Japan increases U.S. rice orders under trade framework

The CEO of USA Rice says Japan has been buying more U.S. rice lately. Peter Bachmann tells Brownfield “in prior years, they would buy one or two cargoes of rice and now they’re buying two or three cargoes of rice minimum, if not four per tender, which I think is significant for us.” Over the…Continue Reading

Strong soybean futures prompt some farmer selling

A farmer in eastern South Dakota says he’s going to sell some soybeans now that soybean prices have improved. Doug Noem tells Brownfield… “I think we’re gonna start doing some 10 to 15% increment sales here this week, and put some orders in a little bit higher than that. These numbers weren’t in our budget…Continue Reading

Feeder cattle futures continue to slide

At the Chicago Mercantile Exchange, live cattle were mixed ahead of widespread direct business, and feeders were lower on another round of technical liquidation. December live cattle closed $.60 lower at $226.57 and February live cattle closed $.10 higher at $224.10.  November feeder cattle closed $5.05 lower at $333.40 and January feeder cattle closed $9.55…Continue Reading

Soybean prices climb on U.S.-China deal hopes

The chief commodities economist with Stone X Group says the details of any trade framework between the U.S. and China remain unclear ahead of this week’s meeting. But Arlan Suderman tells Brownfield “If we make it to Thursday, I would anticipate we’ll probably have a deal. Usually world leaders don’t want to meet unless they…Continue Reading

Soybeans hit one-year highs on China trade hopes

Soybeans were higher on commercial and technical buying, with the most active months hitting more than one-year highs. Beans have another round of support tied to the trade deal framework with China, but some contracts did run into resistance, pulling them down from the day’s highs. Technically, soybeans might be a little overbought, especially without…Continue Reading

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