Chicago | Reuters –– U.S. corn and soybean futures hit one-month lows on Thursday and wheat futures followed amid doubts about whether China will make the purchases from the United States promised in a trade deal between the two countries, analysts said. Chicago Board of Trade March corn futures tumbled three per cent, settling down […] Read more
U.S. grains: Corn, soy to one-month lows
U.S. Senate passes CUSMA trade deal
Washington | Reuters — The U.S. Senate on Thursday approved a revamp of the 26-year-old North American Free Trade Agreement that includes tougher rules on labour and automotive content but leaves US$1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged. The legislation for the U.S.-Mexico-Canada Agreement (CUSMA) passed on an 89-10 bipartisan vote, sending the […] Read more
CBOT weekly outlook: 2019 ends on high note
MarketsFarm — Despite a number of tough challenges in 2019, one broker at the Chicago Board of Trade said the year ended on a high note. “For what we went through with China this whole year, this trade war, you had corn, wheat and soybeans close higher for the year on Dec. 31,” said Scott […] Read more
U.S. livestock: Cattle rally on tightening supplies, strong cash market
Chicago | Reuters — U.S. live cattle futures jumped by as much as two per cent on Monday and feeder cattle futures rose by up to three per cent, propelled by strong cash market prices and tightening supplies of animals, analysts said. A $2 jump in cash cattle prices at southern Plains feedlot markets late […] Read more
Amended CUSMA pact includes anti-COOL clause
The new Canada-U.S.-Mexico Agreement (CUSMA), a free trade deal set to replace NAFTA, includes language meant to block any future bids at a trade-disrupting country-of-origin labeling (COOL) law. The new clause would, in theory, checkmate a move made last summer by some Democrat members of the U.S. House of Representatives to have a new North […] Read more
U.S. House passes CUSMA
Washington | Reuters — The U.S. House of Representatives on Thursday backed a new trade agreement with neighbouring Mexico and Canada in a 385-41 bipartisan vote, sending the NAFTA replacement measure to the Senate for consideration early in 2020. Democrats, who control the House, approved the United States-Mexico-Canada Agreement (CUSMA) more than a year after […] Read more
Canada could be last to ratify CUSMA deal, Trudeau says
Ottawa | Reuters — Canada could be the last of the three North American countries to ratify a new trade deal, Prime Minister Justin Trudeau said on Tuesday, indicating that his plan to match the U.S. timetable was set to fail. Trudeau’s Liberal government said from the start it wanted to work in tandem with […] Read more
Confluence of bullish news sends wheat futures higher
MarketsFarm — A number of factors have come together to underpin North American wheat prices, with more room to the upside after a rally in all three U.S. futures markets to start the week, according to an analyst. Chicago, Kansas City and Minneapolis wheat futures all started the week with double-digit gains. The Chicago and […] Read more
Opposition MPs could delay CUSMA deal’s ratification
Ottawa | Reuters — Canada’s two main opposition parties on Wednesday suggested they could move to delay ratification of a new continental trade pact, accusing the Liberal government of botching revisions to the treaty. Such a move would embarrass Prime Minister Justin Trudeau, who has vowed that Parliament will quickly approve the U.S.-Mexico-Canada Agreement (CUSMA). […] Read more
U.S. grains: Soy, corn firm on trade deal hopes
Chicago | Reuters — U.S. soybean futures firmed on Tuesday, rising for a sixth consecutive session on hopes that the United States and China will continue to progress toward an interim trade deal. Corn futures also edged higher on an improved trade outlook as Canada, Mexico and the United States approved changes to a preliminary […] Read more
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