Tag archives: PM

Dalian Corn Futures Drop to Lowest Level Since March

Corn futures in Dalian fell to the lowest intraday level in almost two months amid speculation over the possibility of more import quotas and as the market awaits a delayed auction from state reserves. China is likely to utilize its entire low-tariff corn import quota of 7.2 million tons this year due to attractive import …

Continue reading “Dalian Corn Futures Drop to Lowest Level Since March”

Soybeans Advance on Brightening Prospects for Demand in China

Soybean futures climbed as life gradually returns to normal in China with more people dining out and more schools reopening, a trend set to increase demand for everything from meat to cooking oil in the top consumer. Soybean meal futures in Dalian headed for their best daily gain since March. Restarting schools and restaurants is …

Continue reading “Soybeans Advance on Brightening Prospects for Demand in China”

Wheat Set for Worst Week in a Month on Record Stockpile Outlook

Wheat futures headed for their biggest weekly loss in a month on prospects for record global stockpiles, though prices held just above $5 a bushel on Friday with some areas still dry and on demand from importers. The July rice contract rose for a ninth day on tightness in U.S. old crop supplies. Soybeans advanced …

Continue reading “Wheat Set for Worst Week in a Month on Record Stockpile Outlook”

China likely to speed up buying of U.S. farm goods – COFCO exec

* China will implement phase 1 trade deal with U.S. – COFCO exec * China needs to use huge soybean stocks from May-Sept -COFCO exec * Bad soybean crush margins to remain – COFCO exec * China’s soybean imports in 2019/20 seen at 87.50 mln T -exec * U.S. imports to be 13.70 mln T …

Continue reading “China likely to speed up buying of U.S. farm goods – COFCO exec”

Wheat Heads for Worst Run Since January as Crop Futures Decline

Wheat futures in Chicago tumbled for a fifth day in the longest losing streak since January, dropping below $5 a bushel to the lowest in two months, on prospects for ample global supplies. Soybeans retreated for a third day, while corn eased as tensions between the U.S. and China over the coronavirus pandemic rekindled concerns …

Continue reading “Wheat Heads for Worst Run Since January as Crop Futures Decline”

USDA – 2020/21 OUTLOOK SOYBEANS

2020/21 OUTLOOK SOYBEANS Global soybean production in 2020/21 is forecast to surge to 362.8 million tons, up 8 percent from the 2019/20 estimate and 2.5 million tons above the 2018/19 record. Two factors are driving this increase: a rebound in plantings and yield in the United States and record area forecast in Brazil. Combined, Brazil …

Continue reading “USDA – 2020/21 OUTLOOK SOYBEANS”