Chicago Board of Trade wheat futures rose more than 2 percent in technical moves, including traders liquidating long Kansas City/ short Chicago wheat spread positions. We've taken enough risk premium out, for the time of year we're in, "said Don Roose, president of Iowa- based U.S. Commodities. China's commerce ministry described the threat as "blackmailing" and...
*U.S.- China trade tension may hit U.S. bean exports. CHICAGO, June 19- U.S. soybean futures plunged on Tuesday to their lowest level in nearly a decade as escalating trade tensions between the United States and China, the world's biggest soy buyer, prompted fund-driven selling, analysts said. As of 10:50 a.m. CDT, Chicago Board of Trade July soybeans were down 29-1/ 2...
Chicago Board of Trade soft red winter wheat futures also sagged and K.C. July hard red winter wheat hit a one-month low as the U.S. winter wheat harvest expanded. As of 12:55 p.m. CDT, CBOT July corn was down 5-1/ 4 cents at $3.56 per bushel after hitting a contract low at $3.54. CBOT July wheat was down 10 cents at $4.89-1/ 2 a bushel while K.C. July wheat was down 18-3/ 4...
*U.S.- China trade tensions hang over market. As of 12:50 p.m. CDT, Chicago Board of Trade July soybeans were down 20 cents at $9.74-1/ 4 per bushel and new-crop November, representing the newly planted U.S. crop, was down 19 cents at $9.94-1/ 2 a bushel. CBOT July corn was down 2-1/ 2 cents at $3.75-3/ 4 a bushel while July wheat was up 5-1/ 4 cents at $5.25 a bushel.
*Dry weather in Russia, Australia buoys wheat. CHICAGO, June 6- U.S. wheat futures climbed nearly 2 percent on Wednesday on a mix of technical buying and worries about persistent dry weather in major exporting countries including Russia and Australia. Chicago Board of Trade July wheat settled up 9-3/ 4 cents at $5.19-3/ 4 per bushel after climbing to $5.31-1/ 4, its...
CHICAGO, June 5- U.S. wheat futures closed higher Tuesday on a technical bounce a day after the spot July contract neared a two-week low, and on worries about dry weather in the Black Sea crop region, analysts said. Chicago Board of Trade July wheat settled up 4-3/ 4 cents at $5.10 a bushel while July corn ended up 3 cents at $3.83-3/ 4 per bushel after falling to $3.80, its...
*Analysts expect strong USDA corn and soy crop ratings. *U.S.- China trade doubts hang over grain markets. As of 12:45 p.m. CDT, Chicago Board of Trade July corn was down 10-1/ 4 cents at $3.81-1/ 4 per bushel, testing chart support at its 200- day moving average.
*Soy ends firm; U.S.- China trade talks eyed. Wheat futures also declined as the U.S. winter wheat harvest began while soybeans closed firm as traders awaited news from U.S.- China trade talks this weekend. Chicago Board of Trade July corn futures settled down 2-1/ 2 cents at $3.91-1/ 2 per bushel but held support at Tuesday's one-month low of $3.90-3/ 4.
As of 12:23 p.m. CDT, Chicago Board of Trade July soybeans were down 3-1/ 2 cents at $10.19-1/ 2 per bushel. Soybean futures turned lower after the United States said it would impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, reigniting fears of a global trade war. It looks like the tariffs on steel and aluminum on our partners...
SAO PAULO, May 30- Brazilian commodities exporters were scrambling to resume operations after striking truckers protesting high fuel prices slowly returned to work in Latin America's largest economy. The world's largest soy exporter, Brazil is forecast to sell 72 million tonnes of the oilseeds in global markets this year, according to projections by the U.S....
*U.S.- China trade tensions drag on grains sector. As of 12:51 p.m. CDT, Chicago Board of Trade July wheat was down 12 cents at $5.24-1/ 2 per bushel, a day after climbing to $5.54, its highest level since July 2017. CBOT July corn was down 6 cents at $3.94 a bushel after dipping to $3.90-3/ 4, its lowest price since April 25.
CHICAGO, May 29- U.S. corn futures fell about 1.5 percent on Tuesday, with the front contract at times dropping below $4 a bushel as U.S. trade tensions with China re-emerged, analysts said. Corn tumbled after the United States said it will continue pursuing action on trade with China, days after Washington and Beijing announced a tentative solution to their...
CHICAGO, May 29- U.S. corn futures fell nearly 2 percent on Tuesday, with the front contract dropping below $4 a bushel as U.S. trade tensions with China re-emerged, analysts said. Corn tumbled after the United States said it will continue pursuing action on trade with China, days after Washington and Beijing announced a tentative solution to their dispute and...
BUENOS AIRES, May 28- Argentina's government is raising an export tax on biodiesel to 15 percent from 8 percent, effective July 1, according to a decree published in the official Gazette on Monday. Argentina is one of the world's top providers of biodiesel fuel, exporting 1.65 million tonnes in 2017, but it has been hit by retaliatory tariffs in recent years.
BUENOS AIRES, May 28- Argentina's government is raising an export tax on biodiesel to 15 percent from 8 percent, effective July 1, according to a decree published in the official Gazette on Monday. Argentina is one of the world's top providers of biodiesel fuel, exporting 1.65 million tonnes in 2017, but it has been hit by retaliatory tariffs in recent years.
BUENOS AIRES, May 28- Argentina's government is raising an export tax on biodiesel to 15 percent from 8 percent, effective June 1, according to a decree published in the official Gazette on Monday. Argentina is one of the world's top providers of biodiesel fuel, exporting 1.65 million tonnes in 2017 but it has been hit by retaliatory tariffs in recent years.
*China quietly signals to companies to buy U.S. soybeans. BEIJING, May 25- China's nod to state-owned companies to start buying U.S. soybeans again to help placate its top trading partner may turn into a test of Beijing's will over market forces. Business is business, "said a manager at a medium-sized crusher in northern China, which has sufficient supplies for its...
*China quietly signals to companies to buy U.S. soybeans. BEIJING, May 25- Beijing's nod to state-owned companies to start buying U.S. soybeans again to help placate its top trading partner may turn into a test of government will over market forces. Business is business, "said a manager at a medium-sized crusher in northern China, which has sufficient supplies for...
*China quietly signals to companies to buy U.S. soybeans. BEIJING, May 25- Beijing's nod to state-owned companies to start buying U.S. soybeans again to help placate its top trading partner may turn into a test of government will over market forces. A bean buying spree right now would be painful for well-stocked Chinese end-users and traders, according to...
*China is pushing to develop commodity derivatives. HONG KONG, May 18- The latest step in China's push to develop its commodities derivatives market gets under way on Monday as the Shanghai Futures Exchange launches a month-long test of a much-anticipated copper options contract. The options, approved by China's securities regulator in November, are on track...
