Chicago | Reuters — U.S. corn futures fell to life-of-contract lows on Monday and soybeans briefly dipped below US$9 a bushel for the first time since 2016 as favourable weather outlooks bolstered yield prospects and trade tensions threatened export demand, analysts said. Chicago Board of Trade soft red winter wheat futures also sagged and K.C. […] Read more
U.S. grains: Corn at contract lows, soy dips below $9
U.S. grains: China trade spat sparks soy futures selloff
Chicago | Reuters — U.S. soybean futures plunged 2.5 per cent to a one-year low on Friday on concerns that escalations in a trade fight with China would threaten shipments to the biggest buyer of the oilseed, traders said. U.S. President Donald Trump announced hefty tariffs on $50 billion of Chinese imports on Friday, with […] Read more
Amid trade uncertainties, Linamar builds up ag unit
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
CBOT weekly outlook: Corn, soybeans try to halt slide
CNS Canada — The future looks hot and dusty for corn and soybeans in the U.S. Midwest and central Plains over the next week or so. While crops in the U.S. are generally off to a good start so far this year, the heat could still bring some much-needed support to both commodities. The July […] 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
ICE weekly outlook: Canola braces for turbulence
CNS Canada — The ICE Futures Canada canola market could go on a choppy ride this summer as weather challenges and the topsy-turvy world of international trade battles threaten to fill the next few months with volatility. “Particularly in the summer months, Trump issues and weather issues will be the primary drivers; both are hard […] Read more
Canada to U.S.: Explain that farm spending war chest
Chicago/Geneva | Reuters — Canada wants the United States to explain why its lawmakers have made an additional $30 billion available to support U.S. farmers hit by trade woes, and how Washington might distribute the money, according to a document published by the World Trade Organization on Thursday. The questions come amid growing trade tensions […] Read more
U.S. grains: Soybeans stumble as U.S.-China trade talks disappoint
Chicago | Reuters — U.S. soybean futures fell on Friday on disappointment that trade talks did not move Washington and Beijing closer to a deal to resolve the mounting dispute that has crimped U.S. crop sales to China. Prices retreated after a one per cent rise on Thursday that was fueled by “unfounded rumours” the […] Read more
U.S. grains: Soybeans hit one-week high as trade fears ease
Chicago | Reuters — U.S. grain and soybean futures touched one-week highs on Monday as fears eased that a trade war with China will take a bite out of crop exports. The markets ultimately closed lower on technical selling and profit-taking, analysts said. However, traders were breathing easier after China’s commerce ministry on Friday did […] Read more
FCC sees benefits in new Trans-Pacific trade pact
CNS Canada — The future of trade for the Canadian agriculture industry is looking bright from the perspective of Canada’s federal ag lending agency, with progress on the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). According to Farm Credit Canada (FCC), anytime Canada can get less-restricted access to markets it is good for agriculture. “We can […] Read more
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