Markets
Reading Time: < 1 minute Germany's BASF said on Friday that it was lowering its full-year outlook, citing weaker-than-expected global economic growth and reduced demand for its chemicals due to U.S. tariffs.
BASF cuts 2025 outlook as tariffs weigh on global economy
USDA adjusts supply/demand estimates
Corn/soybean yields unchanged
Reading Time: 2 minutes Corn and soybean yields in the United States were left unchanged in the latest supply/demand estimates from the U.S. Department of Agriculture, released July 11, although a reduction in harvested area led to small downward revisions to production for the crops.
USDA cuts US corn stocks outlook after raising exports to record high
Reading Time: < 1 minute The U.S. Department of Agriculture lowered its U.S. corn supply forecast in a monthly supply-and-demand report on Friday and raised its outlook for U.S. exports of the grain this season to a record high following a strong pace of overseas shipments.
Prairie Wheat Weekly: U.S. futures pressure Canadian prices
Weather varied across Prairies
Reading Time: 2 minutes Pressure on U.S. futures and variable weather conditions on the Prairies brought Western Canadian wheat bids down during the week ended July 10, 2025.
ICE Canola Midday: Shrugging off Trump tariff threats
Canadian oilseed turning around after earlier losses
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were recovering late Friday morning from losses generated by tariff threats from United States President Donald Trump on Thursday. As Canada-U.S. trade talks progress towards the deadline of July 21, the president said he would slap an additional 35 per cent levy […] Read more
Global Markets: Trump threatens Canada with tariff hike
Exemptions for U.S. imports covered by CUSMA, as well as energy, fertilizer
Reading Time: 2 minutes By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Canada is now facing a 35 per cent tariff on its exports to the United States, effective Aug. 1. President Donald Trump made the announcement on Thursday, with the additional […] Read more
ICE canola drops amid trade threats
Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were at fresh one-month lows Friday morning, as the market reacted to the latest tariff threats from the United States. U.S. President Donald Trump said in a letter late Thursday that tariffs on Canadian imports would climb to 35 per cent on Aug. 1, from the current level of […] Read more
Canadian Dollar and Business Outlook: Trump threatens Canada with 35 per cent tariff
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – Mixed economic news did little to move the Canadian dollar in any direction on Friday morning. The loonie was at US$0.7306 or US$1=C$1.3687 as of 8:19 a.m. CDT, compared to Thursday’s close at US$0.7308 or US$1=C$1.3683. United States President Donald Trump said on Thursday that he plans to impose a blanket […] Read more
U.S. grains: Wheat futures rise on supply snags in top-exporter Russia
Reading Time: 2 minutes U.S. wheat futures closed higher on Thursday on concerns over the limited availability of supplies for export in Russia, analysts said.
Canadian Financial Close: Crude oil down, TSX rises
Reading Time: < 1 minute Glacier FarmMedia | MarketsFarm – The Canadian dollar uncovered some upside on Thursday as tariff threats from United States President Donald Trump continued to rattle markets. The loonie ended the day at US$0.7308 or US$1=C$1.3683, compared to US$0.7303 or US$1=C$1.3693 on Wednesday. The U.S. Dollar Index was up 0.04 of a point at 97.60. Benchmark crude oil […] Read more
A message from April Stewart, Country Guide's Associate Editor
