By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Wednesday is set to mark the so-called ‘Liberation Day,’ the term being used by the Trump administration to announce their reciprocal tariffs the United States will impose on its imports from most other countries. President Donald Trump will formally announce the levies at 3 p.m. CDT at the White House. Indications are the tariffs will be up to 20 per cent on most goods depending on the country. While Israel said it will remove all of its duties on its U.S. imports, China announced will restrict companies from investing in the U.S.
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Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Canadian…
- Wheat exports from Russia and Ukraine were headed in opposite directions in March. Russia said its exports last month were 1.78 million tonnes, down from 5.13 million the previous March. Meanwhile, Ukraine reported its wheat exports were 1.10 million tonnes, one of their best months in the 2024/25 marketing year.
- Brazilian exporter group ANEC reported on Wednesday the country’s March soybean exports were a record 16.09 million tonnes, up 530,000 from the group’s previous estimate. ANEC said Brazil’s March corn exports came to 474,200 tonnes. Consultancy StoneX cut its estimate on the Brazil soybean crop by 800,000 tonnes at 167.54 million, and it slashed its projection on the country’s corn harvest by 1.14 million tonnes at 127.22 million.
- The U.S. Department of Agriculture reported on Tuesday the February grain crush came to 421.20 million bushels of corn for ethanol, up 5.4 per cent from the previous February. Year-to-date corn for ethanol reached 2.75 billion bushels, 1.3 per cent more than the same time last year. The USDA’s fats and oils report said the February soybean crush was 189 million bushels and soyoil stocks were 1.48 billion pounds.
