Reading Time: < 1 minute CNS Canada — Corn futures on the Chicago Board of Trade chopped around for much of the week ended July 25, but could be poised to move higher. There are ideas a trade deal between the U.S. and Mexico could be reached over some agricultural commodities such as corn, according to Jack Scoville of Price […] Read more
CBOT weekly outlook: Corn, soybeans look to wheat for support
Trump says agreed with EU to work to lower trade barriers
Reading Time: < 1 minute Washington | Reuters — U.S. President Donald Trump said on Wednesday the United States and the European Union were kicking off talks aimed at lowering trade barriers as officials looked to head off a brewing trade war. “This was a very big day for free and fair trade, a very big day indeed,” Trump told […] Read more
U.S. livestock: Cash price uncertainty weakens CME live cattle
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle lost ground on Tuesday after investors exercised caution in advance of this week’s prices for market-ready, or cash, cattle, said traders. There may have been some disappointment after initial bids for cash cattle came in below last week’s sales, a trader said. On Tuesday packers had […] Read more
U.S. grains: Soy jumps as U.S. readies aid for farmers
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures climbed to two-week highs on Tuesday as the Trump administration said it would provide up to US$12 billion in aid to shield U.S. farmers from economic pain stemming from trade disputes. The program will include direct payments for farmers, and those who grow soybeans are expected to be […] Read more
Canada feeds Europe’s corn appetite as tariff war shrinks U.S. sales
Reading Time: 2 minutes Winnipeg/Chicago | Reuters — Canadian corn is flowing into Europe at the fastest pace in four years, helped by retaliatory tariffs against the U.S. by the European Union that has shut American corn out of the bloc, traders said. Corn shipments to western European countries rose 85 per cent year over year during the nine […] Read more
Trump to offer U.S. farmers billions to ease trade pain
Reading Time: 3 minutes Washington/Kansas City | Reuters — The Trump administration on Tuesday said it would provide up to US$12 billion in aid for U.S. farmers to shield them from the repercussions felt by trade spats between the United States and China, the European Union and others. China has targeted U.S. agricultural exports with tariffs in retaliation to […] Read more
‘Hi, I’m a soybean’: China deploys cartoon legume to reach U.S. farmers
Reading Time: 2 minutes Beijing | Reuters –– In the tense trade war with the United States, China’s government has turned to an unlikely weapon: a cartoon bean. “Hi, everybody. I am a soybean. I may not look like much, but I’m very important,” says the animated character in a video posted on Friday on the website of China […] Read more
U.S. grains: Wheat up on technical buying, export hopes
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures sailed to their highest prices in more than a month on Friday on technical buying and expectations for increased U.S. exports as poor crop weather hurts harvests in other countries. Corn and soybean futures each advanced for the fifth straight day. Traders focused on dry weather reducing harvest […] Read more
World’s ‘affection’ for Canada will help in trade diversification: Carr
Reading Time: 2 minutes Ottawa | Reuters — There is “an awful lot of affection for Canada” around the world that will help the government’s push to diversify exports away from the United States, the country’s new trade minister said on Thursday, as ties with Washington become more strained. Winnipeg MP Jim Carr, previously the minister for natural resources, […] Read more
Chinese demand boosting Canadian wheat, barley exports
Reading Time: 2 minutes CNS Canada — China is making major moves to import more Canadian wheat and barley this year. Data released by the Canadian Grain Commission show China more than tripled its wheat imports, taking in 979,100 tonnes as of May, up from 295,300 tonnes in the same period of 2016-17 and an increase of 231.6 per […] Read more
A message from April Stewart, Country Guide's Associate Editor
