Chicago | Reuters –– U.S. soybean futures hit a six-week high on Friday as China’s first large purchase of U.S. beans in months and easing of some duties on U.S. exports fuelled hopes of a detente in the tariff war between Washington and Beijing. Corn also firmed as signs of a U.S.-China trade thaw sparked […] Read more
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U.S. grains: Soybeans extend gains on big Chinese purchase
U.S. livestock: Hogs limit up again on China tariff exemption
Chicago | Reuters — U.S. lean hog futures climbed by an expanded daily limit on Friday as China said it would exempt U.S. pork from additional tariffs imposed during its trade war with the United States. The exemptions raised hopes for Chinese buying and were seen as the latest sign of easing Sino-U.S. tensions before […] Read more
U.S. grains: Fresh sales to China fuel soy optimism
Chicago | Reuters — U.S. soybean futures jumped to a one-month high on Thursday on news of fresh export sales to China and signs of a possible easing of the U.S. trade dispute with the world’s biggest buyer of the oilseed. Corn and wheat futures also rose, following soybeans. Meanwhile, the U.S. Department of Agriculture […] Read more
U.S. livestock: Hogs limit up on expectations for Chinese buying
Chicago | Reuters — U.S. lean hog futures climbed the daily exchange-imposed limit on Thursday on increasing expectations for Chinese buying as the world’s two largest economies prepared for talks aimed at breaking the logjam in their trade war. The Chicago Mercantile Exchange (CME) will temporarily expand the trading limit to 4.5 cents on Friday […] Read more
U.S. grains: Soybeans, corn ease on crop-boosting weather
Chicago | Reuters — U.S. soybean futures retreated on Wednesday ahead of an eagerly awaited U.S. government crop report, pressured by forecasts for favourable Midwest crop weather and disappointment that China did not include the oilseed on a list of U.S. imports exempted from tariffs. Corn also weakened as late-planted U.S. crops were seen benefiting […] Read more
U.S. livestock: Live cattle extend recovery from nine-year low
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures shot higher on Wednesday on short covering and technical buying as the market extended a rebound from a nine-year low this week. CME October live cattle futures ended up 2.35 cents at 98.5 cents/lb. (all figures US$). The market has climbed since October live cattle […] Read more
U.S. grains: Crop condition rating lifts corn
Chicago | Reuters — U.S. corn futures rebounded on Tuesday from four-month lows struck in the previous session after the U.S. Department of Agriculture said the U.S. crop’s condition unexpectedly declined over the past week. Soybeans followed corn higher despite steady crop condition ratings, as worries about lower yields in the late-developing crop underpinned prices. […] Read more
U.S. livestock: Lean hogs advance on China trade hopes
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures jumped on Tuesday as expectations rose for China to increase pork imports from the United States, traders said. China, the world’s top pork consumer, is expected to buy more U.S. agricultural products in hopes of a better trade deal with Washington, the South China Morning […] Read more
U.S. grains: Corn, soy hit lows on weather, before technical bounce
Chicago | Reuters — U.S. corn futures fell to contract lows on Monday and soybeans slid to 3-1/2 month lows on crop-boosting weather and weak demand before short covering and technical buying helped both markets pare losses. Spillover support from rising wheat futures also gave corn and soy some underlying support ahead of eagerly awaited […] Read more
U.S. livestock: Live cattle set nine-year low on weak cash prices, big supply
Chicago | Reuters — Front-month live cattle futures fell to a nine-year low on the Chicago Mercantile Exchange on Monday under pressure from weak cash prices and large supplies. Cash cattle are expected to trade around $98/cwt this week in Texas and Kansas, down from $100 last week and $103 two weeks ago, according to […] Read more