China Archives - Page 30 of 182

ICE November 2022 canola (candlesticks, right column) with 20- and 50-day moving averages (yellow and green lines) and CBOT December 2022 soyoil (black line, left column). (Barchart)

ICE weekly outlook: Canola could take a nosedive

'I think (farmers) are undersold'

By GFM Network News August 17, 2022

MarketsFarm — A huge drop in canola prices could be looming, according to analyst Wayne Palmer of Exceed Grain in Winnipeg. Palmer pointed to Prairie farmers and said, “I think they are undersold.” He surmised too many farmers have held off from selling their canola, in hopes of getting a great price the next time […] Read more

File photo of the Raohe Night Market in Taipei, Taiwan’s capital. (Fazon1/iStock/Getty Images)

General, Markets, Reuters

Canadian lawmakers plan Taiwan trip amid rising China tensions

By GFM Network News August 17, 2022

Ottawa | Reuters — A delegation of Canadian lawmakers plans to visit Taiwan in October to seek economic opportunities in the Asia Pacific region, Liberal MP Judy Sgro said Wednesday, a move that could further stoke tensions between China and the West. The relationship between China and the West has worsened since U.S. House of […] Read more

CBOT December 2022 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)

Crops, Markets, Reuters

U.S. grains: Grains fall on weather, Ukrainian exports

Concerns over Chinese economic growth weigh on soybeans, corn

By Christopher Walljasper, GFM Network News August 16, 2022

Chicago | Reuters — Chicago corn, wheat and soybean futures fell for a second day on Tuesday, pressured by rainfall across parts of the U.S. Midwest, as well as economic uncertainty in China and grain shipments from war-torn Ukraine. The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 31-1/4 cents to $13.81 […] Read more

CBOT November 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, brown and dark green lines). (Barchart)

Crops, Markets, Reuters

U.S. grains: Soy dives on China’s economic uncertainty

Improved outlook for Ukraine exports weighs on grains

By Christopher Walljasper, GFM Network News August 16, 2022

Chicago | Reuters — Chicago soybeans fell on Monday, pressured by forecasts for beneficial rainfall in parts of the U.S. Midwest and unexpected data from China that suggested declining demand for U.S. agricultural commodities from the country. The People’s Bank of China cut key interest rates on weaker-than-expected economic data from the world’s second-largest economy, […] Read more

Markets, Reuters

China’s U.S. ag imports soar to new highs in 2022, but volumes vary

By GFM Network News August 5, 2022

Naperville, Ill. | Reuters – China is on track to be the leading international buyer of U.S. agricultural products for a third consecutive year, as the total value of exported goods reached record levels in the first half of 2022. Some of that can be explained by increased trade volumes of certain items, particularly beef, but […] Read more

Corn in progress just east of Blumenort, Man. on July 20, 2022. (Dave Bedard photo)

Crops, Markets

CBOT weekly outlook: Keep an eye on the weather

Corn, soy seen trending lower

By GFM Network News July 21, 2022

MarketsFarm — As soybeans and corn trend downward on the Chicago Board of Trade, wheat is poised to climb higher, according to Andrew Mages, analyst with Progressive Ag at Fargo, N.D. The weather outlook has called for scattered showers over the next couple of weeks, which will impact crops in some way, he said. “The […] Read more

ICE November 2022 canola (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Don’t bank on canola prices jumping higher

By GFM Network News July 14, 2022

MarketsFarm — As canola remained steadfast in its following of Chicago soyoil, analyst Wayne Palmer of Exceed Grain stressed that the days of higher prices have very likely passed. “Farmers are tremendously undersold. This latest sell off took them totally by surprise,” he said. After August soyoil made some gains over the last week, it […] Read more

File photo of a rapeseed field in southern China’s Yunnan province. (YuenWu/iStock/Getty Images)

Crops, Markets

USDA attaché alters call on China’s ending stocks

By GFM Network News July 9, 2022

MarketsFarm — Ahead of the July world supply and demand estimates from the U.S. Department of Agriculture (USDA), due out Tuesday, the department’s attaché in Beijing put forth its forecast changes. The attaché lowered ending stocks for China’s new-crop soybeans and rapeseed, while it increased the carryover for new-crop corn and wheat, in reports released […] Read more

CME August 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)

Livestock, Markets, Reuters

U.S. livestock: CME cattle, hogs advance in turnaround from losses

Live hog futures in China drop sharply

By Tom Polansek, GFM Network News July 6, 2022

Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures closed stronger on Wednesday as the livestock markets recovered from losses in the previous session that were linked to fears of a global economic recession, traders said. Wall Street also finished higher, after broad declines in equities and commodities on Tuesday spilled over into […] Read more

File photo of pigs on a farm in Germany. (FooTToo/iStock/Getty Images)

Hogs, Livestock, Markets, Reuters

Swine fever outbreak in Germany’s top pork state poses lasting threat

Risk seen for spread to neighbours Netherlands, France

By GFM Network News July 5, 2022

Hamburg | Reuters — The spread of African swine fever to Germany’s most important pig rearing region has dealt a serious blow to the sector with major markets such as China likely to maintain import bans for years to come, analysts said on Monday. The outbreak on a farm in Emsland, Lower Saxony is the […] Read more

U.S. grains: Soy futures set six-week low as China buys Argentine cargoes, snubs U.S.

U.S. livestock: Hogs rally ahead of USDA report

Canadian Barley Research Coalition pledges $1.8 million to USask Crop Development Centre

GFM Network News