China Archives - Page 147 of 179

China reports 1st African swine fever outbreak, culls 1,000 hogs

By GFM Network News August 3, 2018

Beijing | Reuters – China reported its first outbreak of the deadly African swine fever (ASF) on Friday, as authorities in Liaoning province in the country’s northeast culled almost 1,000 hogs and rushed to control the highly contagious disease. News of the infection will stoke concern about its spread in the world’s largest pig herd, and possibly […] Read more

Bunge wrongly bet that soybean prices would rise as U.S.-China trade tensions eased.

Reuters, Soybeans

Bunge posts surprise loss on trade-related soy hedges

By GFM Network News August 1, 2018

Chicago | Reuters – Global grains merchant Bunge Ltd reported a surprise quarterly loss on Wednesday as its agribusiness unit took a $125 million hit from soybean hedges tied to the trade dispute between the United States and China. Shares of the White Plains, New York-based company fell 2.9 percent in early trading to $67.10 […] Read more

Cereals, Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn and soy markets awaiting USDA report

By GFM Network News August 1, 2018

CNS Canada – After a week where corn, soybean and wheat contracts climbed on the Chicago Board of Trade, traders are now awaiting the latest supply and demand report from the United States Department of Agriculture. “With the crop report (for) August, which at least over the last five years has historically leaned more bearish […] Read more

Reuters

ADM earnings double, helped by U.S.-China trade row

By GFM Network News July 31, 2018

Chicago | Reuters – Archer Daniels Midland Co’s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.-China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New […] Read more

G20 agriculture ministers on July 28, 2018 at La Rural in Buenos Aires, Argentina. (G20.org)

General, Markets, Reuters

G20 ag ministers slam protectionism, pledge WTO reforms

By GFM Network News July 28, 2018

Buenos Aires | Reuters — Agriculture ministers from the G20 countries criticized protectionism in a joint statement on Saturday, and vowed to reform World Trade Organization (WTO) rules, but did not detail what steps they would take to improve the food trade system. In the statement, they said they were “concerned about the increasing use […] Read more

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn, soybeans look to wheat for support

By GFM Network News July 25, 2018

CNS Canada — Corn futures on the Chicago Board of Trade chopped around for much of the week ended July 25, but could be poised to move higher. There are ideas a trade deal between the U.S. and Mexico could be reached over some agricultural commodities such as corn, according to Jack Scoville of Price […] Read more

Crops, Markets, Reuters

U.S. grains: Soy jumps as U.S. readies aid for farmers

By GFM Network News July 24, 2018

Chicago | Reuters — U.S. soybean futures climbed to two-week highs on Tuesday as the Trump administration said it would provide up to US$12 billion in aid to shield U.S. farmers from economic pain stemming from trade disputes. The program will include direct payments for farmers, and those who grow soybeans are expected to be […] Read more

U.S. President Donald Trump holds up a cap reading “Make Our Farmers Great Again” while delivering remarks at a showcase of U.S.-made products at the White House in Washington on July 23, 2018. (Photo: Reuters/Carlos Barria)

General, Markets, Reuters

Trump to offer U.S. farmers billions to ease trade pain

By GFM Network News July 24, 2018

Washington/Kansas City | Reuters — The Trump administration on Tuesday said it would provide up to US$12 billion in aid for U.S. farmers to shield them from the repercussions felt by trade spats between the United States and China, the European Union and others. China has targeted U.S. agricultural exports with tariffs in retaliation to […] Read more

Crops, Markets, Reuters

U.S. grains: Wheat retreats after nearing six-week peak

By GFM Network News July 23, 2018

Chicago | Reuters — U.S. wheat futures pulled back on Monday after approaching a six-week high on concerns about dry weather eating into harvests in some of the world’s main exporting countries. Corn futures advanced for the sixth consecutive session to reach their highest prices in three weeks, while soybeans neared a two-week high before […] Read more

Crops, Markets, Reuters, Soybeans

‘Hi, I’m a soybean’: China deploys cartoon legume to reach U.S. farmers

By Reuters, GFM Network News July 22, 2018

Beijing | Reuters –– In the tense trade war with the United States, China’s government has turned to an unlikely weapon: a cartoon bean. “Hi, everybody. I am a soybean. I may not look like much, but I’m very important,” says the animated character in a video posted on Friday on the website of China […] Read more

Canadian Cattle Association focused on CUSMA review as trade talks with U.S. continue

Prairie forecast: Merging lows bring plenty of chances for rain

Glencore says long-term strategy may involve sale of Bunge stake

GFM Network News