Reading Time: 2 minutes Beijing/Chicago | Reuters — China’s threat of steep tariffs on U.S. pork imports knocked down U.S. hog futures prices and shares of producers on Friday, while increasing fears of hard times for farmers already facing weaker demand from the world’s top buyer of the meat. U.S. farmers have worried for months that rising trade tensions […] Read more
U.S. pork to feel further chill from China tariff threat
U.S. grains: Soybeans end lower in volatile session
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures closed mostly lower on Friday after a wild session that saw the May soybean contract tumble to its lowest in over a month on worries about trade tensions, only to pare losses and briefly turn higher in late moves as soymeal soared. Corn closed modestly higher after notching […] Read more
U.S. livestock: CME hogs slump again on cash prices, trade war threat
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hogs fell on Friday for a second straight day, hit by recent cash hog price weakness and mounting worries about a potential trade war between the U.S. and China, traders said. Beijing said Friday it was considering imposing an additional tariff on U.S. products including an extra […] Read more
U.S. livestock: Trade war risk slams CME hogs
Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange lean hogs hit a four-month low on Thursday as U.S. stocks plummeted amid fears of a potential trade war between the U.S. and China, said traders. On Thursday U.S. President Donald Trump signed a presidential memorandum that could impose tariffs on up to $60 billion of imports from […] Read more
U.S. grains: Wheat rebounds after weather-driven selloff
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures firmed Thursday on bargain-buying a day after forecasts for much-needed moisture pressed the Kansas City May hard red winter wheat contract to a seven-week low, traders said. Corn futures closed modestly higher while soybeans ended mostly steady. Chicago Board of Trade May wheat futures settled up 2-1/4 cents […] Read more
Deere fears hit from Trump tariffs, retaliation
Reading Time: 2 minutes Granadero Baigorria, Argentina | Reuters — U.S. tractor maker Deere and Co. is bracing for a negative financial impact from U.S. tariffs on steel imports and worries that retaliatory tariffs on American agricultural exports could follow, CEO Samuel Allen told Reuters in an interview Wednesday. The 25 per cent tariffs, which U.S. President Donald Trump […] Read more
Trudeau optimistic on NAFTA as deal on autos seen possible
Reading Time: 2 minutes Ottawa | Reuters — Canadian Prime Minister Justin Trudeau said Wednesday for the first time that a deal to renegotiate NAFTA was likely, amid signs negotiators may be closer to settling one of the regional trade pact’s most contentious issues. “We remain very confident that a win-win-win deal is not only possible, but likely,” Trudeau […] Read more
U.S. grains: Soy tumbles on acreage outlook
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures tumbled on Wednesday, pressured by technical selling and outlooks for record-large U.S. plantings this year, traders and analysts said. Chicago Board of Trade May soybean futures dropped 16-1/2 cents, or 1.7 per cent, to $10.32-1/4 per bushel (all figures US$). Prices accelerated declines at late-morning after advisory service […] Read more
U.S. farm group targets Trump with free-trade ads
Reading Time: 2 minutes Washington | Reuters — A farm lobbying group is spending US$500,000 to air television ads on channels near U.S. President Donald Trump’s home in Florida to encourage free trade, with the group worried recent metal tariffs could result in retaliation against U.S. agricultural goods. Farmers for Free Trade, a bipartisan group, on Tuesday said it […] Read more
Pulse weekly outlook: India not a guaranteed market
Reading Time: 2 minutes CNS Canada — Despite positive developments between Canada and India in regards to pulse crops, the CEO of Pulse Canada is warning producers not to rely on India as market for pulses. “India is not the market that it was eight months ago and it emphasizes the need to find alternate markets,” Gordon Bacon said. […] Read more
A message from April Stewart, Country Guide's Associate Editor
