By Glen Hallick
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Trust in the data from the United States Department of Agriculture is in doubt, Reuters said on Tuesday, hours ahead of the USDA’s next monthly supply and demand report. Questions regarding U.S. corn acre estimates have shaken the faith in the department’s reliability, with deep staff cuts ordered by the Trump administration seen as the culprit. Planted corn acres have steadily increased since the initial June estimate, from 95.2 million to 98.8 million in January. That led the USDA to begin an internal review as farmers, analysts and traders said they have lost confidence in the numbers.
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By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada…
- The Gordie Howe International Bridge, between Windsor and Detroit, is the latest target for U.S. President Donald Trump. On his Truth Social, Trump claimed Canada has not treated the U.S. fairly and he won’t allow the bridge to open, although Canada paid the entire C$6.4 billion cost. Trump said the U.S. should own at least half of the bridge. However, it’s owned by the Canadian and Michigan governments. Meanwhile, the private owners of Ambassador Bridge demanded compensation for any loss of collected tolls.
- Following a call to resign, United Kingdom Prime Minister Kier Starmer stated on Monday that he won’t quit. Earlier yesterday, Anas Sarwar, the leader of the Scottish Labour Party, demanded Starmer step down. The PM has been under intense criticism regarding Peter Mandelson, who was the U.K.’s ambassador to the U.S. Reports said Mandelson had close ties to Jeffery Epstein and allegedly provided him with sensitive government information. Starmer fired Mandelson in September.
- Japanese Prime Minister Sanae Takaichi led her Liberal Democrats to a supermajority in the lower house of the country’s parliament on Sunday. It was a record number of seats for the Liberal Democrats, scoring 316 of the 465 available, riding the coattails of Takaichi’s popularity. Centrist Reform scored the second most seats with 49, down from 167 going into the snap election.
