated. Regardless