Ottawa/Washington | Reuters — The U.S. and Canada reached a deal to update NAFTA and keep it a trilateral pact with Mexico, beating a midnight deadline with agreements to boost U.S. access to Canada’s dairy market and protect Canada from possible U.S. autos tariffs, two Canadian sources with direct knowledge of the talks said on […] Read more
Canada, U.S. reach deal to update NAFTA, sources say
Canada sticks to plan to stay at NAFTA talks despite Trump attack
Ottawa | Reuters — Canada on Thursday shrugged off U.S. President Donald Trump’s criticism that talks to modernize NAFTA were moving too slowly and made clear it had to keep negotiating as long as there was a chance of success. The prospects for a quick deal to update the North American Free Trade Agreement appeared […] Read more
U.S. grains: Soybeans rise on bargain buying, sale to Mexico
Chicago | Reuters — Bargain buying and a major sale of U.S. soy to Mexico on Wednesday helped lift U.S. soybean futures for a second day, traders said, while corn and wheat futures slipped. Soybeans are recovering after the most actively traded contract last week fell to its lowest price in nearly 10 years. The […] Read more
Trump slams Canada over NAFTA, says rejected Trudeau meeting
United Nations | Reuters — U.S. President Donald Trump on Wednesday blasted Canada over the slow pace of talks over NAFTA, saying he was so unhappy that he had rejected Canadian Prime Minister Justin Trudeau’s request for a one-on-one meeting. The remarks by Trump, who repeated a threat to impose tariffs on Canadian autos, knocked […] Read more
U.S. grains: Soybeans top one-month high in turnaround from losses
Chicago | Reuters — U.S. soybean futures climbed to their highest in more than a month on Tuesday in a turnaround from recent declines that were driven by concerns about the U.S.-China trade dispute hurting American exports. Corn futures also set a one-month high, while wheat pulled back from a one-month high reached on Monday. […] Read more
U.S. grains: Corn, wheat surpass one-month highs
Chicago | Reuters — U.S. corn and wheat futures jumped on Monday to their highest levels in over a month on technical buying as well as concerns about rain stalling the country’s autumn harvests. Soybean futures slumped as China — the world’s top buyer of the oilseed — and the U.S. imposed fresh tariffs on […] Read more
Pork producers slammed by tariff war call for government aid
The bottom fell out of the pork market this summer and Alberta producers are suffering huge losses
Reading Time: 4 minutes Canadian pork producers need “immediate help” from government to deal with a price plunge sparked by U.S. President Donald Trump’s tariff wars with China and Mexico. “What we’re seeing right now is really bad,” said Darcy Fitzgerald, executive director of Alberta Pork. “And a lot of it has to do with what’s going on with […] Read more
Swiss voters reject more aid for farmers
Zurich | Reuters — Swiss voters decisively rejected more help for farmers in two referendums on Sunday, heeding the government’s warnings that the measures would send food prices rocketing and hurt the economy, projections for broadcaster SRF showed. Opinion polls had shown early widespread support for more farm aid was fading as the vote neared […] Read more
Informal NAFTA talks seen likely in next few days at U.N.
Montreal | Reuters — U.S. and Canadian officials trying to reach a deal on NAFTA are “very likely” to hold informal talks on the sidelines of a major U.N. meeting in the next few days, Canadian Prime Minister Justin Trudeau said on Sunday. With time running out ahead of a U.S.-imposed deadline of the end […] Read more
CBOT weekly outlook: Spec selling pressures corn, soy
CNS Canada — A recent round of contract selling by speculators has created a bearish outlook for corn and soybeans. Recently, both crops suffered losses after the U.S. Department of Agriculture released production estimates on Sept. 12 that were higher than expected. According to a trader, these and other challenges have painted a bearish picture […] Read more
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