Chicago | Reuters — U.S. soybean futures ended higher on Friday after rebounding on President Donald Trump’s comments that his administration may not have to impose further tariffs on China, the world’s biggest soybean buyer. Wheat added to early advances and corn pared losses after the comments. Trump has imposed tariffs on $250 billion of […] Read more
Tag Archives trade
U.S. grains: Soybeans up after Trump comments on China, trade
Rain continues to hamper North American harvest
Tariff war has implications on how U.S. farmers usually sell their crop
Ontario farmers have harvested 25 per cent of the soybeans and 15 per cent of the corn as of Oct. 7. Harvest selling pressure along with the stronger Canadian dollar has weighed on the corn and wheat markets. However, Canadian soybean prices are holding value due to strong Chinese demand. Quick look Soybeans: Ontario market […] Read more
Grains, hog farmers praise trade deal
Farmers outside of supply managed commodities are praising the new United States-Mexico-Canada Agreement to modernize NAFTA. Stability of markets is important for trading commodities and a completed North American trade deal will help remove concerns about potential change in the market. “This agreement ensures that the existing strong trade relationship between Canada, the U.S. and […] Read more
DFC hits back at politicians over dairy losses in trade deal
The Dairy Farmers of Canada is expressing angry discontent at Prime Minister Justin Trudeau
Dairy Farmers of Canada (DFC) is expressing its strong disappointment in the concessions given to the U.S. in the new USMCA trade agreement. “The announced concessions on dairy in the new USMCA deal demonstrates once again that the Canadian government is willing to sacrifice our domestic dairy production when it comes time to make a […] Read more
Canada’s ag output seen likely rising under climate change
CNS Canada — A new United Nations report suggests just how climate change will reshape agriculture by 2050 — and that Canada’s production capacity stands to benefit. International trade will play an ever-larger role in helping to feed people in food-deficient regions, as warmer temperatures and less precipitation will damage yields in many tropical areas, […] Read more
Commodity prices, trade cloud equipment sales projections
The decline in the Canadian dollar makes imported equipment more expensive for farmers
At Farm Credit Canada, we project total tractor sales to increase 1.4 per cent in 2018 and decline 1.6 per cent in 2019. The outlook for combine and 4WD tractor sales is more pessimistic as sales are projected to normalize to levels below the 2013-17 average sales. Our projections embed a high level of uncertainty. […] Read more
CBOT weekly outlook: Corn, soy markets see little action
CNS Canada — One trader isn’t expecting much movement on Chicago Board of Trade (CBOT) corn and soybean markets until harvest starts in the U.S. Midwest. “I’m looking (past) all the (information) that we see every day and hear. We wait until the combines roll, they tell you the truth,” said Scott Capinegro of Barrington […] Read more
U.S. grains: Wheat tops one-week high on Russia export concerns
Chicago | Reuters — U.S. wheat futures jumped to their highest prices in more than a week on Friday on concerns that top-exporter Russia may curb grain exports, traders said. Russia will consider restricting 2018-19 shipments once they reach 30 million tonnes, following a request from meat-producing regions, according to traders who met with the […] Read more
G20 ag ministers slam protectionism, pledge WTO reforms
Buenos Aires | Reuters — Agriculture ministers from the G20 countries criticized protectionism in a joint statement on Saturday, and vowed to reform World Trade Organization (WTO) rules, but did not detail what steps they would take to improve the food trade system. In the statement, they said they were “concerned about the increasing use […] Read more
U.S. grains: Soy jumps as U.S. readies aid for farmers
Chicago | Reuters — U.S. soybean futures climbed to two-week highs on Tuesday as the Trump administration said it would provide up to US$12 billion in aid to shield U.S. farmers from economic pain stemming from trade disputes. The program will include direct payments for farmers, and those who grow soybeans are expected to be […] Read more
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