Chicago Board of Trade soybean futures finished slightly higher on Friday but posted a second weekly loss after China made large purchases of Argentine cargoes this week, snubbing U.S. supplies.
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
Chicago | Reuters – U.S. soybean futures eased on Wednesday on export concerns as large sales of Argentine soy to China kept attention on the top importer’s lack of purchases from the U.S. Corn followed soybeans lower, although losses were limited by early harvest reports of smaller-than-expected yields in the heart of the Midwest Corn […] Read more
Chicago | Reuters – U.S. soybean futures set a six-week low on Tuesday under pressure from a lack of Chinese demand and increased competition for export sales from Argentina, analysts said. The market finished slightly higher in a technical rebound, traders said. Wheat futures also recovered after setting contract lows, with an expected boost to […] Read more
Senior Chinese trade negotiator Li Chenggang met political and business leaders from the U.S. Midwest. Analysts speculate the region’s food exports will be key to any U.S.-China trade deal.
Chicago | Reuters – soybeans fell to a six-week low on Monday, as a phone call last week between U.S. President Donald Trump and Chinese President Xi Jinping provided no signs of progress on negotiations over agricultural exports, analysts said. Wheat fell on expectations of plentiful global supplies. Corn also dipped as dealers awaited the […] Read more