Chicago | Reuters – Chicago corn and soybean futures steadied on a technical bounce on Wednesday after sliding to their lowest since October this week, with traders weighing larger-than-anticipated U.S. supply forecasts, Chinese demand and crop prospects in South America. Wheat futures were little changed as the market also paused following losses triggered by U.S.
U.S. grains: Corn, soybeans recover from 3-month low on technical bounce
U.S. livestock: Cattle futures retreat on profit taking
Chicago | Reuters – Chicago Mercantile Exchange cattle futures slid on Wednesday on a round of profit taking following multi-month highs set during the previous session, analysts said. Cattle futures had climbed the previous day on a tight cattle supply and strong packer demand. “We were fairly overbought in the short term, so you saw
FranceAgriMer cuts non-EU wheat export forecast and raises EU shipments
Farm office FranceAgriMer on Wednesday cut its forecast for French soft wheat exports outside the European Union in 2025/26, to 7.50 million metric tons from 7.60 million expected last month, but still more than double the volume shipped in 2024/25.
China’s 2025 Canadian import slump to remind visiting Carney of economic stakes
China bought fewer goods from Canada last year for the first time since 2020, according to Chinese data released on the same day as Prime Minister Mark Carney starts his China visit.
U.S. grains: Corn, soybeans hit lowest prices since October on big supplies
Chicago | Reuters – U.S. corn futures slid to a three-month low on Tuesday, extending declines from the prior day triggered by the U.S. Department of Agriculture’s outlook for massive supplies following a record-large U.S. harvest. Soybeans touched a two-and-a-half-month low after the USDA on Monday trimmed its U.S. export view and raised its harvest
EU-Mercosur trade pact signals limits of Trump’s hardball diplomacy in Latin America
A mega trade deal clinched between the European Union and South America’s biggest economies after a quarter-century of talks may signal the limits of the Trump administration’s pressure tactics in the region, officials and analysts said.
Canadian prime minister visits China after nearly a decade of tense relations
Prime Minister Mark Carney departs for China on Tuesday, where he will discuss trade and international security at a time when Canada faces uncertain relations with the U.S. due to a trade war and annexation threats from President Donald Trump.
U.S. grains: Corn drops to 12-week low on report of massive stocks, record harvest
Chicago | Reuters – U.S. corn futures plunged on Monday after the U.S. Department of Agriculture reported that U.S. farmers and grain companies held the most corn in storage ever as of December 1, after growers harvested a record-breaking crop that was even bigger than previously expected. During the trading session, the most-active corn futures
Canadian National Railway files with U.S. regulator for more details on Union Pacific-Norfolk deal
Canadian National on Monday said it filed a motion with the U.S. Surface Transportation Board that asks the agency to order Union Pacific and Norfolk Southern to disclose more details on their proposed merger.
Ahead of Carney visit, China rapeseed meal prices slide near two-week low
China’s most active Zhengzhou rapeseed (canola) meal futures fell on Monday, hovering near their lowest point in more than two weeks, as news of Prime Minister Mark Carney’s visit to China this week boosted sentiment around a potential canola-related deal.
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