Chicago soybeans fell down after multiple days of advances on Friday as many traders exited the market on positioning and news that China was denying claims by U.S. President Donald Trump that the two countries are in tariff talks.
Pulses
U.S. grains: Soybeans weaken on positioning, China’s tariff talk denials
U.S. grains: Soybeans gain strength as investors hope for more demand outside China
Chicago soybean futures rose for a fourth session on Thursday to hold at a two-month high as the potential for demand outside of China appeared to be rising, and comments by U.S. officials on a possible de-escalation in the trade standoff with that country continued to lend some support to the oilseed market.
U.S. grains: Soybeans jump on hopes of easing US-China trade tensions
Soybean prices rose to a two-month high on Wednesday, underpinned by expectations of a de-escalation in the U.S.-China trade conflict, while wheat and corn futures ticked lower.
U.S. grains: Chicago soybeans get a technical bounce, corn and wheat ease
Chicago soybean futures bounced on Tuesday while corn and wheat eased as broader financial markets recovered from a day-earlier slide and the dollar held near a multi-year low.
Pulse weekly: Lentil/pea bids soften in Western Canada
Tariff uncertainty in background
Lentil and pea bids in Western Canada have softened over the past month, as all agricultural markets react to ongoing global trade uncertainty.
ADM closing soybean processing plant in Kershaw, South Carolina
Grains merchant Archer-Daniels-Midland will permanently close its soybean processing plant in Kershaw, South Carolina, later this spring as part of a cost-cutting and consolidation push announced earlier this year.
U.S. grains: Wheat up on US Plains dryness, soybeans fall on profit taking
Chicago wheat futures rose on Thursday, supported by concerns that forecasted rain will not be enough to alleviate dryness in some U.S. wheat production regions, analysts said.
Barley, Canola, Cereals, Corn, Lentils, Markets, Oats, Peas, Pulses, Soybeans, Spring Wheat, Winter Wheat
AAFC tweaks monthly data, but holds canola exports
But year-to-date exports nearly 7.40 million tonnes
Although Agriculture and Agri-Food Canada made several small revisions to its April supply and demand report compared to the previous month, it did not alter any of its canola numbers.
U.S. grains: Soybeans rise on weaker dollar; tariff threats priced in
Chicago soybean futures gained strength on Wednesday from a weaker dollar and a report that China would be open to trade negotiations with the U.S., though big supplies from South America and nearly nonexistent Chinese demand for U.S. beans continued to loom over the market, analysts said.
U.S. grains: Soybeans slip from highs on weak export demand, trade tensions
Chicago soybean futures fell on Tuesday, a day after hitting a seven-week high, under pressure from weak demand from top buyer China amid an escalating trade war and Brazil's bumper soybean harvest.