Chicago | Reuters — U.S. lean hog futures touched their lowest prices in about two months on Tuesday on concerns over elevated trade tensions between Washington and Beijing. Traders are worried that a resolution to the U.S.-China trade war may be farther off than previously expected, after U.S. President Donald Trump’s surprise statement on Sunday […] Read more
U.S. livestock: Hog futures extend setback on trade tensions
U.S. grains: Soy futures stabilize, eyeing China trade talks
Chicago | Reuters — U.S. soybean futures crept higher on Tuesday as traders breathed a sigh of relief over confirmation that a top Chinese negotiator will visit the United States for trade talks this week. Corn and wheat futures also strengthened at the Chicago Board of Trade (CBOT). Traders are monitoring any news on trade […] Read more
Canada needs ‘reset’ on China, Scheer says
Ottawa | Reuters — Canada’s opposition leader on Tuesday attacked Prime Minister Justin Trudeau for being too soft on China and said there needs to be a “total reset” on relations with the Asian powerhouse. Conservative Party leader Andrew Scheer spoke amid an escalating diplomatic dispute that has followed Canada’s arrest of Huawei Technologies chief […] Read more
U.S. grains: Soybeans plunge after Trump tariff threat against China
Chicago | Reuters — Chicago Board of Trade soybean and corn futures plummeted to new contract lows on Monday — with soy plunging to the lowest levels seen in nearly eight months — after U.S. President Donald Trump said he would raise tariffs on Chinese goods this week, clouding prospects for a trade settlement between […] Read more
U.S. livestock: CME hog futures limit down on China trade fight, swine fever fears
Chicago | Reuters — U.S. lean hog futures plunged by the daily trading limit on Monday, and cattle was lower, amid worries about the spread of African swine fever and fears that President Donald Trump will follow through with threats to impose additional tariffs on China. The tariff threat, which sparked broad selling on equity […] Read more
Fed-up Canada tells U.S. to help with China crisis or forget about favours
Ottawa | Reuters — Canada is leaning on the United States to help settle a dispute with China, which has started to block imports of vital Canadian commodities amid a dispute over a detained Huawei executive. In a sign of increasing frustration at what it sees as a lacklustre U.S. response, Prime Minister Justin Trudeau’s […] Read more
Bernie Sanders promises help for family farms
Reuters — U.S. presidential contender Bernie Sanders unveiled a plan on Sunday to help family farmers and rural residents, promising to break up corporate agricultural monopolies and invest heavily in social and economic programs in struggling rural communities. Sanders, an independent U.S. senator and fierce corporate critic, said on a campaign trip to Iowa that […] Read more
Canada ‘playing chess’ on canola file
MarketsFarm — Canola seed sales to China remain at a standstill with little fresh news to report, according to a Canola Council of Canada briefing to farmers held Friday morning together with federal International Trade Diversification Minister Jim Carr. However, efforts on a number of fronts are ongoing, as Canada works to resolve the issue. […] Read more
United effort to overturn China’s canola ban, say industry leaders
Call for action has been heard ‘loud and clear,’ but there are no quick fixes, warn canola groups
Call for action has been heard ‘loud and clear,’ but there are no quick fixes, warn canola groups
Reading Time: 4 minutes Industry leaders say Ottawa is acting on farmers’ concerns, but are warning there won’t be a quick resolution to China’s de facto ban on Canadian canola seed imports. “Several actions have been taken by both industry and government in addressing this issue in the past month,” Canola Council of Canada president Jim Everson said during […] Read more
U.S. grains: Soy down fourth straight week on export worries, big supplies
Chicago | Reuters — U.S. soybean futures eased on Friday for a sixth consecutive session, posting a fourth straight weekly drop as rain-delayed U.S. corn planting may fuel a shift to more soybean acres despite sluggish export demand from top importer China. Corn edged upward for a seventh straight day and notched its first weekly […] Read more