Chicago | Reuters — U.S. soybean futures climbed to two-week highs on Tuesday as the Trump administration said it would provide up to US$12 billion in aid to shield U.S. farmers from economic pain stemming from trade disputes. The program will include direct payments for farmers, and those who grow soybeans are expected to be […] Read more
U.S. grains: Soy jumps as U.S. readies aid for farmers
Canada feeds Europe’s corn appetite as tariff war shrinks U.S. sales
Winnipeg/Chicago | Reuters — Canadian corn is flowing into Europe at the fastest pace in four years, helped by retaliatory tariffs against the U.S. by the European Union that has shut American corn out of the bloc, traders said. Corn shipments to western European countries rose 85 per cent year over year during the nine […] Read more
Trump to offer U.S. farmers billions to ease trade pain
Washington/Kansas City | Reuters — The Trump administration on Tuesday said it would provide up to US$12 billion in aid for U.S. farmers to shield them from the repercussions felt by trade spats between the United States and China, the European Union and others. China has targeted U.S. agricultural exports with tariffs in retaliation to […] Read more
Tread lightly with tariffs, says CCA
Reading Time: < 1 minute The Canadian Cattlemen’s Association says it backs Ottawa’s stance in standing up to “illegal U.S. tariffs on Canadian steel and aluminum.” But the farm group says it continues to remind federal officials “that the Canadian beef sector is highly dependent on trade with the U.S.” The retaliatory Canadian tariffs include items such as beef jerky […] Read more
‘Hi, I’m a soybean’: China deploys cartoon legume to reach U.S. farmers
Beijing | Reuters –– In the tense trade war with the United States, China’s government has turned to an unlikely weapon: a cartoon bean. “Hi, everybody. I am a soybean. I may not look like much, but I’m very important,” says the animated character in a video posted on Friday on the website of China […] Read more
U.S. grains: Wheat up on technical buying, export hopes
Chicago | Reuters — U.S. wheat futures sailed to their highest prices in more than a month on Friday on technical buying and expectations for increased U.S. exports as poor crop weather hurts harvests in other countries. Corn and soybean futures each advanced for the fifth straight day. Traders focused on dry weather reducing harvest […] Read more
World’s ‘affection’ for Canada will help in trade diversification: Carr
Ottawa | Reuters — There is “an awful lot of affection for Canada” around the world that will help the government’s push to diversify exports away from the United States, the country’s new trade minister said on Thursday, as ties with Washington become more strained. Winnipeg MP Jim Carr, previously the minister for natural resources, […] Read more
Chinese demand boosting Canadian wheat, barley exports
CNS Canada — China is making major moves to import more Canadian wheat and barley this year. Data released by the Canadian Grain Commission show China more than tripled its wheat imports, taking in 979,100 tonnes as of May, up from 295,300 tonnes in the same period of 2016-17 and an increase of 231.6 per […] Read more
CBOT weekly outlook: Soy and corn recover, but too early to call a bottom
CNS Canada — Soybean and corn futures at the Chicago Board of Trade recovered off of contract lows over the past week, but it’s still too early to say either commodity has found a bottom. “I’m looking for baby steps to confirm the bottom, and I haven’t seen anything of substance yet,” said Preston Zacharias, […] Read more
U.S. grains: Markets set one-week highs on export hopes, weather woes
Chicago | Reuters — U.S. grain and soybean futures touched their highest prices in about a week on Wednesday, as agricultural markets stabilized following recent drops to contract lows. Hopes for increased U.S. commodity export demand helped support soy prices after the market fell to a 10-year low on Monday amid widespread concerns about the […] Read more