Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Commodities»Soybeans, corn set for weekly losses on trade war disruptions
    Commodities

    Soybeans, corn set for weekly losses on trade war disruptions

    March 13, 20252 Mins Read


     SINGAPORE: Chicago soybean and corn futures inched lower on Friday, with both commodities on track for weekly losses, as concerns over trade conflicts disrupting trade flows and abundant South American supplies weighed on prices.

    Wheat eased, but the market is set for a weekly gain amid expectations of lower exports from Russia.

    “The supply side for soybeans in pretty bearish,” said one grains trader in Singapore. “We have big crops in South America and the trade war is going to hit demand for U.S. agriculture if tariffs remain in place.”

    The most-active soybean contract on the Chicago Board of Trade (CBOT) slid 0.2% at $10.08-1/2 a bushel, as of 0240 GMT, and corn gave up nearly 1% to $4.60-3/4 a bushel.

    Wheat shed 0.3% to $5.60-3/4 a bushel.

    Grain markets faced pressure this week following the implementation of revised U.S. tariffs on all steel and aluminum imports, which prompted the European Union and Canada to announce retaliatory duties on a range of U.S. goods.

    The EU package, which could see the bloc reintroduce a 25% duty on U.S. corn and potentially add a tariff on U.S. soybeans, added to concerns about disruption to U.S. exports caused by U.S. President Donald Trump’s tariff offensive.

    For the week, soybeans and corn have lost close to 2%, while wheat has gained 1.8%.

    There is likely to be support for soybeans and corn markets, given the lower estimates for output in key supplier Argentina.

    Argentina’s 2024/25 soybean crop is now estimated at 46.5 million metric tons, down from the 47.5 million tons previously expected, according to a forecast from the Rosario Grains Exchange on Wednesday.

    The exchange also lowered its outlook for the 2024/25 corn harvest to 44.5 million tons, from a prior 46 million tons.

    Russia’s IKAR consultancy said on Thursday that it had cut its baseline 2024/25 wheat export forecast to around 41 million tons from 42.5 million tons.

    Commodity funds were net buyers of CBOT corn, wheat, soymeal and soybean futures contracts on Thursday, traders said. Funds were net sellers of soyoil futures, traders said. (Reporting by Naveen Thukral; Editing by Sherry Jacob-Phillips and Sonia Cheema)

     



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Permits were expedited for this California clean energy project. Were residents sidelined?

    Commodities

    Farmers warn of crisis as poll shows 80% fear for survival and none back Labour

    Commodities

    FLEX Commodities Hires Senior Trader in Greece

    Commodities

    Dubai’s DP World and ITOCHU partner to help Japanese businesses access Africa

    Commodities

    Metal Gear Solid Delta Snake Eater: What’s inside the Deluxe edition? | Esports News

    Commodities

    Metal Gear Solid Delta Snake Eater release date and timings for all regions | Esports News

    Commodities
    Leave A Reply Cancel Reply

    Top Picks
    Stock Market

    Global equities that should weather the stockmarket’s storms

    Investments

    BFM Bourse : 17h/18h – 04/07

    Cryptocurrency

    Crypto in emerging markets: The role of digital currency in boosting financial inclusion

    Editors Picks

    Starbucks Suspends Guidance as Sales Slump Persists — Commodities Roundup

    October 23, 2024

    Transcript : Pro Real Estate Investment Trust, Q1 2025 Earnings Call, May 15, 2025

    May 15, 2025

    Urbint raises $35M to boost storm response tech for utilities facing relentless hurricane season

    October 25, 2024

    Montage Gold Finalise la Deuxième Tranche de son Investissement dans African Gold, Cotée en Australie

    June 13, 2025
    What's Hot

    Cryptocurrency as a Payment Method: 2025 Market Trends and Insights 

    May 12, 2025

    Comment la fintech Defacto va financer les 1,8M pour les PME de la défense ? – Financement de la trésorerie > Trésorerie

    March 27, 2025

    Best Cryptocurrency to Invest in 2025, Mutuum Finance (MUTM) The Next Crypto Project to Explode Past $2

    August 18, 2025
    Our Picks

    China’s bond market intervention reveals financial stability worries – NBC 6 South Florida

    August 15, 2024

    Goodman Property Trust annonce un accord pour la création d’un fonds immobilier

    May 28, 2025

    Become a landlord? You’re better off putting your money in the bank

    July 27, 2024
    Weekly Top

    Kiwi raises $24 Mn in series B funding led by Vertex Ventures

    August 25, 2025

    Star Copper Phase 2 Drill Preparation Uncovers Significant Mineralization at Surface

    August 25, 2025

    Holo closes $22mln funding round to scale regional fintech

    August 25, 2025
    Editor's Pick

    GP de Silverstone – Quartararo souligne les améliorations sur sa moto

    May 24, 2025

    3 Dividend Stocks On SIX Swiss Exchange Yielding Up To 4.5%

    October 21, 2024

    Thieves target copper wiring in Philly street lights, leaving neighborhoods in darkness

    August 20, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.