CBOT weekly outlook: African swine fever paralyzes futures

MarketsFarm — Ahead of the U.S. Department of Agriculture’s next crop report due out March 29, market experts are looking to headlines for direction in the Chicago futures. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin return to China next week, with the goal of hammering out a trade deal in weeks to […] Read more

Trump budget proposes steep subsidy cuts to U.S. farmers

Washington | Reuters — U.S. President Donald Trump’s 2020 budget on Monday proposed a 15 per cent cut for the U.S. Department of Agriculture, calling its subsidies to farmers “overly generous” at a time when they are going through the worst crisis in decades because of depressed commodity prices and Trump’s trade tariffs. The Republican […] Read more

Feed weekly outlook: Tight supplies, good demand support barley

Solid demand, both domestically and internationally, coupled with tightening world supplies is keeping barley bids well supported in Western Canada and should lead to increased acres this spring. “The price of feed barley is staying historically high,” said Brian Otto, chair of the Barley Council of Canada, noting feed barley at Lethbridge was currently trading […] Read more

Canola trade on edge over China tensions

Canadian canola exports to China face some uncertainty as concerns mount that political tensions between the two countries could spill into trade. The back-and-forth tariff dispute between the U.S. and China, and resulting decline in Chinese purchases of U.S. soybeans, originally led to ideas that Canada would pick up some of the slack with increased […] Read more

Aaron Fowler, Canada’s chief agriculture trade negotiator.

Canadian negotiator said CUSMA deal had to be done

The Canadian negotiators received pressure to end supply management until late in the negotiations

Canadian agriculture negotiators were dealing with proposals from the United States that would end supply management into September, 2018, not long before the deal was eventually completed at the end of September. That goes against the assurances of U.S. Agriculture Secretary Sonny Purdue while visiting Canada last summer that the Americans didn’t want an end […] Read more

In the December USDA report, Brazilian soybean production was estimated at 122 million tonnes, up from the November forecast of 120.5 million tonnes.

Soybean stocks mean trade truce could result in little price movement

Likely further weakness in the Canadian dollar could mean export opportunities

Ontario soybean, corn and wheat yields were higher than expected on Statistics Canada’s November crop survey. Despite the larger-than-expected production, Ontario prices are slightly higher this month for all grains and oilseeds due to stronger export demand. Ontario exports of corn, soybeans and wheat continue to exceed year-ago levels as the Canadian dollar trades near […] Read more