Chicago soybean futures rose for a fourth session on Thursday to hold at a two-month high as the potential for demand outside of China appeared to be rising, and comments by U.S. officials on a possible de-escalation in the trade standoff with that country continued to lend some support to the oilseed market.
Markets
U.S. grains: Soybeans gain strength as investors hope for more demand outside China
Feed Grain Weekly: Prices rise on seasonality
C$3 to C$5/tonne weekly increases reported
Feed prices in the Lethbridge area during the week ended April 24 were slightly higher as growers get deeper into springtime.
Chinese influence is alternating trade flows for wheat
Unlike the U.S., China has not imposed tariffs on developing countries in the global south, cementing its position as the trade leader for these countries
China has a strategic long term plan when it comes to the trade war. The top 20 developing countries in the world are in the global south. This includes the Middle East, North Africa, Asia Pacific and sub-Sahara Africa. Last year, China announced zero tariffs on these developing countries in the global south which cemented its position as the trade leader for these countries. You guessed it, these regions are all major wheat importers and with the Chinese influence, they are not looking at the U.S. any longer for food security.
ICE Canada Weekly: Canola in a good position
July contract to hit C$700/tonne, just when?
Canola futures are expected to climb higher on the Intercontinental Exchange in the coming weeks, commented Phil Speiss, trader with RBC Dominion Securities in Winnipeg. How quickly that happens is dependent on whether demand rationing kicks in or not.
CBOT Weekly: Planting pace outweighs Trump comments
Rapid planting paces for major U.S. crops outweighed President Donald Trump's comments on trade with China at the Chicago Board of Trade during the week ended April 23.
U.S. grains: Soybeans jump on hopes of easing US-China trade tensions
Soybean prices rose to a two-month high on Wednesday, underpinned by expectations of a de-escalation in the U.S.-China trade conflict, while wheat and corn futures ticked lower.
U.S. livestock: Cattle futures rise, nearby hogs edge down
Chicago cattle futures continue to rise on Wednesday while nearby lean hog contracts edged downward.
US signals willingness to de-escalate trade war with China
Soybean futures jump on hopes of lower trade barriers
U.S. Treasury Secretary Scott Bessent said on Wednesday that high tariffs between the United States and China are not sustainable, as President Donald Trump's administration signaled openness to de-escalating a trade war between the world's two largest economies that has raised fears of recession.
U.S. grains: Chicago soybeans get a technical bounce, corn and wheat ease
Chicago soybean futures bounced on Tuesday while corn and wheat eased as broader financial markets recovered from a day-earlier slide and the dollar held near a multi-year low.
U.S. livestock: Chicago cattle resume climb, hogs gain
Chicago cattle futures resumed their upward trajectory on Tuesday after Monday's dip, which had been influenced by threats by U.S. President Donald Trump to sack the Federal Reserve chair.
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