Reading Time: 2 minutes Ottawa/Washington | Reuters — The U.S. and Canada reached a deal to update NAFTA and keep it a trilateral pact with Mexico, beating a midnight deadline with agreements to boost U.S. access to Canada’s dairy market and protect Canada from possible U.S. autos tariffs, two Canadian sources with direct knowledge of the talks said on […] Read more
Canada, U.S. reach deal to update NAFTA, sources say
Canada sticks to plan to stay at NAFTA talks despite Trump attack
Reading Time: 3 minutes Ottawa | Reuters — Canada on Thursday shrugged off U.S. President Donald Trump’s criticism that talks to modernize NAFTA were moving too slowly and made clear it had to keep negotiating as long as there was a chance of success. The prospects for a quick deal to update the North American Free Trade Agreement appeared […] Read more
U.S. grains: Soybeans rise on bargain buying, sale to Mexico
Reading Time: 2 minutes Chicago | Reuters — Bargain buying and a major sale of U.S. soy to Mexico on Wednesday helped lift U.S. soybean futures for a second day, traders said, while corn and wheat futures slipped. Soybeans are recovering after the most actively traded contract last week fell to its lowest price in nearly 10 years. The […] Read more
Trump slams Canada over NAFTA, says rejected Trudeau meeting
Reading Time: 3 minutes United Nations | Reuters — U.S. President Donald Trump on Wednesday blasted Canada over the slow pace of talks over NAFTA, saying he was so unhappy that he had rejected Canadian Prime Minister Justin Trudeau’s request for a one-on-one meeting. The remarks by Trump, who repeated a threat to impose tariffs on Canadian autos, knocked […] Read more
U.S. grains: Soybeans top one-month high in turnaround from losses
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to their highest in more than a month on Tuesday in a turnaround from recent declines that were driven by concerns about the U.S.-China trade dispute hurting American exports. Corn futures also set a one-month high, while wheat pulled back from a one-month high reached on Monday. […] Read more
U.S. grains: Corn, wheat surpass one-month highs
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and wheat futures jumped on Monday to their highest levels in over a month on technical buying as well as concerns about rain stalling the country’s autumn harvests. Soybean futures slumped as China — the world’s top buyer of the oilseed — and the U.S. imposed fresh tariffs on […] Read more
Swiss voters reject more aid for farmers
Reading Time: < 1 minute Zurich | Reuters — Swiss voters decisively rejected more help for farmers in two referendums on Sunday, heeding the government’s warnings that the measures would send food prices rocketing and hurt the economy, projections for broadcaster SRF showed. Opinion polls had shown early widespread support for more farm aid was fading as the vote neared […] Read more
Informal NAFTA talks seen likely in next few days at U.N.
Reading Time: 2 minutes Montreal | Reuters — U.S. and Canadian officials trying to reach a deal on NAFTA are “very likely” to hold informal talks on the sidelines of a major U.N. meeting in the next few days, Canadian Prime Minister Justin Trudeau said on Sunday. With time running out ahead of a U.S.-imposed deadline of the end […] Read more
CBOT weekly outlook: Spec selling pressures corn, soy
Reading Time: 2 minutes CNS Canada — A recent round of contract selling by speculators has created a bearish outlook for corn and soybeans. Recently, both crops suffered losses after the U.S. Department of Agriculture released production estimates on Sept. 12 that were higher than expected. According to a trader, these and other challenges have painted a bearish picture […] Read more
Ag trade flows may change amid trade dispute, Bayer says
Reading Time: 2 minutes Monheim | Reuters — Bayer said on Tuesday it would be difficult to predict 2019 earnings at its agriculture business, which now includes Monsanto, because a U.S.-Chinese trade dispute could reroute global trade flows in farming commodities. The head of Bayer’s crop science division told Reuters his company could even benefit if U.S. farmers switched […] Read more
A message from April Stewart, Country Guide's Associate Editor
