Argentina's world-famous ranchers are culling their breeding cows at the highest rate in 30 years and tapping Chinese demand for meat in order to help pay their bills as access to credit has dried up for farmers in South American's No. 2 economy.
ranchers are culling their breeding cows at the highest rate in
30 years and tapping Chinese demand for meat in order to help
pay their bills as access to credit has dried up for farmers in
South American's No. 2 economy.
China on Tuesday rebuffed a
suggestion from U.S. President Donald Trump that Beijing needs a
trade deal with the United States because its economy is
slowing, saying this was "totally misleading" and that both
countries wanted an agreement.
Germany's wheat harvest is set
to rise sharply from the drought-damaged crop in 2018 but a
heatwave in recent weeks means crop forecasts have been scaled
back, Germany's association of farm cooperatives (DRV) said on
China's Foreign Ministry said
on Tuesday that it was misleading to suggest Beijing needed a
trade deal with the United States because its economy was
slowing, following a tweet by U.S. President Donald Trump.
Malaysia kept its export duty on crude palm oil for August unchanged at zero percent, according to a circular on the Malaysian Palm Oil Board's website on Tuesday, citing the national customs department.
A federal judge on Monday slashed a damages award Bayer AG owed a California man who blamed Roundup weed killer for his cancer, to $25.27 million from $80.27 million, while rejecting the company's bid for a new trial.
U.S. corn futures fell 1% on
Tuesday after the U.S. Department of Agriculture said the
condition of North American crops was better than expected,
easing fears that production will fall short of official
* The most active corn futures on the Chicago Board Of Trade
were down 0.9% at $4.43 a bushel by 0043 GMT, having
closed down 2.7% in the previous session. Prices hit a five-year
high of $4.64-3/4 a bushel on Monday on concerns about hot, dry
weather, but turned lower on forecasts for rain.
* The most active soybean futures were down 0.6% at
$9.14-1/2 a bushel, having closed down 1.2% on Tuesday.
* The most active wheat futures were down 0.6% at
$5.04-1/2 a bushel, having closed down 2.9% on Monday.
* The USDA said in a weekly report that 58% of the corn crop
is good-to-excellent, ahead of market expectations of 56%.
* It said 76% of the U.S. wheat crop is in good-to-excellent
condition, down 2 percentage points and behind market
* The USDA report said 54% of the U.S. soybean crops are in
good-to-excellent condition, slightly ahead of market forecasts.
* The dollar edged higher on Monday in thin summer trading,
with its potential upside limited by expectations the Federal
Reserve will cut interest rates at next week's policy meeting.
* Oil prices sank about 1% on Monday on signs that the
impact of a tropical storm on U.S. Gulf Coast production and
refining would be short-lived, while Chinese economic data
dimmed the crude demand outlook.
* The benchmark S&P 500 index ended little changed on Monday
after oscillating between positive and negative territory
throughout the session after Citigroup Inc kicked off the
earnings season with a mixed quarterly report.
Grains prices at 0043 GMT
Contract Last Change Pct chg Two-day chg MA 30 RSI
CBOT wheat 504.50 -3.25 -0.64% -3.54% 522.31 39
CBOT corn 443.00 -4.00 -0.89% -3.54% 442.57 50
CBOT soy 914.50 -5.50 -0.60% -1.83% 911.48 54
CBOT rice 11.84 -$0.04 -0.38% -0.55% $11.77 73
WTI crude 59.45 -$0.13 -0.22% -1.26% $56.21 60
Euro/dlr $1.126 $0.000 +0.04% -0.07%
USD/AUD 0.7041 0.000 +0.03% +0.34%
Most active contracts
Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight
RSI 14, exponential
(Reporting by Colin Packham; editing by Richard Pullin)
Democratic Representatives Alexandria Ocasio-Cortez and Ayanna Pressley, two of the four left-wing lawmakers known as "the squad" in Congress who recently came under attack by President Donald Trump via Twitter, said his tweets were a mere distraction tactic. Rough Cut (no reporter narration).
President Donald Trump doubled down on his attacks against four minority U.S. congresswomen on Monday and dismissed concerns that his comments were racist, prompting outrage from Democrats, who moved to condemn him in the House of Representatives.