CBOT January 2023 soybeans (candlesticks) with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans, corn sag on worries about China demand

Upcoming USDA data in focus

Chicago | Reuters — U.S. soybean futures dropped on Monday, retreating from a six-week high, pressured by fears about export demand after top buyer China denied it was considering easing its stringent zero-COVID policy. Traders were also adjusting positions ahead of monthly supply-and-demand reports due at mid-week from the U.S. Department of Agriculture (USDA). Wheat



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Brazil moves closer to China corn exports as Beijing approves traders

Beijing/Sao Paulo | Reuters – Chinese customs updated its list of approved Brazilian corn exporters on Wednesday, a move a Brazilian agriculture official said could jumpstart sales of corn to the world’s second-largest economy. The approvals could reshape global trade flows and result in fewer sales for farmers in the United States, the world’s top corn supplier.

Shipping woes to squeeze China’s soybean stocks

Reuters – China’s soybean stocks are set to tighten further as delays in shipments from the United States deepen shortages of key animal feed ingredient soymeal, keeping prices at record highs. Ships carrying up to three million tonnes of U.S. soybeans, which were scheduled to arrive this month and in November, are likely to be


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China to step up investment in rural infrastructure

Beijing | Reuters – China will accelerate investment in rural infrastructure to improve its ability to ensure food supply while also stabilizing the economy, according to a plan published by the agriculture ministry on Tuesday. The plan, backed by eight ministries and government agencies, comes amid slowing growth in the world’s second-biggest economy, due to

CME December 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

U.S. livestock: Cattle, hog futures rise on cash market strength

November feeder cattle also end higher

Chicago | Reuters — Chicago Board of Trade hog and cattle futures rose on Wednesday, following gains made in the cash market earlier this week, traders said. CME December lean hog futures gained 0.9 cent to settle at 87.375 cents/lb. (all figures US$). The contract faced technical resistance at the high end of its 20-day


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CBOT weekly outlook: October USDA report delivers few major changes

Soy could see 'a few more days' higher

MarketsFarm — For the most part, the latest monthly supply and demand report from the U.S. Department of Agriculture provided little in terms of major changes from its September report. USDA issued its October world agriculture supply and demand estimates (WASDE) during the late morning Wednesday, with much of the data fairly close to market

Employees load soybeans for China at Tiplam terminal in Santos, Brazil, in March 2017.

China’s soybean imports from Brazil drop in August

China’s soybean imports from Brazil plunged in August from a year ago, customs data shows, as high prices capped purchases of the oilseed from the South American nation. Imports from smaller suppliers including Uruguay and the United States both increased. China, the world’s biggest soybean buyer, imported 6.25 million tonnes of the oilseed from Brazil


BASF starts production at southern China mega complex

German chemicals group BASF said Sept. 6 it has started production at a giant complex in southern China’s Zhanjiang. The first plant at the site will produce 60,000 tonnes of engineering plastic compounds a year for the automotive and electronics industries, the company said in a statement. It will be supplied entirely by renewable electricity.

File photo of a rapeseed field in southern China’s Yunnan province. (YuenWu/iStock/Getty Images)

One-third of China’s land protected under ecological ‘red line’ scheme

Authorities crack down on farm encroachment

Shanghai | Reuters — Nearly a third of China’s land is now off-limits to development under a scheme known as the “ecological protection red line,” a senior official said at a news briefing on Monday, bringing the country in accord with global biodiversity targets. China first proposed its “red line” scheme in 2011 to put