Chicago | Reuters – Commodity traders are in the dark because of the partial U.S. government shutdown, unable to see daily and weekly reports of agricultural exports to obtain clues as to whether China is following through with promises to buy grain and soy amid the ongoing trade war. Traders have been anxiously awaiting proof […] Read more
Tag Archives usda
U.S. government shutdown keeps traders guessing
The absence of government reports on sales is clouding the marketplace
ICE weekly outlook: Quiet winter has canola steadying
CNS Canada — The ICE Futures canola market is expected to stabilize now as there isn’t really any big news to drive North American oilseed markets. “We don’t have something very dominant for traders to focus on and supplies are pretty comfortable everywhere in the oilseed complex for now… the only factor that has hurt […] Read more
CBOT weekly outlook: Lack of USDA reports taking toll
CNS Canada — A lack of reports from the U.S. Department of Agriculture (USDA) because of the partial U.S. government shutdown is taking its toll on the Chicago Board of Trade. As of Wednesday, the partial shutdown of the U.S. government is in its 26th day and affecting USDA. One of the department’s key functions, […] Read more
USDA recalls workers to help with farm loans, taxes; data uncertain
Washington | Reuters — The U.S. Department of Agriculture will reopen about 980 Farm Service Agency (FSA) offices for three days starting on Thursday to help process farm loans and tax documents during the partial federal government shutdown. About 2,500 FSA employees who have been furloughed by the partial shutdown that began on Dec. 22 […] Read more
USDA predicts larger world grain/oilseed stocks
Global soybean, corn and wheat ending stocks for the 2018-19 marketing year were all larger than earlier expectations, according to the latest World Agriculture Supply and Demand Estimates (WASDE) report from the United States Department of Agriculture (USDA). In a report released last December, the USDA raised its global soybean ending stocks forecast for 2018-19 […] Read more
Beetles halt U.S. DDGs exports to Thailand
Chicago | Reuters — Exports of U.S. distillers’ dried grains to Thailand have stopped due to new fumigation requirements installed after beetles were discovered in a shipment last year, U.S. traders said on Friday. Thai government officials said U.S. shipments required certificates showing they had been “properly fumigated.” Traders said sales had effectively been halted […] Read more
U.S. grains: Soy firm on Brazil dryness, China trade hopes
Chicago | Reuters — U.S. soybean futures rose on Monday for a fourth straight session and notched a three-week high on concern about dry weather in Brazil and as trade talks between Washington and Beijing raised hopes of accelerated export purchases by China. Corn and wheat eased as some traders sold contracts to take profits […] Read more
U.S. delays key agriculture reports due to government shutdown
Chicago | Reuters — The U.S. Department of Agriculture (USDA) delayed several major domestic and world crop reports because of the two-week-old partial government shutdown, the agency said on Friday. New release dates for the monthly world agricultural supply and demand estimates (WASDE) report and other data originally scheduled for Friday, Jan. 11, will be […] Read more
U.S. grains: Wheat rises on technical bounce, export prospects
Chicago | Reuters — U.S. wheat futures rose about 1.4 per cent on Thursday, reaching a one-week high on a technical rebound from multi-month lows and optimism about U.S. export prospects, analysts said. Soybeans hit a two-week top on worries about declining Brazilian crop prospects and rumours of Chinese buying interest, and corn followed the […] Read more
CBOT weekly outlook: Soybeans wait on China news
CNS Canada — Soybean futures at the Chicago Board of Trade started 2019 on a firm note, bouncing higher on rumours of fresh Chinese buying interest. However, with the U.S. government still in partial shutdown mode, confirmation of that business was lacking and additional advances remain questionable. “We’re basically buying the rumour at this point,” […] Read more
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