Reading Time: 2 minutes MarketsFarm — As soybeans and corn trend downward on the Chicago Board of Trade, wheat is poised to climb higher, according to Andrew Mages, analyst with Progressive Ag at Fargo, N.D. The weather outlook has called for scattered showers over the next couple of weeks, which will impact crops in some way, he said. “The […] Read more
CBOT weekly outlook: Keep an eye on the weather
Corn, soy seen trending lower
ICE weekly outlook: Don’t bank on canola prices jumping higher
Reading Time: < 1 minute MarketsFarm — As canola remained steadfast in its following of Chicago soyoil, analyst Wayne Palmer of Exceed Grain stressed that the days of higher prices have very likely passed. “Farmers are tremendously undersold. This latest sell off took them totally by surprise,” he said. After August soyoil made some gains over the last week, it […] Read more
Is Canada’s coming Indo-Pacific strategy too little, too late?
Canada has high hopes to grow its agriculture trade in the Indo-Pacific region, but strategists say Canada must look beyond trade or face continued irrelevance
Reading Time: 5 minutes Glacier FarmMedia – If Canada wants to continue to grow its agriculture trade in one of the fastest growing regions of the globe, it needs a new strategy. It needs to reconsider its ‘trade mission’ diplomacy strategy in the Indo-Pacific region and become relevant to the countries there. “Economic interests can no longer be separated […] Read more
USDA attaché alters call on China’s ending stocks
Reading Time: 2 minutes MarketsFarm — Ahead of the July world supply and demand estimates from the U.S. Department of Agriculture (USDA), due out Tuesday, the department’s attaché in Beijing put forth its forecast changes. The attaché lowered ending stocks for China’s new-crop soybeans and rapeseed, while it increased the carryover for new-crop corn and wheat, in reports released […] Read more
U.S. livestock: CME cattle, hogs advance in turnaround from losses
Live hog futures in China drop sharply
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange cattle and hog futures closed stronger on Wednesday as the livestock markets recovered from losses in the previous session that were linked to fears of a global economic recession, traders said. Wall Street also finished higher, after broad declines in equities and commodities on Tuesday spilled over into […] Read more
Swine fever outbreak in Germany’s top pork state poses lasting threat
Risk seen for spread to neighbours Netherlands, France
Reading Time: 2 minutes Hamburg | Reuters — The spread of African swine fever to Germany’s most important pig rearing region has dealt a serious blow to the sector with major markets such as China likely to maintain import bans for years to come, analysts said on Monday. The outbreak on a farm in Emsland, Lower Saxony is the […] Read more
ICE weekly outlook: ‘Meltdown’ not yet on canola market radar
Reading Time: < 1 minute MarketsFarm — There’s more to the sharp decline in U.S. wheat and corn futures than the possibility of Ukrainian exports returning to the global market along with the massive liquidation of longs, according to analyst Errol Anderson of ProMarket Communications in Calgary. “My theory with what is going on is that we’re seeing a fairly […] Read more
ICE weekly outlook: Canola sideways for now
Reading Time: 2 minutes MarketsFarm — The ICE Futures canola market may have seen some large price swings over the past few weeks, but remains relatively rangebound overall with values sitting just below their all-time highs. The upward momentum is slowing down, said David Derwin, a commodities investment advisor with PI Financial in Winnipeg. However, he added, it remains […] Read more
CBOT weekly outlook: Prices likely to trend downward
Reading Time: 2 minutes MarketsFarm — With weather in the U.S. becoming more favourable for spring planting, combined with other factors, prices on the Chicago Board of Trade CBOT) are expected to push lower, according to Scott Capinegro of Barrington Commodity Brokers at Barrington, Ill. “If you’re getting it planted and it rains, the stuff is off to a […] Read more
Canada to ban Huawei/ZTE 5G equipment, joining Five Eyes allies
Move comes as diplomatic tensions ease, canola block lifted
Reading Time: 2 minutes Ottawa | Reuters — Canada on Thursday said it plans to ban the use of China’s Huawei Technologies and ZTE Corp. 5G gear to protect national security, joining the rest of the so-called Five Eyes intelligence-sharing network. “We intend to exclude Huawei and ZTE from our 5G networks,” Industry Minister Francois-Philippe Champagne told reporters in […] Read more
A message from April Stewart, Country Guide's Associate Editor
