Toronto | Reuters — Canada’s retaliation against U.S. President Donald Trump’s steel and aluminum tariffs includes proposed duties on U.S. maple syrup, a nod to a national symbol and a powerful industry in Quebec that could hurt producers in Maine. While small in dollar value, the tariff shows how Canada’s retaliation has turned a dispute […] Read more
Tag Archives tariffs — page 61
With maple syrup tariff, Canada-U.S. trade dispute spills beyond metals
U.S. livestock: Bargain buying, short-covering lift CME hogs
Chicago | Reuters — Chicago Mercantile Exchange hog futures settled higher on Friday, with support from bargain buying and short-covering heading into the weekend, said traders. CME June hog futures led gainers after investors bought that contract and simultaneously sold deferred months in a trading strategy known as bull spreads, they said. June hogs closed […] Read more
Canada to impose tariffs on U.S., challenge at WTO
Reuters — Canada will impose retaliatory tariffs on $16.6 billion worth of U.S. exports and challenge U.S. steel and aluminum tariffs under the North American Free Trade Agreement and the World Trade Organization (WTO), Canadian Foreign Minister Chrystia Freeland said on Thursday. The Canadian tariffs are set to go into effect on July 1 and […] Read more
U.S. livestock: Profit-taking, trade war fears upend CME hogs
Chicago | Reuters — Chicago Mercantile Exchange hog futures closed lower on Thursday, rocked by profit-taking amid worries that pork could suffer from retaliatory tariffs against the U.S., traders said. June hogs closed 0.7 cents/lb. lower at 76.625 cents (all figures US$). July ended 2.075 cents lower at 78.05 cents. Mexico threatened to reciprocate with […] Read more
U.S. grains: Soybeans turn lower on trade tensions
Chicago | Reuters — U.S. soybean futures ended lower on Thursday on worries about global trade tensions threatening exports, analysts said, while wheat and corn firmed on bargain-buying and ideas of tightening global supplies. Chicago Board of Trade July soybeans settled down 4-1/2 cents at $10.18-1/2 per bushel (all figures US$). July wheat ended up […] Read more
Deere plans price increases to offset rising costs
Chicago | Reuters — Shares of Deere and Co. soared Friday after the U.S. tractor maker revised up its full-year earnings estimate on stronger equipment demand and shared its plans to increase prices to offset increased costs. The company’s stock was up 6.4 per cent at $156.24 in early afternoon trading on the New York […] Read more
China agrees to import more ag commodities, fuels from U.S.
Washington | Reuters — China has agreed to significantly increase its purchases of U.S. goods and services, the two countries said Saturday, but made no mention of a US$200 billion target the White House had touted earlier. Beijing and Washington agreed they would keep talking about measures under which China would import more energy and […] Read more
NAFTA talks resume amid fears of ‘zombie’ deal
Washington | Reuters — Senior Canadian, U.S. and Mexican officials trying to rescue slow-moving talks to update the NAFTA trade pact met on Monday in a new bid to resolve key issues before regional elections complicate the process. With time fast running out to strike some kind of deal on the North American Free Trade […] Read more
China customs expanding checks on U.S. fruit imports
Beijing/Chicago | Reuters –– China’s major ports of entry have ramped up checks on fresh fruit imports from the U.S., five Chinese industry sources said, which could delay shipments from U.S. growers already dealing with higher tariffs as Sino-U.S. trade ties worsen. Fruits were among 128 U.S. goods that China slapped with more expensive import […] Read more
CBOT weekly outlook: Limited upside seen for U.S. soybeans
CNS Canada — It’s a fluid set of circumstances for the U.S. soybean market these days as U.S. negotiators head to China in a bid to get proposed tariffs lowered on U.S. imports — but the potential for any major rally appears limited. “I would say the beans have a more limited upside than the […] Read more
Cyber-Savvy Farmer
