Reading Time: 2 minutes As to where canola and other grains go in the coming months is somewhat uncertain, said analyst Wayne Palmer of Exceed Grain in Winnipeg. He pointed directly at the incoming Trump administration in the United States and the policies the president-elect has been touting.
ICE Canada Weekly: Sideways trading likely until Trump sworn in
Uncertainty over policies of president-elect
CBOT Weekly: U.S. election drags down soybeans
Reading Time: 2 minutes Results from the United States election pulled down soybean prices at the Chicago Board of Trade during the week ended Nov. 13, 2024.
Trump trade policy seen as wild card for US soybean farmers, opportunity for crushers
Reading Time: 3 minutes American farmers are worried that President-elect Donald Trump's sweeping tariff plans will curb their access to top soy buyer China, but tariffs could also lure companies to build more U.S. crushing plants, hungry for domestic supplies.
USDA lowers U.S. soybean/corn yield estimates
Reading Time: 2 minutes There were a few tweaks to the latest monthly report from the United States Department of Agriculture released on Nov. 8. The World Agricultural Supply and Demand Estimates not only lowered yields for U.S. corn and soybeans, the department reduced the ending stocks for both.
CBOT weekly outlook: Trio of events loom over U.S. soybeans, corn
Reading Time: 2 minutes The trade's initial reaction to the re-election of former United States President Donald Trump was bearish for soybeans and corn on the Chicago Board of Trade on Nov. 6. Meanwhile, the U.S. Federal Reserve's interest rate announcement on Nov. 7 and the U.S. Department of Agriculture's supply and demand report on Nov. 8 are likely to have a bullish effect on those commodities, said Allendale Inc. president Steve Georgy.
CBOT Weekly: Corn, soybeans rising, wheat slipping
Reading Time: 2 minutes Corn and soybean prices rose at the Chicago Board of Trade during the week ended Oct. 23, 2024. However, wheat prices went lower during the same week.
ICE Weekly: Production uncertainty, forthcoming Chinese action fueling canola’s upswing
January contracts climbs $36/tonne
Reading Time: 2 minutes Buyers for China and others scooping up as much canola as they can, fueling hike in Intercontinetal Exchange canola futures.
CBOT Weekly: USDA report, short-covering raising prices
Reading Time: 2 minutes The USDA Quarterly Grain Stocks report as of Sept. 1 caused prices at the Chicago Board of Trade (CBOT) to rise during the week ended Oct. 2, 2024.
Canadian farmers to reduce canola plantings by seven per cent
Reading Time: 2 minutes Winnipeg | Reuters — Canadian farmers intend to plant seven per cent fewer acres of canola this spring compared with a year earlier, even less than expected by analysts and traders, as a dispute with China hampers demand, a government report showed on Wednesday. China and Canada are locked in a diplomatic and trade dispute […] Read more
U.S. confirms China soybean purchase, but no clarity over more sales
Reading Time: 3 minutes Chicago/Washington | Reuters — U.S. government officials on Thursday hailed China’s first meager purchase of U.S. soybeans since its trade war with the United States began in July and said they hoped for, but could not guarantee, more to come. The U.S. Department of Agriculture (USDA) announced private sales of 1.13 million tonnes of U.S. […] Read more
A message from April Stewart, Country Guide's Associate Editor
