Chicago corn and soybean futures fell on Tuesday following U.S. President-elect Donald Trump's threat of tariffs against major trading partners, while forecasts for strong South American crops also pressured prices, traders said.
Exporters have shipped soybeans from the busiest U.S. grains port at the fastest rate in nearly four years after rain raised water levels in the Mississippi River, government data showed.
Chicago wheat futures fell on Monday as ample supplies pressured prices, with worry receding that an intensified conflict between Russia and Ukraine could threaten Black Sea export shipments.
Chicago | Reuters – Chicago wheat futures eased on Friday on profit-taking and dollar strength, according to analysts, while soybeans gained in technical rebound from three days of declines. Corn followed wheat lower. The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1settled down 4-3/4 cents at $5.64-3/4 per bushel, but rose about […] Read more
Chicago corn futures weakened on Thursday and soybeans struck fresh contract lows as Brazil and China came together for significant agricultural trade deals and weather in South America remained beneficial for both crops, analysts said.
The International Grains Council (IGC) said on Thursday it has trimmed its forecast for 2024/25 global wheat production driven partly by a diminished outlook for the European Union.
U.S. soybean futures hit a two-week low on Wednesday and soyoil futures fell more than three per cent on expectations for plentiful South American soy harvests this year along with uncertainty about demand for soy-based biodiesel fuel, analysts said.
As the likelihood of tariffs loom over United States soybean, corn and wheat exports, that trio of commodities has been facing their share of pros and cons, said analyst Tom Lilja of Progressive Ag in Fargo, N.D.
China's soybean imports from the U.S. more than doubled in October from a year earlier, marking a seventh month of growth, as buyers accelerated shipments fearing a rise in trade tensions if Donald Trump were to return to the White House.
Corteva expects low-single-digit percentage net sales growth through 2027, the U.S. agrichemicals firm said on Tuesday, banking on its exclusive seeds and crop chemical products.