Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.
- Monthly supply/demand estimates from the United States Department of Agriculture will be released at 11:00 a.m. CDT today. The data will include the agency’s first forecasts for 2025/26 production and usage.
- China and the U.S. will reduce tariffs on each other for the next 90 days after reaching a temporary deal over the weekend. Soybean and corn futures were higher as a result.
- Oil was also sharply higher following the China/U.S. news, with the de-escalation of trade tensions between the major economies raising expectations for increased oil demand.
- One in five Palestinians in Gaza are at risk of starvation, with the entire population of 2.1 million facing famine, says a new report from the Integrated Food Security Phase Classification (IPC) initiative. Conditions have worsened since the IPC’s last report in October, as Israel has blockaded food, water, medicine and other supplies from the besieged territory.
