Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose for the third day in a row on Tuesday, with the market still underpinned by the trade deal among the U.S., Canada and Mexico, traders said. But technical buying pulled prices from their highs and the market failed to take out the 5-1/2-month high […] Read more
U.S. livestock: CME cattle futures extend rally
Swiss voters reject more aid for farmers
Reading Time: < 1 minute Zurich | Reuters — Swiss voters decisively rejected more help for farmers in two referendums on Sunday, heeding the government’s warnings that the measures would send food prices rocketing and hurt the economy, projections for broadcaster SRF showed. Opinion polls had shown early widespread support for more farm aid was fading as the vote neared […] Read more
Mexico says will seek deal with Canada if NAFTA talks fail
Reading Time: < 1 minute Mexico City | Reuters — Mexico’s incoming government will pursue a bilateral deal with Canada if talks to overhaul the North American Free Trade Agreement falter, Mexican president-elect Andres Manuel Lopez Obrador said on Friday. After more than a year of talks to modernize the NAFTA trade pact between the United States, Mexico and Canada, […] Read more
Aurora Cannabis plans U.S. stock listing in October
Reading Time: < 1 minute Reuters — Canada’s Aurora Cannabis said Thursday it plans a U.S. listing of its shares in October, as it looks to cash in on strong investor appetite for marijuana producers. Interest has boomed in Canada’s marijuana companies ahead of legalization of recreational cannabis in the country next month. Several U.S. states have also legalized marijuana […] Read more
Trudeau says good NAFTA deal wanted soon, hazy on deadline
Reading Time: < 1 minute Saskatoon | Reuters — Canadian Prime Minister Justin Trudeau said Thursday he wanted a good NAFTA deal as soon as possible, but did not answer directly when asked if he agreed with Washington that the end of September was the final deadline for talks. Canada and the U.S. are struggling to settle differences over access […] Read more
Britain outlines post-Brexit farm policy in bill
Reading Time: 2 minutes London | Reuters –– Britain will introduce legislation on Wednesday for agricultural policy after it leaves the European Union that will link support for farmers to the provision of public benefits such as tackling climate change or preserving beautiful landscapes. The Agriculture Bill, primarily covering England, will provide the basis for policy in a sector […] Read more
Russia meets grain traders, sees no need to limit exports
Reading Time: 2 minutes Moscow | Reuters — Russia’s agriculture ministry does not see a need to impose an export duty on grains or to curb grain exports in any other way, it said in a statement after a meeting with exporters on Monday. Chicago wheat prices — a global benchmark for grains — were supported last week by […] Read more
U.S. maps out tariff-related direct payments to farmers
Reading Time: 2 minutes Chicago | Reuters — The U.S. Department of Agriculture said on Monday its farm aid package would include US$4.7 billion in direct payments to farmers to help offset losses from retaliatory tariffs on U.S. exports this season. The bulk of the payments, $3.6 billion, would be made to soybean farmers (all figures US$). That amounts […] Read more
U.S. livestock: CME lean hogs sag on uncertainty over trade talks
Reading Time: 2 minutes Chicago | Reuters –– U.S. hog futures sagged on Wednesday for a third straight session on a perceived lack of progress in U.S. trade negotiations with key pork consumers China and Mexico, traders said. CME Group live cattle futures followed hogs lower, with burdensome supplies adding pressure. Most-active CME October lean hog futures settled down […] Read more
Russian ag minister sees no need for wheat export duty, for now
Reading Time: 2 minutes Moscow | Reuters — Russia’s agriculture minister sees no reason for now to introduce an export duty on wheat and is not considering one, he was quoted as saying by RIA news agency on Tuesday. A meeting at the agriculture ministry on Friday fuelled speculation among traders that Russia could consider grain export curbs once […] Read more
A message from April Stewart, Country Guide's Associate Editor
