Insights and Stories on Phase One

Jan. 22, 2020 at 7:35 pm CST

MarketsFarm — When it comes to improving global trade relations, a rising tide may not lift all boats. In the recently-signed Phase One trade deal between the U.S. and China, Beijing pledged to significantly increase Chinese purchases of U.S. soybeans and other agriculture goods. “Where does that leave room for […]

By Marlo Glass – MarketsFarm

Jan. 22, 2020 at 6:53 pm CST

MarketsFarm — Corn futures on the Chicago Board of Trade may be due for a rally. The March corn contract hit $3.92 per bushel three times earlier in the month, facing stiff resistance to break higher (all figures US$). Prices established lows last week, around $3.7525. “I would like to […]

By Marlo Glass – MarketsFarm

Jan. 17, 2020 at 4:34 pm CST

Chicago | Reuters — U.S. corn futures jumped 3.7 per cent on Friday, more than recovering from the prior day’s 3.1 per cent drop, buoyed by a mix of short-covering and expectations of increased export demand for U.S. supplies, traders and analysts said. Wheat and soybeans followed the firm trend. […]

By Julie Ingwersen

Jan. 16, 2020 at 1:03 pm CST

Beijing | Reuters — China’s other suppliers of agricultural commodities will not be impacted by the Sino-U.S. trade deal since buying will be based on market principles, Vice-Premier Liu He said, according to a report from state-owned CCTV on Thursday. Liu was speaking on Wednesday at a press briefing after […]

By Hallie Gu, Shivani Singh

Jan. 16, 2020 at 12:14 am CST

MarketsFarm — Though China and the United States signed their Phase One trade deal on Wednesday, commodity markets remained “extremely cautious,” according to one analyst. Prices were muted at midday following a signing ceremony at the White House, due to the lack of public details regarding the deal. The market […]

By Marlo Glass – MarketsFarm