Canada's trade deficit in May narrowed after a record-breaking deficit in April as total exports rose and imports fell even as the impact of U.S. tariffs dented shipments south of the border, data showed on Thursday.

Canada’s trade deficit narrows in May, US exports drop to lowest since pandemic
Exports to countries other than U.S. rise, but not enough to offset losses like canola exports to China

Farm goods holding up U.S.-India trade talks
U.S. and India trade negotiators were pushing on Wednesday to finalize a tariff-reducing deal ahead of President Donald Trump's July 9 negotiating deadline, but disagreements over U.S. dairy and agriculture remained unresolved.

Dairy supply management could sour Canada-US trade talks
Recent legislation may not keep negotiators from discussing supply management, experts say
Supply-managed Canadian dairy could be a sticking point in trade negotiations with the U.S.

ICE Weekly: Trade talks, weather lifting canola prices
Multiple factors driving canola’s rally
Trade discussions between Canada and the United States as well as dry weather have driven canola’s rally on the Intercontinental Exchange during the week ended July 2, 2025.

U.S. livestock: Cattle rebound, hogs gain
Chicago cattle futures rebounded on Wednesday after dropping on Tuesday over news the U.S. Department of Agriculture would gradually reopen borders to Mexican cattle imports.

CBOT Weekly: Turning towards a weather market
Area, stocks reports have little influence
Soybeans and corn on the Chicago Board of Trade are heading toward a weather market, said Sean Lusk, vice-president of Walsh Commercial Hedging in Chicago. The move comes after two reports from the United States Department of Agriculture issued on June 30.

Manitoba crops advancing nicely despite below normal moisture
About 50 to 70 per cent of normal precipitation
Crops in Manitoba continue to develop at a good pace despite a lack of rainfall in some parts of the province, reported Manitoba Agriculture on July 2.

U.S. grains: Corn and soy climb on bargain buying, positioning ahead of holiday weekend
U.S. grain and soybean futures rose on Wednesday in a bargain-buying and technical advance after recent declines and ahead of the Independence Day holiday weekend, with U.S. markets closed on Friday.

Viterra-Bunge merger a done deal, companies confirm
US$34 billion deal raised concerns about the effects of industry consolidation
Bunge's merger with Glencore-backed Viterra has closed, Glencore confirmed on Wednesday.

Prairie forecast: Stormy start to the west, summer heat to the east
Forecast issued July 2, covering July 2 to 9, 2025
We start this forecast period with warm high pressure in place across the eastern Prairies and a developing area of low pressure over Alberta.