Chicago soybean and wheat futures took a nosedive on Thursday, retreating from multi-month highs, as signs of only limited Chinese purchases from the United States tempered optimism about fresh demand following a bilateral trade truce.
Daily news
U.S. grains: Soybeans, wheat plummet from highs on limited Chinese demand
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B.C. ostriches now to be culled after ruling: CFIA
Farm been at the centre of protests since CFIA first ordered the cull of over 300 birds
Birds are now to be culled from a British Columbia ostrich operation that sought to bypass standard federal practice in on-farm outbreaks of highly pathogenic avian influenza and has been denied an appeal at Canada’s highest court.
Nutrien tops profit estimates, launches review of phosphate business
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Nutrien beat analysts’ expectations for third-quarter profit on Wednesday, and said it would initiate a review of strategic alternatives for its phosphate business.
U.S. grains: Soybean prices rise as China-U.S. truce assessed
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Chicago soybean prices rose on Wednesday, recovering some of the previous session’s losses, as Beijing’s confirmation that it was cutting tariffs on U.S. farm goods put attention back on a trade truce between the countries.
Federal budget draws mixed reaction from Canadian agriculture groups
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The 2025 federal budget took a step forward in recognizing agriculture’s importance but failed to address pressing challenges like labour disruptions, interswitching and precision technology, say Canadian farm groups.
Beijing lifts some tariffs on U.S. farm goods but soybeans stay costly
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China will suspend retaliatory tariffs on U.S. imports, including duties on farm goods, after last week’s meeting of the two countries’ leaders, Beijing confirmed on Wednesday, but imports of U.S. soybeans still face a 13 per cent tariff.
Bunge beats profit estimates on strong processing margins, Viterra boost
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Bunge Global topped Wall Street estimates for third-quarter adjusted profit on Wednesday with the closing of its acquisition of Viterra in July boosting volumes as oilseed processing margins improved, sending shares up 2.6 per cent.
U.S. grains: Soybeans retreat after rally, wheat holds at three-month high
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U.S. soybean futures fell on Tuesday, retreating from a 16-month high hit a day earlier, as traders awaited Chinese purchases of U.S. cargoes following last week’s trade truce agreed by the world’s two largest economies.
Budget 2025 includes trade focus, boost for agriculture risk management
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The 2025 budget includes several investments relevant to the agriculture sector, including new trade corridors and financial supports for farmers
ADM cuts 2025 profit outlook on biofuel and trade uncertainty; shares tumble
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Archer-Daniels-Midland cut its 2025 profit forecast for a third straight quarter on Tuesday as U.S. biofuel policy uncertainty and global trade disruptions pressured oilseed crush margins.