Chicago | Reuters — China will probably resume buying U.S. soybeans around Jan. 1 because of limited supplies in South America, after halting purchases due to the trade war between Washington and Beijing, U.S. Agriculture Secretary Sonny Perdue said on Monday. However, it has “yet to be determined” whether China will remove tariffs on imports […] Read more
China’s action on tariffs uncertain, USDA’s Perdue says
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: Soy climbs on short-covering ahead of trade talks
Chicago | Reuters — U.S. soybean futures rose on Wednesday on short-covering as investors waited to see if expected talks between Washington and Beijing at a G20 summit this week will defuse a trade dispute that has choked U.S. soybean exports to China. Corn and wheat followed the firm tone, drawing additional support from a […] Read more
U.S. grains: Soybeans rise ahead of G20 talks, wheat declines
Chicago | Reuters — U.S. soybean futures firmed on Tuesday as brokers adjusted positions ahead of trade talks between China and the U.S. at the upcoming G20 meeting. Corn ended narrowly mixed while wheat futures fell on technical selling and worries about export demand for U.S. supplies. In addition, concerns eased about political tension between […] Read more
U.S. grains: Soybeans sag on fears of fading export prospects
Chicago | Reuters — U.S. soybean futures fell about two per cent and neared a four-week low on Monday on chart-based selling and worries about export prospects for U.S. supplies amid a trade war with China, traders said. Corn futures followed soybeans lower. But wheat futures rose on fears that Russian-Ukrainian tensions could inhibit grain […] Read more
U.S. grains: Soy futures up on hopes of progress in U.S.-China dispute
Chicago | Reuters –– U.S. soybean futures turned higher on Wednesday on optimism that Washington and Beijing will make progress at the upcoming G20 leaders summit toward resolving the trade dispute that has disrupted U.S. exports of the oilseed. Wheat futures slipped, while corn futures ended nearly unchanged after touching their lowest price since Oct. […] Read more
There’s light at the end of the trade war tunnel
Prices will return to normal and ag exports will continue to grow
Reading Time: 3 minutes Canada’s battle to renegotiate a free trade deal with the U.S. appears to be over, but global trade wars rage on — and that means producers can expect volatile markets for some time to come. But in the long run, it should all work out fine, says a new analysis by Farm Credit Canada on […] Read more
U.S. grains: Soybeans up after Trump comments on China, trade
Chicago | Reuters — U.S. soybean futures ended higher on Friday after rebounding on President Donald Trump’s comments that his administration may not have to impose further tariffs on China, the world’s biggest soybean buyer. Wheat added to early advances and corn pared losses after the comments. Trump has imposed tariffs on $250 billion of […] Read more
Canada to work with China on trade deal despite USMCA clause, Trudeau says
Singapore | Reuters — Canada and China will continue to work together toward an “eventual” free trade deal, Canadian Prime Minister Justin Trudeau said on Thursday. This is despite the country being a signatory to the North American Free Trade Agreement (NAFTA), which specifies that if one of its partners enters a free trade deal […] Read more
Some optimism for peas, lentils not invited for the ride
CNS Canada — Lentil growers hoping to see a light at the end of the current tunnel of low prices and restricted markets will likely be disappointed for some time. However, farmers with peas might see better market conditions over the course of the shipping year because of the United States-China trade war. “For our […] Read more