December 5, 2024 | 14:33 GMT +7

  • Click to copy
Thursday- 14:55, 07/11/2024

Grain and livestock markets react to election results

(VAN) Kevin Duling with KD Investors says grains started off lower with soybeans seeing double digit gains on the possibility of increased tariffs and a trade war with China, then bounced off the lows.
Grains start lower in reaction to the election but quickly come off lows and corn even finds some buying. Livestock are mixed.

Grains start lower in reaction to the election but quickly come off lows and corn even finds some buying. Livestock are mixed.

Grains start lower in reaction to the election but quickly come off lows and corn even finds some buying. Livestock are mixed.

Kevin Duling with KD Investors says he wasn’t surprised to see the lower trade in soybeans with the market fear of increased tariffs and a possibe trade war with China under the Trump Administration.

Trump has also threatened tariffs on Mexico is their president doesn’t help with the border and immigration crisis.

Duling says he is impressed at how well the grain market is handling the possible trade disruptions but thinks it may be because this could bring a huge flush of export business to the U.S. before January 20.

The stock market is also soaring, crude oil is lower and the dollar sharply higher in reaction to the election which isn’t all positive for the ag markets.

It may also be resulting in money flowing out of the ag markets, into the equity sector.

One exception is the cattle futures are rallying along with the stock market.

Duling says it will be interesting to see what all of these means for the Fed decision on Thursday.

Meanwhile, the market is also gearing up for the WASDE on Friday with trade estimates showing slightly lower yields, production and ending stocks.

H.D

agweb

Germany can't quit chocolate, despite record-high prices

Germany can't quit chocolate, despite record-high prices

(VAN) Seasonal demand for chocolate in Germany has barely decreased in spite of skyrocketing prices. The cost of raw materials such as like cocoa beans has jumped 50%.

Grain market review: Coarse grains

Grain market review: Coarse grains

(VAN) The US Grains Council in its Nov. 21 Market Perspectives report pointed to launches by Ukraine of Western-made long-range missiles at targets in Russia, which triggered a rally in CBOT maize.

Expanding linkage, gradually participating in cross-border e-commerce

Expanding linkage, gradually participating in cross-border e-commerce

(VAN) This sales channel is assessed by Deputy Minister Tran Thanh Nam as having a lot of potential and being able to help Vietnamese agricultural products reach the Northern market of China.

'Capital of small commodities' of China wishes to import Vietnamese agricultural products

'Capital of small commodities' of China wishes to import Vietnamese agricultural products

(VAN) Yiwu is considered the world's 'capital of small commodities' and wishes to cooperate with Vietnam, contributing to the economic development of both countries.

The Chinese city imports nearly half a million tons of Vietnamese durian

The Chinese city imports nearly half a million tons of Vietnamese durian

(VAN) Durian accounts for the majority of more than 700,000 tons of Vietnamese agricultural products imported into China through Chongzuo city, Guangxi.

Goods transshipment area in Lang Son to operate from the first quarter of 2025

Goods transshipment area in Lang Son to operate from the first quarter of 2025

(VAN) Phase 1 of the Goods Transshipment Area Project in the Dong Dang-Lang Son Border Gate Economic Zone in the Cao Loc district has been completed with an area of 58 hectares.

Banks behind troubled Brazil coffee traders could take $181 million hit

Banks behind troubled Brazil coffee traders could take $181 million hit

(VAN) Banks which financed two Brazilian coffee traders that last week sought court-supervised debt restructuring have a total of 1.1 billion reais ($181.6 million) in credit with the firms, court documents seen by Reuters.

Read more