Page 20 - Dan Basse News Today

3/15/2021 By Julie Ingwersen CHICAGO, March 15 (Reuters) - Expanded speculative position limits for agricultural futures scheduled to go into effect on Monday could eventually add to market volatility as commodity funds are allowed to build larger bets on market direction, analysts said. Futures exchange operator CME Group, parent of the Chicago Board of Trade, is expanding position limits in wheat, corn, soybeans and other commodities following a final rule published in January by the U.S. fut...

3/15/2021 By Julie Ingwersen CHICAGO, March 15 (Reuters) - Expanded speculative position limits for agricultural futures that took effect on Monday could eventually add to market volatility as commodity funds are allowed to build larger bets on market direction, analysts said. Futures exchange operator CME Group, parent of the Chicago Board of Trade (CBOT), is expanding position limits in wheat, corn, soybeans and other commodities following a final rule published in January by the U.S. futures...

(Recasts; updates prices, adds quotes, changes byline, changes dateline from previous PARIS/SINGAPORE)By Julie IngwersenCHICAGO, March 12 (Reuters) - U.S. wheat futures extended losses on Friday, touching a one-month low as rain and snow forecast for dry parts of the U.S. Plains improved production prospects, analysts said.Soybean futures were narrowly mixed, caught between surging soyoil futures amid tightening world vegetable oil supplies, and slowing demand for soymeal, a hog feed ingredient....

According to a report from Consequently, meat producers have had little choice but to raise their prices in order to stay profitable. In fact, the  United Nation s‘ (UN)  Food and Agriculture Organization (FAO) reported that global meat prices rose for the fourth month in a row in January. Experts worry that the effects of the high feed prices will likely spread across the globe over the next couple of months, showing up as higher price tags for beef, pork, and chicken. Bad weather, hig...

(New throughout, updates prices, market activity and comments to close, adds new highs in CBOT corn)By Julie IngwersenCHICAGO, Jan 29 (Reuters) - U.S. corn futures rose more than 2% on Friday and set a multi-year high after China booked its biggest purchase of U.S. corn to date, fueling expectations of tightening global supplies.Wheat futures also rose about 2%, chasing corn higher, and soybeans firmed as well.

1/29/2021 By Julie Ingwersen CHICAGO, Jan 29 (Reuters) - U.S. corn futures rose more than 2% on Friday, approaching a multi-year high, after China booked its biggest purchase of U.S. corn to date, fueling expectations of tightening global supplies. Wheat futures also rose about 2%, chasing corn higher, and soybeans firmed as well. As of 12:15 p.m. CST (1815 GMT), Chicago Board of Trade March corn was up 12 cents at $5.46-1/2 per bushel, nearing Thursdays top of $5.50-1/2, the highest price on a...

China’s appetite for U.S. soy is draining silos to the point that American processors may need to import the most beans in years this summer.

4 Min Read CHICAGO Jan 27 (Reuters) - U.S. soy processors, fresh off their busiest year on record, have booked soybean purchases well beyond their normal few weeks of supply due to soaring export demand, rising prices and fears of soy shortages later this season, traders and analysts said. The aggressive buying foreshadows an expected battle for beans between exporters and processors this spring and summer that will likely increase prices further and could result in rare imports to the United S...

1/27/2021 By Gus Trompiz and Sybille de La Hamaide PARIS, Jan 27 (Reuters) - Expected record Chinese imports of corn and soybeans in the coming seasons will continue to absorb U.S. supplies and keep prices on an upward trend, Chicago-based consultancy AgResource Co said on Wednesday. Chinese demand has fuelled a rally in grain markets in the past year and sparked a jump in U.S. corn futures on Tuesday as massive exports of U.S. corn and corn-based ethanol were reported. Chinas soybean impor...

Dan Basse says $6 corn and $15 soybeans will have a negative impact on margins for dairy and livestock farmers.