Reading Time: 2 minutes Washington | Reuters — The U.S. Commerce Department said on Tuesday it will begin imposing a 17.5 per cent tariff on imported Mexican tomatoes, but said it is optimistic that a deal can be reached to extend a 2013 agreement that suspended a U.S. anti-dumping investigation. “The Department of Commerce remains committed to ensuring that […] Read more
U.S. to levy tariff on imported Mexican tomatoes in trade spat
U.S. livestock: Hog futures extend setback on trade tensions
Reading Time: 2 minutes Chicago | Reuters — U.S. lean hog futures touched their lowest prices in about two months on Tuesday on concerns over elevated trade tensions between Washington and Beijing. Traders are worried that a resolution to the U.S.-China trade war may be farther off than previously expected, after U.S. President Donald Trump’s surprise statement on Sunday […] Read more
U.S. grains: Soy futures stabilize, eyeing China trade talks
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures crept higher on Tuesday as traders breathed a sigh of relief over confirmation that a top Chinese negotiator will visit the United States for trade talks this week. Corn and wheat futures also strengthened at the Chicago Board of Trade (CBOT). Traders are monitoring any news on trade […] Read more
U.S. grains: Soybeans plunge after Trump tariff threat against China
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean and corn futures plummeted to new contract lows on Monday — with soy plunging to the lowest levels seen in nearly eight months — after U.S. President Donald Trump said he would raise tariffs on Chinese goods this week, clouding prospects for a trade settlement between […] Read more
Trump administration eyes more aid to farmers if necessary
Reading Time: 2 minutes Washington | Reuters — The Trump administration is ready to provide more federal aid to farmers if required, a White House adviser said on Monday, after rolling out up to US$12 billion since last year to offset agricultural losses from the trade dispute with China. “We have allocated $12 billion, some such, to farm assistance. […] Read more
U.S. grains: Wheat futures edge higher in turnaround from losses
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures rose on Wednesday in a rebound from falls to one-month lows a day earlier on the Chicago Board of Trade and contract lows in Kansas City and Minneapolis markets. Soybean futures set a five-month low, while corn futures also eased. Tuesday’s wheat price drop attracted bargain buying and […] Read more
World Pork Expo cancelled over swine fever fears
Reading Time: 2 minutes Chicago | Reuters — The U.S. pork industry canceled its annual convention on Wednesday over concerns that international attendees could bring in an incurable hog disease at a time when U.S. farmers are already suffering from trade wars. The decision to scrap the World Pork Expo, held by the National Pork Producers Council in Des […] Read more
Canada looks at fresh tariffs on U.S. goods
Reading Time: < 1 minute Ottawa | Reuters — Canada is looking at ways to boost the effectiveness of its retaliatory tariffs against the United States, Foreign Minister Chrystia Freeland said on Tuesday, but did not address remarks by a senior official who revealed what Ottawa might do. Canada imposed tariffs on $16.6 billion worth of U.S. exports in May […] Read more
Canada gearing up to slap more tariffs on U.S. imports
Reading Time: 3 minutes Canada will update its list of U.S. imports, including farm products, on which it will place tariffs in retaliation to U.S. tariffs on imported Canadian steel and aluminum, David MacNaughton, Canada’s ambassador to the United States, said Monday. “The intention… is not to escalate anything but simply to do what we said we’d do — […] Read more
U.S. grains: Soy, corn, wheat sag as trade news awaited
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures fell roughly one per cent on Wednesday and wheat slipped nearly three per cent on sluggish export demand for U.S. grains and a lack of news on U.S.-Chinese trade negotiations, traders said. “The single biggest potential factor right now that could turn these market dynamics is […] Read more
A message from April Stewart, Country Guide's Associate Editor
