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
Tag Archives Corn
Opinion: Funds cautious toward CBOT soybeans despite U.S.-China truce
Feed weekly outlook: Barley prices feeling some pressure
CNS Canada — Prices for feed barley remain solid in Western Canada but demand could be lessening somewhat as the summer unfolds. “Buyers seem to have decent coverage going into later summer,” said Jared Seitz of Agfinity at Stony Plain, Alta. “So their pricing is starting to pull back.” Prices for feed wheat and barley
U.S. biofuels deal reported to be delayed indefinitely
Reuters — The Trump administration has indefinitely delayed a proposed overhaul of U.S. biofuels policy aimed at reducing costs for the oil industry, under pressure from corn state lawmakers who worry the move would undermine demand for ethanol, according to two sources familiar with the matter. The White House had been poised to announce reforms
Opinion: China opting for soy plantings over corn would be ideal for rest of world
If Chinese farmers have ditched corn in favour of planting soybeans as some recent forecasts suggest, this is the most favourable scenario for a drawdown in global stocks of both commodities. The idea is that China cannot possibly increase soybean output in a way that would seriously threaten its need for imports, at least in
Feed weekly outlook: Barley prices hang tight, await new crop
CNS Canada — The thought of sizzling days near the end of May 2017 is helping keep feed barley prices in Western Canada well supported, according to a market-watcher. “There is that memory of last year’s drought and seeing temperatures in the high 20s and 30s at the end of May,” said Allan Pirness of
USDA sees U.S. corn, soy, wheat supplies falling in 2018-19
Washington | Reuters — U.S. soybean supplies are seen falling in the upcoming marketing year as domestic usage and exports are expected to remain strong even as production eases, the U.S. Agriculture Department said on Thursday. Domestic corn and wheat stocks are also expected to drop due to smaller harvests, according to the government’s monthly
Feed weekly outlook: For barley acres, seeding delays will tell tale
CNS Canada — After a slight delay to the start of seeding in southern Alberta, producers are out in the fields and it doesn’t yet look like they have seeded more shorter-season acres, such as in feed barley. “Southern Alberta is a little bit later than normal (for starting seeding). But most areas, they’re kind
Feed weekly outlook: Prairie grains continue strong rally
CNS Canada — The rally on which southern Alberta feed grain prices have been riding since the start of the year continued this week. “Right now (we’re seeing) some of the best prices on barley for farmers that have been seen in Alberta for a while,” said Joshua Boyko of CorNine Commodities in Lacombe. According
Feed weekly outlook: Shipping to feedlots becomes problem
CNS Canada –– Spring has sprung on the Prairies, meaning road bans are starting, leading to problems shipping feed grains to feedlots in Alberta. “The supply is actually there at the farm gate but getting the supply from the farm gate to the end-user means more truck logistics and higher freight rates typically,” said Jim
U.S. livestock: Cattle tumble as USDA report rallies corn
Chicago | Reuters — U.S. live cattle futures fell sharply on Thursday as a rally in the corn market sent feeder cattle tumbling and as weak cash cattle prices and rising supplies weighed on sentiment, traders said. The actively traded Chicago Mercantile Exchange June contract dropped by the three-cent-per-pound daily limit to settle at 102.575