CNS Canada — ICE Futures Canada canola futures fell sharply lower during the week ended Wednesday, but could still have more room to the downside as the oilseed remains overpriced compared to the slumping U.S. soybean market. Mounting trade tensions between the U.S. and China led to a selloff in Chicago Board of Trade (CBOT) […] Read more
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ICE weekly outlook: More downside likely for canola
U.S. livestock: Hogs, cattle extend declines on trade war worries
Chicago | Reuters — U.S. livestock futures fell one per cent or more on Wednesday, extending declines on technical selling and fears reduced pork and beef exports could result in burdensome supplies in domestic meat markets, traders and analysts said. Most Chicago Mercantile Exchange lean hog futures contracts slumped to lifetime lows for the third […] Read more
Corn, soybeans may have seen low point for now
CNS Canada — Agricultural markets throughout North America continue to weather a storm of tariffs and uncertain political interventions — and from where one trader sits, prices for corn and soybeans may have seen their low points. “We have gotten back down to recent lows in corn while beans have gotten cheap again,” said Brian […] Read more
U.S. grains: Corn hits contract lows on favourable weather
Chicago | Reuters — U.S. corn futures fell to contract lows on Tuesday on forecasts for crop-boosting rain and milder temperatures in the heart of the U.S. corn belt, with three-quarters of the nation’s crop already in good-to-excellent shape. Wheat futures tumbled more than three per cent on dull export demand and improving spring wheat […] Read more
U.S. livestock: Hogs extend declines on demand worries
Chicago | Reuters — U.S. lean hog futures fell over three per cent on Monday, weighed down by plentiful supplies and worries of weaker demand later this year due to tariffs on imports of American pork in Mexico and Canada, traders and analysts said. Most-active Chicago Mercantile Exchange August hogs sank 2.65 cents to 72.775 […] Read more
U.S. grains: Soybeans fall on China trade woes, good crop weather
Chicago | Reuters — U.S. soybean futures retreated on Monday, giving up more than half of their gains from a bargain-buying rally before the weekend as investors weighed the impact of reduced Chinese demand following Beijing’s tariffs on U.S. supplies. Improved growing conditions in the U.S. Midwest also weighed on soybeans and corn before weekly […] Read more
U.S. grains: Soy rises but fears persist over China trade fight
Chicago | Reuters — U.S. soybean futures surged on Friday as the market recovered a day after nearing a decade low on concerns over the escalating trade war with China. Prices climbed as the U.S. implemented tariffs on $34 billion in Chinese imports and Beijing said it would retaliate with planned duties on products, including […] Read more
CBOT weekly outlook: Soy market waiting on trade war
CNS Canada — It’s a wait-and-see game for traders who deal in corn and soybeans on the Chicago Board of Trade (CBOT). “It looks like we’re going to be concerned a lot about what happens with our friends from China here in the short term,” said Jack Scoville, of Price Futures Group in Chicago, on […] Read more
U.S. grains: Soybeans down as China tariffs loom
Chicago | Reuters — U.S. soybean futures fell to contract lows and closed at their lowest in 2-1/2 years on Thursday ahead of a tit-for-tat trade tariff battle with China that is set to raise duties on U.S. shipments to the world’s top importer of the oilseed. Grains were higher, however, led by surging wheat […] Read more
ICE weekly outlook: Canola to face pressure from northbound U.S. soy
CNS Canada — As Friday’s deadline nears for Chinese tariffs to be imposed on imports of U.S. soybeans, so too does the idea that eastern crushers could soon be bringing those unwanted beans into Canada. “Soybeans have become so cheap we’re going to find them leaking across the border, especially into Ontario,” said Mike Jubinville […] Read more
Cyber-Savvy Farmer
