Canada's annual inflation rate slowed more than expected to 1.6 per cent in September, data showed on Tuesday, prompting markets to increase bets of a 50 basis point rate cut next week. The easing of inflation, which was mainly led by a huge drop in the price of gasoline, was the smallest annual increase in consumer prices since February 2021, Statistics Canada said.
Canada’s inflation eases to 1.6 per cent, increasing chances of 50 bps rate cut
U.S. livestock: Cattle futures dip on profit-taking
Chicago Mercantile Exchange live and feeder cattle futures fell on Friday as traders pocketed profits following a nearly month-long rally, analysts said.
Mosaic says fertilizer waste facility’s water entered Tampa Bay after Hurricane Milton
Industrial byproduct phosphogypsum is known to emit cancer-causing radioactive gas
Mosaic Co said on Friday that water supporting the chemical company's storage of a waste byproduct from fertilizer manufacturing in Florida probably made its way into Tampa Bay following a downpour from Hurricane Milton.
U.S. grains: Soy, corn futures down as USDA projects massive US crops
Soy and corn futures turned lower on Friday after the U.S. Department of Agriculture's supply and demand report confirmed the advancing harvests in the U.S. will be some of the largest on record.
Two additional human bird flu cases confirmed in California
U.S. and California health officials confirmed two new cases of H5N1 bird flu in dairy farm workers in the state on Friday, bringing the total of infected dairy workers in that state to six, and the total of human cases nationwide this year to 20.
Ukraine grain exports to fall by more than 10 million tonnes due to smaller crop, official says
Ukraine's 2024/25 grain exports are likely to decrease to around 40 million metric tons from almost 51 million tons in 2023/24 due to a smaller harvest, the first deputy agriculture minister Taras Vysotskiy said on Friday.
California confirms fourth human case of bird flu
California on Thursday confirmed a fourth case of bird flu in a person who had contact with infected dairy cattle.
U.S. livestock: CME cattle futures higher on demand bounce, hogs also up
Chicago Mercantile Exchange live cattle futures bounced back on Thursday as a strong cash market and a bump in beef demand lent support to prices, traders said.
U.S. grains: Wheat climbs as dry weather, Ukraine war put supply risks in focus
Chicago wheat extended gains on Thursday as traders assessed whether increased tensions between Russia and Ukraine and persistent dryness in grain production areas around the world may curb global wheat exports, analysts said.
US forecaster sees 60 per cent chance of La Niña weather in September-November
There is a 60 per cent chance of La Niña weather conditions emerging in September-November and they are expected to persist through January-March 2025, a U.S. government forecaster said on Thursday.
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