Latest news with #Episode3
Business Recorder
16-05-2025
- Business
- Business Recorder
Chicago soybeans set for first weekly gain in three on demand prospects
BEIJING: Chicago soybean futures are set for a weekly gain on Friday after two straight weeks of decline, as a China-US tariff pause sparked hopes for increased Chinese demand, although uncertainty over the shape of a final trade deal lingered. Soybean contract rose 0.24% to $10.54 a bushel, as of 0336 GMT on Friday. Prices are up 0.14% for the week. Prices had been under pressure following a sharp drop in soyoil during the previous session caused by concerns over US biofuel targets and lower crude oil prices. Soybeans rebounded after the US Environmental Protection Agency (EPA) sent its proposal to the White House for review on future biofuel blending mandates starting in 2026. 'There are expectations that this will be positive for soy, as a way to assist producers impacted by Trump tariffs,' said Andrew Whitelaw, agricultural consultant at Episode 3. Wheat is set for its first weekly gain in four weeks, as low prices continue to attract buying interest. US export sales of wheat for the week ended May 8 totalled 804,800 metric tons, at the higher end of analyst expectations, according to the US Department of Agriculture. Chicago soybeans drop from 10-month highs Saudi Arabia issued a tender to buy 655,000 metric tons of wheat for August-October shipment period, the General Food Security Authority said on Thursday. Corn gained 0.28% to $4.49-6/8 a bushel and is on track for a weekly gain after declining for three, supported by robust demand and favourable weather. Weekly export sales of corn totalled 2,186,100 metric tons for the week ended May 8, above a range of analysts' expectations, according to USDA. Meanwhile, Brazil's second-corn farmers are poised to increase production by 11% this year to an estimated 99.8 million metric tons, national crop agency Conab said on Thursday, citing good weather in key growing regions. Commodity funds were net sellers of Chicago Board of Trade soybean, soyoil, soymeal and corn futures contracts on Thursday, traders said. They were net buyers of wheat futures, traders said.
Business Recorder
09-05-2025
- Business
- Business Recorder
Chicago soy, corn and wheat higher with trade talks, weather in focus
BEIJING/PARIS: Chicago soybean, corn and wheat futures edged higher on Friday as looming U.S.-China talks raised hopes of an easing in trade tensions. A lower dollar and brisk weekly U.S. exports also helped corn recover from a six-week low on Thursday, while concern about adverse weather in China was lending support to wheat, traders said. Gains remained capped by favourable crop conditions in the United States. There was also caution over the outcome of Saturday's meeting between senior U.S. and Chinese officials and ahead of a widely tracked U.S. Department of Agriculture report on Monday. The most-active soybean contract on the Chicago Board of Trade was up 0.4% at $10.49 a bushel by 1109 GMT. 'The market will be looking to U.S.-China relations after the UK-U.S. trade agreement. Can the two nations find a solution to get their trade ties back on track?' said Andrew Whitelaw of agricultural consultants Episode 3. EU wheat claws back some losses after sliding to contract lows The soybean market has been particularly sensitive to the tariff stand-off between China, the world's biggest soybean importer, and the United States, the world's second-largest exporter of the oilseed. In South America, Argentina's Buenos Aires Grains Exchange raised its 2024–25 soybean harvest forecast to 50 million metric tons from 48.6 million on Thursday, citing improved yields. CBOT corn rose 1.2% to $4.53 a bushel, while CBOT wheat added 0.6% to $5.32-1/2 a bushel to recover from a one-week low on Thursday. After being pressured by improving U.S. crop conditions and forecast rain in the Black Sea export region, the wheat market has found support in drought concerns in China. On Tuesday, China's Henan province, known as the country's wheat granary, issued a drought warning, as hot, dry winds threatened crops. 'People are monitoring the weather in China. If they have a crop problem they are going to have to come back into the market for imports,' a European trader said. Traders were also positioning ahead of the USDA's world crop report on Monday that will include its first supply and demand balance sheets for 2025–26.
Zawya
09-05-2025
- Business
- Zawya
Chicago soy, corn and wheat higher with trade talks, weather in focus
BEIJING/PARIS: Chicago soybean, corn and wheat futures edged higher on Friday as looming U.S.-China talks raised hopes of an easing in trade tensions. A lower dollar and brisk weekly U.S. exports also helped corn recover from a six-week low on Thursday, while concern about adverse weather in China was lending support to wheat, traders said. Gains remained capped by favourable crop conditions in the United States. There was also caution over the outcome of Saturday's meeting between senior U.S. and Chinese officials and ahead of a widely tracked U.S. Department of Agriculture report on Monday. The most-active soybean contract on the Chicago Board of Trade was up 0.4% at $10.49 a bushel by 1109 GMT. "The market will be looking to U.S.-China relations after the UK-U.S. trade agreement. Can the two nations find a solution to get their trade ties back on track?" said Andrew Whitelaw of agricultural consultants Episode 3. The soybean market has been particularly sensitive to the tariff stand-off between China, the world's biggest soybean importer, and the United States, the world's second-largest exporter of the oilseed. In South America, Argentina's Buenos Aires Grains Exchange raised its 2024–25 soybean harvest forecast to 50 million metric tons from 48.6 million on Thursday, citing improved yields. CBOT corn rose 1.2% to $4.53 a bushel, while CBOT wheat added 0.6% to $5.32-1/2 a bushel to recover from a one-week low on Thursday. After being pressured by improving U.S. crop conditions and forecast rain in the Black Sea export region, the wheat market has found support in drought concerns in China. On Tuesday, China's Henan province, known as the country's wheat granary, issued a drought warning, as hot, dry winds threatened crops. "People are monitoring the weather in China. If they have a crop problem they are going to have to come back into the market for imports," a European trader said. Traders were also positioning ahead of the USDA's world crop report on Monday that will include its first supply and demand balance sheets for 2025–26. Prices at 1109 GMT Last Change Pct Move CBOT wheat 532.50 3.25 0.61 CBOT corn 453.00 5.50 1.23 CBOT soy 1049.00 4.00 0.38 Paris wheat 205.00 2.50 1.23 Paris maize 193.50 1.75 0.91 Paris rapeseed 472.25 0.00 0.00 WTI crude oil 61.17 1.26 2.10 Euro/dlr 1.13 0.00 0.20 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per metric ton
Business Recorder
09-05-2025
- Business
- Business Recorder
Chicago soybeans dip on rising competition; wheat rises on China dry weather
BEIJING: Chicago soybean futures eased on Friday due to weak demand and rising global competition from Latin American countries, amid caution ahead of the looming US-China talks this weekend and a US Department of Agriculture (USDA) report next week. The most-active CBOT soybean contract fell 0.07% to $10.44 a bushel as of 0222 GMT and was set for the second straight week of losses. Caution prevailed ahead of the US-China trade talks in Switzerland this weekend, as investors hoped for the easing of tensions that have hurt US soybean and grain exports. 'The market will be looking to US-China relations after the UK-US trade agreement. Can the two nations find a solution to get their trade ties back on track?' said Andrew Whitelaw of agricultural consultants Episode 3. Adding to the bearish sentiment, Argentina's Buenos Aires Grains Exchange raised its 2024–25 soybean harvest forecast to 50 million metric tons from 48.6 million on Thursday, citing improved yields. Wheat gained 0.19% to $5.30 a bushel, supported by drought concerns in China's major wheat-growing areas, which raised hopes for stronger import demand. However, the contract was poised for a third straight weekly decline, as favourable weather in the US, Ukraine, and Russia curbed gains. Forecasts of rain across parts of Ukraine and Russia should help ease crop concerns, Whitelaw said. On Tuesday, China's Henan province, often called the country's wheat granary, issued a drought warning, as hot, dry winds threatened crops. Henan accounts for roughly a third of China's wheat output, with harvest typically occurring from late May through mid-June. Pakistan makes large US soybean purchase as tensions with India rise Although China was the world's largest wheat importer in 2022 and 2023, its imports fell sharply last year. Corn rose 0.17% to $4.48-2/8 a bushel, but hovered near a six-week low. While strong export demand lent support, favourable US weather and hopes for improved US-China trade relations tempered optimism. Traders are positioning ahead of the USDA's report on Monday for the first supply and demand estimates for 2025–26.
Daily Mail
05-05-2025
- Entertainment
- Daily Mail
JD Vance sparks MAGA meltdown with hot take about Star Wars
Vice President JD Vance shocked the MAGA universe on Monday by posting an unconventional Star Wars take about George Lucas's prequel trilogy. 'The prequels were underrated,' Vance wrote in response to a post on X from MAGA influencer Jack Posobiec declaring the prequel trilogy suck. 'The prequels suck because they were poorly made by George Lucas who only had a small role in the original series,' Posobiec wrote. 'The sequels suck because they are abominations made by Disney committees and JJ Abrams simps.' George Lucas' prequel trilogy that began with Episode 1: The Phantom Menace remains contested by Star Wars fans who felt they fell short of the standard set by the original space trilogy. 'Is that what you will say when you are running for president in 2028?,' wrote Ed Krassenstein in response to Vance, suggesting it was a controversial take that could cost him votes. 'JD NO DELETE THIS, L TAKE,' wrote author Jon Del Arroz on X. 'I'm now reevaluating everything I thought about you, because of this L take,' wrote Stephen Albright on X. Others seemingly endorsed Vance's take. 'Based take by the future President of the US! Episode 3 is better than anything Disney has made by a long shot. It's right up there with the originals,' wrote Hank Rearden. 'The Star Wars Prequels are on the same level as the Lord of the Rings Trilogy and I'm tired of pretending they're not,' wrote author Joshua Lisec. 'Totally agree, JD! Prequels are a gem!,' wrote Jake Summers. Some indicated that the Star Wars sequels were so bad they made the prequels better by comparison. 'I mean, the sequels had basically George Lucas on my shoulder whispering 'miss me yet?'' wrote Mario Hachemer on X Prequels aged like wine thanks to the sequels,' wrote Shawn Farash Vance's Star Wars take extended the conversation from 'May the Fourth' themed content that was sparked on Sunday after the White House posted an AI generated image of Trump wielding an orange lightsaber. May the 4th has evolved over the years into Star Wars Day, as it sounds similar to the film characteristic greeting, 'May the force be with you.' 'Happy May the 4th to all, including the Radical Left Lunatics who are fighting so hard to to bring Sith Lords, Murderers, Drug Lords, Dangerous Prisoners, & well known MS-13 Gang Members, back into our Galaxy. You're not the Rebellion—you're the Empire,' the White House main social media account read. 'May the 4th be with you.' The White House post triggered a host of critics who thought the lightsaber was red, which would indicate that Trump was a member of the evil Sith lords. If Trump carries a red lightsaber, that means he's part of the Sith and is evil. Fitting!,' wrote Democratic influencer Harry Sisson in reaction to the image.
