LONDON The U.S. agriculture industry has been hoping to reignite trade with China ever since the trade war between the two countries began 16 months ago. Either Beijing’s lift of the U.S. poultry ban on Thursday is a refreshing step toward that goal, or China is extremely short on meat.
LONDON Brazilian corn exporters are enjoying a banner year thanks to a big crop and improved logistics, burnishing the country's status as a top global corn supplier and threatening the United States' traditional dominance in the arena.
LONDON Although the U.S. corn and soybean harvests are still notably behind schedule, things are nearly complete for the U.S. Crop Watch fields, as both the Nebraska corn and the North Dakota soybeans were finished on Friday. The corn was above average, as expected, but the beans were very disappointing and the worst-yielding of the 16 subject fields relative to normal.
FORT COLLINS, Colo. It is no secret that overseas demand for U.S. corn has been downright terrible as of late, and relief does not seem likely in the immediate term as purchase commitments remain dismal. Forward sales for U.S. soybeans are nothing to brag about either, but soy exporters have enjoyed more success recently than those for corn.
FORT COLLINS, Colo. Most of the U.S. Crop Watch growers are beginning to wind down their harvests, though colder temperatures are allowing activity to pick up speed in North Dakota after field work has been delayed for many weeks by extremely soggy conditions.
FORT COLLINS, Colo. Speculators last week marked their seventh straight week of covering short positions in Chicago-traded soybeans as top soybean buyer China continues to be active in the U.S. market despite the lack of a firm trade agreement between the two countries.
FORT COLLINS, Colo. The U.S. Crop Watch growers report decent progression of the corn and soybean harvests last week, and the overall sentiment toward the crop is unchanged on the week. However, parts of North Dakota continue to struggle in the wet conditions, which are preventing harvest equipment from entering the fields.
FORT COLLINS, Colo. Speculators continued to expand optimism in Chicago-traded soybeans last week amid easing U.S.-China trade tensions, and they turned bullish toward Chicago wheat for the first time in six years during the month of October.
FORT COLLINS, Colo. Thursday’s media report that China has agreed to buy a certain volume of U.S. farm goods provides only lukewarm assurance to the agriculture market, which has been waiting for a resurgence of U.S. exports to the East Asian country.
FORT COLLINS, Colo. The recent price action in Chicago-traded soybeans has been friendly for the bulls, and even historically aggressive. But the futures rally has plateaued over the last several sessions, and now the bullish market is at risk of a downturn without more supportive news very soon, particularly surrounding U.S.-China relations.