Latest news with #HightowerReport
Yahoo
06-08-2025
- Business
- Yahoo
Chicago Wheat Hovers Near Five-Year Low as Harvesting Increases
(Bloomberg) -- The most actively traded wheat futures in Chicago were hovering around their lowest level in five years, as harvests in major producers from Ukraine to European Union get underway. Mayor Asked to Explain $1.4 Billion of Wasted Johannesburg Funds All Hail the Humble Speed Hump PATH Train Service Resumes After Fire at Jersey City Station Istanbul Policies Stalled as City Leaders Remain in Jail What England's New National Cycling Network Needs to Get Rolling The new crops are set to enter the market as global demand remains sluggish, lending further pressure on prices of the grain used to make noodles and bread. Wheat demand remains poor and with futures prices falling steadily over the past 10 days, there is no urgency for buyers to quickly step back in, according to the Hightower Report. Meanwhile, the US winter wheat harvest is in the final 15% but hard red spring crops are just starting, while Ukraine, Russia and the EU are all harvesting, the report said. It's tough for wheat prices to rally in the face of increasing supplies, it added. In other markets, corn slipped for a fourth day while soybeans edged up slightly. Russia's Secret War and the Plot to Kill a German CEO AI Flight Pricing Can Push Travelers to the Limit of Their Ability to Pay Government Steps Up Campaign Against Business School Diversity What Happens to AI Startups When Their Founders Jump Ship for Big Tech The GOP Is Choosing Pesticides Over the MAHA Moms ©2025 Bloomberg L.P. Error al recuperar los datos Inicia sesión para acceder a tu cartera de valores Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos Error al recuperar los datos
Business Recorder
09-05-2025
- Business
- Business Recorder
Soybeans up ahead of US-China talks, corn slips on good weather
CHICAGO: Chicago soybean futures crept higher on Thursday as higher soyoil futures and hopes that upcoming US-China trade talks in Switzerland could reduce trade tensions that have disrupted US grain and oilseeds exports, analysts said. Wheat and corn futures slipped as good planting weather and growing conditions in the US pressured prices. Chicago Board of Trade most-active soybeans rose 2-3/4 cents to $10.42-1/2 a bushel as of 1550 GMT. CBOT wheat fell 8-1/4 cents to $5.26 a bushel. Corn fell 6-1/2 cents to $4.42-3/4 a bushel, its lowest point since March 28. Market players have been hesitant to make big moves ahead of the trade talks this weekend, which could calm the trade war that has effectively halted US soybean and grain exports to China. 'We've been straight sideways for a couple of weeks, so we're just waiting to see if there's any progress on trade talks,' Randy Place, analyst at Hightower Report, said. The United States and Britain are expected to announce a trade deal to lower import tariffs on Thursday, the first such agreement since US President Donald Trump imposed tariffs on products from a series of countries, in turn sparking retaliation, damaging US soybean and grain exports. In corn, ideal US weather and hopes for a thawing US-China trade relationship have overridden bullishness from brisk export demand, analysts said. Dry weather in the US corn belt has allowed farmers to rapidly plant what is expected to be a large corn crop, and rainy forecasts for the coming weeks should allow for ideal growing conditions, analysts said. Rains over the US Plains are expected to boost wheat yields and have pressured Chicago wheat futures.
