Reading Time: < 1 minute Loblaw raised its annual profit forecast after beating third-quarter profit estimates on Wednesday, as the Canadian retailer bet on demand for grocery and medicines at its discount stores to remain resilient amid economic uncertainties.
Canada’s Loblaw raises annual profit forecast on resilient grocery demand
U.S. grains: Soybeans rise on China demand hopes; corn and wheat rebound
Reading Time: 2 minutes Chicago Board of Trade soybean, corn and wheat futures rose on Monday on signs of progress towards the end of a record-long U.S. government shutdown, along with expectations of a revival of U.S. soybean exports to China, analysts said.
Canada agriculture minister says canola trade prospects are improving after China visit
Reading Time: 2 minutes Canada’s agriculture minister Heath MacDonald said in an interview on Monday his weeklong trip to China is evidence of bilateral relations beginning to thaw, something desperately needed by Canada’s farmers and canola exporters.
U.S. grains: Soybeans bounce as Chinese demand assessed, wheat drops
Reading Time: 2 minutes Chicago soybean prices firmed on Friday in a bargain-buying bounce after a sharp fall on Thursday, as traders assessed prospects for more U.S. sales to China after the trade war truce between the countries.
China lifts Brazilian poultry imports ban over bird flu
Reading Time: < 1 minute China lifted a ban linked to Brazil’s avian influenza outbreak, the country’s General Administration of Customs said in a notice released on Friday.
U.S. grains: Soybeans, wheat plummet from highs on limited Chinese demand
Reading Time: 2 minutes 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.
Nutrien tops profit estimates, launches review of phosphate business
Reading Time: < 1 minute 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
Reading Time: 2 minutes 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.
Beijing lifts some tariffs on U.S. farm goods but soybeans stay costly
Reading Time: 3 minutes 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
Reading Time: 2 minutes 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.
A message from April Stewart, Country Guide's Associate Editor
