Insights and Stories of Karl Plume

Jun. 22, 2020 at 5:54 pm CDT

Chicago | Reuters — U.S. lean hog futures retreated on Monday, with actively traded nearby contracts sinking more than three per cent and hitting life-of-contract lows amid worries about pork exports to China, which has stepped up oversight of imported goods due to COVID-19. China’s customs authority said on Sunday […]

By Karl Plume

Jun. 22, 2020 at 4:32 pm CDT

Chicago | Reuters — U.S. corn futures declined for the first time in four sessions on Monday as warm weather and scattered rains across a large swath of the Midwest farm belt bolstered development of the recently planted crop. Soybeans were mostly lower as favourable U.S. weather outweighed support from […]

By Karl Plume

Jun. 1, 2020 at 3:40 pm CDT

Updated, June 1 — Chicago/Beijing/Singapore | Reuters — State-owned Chinese firms bought at least three cargoes of U.S. soybeans on Monday, even as sources in China said the government had told them to halt purchases after Washington said it would eliminate special treatment for Hong Kong to punish Beijing. The […]

By Hallie Gu, Karl Plume, Keith Zhai

May. 29, 2020 at 7:50 pm CDT

Chicago | Reuters — U.S. live cattle futures retreated on Friday in a profit-taking and technical selling setback ahead of the weekend amid weakening beef prices and concerns about lower-than-normal summer demand as much of the economy remains partially closed. Lean hog futures clawed back earlier losses to end mostly […]

By Karl Plume

May. 28, 2020 at 5:17 pm CDT

Chicago | Reuters — U.S. lean hog futures dropped by as much as the daily trading limit on Thursday on worries that rising tensions between Washington and Beijing could limit U.S. pork purchases by China, the world’s largest pork consumer. Sino-U.S. relations have worsened as the White House has threatened […]

By Karl Plume