Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures fell for the third day in a row to their lowest in more than seven weeks on Thursday on expectations that U.S. supplies will continue to struggle to gain traction on the global export market, traders said. Corn futures ended firm, supported by bargain buying […] Read more
U.S. grains: Wheat extends losing streak
CBOT weekly outlook: Heavy rains threaten soybean quality
Reading Time: 2 minutes CNS Canada — Heavy rains across the U.S. Midwest and a murky outlook on international trade appear ready to drive down the soybean market in the lead-up to next week’s supply and demand report. The U.S. Department of Agriculture will release its monthly estimates on Sept. 12 and traders have already started to take positions. […] Read more
Progress seen in NAFTA talks
Reading Time: 3 minutes Washington | Reuters — The U.S. and Canada have made progress in talks to revise the North American Free Trade Agreement, and officials from the two sides will work together into the night to flesh out areas for further discussion, Canadian Foreign Minister Chrystia Freeland said on Wednesday. Freeland sounded upbeat as she emerged from […] Read more
U.S. livestock: Hogs mostly up on worry over swine fever in China
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures were mostly higher on Wednesday on firm cash hog prices and concerns about the spread of African swine fever in China, the world’s top hog and pork producer, traders said. But the market closed below session highs and some contracts settled below prior-day levels as the impact […] Read more
Trudeau indicates no compromise on key NAFTA demands
Reading Time: < 1 minute Surrey, B.C. | Reuters — Prime Minister Justin Trudeau indicated Tuesday that Canada would not compromise on key demands at high-level talks this week with the U.S. to update the North American Free Trade Agreement. Senior officials from both sides are due to meet in Washington on Wednesday in a bid to settle major differences […] Read more
Dispute resolution in focus as NAFTA talks drag
Reading Time: 3 minutes Toronto/Washington | Reuters –– Canada and the United States ended talks to revamp the North American Free Trade Agreement (NAFTA) on Friday without reaching a deal. One longstanding issue is Chapter 19 of NAFTA, a dispute resolution mechanism that the United States significantly scaled back in a bilateral deal it reached with Mexico. What is […] Read more
U.S. livestock: Cattle ease on profit-taking, lack of cash sales
Reading Time: 2 minutes Chicago | Reuters — U.S. cattle futures eased on Friday as traders locked in profits following two straight sessions of higher prices and as beef packers bought few animals in cash cattle markets, traders and analysts said. Expectations that meat packers might pay prices roughly steady with cattle sales of about $109/cwt a week ago […] Read more
U.S. to move ahead with Mexico pact, keep talking to Canada
Reading Time: 2 minutes Washington/Toronto | Reuters — Contentious U.S.-Canada trade talks ended on Friday with no deal to revamp the North American Free Trade Agreement after the mood soured, and President Donald Trump notified Congress of his intent to sign a bilateral trade pact with Mexico. U.S. and Canadian trade officials set plans to resume their talks on […] Read more
Fear, frustration on dairy farms as trade concessions sought
Reading Time: 3 minutes Winnipeg/Montreal | Reuters — Marie-Pier Vincent, a fourth-generation Quebec dairy farmer, worries it will be even harder to make ends meet if Canada allows more tariff-free imports of milk products from the U.S. under a reworked North American Free Trade Agreement. Vincent, 28, is already looking for a second job to pay back the money […] Read more
Canada, U.S. push toward NAFTA deal by Friday
Reading Time: 2 minutes Washington | Reuters — Top NAFTA negotiators from Canada and the U.S. increased the pace of their negotiations Thursday to resolve final differences to meet a Friday deadline, with their Mexican counterpart on standby to rejoin the talks soon. Despite some contentious issues still on the table, the increasingly positive tone contrasted with U.S. President […] Read more
A message from April Stewart, Country Guide's Associate Editor
