CNS Canada — When Linamar announced it was purchasing MacDon Industries at the end of last year, there was trade uncertainty for Canada. Since then, the issues have ballooned, but Linamar isn’t panicking. “We’re trying to look past (the trade uncertainty) a little bit because there’s a lot going on there and we don’t know […] Read more
Amid trade uncertainties, Linamar builds up ag unit
ICE weekly outlook: Canola facing uncertainty
CNS Canada — ICE Futures Canada canola contracts fell to their lowest levels in more than three months during the week ended Wednesday, but could still have more room to the downside given the general sense of global trade uncertainty. “Every commodity trader in North America or globally is scared to death right now,” said […] Read more
Trudeau safe for now as Trump attacks, but angry farmers loom
Ottawa | Reuters — Canadian Prime Minister Justin Trudeau, facing the threat of a trade war from U.S. President Donald Trump, has unanimous domestic support for now but to keep a firm hold on power must wring concessions from an unwilling powerful dairy lobby in order to mollify Washington. Trudeau, who over the last year […] Read more
Canada’s dairy farmers cling to protections as Trump demands concessions
Winnipeg/Chicago | Reuters — Canadian dairy farmers want trade negotiators to keep their hands off the protected sector in increasingly contentious talks with the United States, however loudly U.S. President Donald Trump demands greater access, an executive with Canada’s biggest dairy lobby group said Monday. The sector, worth $21 billion in farm and processed dairy […] Read more
U.S. livestock: Profit-taking, renewed trade fears drop CME hogs
Chicago | Reuters — Chicago Mercantile Exchange hog futures on Monday reversed Friday’s advances, hit by profit-taking and renewed concerns over U.S. exports following late last week’s contentious G-7 summit, said traders. Europe will implement counter-measures against U.S. tariffs on steel and aluminum just like Canada, German Chancellor Angela Merkel said on Sunday, voicing regret […] Read more
Trump’s tweets spew ire on Trudeau, EU, NATO
Singapore | Reuters — U.S. President Donald Trump fired off a volley of tweets on Monday venting anger on NATO allies, the European Union and Canadian Prime Minister Justin Trudeau in the wake of a divisive G7 meeting over the weekend. The escalating clash over trade between Washington and some of its closest global partners […] Read more
Mexico hits back on U.S. steel, slaps tariffs on pork, bourbon
Mexico City | Reuters — Mexico responded in kind to U.S. President Donald Trump’s metals tariffs by imposing its own duties on U.S. steel on Tuesday, while also targeting politically sensitive agricultural products from pork to bourbon. Mexico’s peso tumbled to its weakest level since February 2017, leading losses among major currencies due to the […] Read more
U.S. livestock: CME hogs slump following Mexico tariff news
Chicago | Reuters — Some Chicago Mercantile Exchange hog contracts on Tuesday fell more than two per cent at one point after Mexico announced it imposed tariffs on U.S. pork, traders said. Mexico imposed tariffs on U.S. products ranging from steel to pork and bourbon in retaliation for higher import duties by Washington on Mexican […] Read more
With maple syrup tariff, Canada-U.S. trade dispute spills beyond metals
Toronto | Reuters — Canada’s retaliation against U.S. President Donald Trump’s steel and aluminum tariffs includes proposed duties on U.S. maple syrup, a nod to a national symbol and a powerful industry in Quebec that could hurt producers in Maine. While small in dollar value, the tariff shows how Canada’s retaliation has turned a dispute […] Read more
U.S. livestock: Bargain buying, short-covering lift CME hogs
Chicago | Reuters — Chicago Mercantile Exchange hog futures settled higher on Friday, with support from bargain buying and short-covering heading into the weekend, said traders. CME June hog futures led gainers after investors bought that contract and simultaneously sold deferred months in a trading strategy known as bull spreads, they said. June hogs closed […] Read more
Cyber-Savvy Farmer
