*Chicago Dec wheat hits fresh contract low on weak demand Corn falls for 3rd day as U.S. harvest pressure mounts. SINGAPORE, Sept 3- Chicago wheat hit a contract low on Thursday, falling for a sixth session out of eight, as ample global supplies dented demand for uncompetitively priced U.S. grain. Corn fell for a third session with a near-record U.S. harvest likely to...» Read More
Chinese importers' defaults on soybean cargos may spur debt concerns, but such defaults aren't unusual and China's soybean business has been struggling.
Beef has never been more expensive, and rarely more controversial. From top-end T-bone to Big Mac, the future of the beef industry is at stake.
Greg Smith, Group CEO, Global Commodities Ltd says that speculators are still short commodities and that investors are not picking up on the protein theme yet.
A Chinese trade delegation signed agreements with U.S. grain companies on Wednesday to buy 8.62 million metric tons of soybeans from the United States and will ink more deals on Thursday for a record-setting purchase topping 12 million metric tons.