currency Archives | Country Guide

U.S. won’t levy new tariffs on Brazil, Trump tells Bolsonaro

By Reuters December 20, 2019

Reading Time: < 1 minute Sao Paulo | Reuters — Brazilian President Jair Bolsonaro said on Friday that U.S. President Donald Trump told him in a phone conversation that his administration will not levy new tariffs on Brazilian steel and aluminum as threatened earlier this month. “I had a phone conversation a few moments ago with Donald Trump. … He […] Read more

General, Markets, Reuters

Vietnam considers CPTPP-level tariff cuts on U.S. ag products

By Reuters December 9, 2019

Reading Time: 2 minutes Hanoi | Reuters — Vietnam is considering cutting tariffs on several U.S. products, the ministry of finance said in a statement on Monday, after U.S. Commerce Secretary Wilbur Ross urged Vietnam to reduce its trade surplus during a visit to Hanoi last month. Tariffs on chicken and processed chicken meat, almonds, grapes, wheat, pork and […] Read more

Crops, Markets, Reuters

Trump, citing U.S. farmers, slaps metal tariffs on Brazil, Argentina

By Andrea Shalal, Gabriel Stargardter December 2, 2019

Reading Time: 3 minutes Washington/Rio de Janeiro | Reuters — U.S. President Donald Trump ambushed Brazil and Argentina on Monday, announcing tariffs on U.S. steel and aluminum imports from the two countries in a measure that shocked South American officials and left them scrambling for answers. In an early morning tweet, Trump said the tariffs, “effective immediately,” were necessary […] Read more

Crops, Markets, Spring Wheat

Prairie cash wheat: Improved basis underpins bids

By Phil Franz-Warkentin - MarketsFarm November 29, 2019

Reading Time: 2 minutes MarketsFarm — Wheat bids in Western Canada were mostly higher during the week ended Thursday, as basis levels improved in most locations. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were mixed during the week, with a steady to softer tone in Manitoba while Saskatchewan and Alberta saw gains of $1-$3 […] Read more

Canola, Crops, Markets

ICE weekly outlook: Soyoil, not weather, main influence on canola

By Ashley Robinson - MarketsFarm October 3, 2018

Reading Time: < 1 minute CNS Canada — Wet and snowy weather now plaguing the Prairies isn’t to blame for the canola market’s recent upswing, according to one trader. “Canola’s been firm but it really hasn’t shown any reaction whatsoever to the weather; it’s going up because bean oil’s going up and it’s lagging the bean oil gains by quite […] Read more

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn, soy run into strengthening U.S. currency

By Dave Sims August 15, 2018

Reading Time: < 1 minute CNS Canada — The growing currency crisis in Turkey is starting to impact other economies throughout the world, and by extension commodities such as soybeans and corn. As the Turkish lira drops in value, many investors have begun to put their money into the U.S. currency. It’s a common move when markets are troubled as […] Read more

Crops, Lentils, Markets

Turkish currency crisis casts cloud over lentil exports

By Dave Sims August 14, 2018

Reading Time: 2 minutes CNS Canada — The plunging value of the lira is threatening to curb sales of Canadian lentils to Turkey — traditionally one of Canada’s biggest customers for the pulse. The Turkish lira hit a record low on Monday as soaring inflation and political turmoil sent the currency plunging relative to the U.S. dollar. At the […] Read more

Guide Business

Low loonie not good for farmers right now

By Ashley Robinson - MarketsFarm June 23, 2018

Reading Time: 2 minutes CNS Canada — Usually when the Canadian dollar starts to drop lower than its U.S. counterpart it’s good for producers — but this time not so much. Along with the drop, commodity prices have also dropped. “Unfortunately I’m not so sure that what we’ve seen in terms of a decline in the Canadian dollar versus […] Read more

Crops, Reuters

Maduro rebukes Kellogg for leaving Venezuela

By Corina Pons, Tibisay Romero May 15, 2018

Reading Time: 2 minutes Caracas/Valencia | Reuters — Venezuelan President Nicolas Maduro blasted U.S.-based cereal maker Kellogg Co. on Tuesday for pulling out of the country due to the economic crisis and vowed to hand over the company’s factory to workers. At a campaign rally ahead of Sunday’s presidential election, which Maduro is expected to win, the president called […] Read more

Markets, News

Behind the Bitcoin craze, blockchain in agriculture

New online transaction technology is being used to secure interactions between grain buyer and seller

By Ashley Robinson - MarketsFarm December 13, 2017

Reading Time: 5 minutes [Updated: Dec. 14, 2017] Winnipeg / Commodity News Service Canada – Across the world Bitcoin has caused a flurry of excitement. But as analysts warn about the potential downfall of the cryptocurrency craze there is a part of it that could survive and change the business world – blockchain. “People are seeing potential here. They […] Read more

Canadian canola crush sets new monthly record

High stocks-to-use ratio weighs on canola

Large funds back on short side in soybeans

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