Dubai | Reuters — Agriculture and food ministers from the Group of 20 (G20) countries agreed at a virtual meeting on Tuesday that emergency measures to stop the spread of the COVID-19 coronavirus must not upend global food supply chains. Their extraordinary meeting came as coronavirus lockdowns across the world slow global food supply chains, […] Read more
G20 ag ministers say COVID-19 measures shouldn’t disrupt food supply
Trudeau, China’s Xi had ‘positive’ discussions as dispute rages
Ottawa | Reuters — Canadian Prime Minister Justin Trudeau and Chinese President Xi Jinping had “positive, constructive interactions” on the sidelines of the G20 summit on Friday as a dispute between the two countries rages, Trudeau’s office said. Trudeau spoke “more than once” to Xi during a meeting of the Group of 20 leading economies […] Read more
Federal Tories critique lack of action on China
MarketsFarm — Federal Opposition House Leader Candice Bergen has publicly ripped the federal government’s lack of action to deal with rising barriers against Canada’s substantial ag exports to China. China halted imports of Canadian meat effective Tuesday, the latest on the list of Canadian products China has blacklisted since the December arrest of Huawei executive […] Read more
CBOT weekly outlook: USDA’s acreage report could push up prices
MarketsFarm — At least one analyst predicts the U.S. Department of Agriculture’s next acreage report, due out Friday, could have a bullish effect at the Chicago Board of Trade. “If we come in near trade expectations for the (soybeans), it might be supportive,” said Terry Reilly, grains analyst with Futures International in Chicago. Trade expectations […] Read more
Canada frets about potential Chinese crackdown on more exports
Ottawa | Reuters — Canadian Prime Minister Justin Trudeau said on Thursday he was concerned that China could broaden its crackdown on Canada’s exports, and that he might seek a meeting with Chinese President Xi Jinping later this month. China has already blocked imports of Canadian canola seed and looks set to boost customs examinations […] Read more
CBOT weekly outlook: Factors come together to boost prices
MarketsFarm — A combination of three factors have contributed to the bounce in prices at the Chicago Board of Trade, according to Rich Feltes of R.J. O’Brien in Chicago. “It’s the convergence of the middle of May, which is a critical time and the confirmation that planting is not only delayed, but it’s in for […] Read more
U.S. grains: Wheat, soy, corn climb
Chicago | Reuters — U.S. wheat futures rose about 1.5 per cent Friday on firming cash markets, analysts said, while soybeans and corn firmed ahead of hotly anticipated U.S.-China trade talks at this week’s G20 summit in Argentina. The G20 meeting is to include head-to-head discussions between U.S. President Donald Trump and Chinese counterpart Xi […] Read more
U.S., Canada, Mexico sign trade deal after last-minute brinkmanship
Buenos Aires | Reuters — The leaders of Mexico, Canada and the United States signed a North American trade pact on Friday after brinkmanship over the final details of the deal continued through the eve of the signing. They agreed on a deal in principle to govern the more than trillion dollars of mutual trade […] Read more
U.S. grains: Soybeans pause after two-day rise
Chicago | Reuters — U.S. soybean futures eased on Thursday as traders booked profits after prices hit a near two-week high in the previous session, ahead of trade talks between Washington and Beijing at the G20 meeting. Wheat futures declined on lacklustre U.S. export sales while corn ended nearly unchanged. Chicago Board of Trade January […] Read more
ICE weekly outlook: Canola at mercy of U.S. soy
CNS Canada — The ICE canola market is currently at the mercy of the soybean market as it awaits this week’s G20 meeting between Chinese President Xi Jinping and U.S. President Donald Trump. “We’ve got the big pop in the soybeans in anticipation of some positive developments at this weekend’s G20 meetings… we are getting […] Read more
Cyber-Savvy Farmer
