Ottawa | Reuters — There is “an awful lot of affection for Canada” around the world that will help the government’s push to diversify exports away from the United States, the country’s new trade minister said on Thursday, as ties with Washington become more strained. Winnipeg MP Jim Carr, previously the minister for natural resources, […] Read more
Tag Archives tariffs — page 56
World’s ‘affection’ for Canada will help in trade diversification: Carr
Chinese demand boosting Canadian wheat, barley exports
CNS Canada — China is making major moves to import more Canadian wheat and barley this year. Data released by the Canadian Grain Commission show China more than tripled its wheat imports, taking in 979,100 tonnes as of May, up from 295,300 tonnes in the same period of 2016-17 and an increase of 231.6 per […] Read more
CBOT weekly outlook: Soy and corn recover, but too early to call a bottom
CNS Canada — Soybean and corn futures at the Chicago Board of Trade recovered off of contract lows over the past week, but it’s still too early to say either commodity has found a bottom. “I’m looking for baby steps to confirm the bottom, and I haven’t seen anything of substance yet,” said Preston Zacharias, […] Read more
U.S. grains: Markets set one-week highs on export hopes, weather woes
Chicago | Reuters — U.S. grain and soybean futures touched their highest prices in about a week on Wednesday, as agricultural markets stabilized following recent drops to contract lows. Hopes for increased U.S. commodity export demand helped support soy prices after the market fell to a 10-year low on Monday amid widespread concerns about the […] Read more
U.S. grains: Soy, corn rise on decline in crop conditions
Chicago | Reuters — U.S. soybean and corn futures rose on Tuesday as lower-than-expected crop ratings and increased hopes for a resolution to the U.S.-China trade battle helped to extend a recovery from sharp losses last week. The markets advanced after the U.S. Department of Agriculture said on Monday that 69 per cent of the […] Read more
U.S. grains: Soy rises from 10-year low set on trade war
Chicago | Reuters — U.S. soybean futures jumped on Monday after dropping to their lowest prices in a decade earlier in the session, as the U.S.-China trade dispute looms over agricultural markets. Technical buying helped soybeans to recover after the most-active contract lost more than five per cent last week, traders said. The trade dispute […] Read more
U.S. grains: Soy sinks to new lows as trade war seen swelling supply
Chicago | Reuters — U.S. soybean futures slid to fresh lows on Friday and the most-active contract closed at the lowest in nearly a decade after a government report reinforced concerns that the trade dispute with China will dent exports and lead to a build-up in stocks. Corn futures followed soybeans lower, with additional pressure […] Read more
Pulse weekly outlook: Peas may find opportunities ahead
CNS Canada — Ongoing trade disputes between the U.S. and several other countries might offer short-term opportunities for Canadian peas, but do the overall industry no good, according to the executive director of Saskatchewan Pulse Growers. Carl Potts said ppeas could potentially find access to markets where the U.S. has been shut out, or in […] Read more
U.S. livestock: Cattle, hogs turn up on short-covering
Chicago | Reuters –– Chicago Mercantile Exchange livestock futures ticked higher on Thursday, boosted by short-covering and technical buying after prices probed new lows earlier this week, traders said. Futures for cattle and lean hogs notched narrow gains despite fears of weaker prices in cash markets and a lower trend in wholesale meat values — […] Read more
U.S. grains: Soybeans bounce after hitting new lows on trade war fears
Chicago | Reuters — U.S. soybean futures fell to contract lows on Thursday after the U.S. Department of Agriculture said a trade war with China would curb exports and swell supplies, but the market clawed back those losses late in the session in a short-covering bounce. Corn rallied from earlier contract lows as USDA, in […] Read more
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