With global trade in something of a chaotic mess due to the Trump administration threatening to impose tariffs and placing levies on China, the futures for soybeans, corn and wheat are very difficult to determine said Terry Reilly, senior agricultural specialist for Marex. Added to that, he suggested there could be a few surprises in the February supply and demand report from the United States Department of Agriculture.
CBOT Weekly: Hard to determine where markets could go
Tariffs issues clouding pathways
U.S. livestock: Cattle continue downward, hogs turnaround
U.S.,China impose tariffs on each other
Live and fed cattle futures on the Chicago Mercantile Exchange were lower on Tuesday as the selloff continued.
Launching National Farmer Crisis Line
Crisis line is available at 1-866-FARMS01 (1-866-327-6701)
As farming gleans stress from a variety of sources, the Canadian Centre for Agricultural Wellbeing announced on Feb. 4 that it has set up the National Farmer Wellness Network. The […] Read more
U.S. livestock: Cattle futures pull back to start February
Trump delays tariffs on Mexico
Live and fed cattle futures on the Chicago Mercantile Exchange stepped back on Monday, moving further away from highs reached in late January.
Feed Grains Weekly: Tariffs ‘an unknown situation’ says broker
Barley, wheat prices largely unchanged
Movement in feed grain prices remained largely at a standstill across Western Canada due to the looming threat of tariffs by the Trump administration, said Susanne Leclerc of Market Master Ltd. in Edmonton.
Upswings in most December grain deliveries
Declines in rye, flax
Deliveries of major grains increased from December to December, according to data released by Statistics Canada on Jan. 29.
December canola crush pushes higher
Canola crush exceeds 1 million tonnes
Data released by Statistics Canada on Jan. 29 showed the December crush of canola and soybeans came in higher than a year ago.
Pulse Weekly: Supply and demand ‘sideways’ says broker
‘If prices move up, they move up big time, but they won’t drop overnight’
Lentil prices on the Canadian Prairies were steady in late-January, which a broker noted is typical for this time of year. Marcos Mosnaim of Prairie IX said the forces of supply and demand are standing pat, leading to no price fluctuations.
Buenos Aires desk cuts Argentine corn, bumps up wheat
Crops affected differently by weather
As Argentina continues to face dry conditions, the United States Department of Agriculture attaché in Buenos Aires cut their estimate for the country's 2024/25 corn crop. Meanwhile the attaché bumped up their call on the Argentine wheat harvest, which was recently completed.
U.S. threatening Canada’s canola oil industry
Chinese used cooking oil another threat
Canada's canola oil industry is facing two threats from the United States, said Chris Vervaet, executive director of the Winnipeg-based Canadian Oilseed Processors Association.