U.S. soybean futures climbed to a 15-month high and posted their biggest monthly gain in nearly five years on Friday following a rally fueled by the prospect of revived exports to China.
Stories by Tom Polansek
U.S. grains: Soy futures set 15-month high after China agrees to purchases
U.S. soybean futures reached a 15-month high on Thursday after President Donald Trump’s administration said top-importer China agreed to buy tens of millions of tons of American crops in the next few years as part of a trade truce.
U.S. livestock: CME cattle futures take a pause after recent slides
Chicago | Reuters – Chicago Mercantile Exchange live cattle and feeder cattle futures took a breather on Thursday after falling hard recently on concerns over President Donald Trump’s push to lower U.S. beef prices, traders said. Ranchers continued to oppose Trump’s plan to boost the country’s imports of Argentine beef to reduce U.S. prices and […] Read more
U.S. grains: Soybean futures hover near 15-month high after China buys U.S. cargoes
Chicago Board of Trade soybean futures hovered near a 15-month high on Wednesday after trade sources said China made its first purchases from the autumn U.S. harvest ahead of a summit between leaders Donald Trump and Xi Jinping.
U.S. livestock: Cattle futures sink on concerns over Trump’s push to lower prices
Chicago | Reuters – U.S. cattle futures tumbled on Monday, extending a steep slide after President Donald Trump complained last week that prices were too high. Traders said they were increasingly expecting that Trump’s administration will encourage more imports of beef and cattle in a bid to offset tight U.S. supplies and bring down prices […] Read more
U.S. grains: Soy hits four-month high on hopes for China trade deal
U.S. soybean futures jumped to their highest level in more than four months on Monday on hopes that China will resume buying American supplies after President Donald Trump said the countries were set to reach a trade deal during his trip to Asia this week.
Under Trump, U.S. cedes its share of China’s beef market to Australia
Australian beef has replaced U.S. supply in China since President Donald Trump returned to the White House.
U.S. livestock: Hog futures hit contract highs on shock herd decline
Chicago | Reuters – Lean hog futures stormed to contract highs at the Chicago Mercantile Exchange on Friday as smaller-than-expected U.S. inventory numbers stoked concerns about supplies, analysts said. The nation’s inventory on September 1 was 74.5 million head, down 1.3 per cent from a year earlier, the U.S. Department of Agriculture said in a […] Read more
U.S. grains: Soybean futures edge up as Argentina ends export tax waiver
Chicago | Reuters – Chicago Board of Trade soybean futures ended slightly higher on Thursday as Argentina reinstated export taxes on grains after a suspension increased competition for sales on the global market. Corn futures also crawled higher as traders monitored reports from early U.S. harvesting, while wheat futures jumped in a recovery from contract […] Read more
U.S. livestock: Hog futures hit contract high, herd falls short of estimates
Chicago | Reuters – Chicago Mercantile Exchange lean hog futures set a contract high on Thursday as strong cash prices supported the market, analysts said. After the trading session ended, the U.S. Department of Agriculture said in a quarterly report the nation’s inventory of hogs and pigs on September 1 was 74.5 million head, down […] Read more
