FORT COLLINS, Colo. U.S. grain and oilseed producers cheered when the United States signed the Phase 1 trade deal with China a year ago, as it suggested one of their most crucial customers would be back in the American market in a bigger way than ever before.
FORT COLLINS, Colo. China within the last year has bought historic volumes of U.S. corn and soybeans at prices significantly lower than those today, conjuring up memories of an American trade fiasco involving the Soviet Union a half-century ago.
FORT COLLINS, Colo. There is no doubt that new-crop Chicago corn and soybean futures have risen to profitable levels for U.S. farmers in 2021, and that should support strong plantings in the spring. But the dwindling domestic stockpiles magnify the impending acreage showdown even further.
FORT COLLINS, Colo. Anyone looking for fireworks following the U.S. Department of Agriculture’s Tuesday forecasts was not at all disappointed, but for most market participants, the recent trend in some of the numbers might be downright unsettling.
FORT COLLINS, Colo. Chicago-traded corn and soybeans ended 2020 with a bang and the fireworks have continued into 2021. The unprecedented rally has many traders and analysts cautiously anticipating where prices will head next, and rewinding the clock by a decade might reveal some possibilities.
FORT COLLINS, Colo. Chicago-traded corn futures have recently been on an unprecedented run partially due to supply concerns in South America, and speculators and other traders have further inflated their already very bullish bets in the process.
FORT COLLINS, Colo. Chicago-traded grain and oilseed futures continued rising last week, and while speculators were buyers of soybeans, soy products and wheat during the period, they trimmed bullishness in corn for the third consecutive week.
FORT COLLINS, Colo. China in recent years has been notoriously absent from global corn trade, particularly when compared with its consumption rates, in its efforts to bolster food security and maintain self-sufficiency.
FORT COLLINS, Colo. Chicago soybean futures have rallied more than 30% since the start of August and are set to finish the year on the strongest note since 2013, though U.S. farmers in the spring could initiate a price reset similar to 2014 with a boost in plantings.
FORT COLLINS, Colo. Speculators’ optimistic views of Chicago-traded corn and soybeans remain at historically high levels despite continued light selling last week, and although the wheat bulls had recently gone dormant, they have likely burst back onto the scene over Russian supply concerns.