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U.S. grains: Wheat falls to multimonth lows as global prices sag

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tagged cash wheat cbot closing markets corn futures K.C. hard red winter Presidents Day soybean futures wheat futures
Chicago | Reuters -- U.S. wheat futures fell to multimonth lows on Friday, despite broad strength in commodity and equity markets as grain traders monitored bearish technical signals as well as falling prices in the global cash wheat market. Soybeans climbed on optimism about U.S. trade negotiations with China, the world's top soy importer, while corn futures were little changed. U.S. markets, including the Chicago Board of Trade (CBOT), will be closed on Monday in observance of…
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U.S. livestock: Lean hogs bounce on short-covering, technical buying

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tagged cattle futures closing markets CME feeder cattle hog futures lean hogs live cattle USDA
Chicago | Reuters -- U.S. lean hog futures ended higher for the first time in three sessions on Friday on short covering and technical buying ahead of the extended Presidents Day holiday weekend, traders and analysts said. Futures had been technically oversold after sinking to seven-month lows early this week under pressure from large hog and pork supplies and weak pork prices. U.S. hog supplies, which had been running ahead of U.S. Department of Agriculture (USDA) forecasts…
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Barley ‘price war’ seen sparked by China, Saudi demand drop

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tagged Australia barley barley prices China Europe exports Saudi Arabia Strategie Grains
Paris | Reuters -- A drop in demand from China and Saudi Arabia sent barley prices tumbling in recent weeks, despite low global supply, and price pressure may continue if harvest prospects for next season remain good, analysts at Strategie Grains said. The barley market rallied earlier in the 2018-19 season with weather-hit crops in Europe and Australia expected to contribute to a fall in global stocks, which the U.S. government sees hitting a 35-year low. However, competition…
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Brazil may raise farm subsidies despite belt-tightening

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tagged benefits Brazil farm insurance farm loans Guedes premiums subsidies
Brasilia | Reuters -- Brazil could double spending on subsidized farm insurance in 2020 and may expand subsidized loans, the country's agriculture policy secretary said on Thursday, even though the new government's economic team has pledged to cut spending. The negotiations on next year's farm subsidies highlight the powerful agribusiness lobby's struggle to preserve benefits at a time when Economy Minister Paulo Guedes is pushing for belt-tightening efforts including cutting…
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U.S. livestock: Lean hogs stumble on weak pork, trade unease

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tagged cattle futures China closing markets CME feeder cattle hog futures lean hogs live cattle pork prices tariff
Chicago | Reuters -- U.S. lean hog futures fell for a second straight day on Thursday as weak pork prices and nervousness about trade talks between the U.S. and China weighed on the market, traders and analysts said. Officials from both countries are meeting in Beijing this week to try to hammer out a deal to end a bruising seven-month trade tariff war that has sharply cut Chinese purchases of U.S. pork and other goods. The hog market had rallied earlier this week on hopes that a…
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Feed weekly outlook: Markets steady amid cold Alberta weather

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tagged alberta barley corn CorNine feed feed grain feed grains weather wheat winter
Excessively cold temperatures in Alberta may be causing headaches for both feed grain buyers and sellers, but prices remain relatively steady for what's moving. The cold weather hasn't really led to a significant increase in demand, but "it's definitely made the farmer grumpy," said Brandon Motz of CorNine Commodities in Lacombe, Alta. "In general, the feed grain markets remain relatively flat," he said, noting grain was still moving as adjustments were made for the weather. While a…
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U.S. grains: U.S. exports get no Valentine’s Day love

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tagged argentina cancellations cbot China closing markets corn futures soybean futures tariffs USDA wheat futures
Chicago | Reuters -- Chicago Board of Trade (CBOT) grains and soybean futures tumbled on Thursday on news that China and other buyers had canceled a flurry of U.S. soybean orders in early January and Argentina's soy crop could be larger than previously expected, traders said. The U.S. Department of Agriculture's (USDA) export sales report showed net cancellations of U.S. soybeans totaling 610,900 tonnes in the week ended Jan. 3, as the agency continues to clear a backlog caused by…
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ICE weekly outlook: Canola grinding lower

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tagged canola contracts canola futures China Errol Anderson ICE ICE Futures soybean futures soybeans tariffs
ICE Futures canola contracts held relatively steady during the week ended Wednesday, with a softer tone in old-crop contracts and strength in new-crop months. The general trend is likely pointed lower in the near future, with any developments in trade talks between the U.S. and China likely to provide some direction. "The market is awaiting a potential agreement before March 1," said Errol Anderson of ProMarket Communications in Calgary. The U.S. is set to impose increased tariffs on…
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U.S. grains: Wheat up, soy eases as China trade talks eyed

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tagged cbot China closing markets corn futures soybean futures tariffs trade talks wheat futures wheat sales
Chicago | Reuters -- U.S. wheat futures advanced on Wednesday for a fourth straight session as a pickup in export activity and firm cash markets spurred commodity fund buying, traders said. Corn was little changed and soybeans eased as traders waited to see if U.S.-China trade talks would show the two sides moving to end their dispute. Chicago Board of Trade March wheat settled up 2-1/4 cents at $5.22-1/4 per bushel after reaching $5.24, the contract's highest level since Feb. 7…
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U.S. livestock: Cattle sink on lower beef, slowing demand

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tagged beef cutout cattle futures China closing markets CME feeder cattle hog futures lean hogs live cattle tariffs
Chicago | Reuters -- U.S. live cattle futures declined for a second straight session on Wednesday as lower beef prices and seasonally slowing demand for the red meat triggered profit-taking and technical selling, traders and analysts said. Traders are awaiting the next wave of cattle sales at U.S. Plains feedlot markets, but cash market bids and offers remain far apart so active sales appear unlikely to occur until late in the week, they said. Futures climbed to multiweek highs…
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