Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts moved steadily higher over the past week as grain markets reacted to a mounting trade dispute between China and the U.S. While no sanctions are yet in place, the back-and-forth sabre-rattling between the two countries now includes proposed Chinese tariffs on U.S. soybeans, which weighed heavily on […] Read more
ICE weekly outlook: Canola watching U.S./China spat
U.S. livestock: CME live cattle shrug off China beef tariff news
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle closed higher on Wednesday, after bargain buying reversed earlier losses following China’s proposed tariff increase on U.S. beef, said traders. China listed beef and other U.S. goods that may incur a 25 per cent duty by the end of May if Washington makes good on threats […] Read more
U.S. meat groups fear for market growth with China beef tariff hike
Reading Time: 2 minutes Chicago | Reuters — China’s proposal on Wednesday for tariffs on U.S. beef confirmed the worst-case scenario for the U.S. cattle industry, trade groups said Wednesday, even as they remained hopeful the dispute could be resolved quickly. China listed U.S. goods from soybeans to beef that could potentially incur a 25 per cent import tariff […] Read more
U.S. grains: Soy, corn tumble as China slaps tariffs on imports
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures tumbled two per cent on Wednesday after China readied tariffs against U.S. soy, corn, beef and other goods to retaliate against the Trump administration’s planned tariffs on Chinese exports as a trade war intensified. U.S. corn futures also fell sharply, then recovered a portion of the heavy losses. […] Read more
China retaliates for U.S. tariffs, slaps duties on soybeans
Reading Time: 4 minutes Beijing/Washington | Reuters — China quickly hit back on Wednesday at Trump administration plans to slap tariffs on US$50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, whiskey and chemicals. The speed with which the trade struggle between Washington and Beijing is ratcheting up […] Read more
U.S. livestock: More CME hog losses on China pork tariff hike
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange lean hogs on Tuesday tumbled for a second straight day, dragged down by slumping cash hog prices and China’s additional 25 per cent tariff on U.S. pork imposed on Monday, said traders. The Chinese raised duties on pork, and more than 100 other U.S. products, after the U.S. […] Read more
U.S. livestock: CME hogs limit down on China pork tariff hike
Reading Time: 2 minutes Chicago | Reuters — Some deferred-month Chicago Mercantile Exchange lean hog futures settled down their three-cent-per-pound daily price limit on Monday after China raised tariffs on U.S. pork by another 25 per cent, said traders. Late on Sunday China announced higher duties on U.S. pork and over 100 other products that went into effect on […] Read more
China slaps tariffs on U.S. frozen pork, wine
Reading Time: 2 minutes Beijing | Reuters — China has slapped extra tariffs of up to 25 per cent on 128 U.S. products including frozen pork, as well as on wine and certain fruits and nuts, in response to U.S. duties on imports of aluminum and steel, China’s finance ministry said. The tariffs, to take effect on Monday, were […] Read more
U.S. grains: Soybeans hit one-week high as trade fears ease
Reading Time: 2 minutes Chicago | Reuters — U.S. grain and soybean futures touched one-week highs on Monday as fears eased that a trade war with China will take a bite out of crop exports. The markets ultimately closed lower on technical selling and profit-taking, analysts said. However, traders were breathing easier after China’s commerce ministry on Friday did […] Read more
China should target U.S. soybeans, former finance minister says
Reading Time: < 1 minute Beijing | Reuters –– The response by China’s commerce ministry to the latest U.S trade measures is too weak, and should target U.S. soybeans, former Chinese finance minister Lou Jiwei said on Saturday. The commerce ministry on Friday unveiled a plan to levy additional duties on up to US$3 billion of U.S. imports including fruit […] Read more
A message from April Stewart, Country Guide's Associate Editor
