The Bank of Canada on Wednesday reduced its key benchmark rate by 50 basis points to 3.75 per cent, its first bigger-than-usual move in more than four years, and hailed signs the country has returned to an era of low inflation.
Bank of Canada cuts rates, hails ‘good news’ on low inflation
U.S. livestock: Cattle futures up on strong demand
Chicago Mercantile Exchange cattle futures rose on Tuesday on signs of increased demand from U.S. consumers and exporters, analysts said.
U.S. grains: Soybean, corn futures rise on increased export demand
Chicago soybean and corn futures turned higher on Tuesday as a flurry of export sales helped stem market pressure from a fast-moving U.S. harvest and improved planting weather in South America, analysts said.
Ukraine foreign minister calls for support to stop Russian strikes on its Black Sea ports
Ukrainian Foreign Minister Andrii Sybiha said on Monday he and Turkish President Tayyip Erdogan had discussed safe navigation for shipping in the Black Sea.
US exporters race to ship soybeans as looming election stokes tariff worries
U.S. soybean export premiums are at their highest in 14 months, as grain merchants race to ship out a record-large U.S. harvest ahead of the U.S. presidential election and fears of renewed trade tensions with top importer China, traders and analysts said.
U.S. grains: Corn, soy futures up on flurry of export sales
Chicago corn and soybean futures rose on Monday as low prices spurred a flurry of international demand for U.S. grains and soy, analysts said.
U.S. livestock: Cattle futures pull back as rally fades
Chicago Mercantile Exchange cattle futures pulled back from the previous week's rally on Monday as traders positioned ahead of Friday's U.S. Department of Agriculture Cattle on Feed report, analysts said.
Bird flu cases presumed in four Washington farm workers, state says
Bird flu is presumed to have infected four poultry workers in Washington state, making it the sixth U.S. state to identify human cases this year, according to the Washington State Department of Health.
Speedy US corn and soy harvests strain farmers, storage capacity
Many Midwestern farmers still have grain left in storage from 2023 due to low prices
U.S. farmers are harvesting two of the largest corn and soybean crops in history at the fastest pace in years, straining their physical capabilities and their grain storage capacity. The massive influx of crops is testing growers who are already grappling with grain prices near four-year lows, stiff competition for global export sales and farm incomes that are down 23 per cent from a record high just two years ago.
China’s rapeseed meal contract drops after Canada plans some relief from EV tariffs
China's rapeseed meal futures sunk 4.6 per cent on Monday on hopes that Beijing would ease an anti-dumping probe on imports of Canadian rapeseed after Ottawa said it would grant firms temporary relief from tariffs on Chinese electric vehicles.