(Photo courtesy Canada Beef Inc.)

Feed Grains Weekly: Overbooked end-users worried about tariffs on Canadian beef

Feed wheat, U.S. corn too expensive

There won't be a whole lot of movement of feed grains on the Canadian Prairies any time soon, stated Darcy Haley, vice-president of Ag Value Brokers in Lethbridge. He said not only are the end-users overbooked, but the relentless uncertainty over tariffs continues to dominate the cattle industry across Western Canada.







The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

CBOT Weekly: Hard to determine where markets could go

Tariffs issues clouding pathways

With global trade in something of a chaotic mess due to the Trump administration threatening to impose tariffs and placing levies on China, the futures for soybeans, corn and wheat are very difficult to determine said Terry Reilly, senior agricultural specialist for Marex. Added to that, he suggested there could be a few surprises in the February supply and demand report from the United States Department of Agriculture.