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Hogs are pictured before being examined at a disinfection station in Chongqing, China, in January 2019.
Markets, News

Few improvements expected in Chinese hog market

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Reuters – Farmers in the world’s top pork market have lost money for most of this year due to low prices and high feed costs, and the trend is likely to continue. China’s pig production is still growing, a farm ministry official said Oct. 23, and a higher-than-normal number of breeding sows is set to
CBOT January 2024 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Chicago soybeans climb as China pushes demand

December wheat up, corn down

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Chicago | Reuters — U.S. soybean futures rose on Thursday after China said imports will likely stay high as it sets an all-time record for purchases of the crop this year while weather remains a concern in Brazil. Wheat prices also rose, while corn dropped on reports of higher U.S. yields. Chicago Board of Trade
CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow high/low/close) and K.C. December 2023 hard red winter wheat (orange HLC). (Barchart)
Crops, Markets

U.S. grains: Wheat down on supply concerns, soft demand

K.C., MGEX wheats also set contract lows; corn, soy up

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Chicago | Reuters — U.S. wheat futures fell across the board on Tuesday on soft demand and as supply concerns weakened in the Southern Hemisphere, while soybean futures pushed higher on adverse weather in Brazil. The most-active wheat contract on the Chicago Board of Trade (CBOT) ended down 9-3/4 cents at $5.56-1/4 per bushel and
CME December 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: CME live cattle recover off recent slide, eye cash prices

Lean hogs also align with cash prices

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Chicago | Reuters — Chicago Mercantile Exchange live cattle futures topped a one-week high on Monday as the market recovered from steep losses last week. Firm prices in the cash market on Friday supported the rebound in futures, brokers said. CME December live cattle futures ended up 1.025 cents at 183.25 cents/lb. (all figures US$).
News

Arkansas orders Chinese-owned Syngenta to sell U.S. farmland

Foreign ownership of farmland has gotten more attention from U.S. lawmakers

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Reuters – Arkansas has ordered Syngenta to sell 160 acres of farmland in the U.S. state within two years, citing its Chinese ownership. The move drew a sharp rebuke from the global seeds producer. U.S. farm groups and lawmakers are increasingly scrutinizing foreign land ownership due to concerns about national security. “This is about where your loyalties lie,” Arkansas
CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn dips on harvests, technical selling

CBOT soymeal climbs to seven-month high; Chinese ag companies sign U.S. purchase deals

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Chicago | Reuters — Chicago Board of Trade corn futures fell for a third straight session on Tuesday and neared a two-week low under pressure from U.S. harvesting and technical selling, analysts said. Wheat futures also eased, while soybeans and soymeal jumped. A quick harvest pace for U.S. corn and soy is expected to continue
CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Chicago soybeans drop in choppy trade

Wheat futures lifted by surprise purchase from China

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Reuters — Chicago soybean futures fell on Tuesday, at one point nearing their lowest levels since December of 2021, under pressure from a stronger dollar, improving signs for the U.S. harvest and a brisk start to planting in Brazil. Chicago Board of Trade (CBOT) soybeans settled down 0.3 per cent at $12.72-3/4 a bushel. Futures
China snaps up Australian barley after tariffs lifted
News

China snaps up Australian barley after tariffs lifted

Australian barley is starting to move toward China again after three years of tariffs

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China has bought approximately 600,000 tonnes of Australian barley since Beijing lifted punishing duties on the grain in August, traders said. The numbers underline strong pent-up demand for the grain from the Asian nation, the same traders noted. China ended anti-dumping tariffs on Australian barley on Aug. 5, roughly three years after the 80.5 per
CBOT November 2023 soybeans with 20-, 30- and 50-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soy futures stumble as trade awaits harvest, crop data

U.S. corn harvesting starts early in some areas

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Chicago | Reuters — U.S. soybean futures fell on Thursday as grain traders waited for farmers to harvest their fields and the government to release updated crop estimates next week. Most-active soybean futures ended down 16-3/4 cents at $13.59-1/2 a bushel at the Chicago Board of Trade (all figures US$). CBOT wheat futures declined 9-1/4
Chinese soy buyers see future import ceiling
Markets, News

Chinese soy buyers see future import ceiling

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Reuters – Chinese soybean buyers attending a large U.S. soy export conference believe imports for 2023 will be a bit larger than some projections, but they don’t see import volumes growing much more in the coming years.  Sun Lige, vice-president of China’s Wellhope Foods Company Ltd., said on the sidelines of the Soy Connext conference

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