Chicago soybeans rose further on Friday to a two-month peak as brisk weekly exports, hopes that China will revert to buying U.S. crops and a rally in soyoil offset supply pressure from favorable U.S. field conditions.
U.S. grains: Soybeans extend gains to two-month peak; corn and wheat choppy
Canada lifts several import tariffs on U.S. goods as talks continue
Carney government hopes to inject life into stalled trade negotiations
Starting September 1, Canada will adjust its tariffs on agricultural products, consumer goods and machinery, Prime Minister Mark Carney announced at a press conference in Ottawa on Friday.
French maize ratings slip again; wheat harvest complete
Maize crop conditions in France, the European Union's biggest grain producer, registered a third consecutive weekly decline in the week to August 18, data from farm office FranceAgriMer showed on Friday, as a heatwave gripped most of the country.
Crop tour finds huge Minnesota, Iowa crops, but diseases lurk
Prospects for corn and soybean crops in Iowa and Minnesota are the strongest in at least 22 years, scouts on Pro Farmer’s annual tour of top grain-producing states said on Thursday, but diseases already lurking in fields could limit yields at harvest.
U.S. grains: Soybeans, corn rebound on technical trading, bargain buying
Chicago soybean and corn futures surged on Thursday on short covering and bargain buying after prices sank low enough to attract buying interest, though supply pressure from favorable U.S. crop conditions continue to loom over the market, analysts said.
U.S. livestock: Cattle futures rally peters out on position squaring
Chicago Mercantile Exchange cattle futures fell on Thursday after rising for four consecutive sessions, as traders booked profits and squared positions ahead of the U.S. Department of Agriculture's monthly Cattle on Feed report due after the market's close on Friday, analysts said.
Moe to go to China to discuss canola tariffs
Federal agriculture minister MacDonald says it's too early to say what help farmers need
Saskatchewan Premier Scott Moe said on Thursday that he would travel to China soon for talks on persuading Beijing to drop its new tariffs on canola.
Crop tour finds strong corn, soy potential along with diseases in Illinois, western Iowa
Corn yield potential and soybean prospects are significantly above average across Illinois and western Iowa, though plant diseases could threaten final yields, scouts on an annual crop tour of the Midwest said on Wednesday.
India imports canola oil after 5 years as local prices surge
India bought canola oil for delivery in August for the first time in nearly five years, as local prices hit a three and a half-year high, making overseas purchases lucrative, industry officials told Reuters.
U.S. livestock: Cattle futures continue rally on constrained supply
Chicago Mercantile Exchange cattle futures rose for the fourth session in a row on Wednesday, as a continued tight supply of cattle and resilient consumer demand for beef boosted futures, traders said.
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