Reading Time: 2 minutes CNS Canada — Soybean futures at the Chicago Board of Trade look technically bearish, one U.S. analyst says, but spec-longs may keep support in the market. Corn futures, meanwhile, are expected to continue in a rangebound trend. “Corn is still basically in a trading range; it doesn’t excite people. Beans, they’re all over the place,” […] Read more
CBOT weekly outlook: Technicals trump recent support in soy
Klassen: Feeder cattle prices climbing
Reading Time: 2 minutes Western Canadian feeder cattle markets were trading $5-$7 above week-ago levels, with higher-quality cattle trading as much as $10 higher. It’s difficult to quarrel with one’s bread and butter; feedlot margins are now in positive territory and cattle feeders are keen on ownership with the positive outlook into the March timeframe. Feature presort calf sales […] Read more
Guenther: Canada’s beef export sector waiting, watching
Reading Time: 3 minutes As speculation swirls around U.S. President-elect Donald Trump’s promise to renegotiate NAFTA, officials with Canada’s beef industry are taking a measured approach. They’re not ignoring the possibility of trade disruptions in the U.S., said Ryder Lee, CEO of the Saskatchewan Cattlemen’s Association — “but neither are we lighting our hair on fire yet at each […] Read more
Trump pledges U.S. withdrawal from TPP on ‘day one’
Reading Time: 2 minutes U.S. President-elect Donald Trump has pledged to start the United States’ exit from the 12-nation Trans-Pacific Partnership (TPP) trade deal on “day one” of his administration in January. In a video released Monday, Trump said his transition team had been directed to put together “a list of executive actions we can take on day one” […] Read more
U.S. grain exports slide after Trump win batters peso
Reading Time: 2 minutes Chicago | Reuters — Mexican demand for U.S. grain imports has slumped along with the country’s sinking peso as buyers withdrew from the market amid soaring costs in the week since Donald Trump won the U.S. presidential election, traders and industry analysts said. Corn prices in pesos jumped more than 10 per cent overnight for […] Read more
Canada expects Britain to be part of CETA
Reading Time: 2 minutes London | Reuters –– Canada expects Britain to be part of the CETA trade deal between Canada and the European Union, and stands ready to work with Britain on how the system will function after Brexit, Finance Minister Bill Morneau told BBC radio on Wednesday. He also defended Canada’s NAFTA trade deal with the U.S. […] Read more
Cattle producers urge trade fight if Trump revives COOL
Reading Time: 2 minutes Winnipeg | Reuters — Canadian cattle producers will urge Ottawa to retaliate against the U.S. if the incoming Trump administration imposes a meat labelling program it views as discriminatory, restarting a six-year trade battle, an industry group said on Wednesday. U.S. news network CNN reported on Tuesday that a memo drafted by President-elect Donald Trump’s […] Read more
Ignoring Trump, UN talks seek to turn climate pledges into action
Reading Time: 2 minutes Morocco/Reuters – Almost 200 nations began work on Monday to turn promises for fighting climate change into action at a UN conference that played down threats to a 2015 global agreement if Republican Donald Trump wins the U.S. presidency. At the start of two-week talks in Morocco, many delegates wore badges with a smiling picture […] Read more
NAFTA negotiators see gains for Canada if pact reopened
Reading Time: 2 minutes Reuters — Canada, fearful of talk by the U.S. presidential candidates to reopen the North American Free Trade Agreement, could use the opportunity to push for a better deal on worker mobility, dispute resolutions and other issues, Canadian negotiators of the original pact said. Republican Donald Trump calls NAFTA the worst trade deal signed by […] Read more
Trump biofuel proposals echo those of backer Icahn
Reading Time: 2 minutes New York | Reuters — Republican Presidential candidate Donald Trump on Thursday appeared to weigh into a debate over a controversial U.S. biofuels program with a proposal that would back the position of billionaire investor Carl Icahn, one of his wealthiest backers. In a factsheet on economic policy, the Trump campaign slammed a system of […] Read more
A message from April Stewart, Country Guide's Associate Editor
