The Bank of Canada on Wednesday kept its key policy rate on hold as widely expected but Governor Tiff Macklem said the central bank was ready to raise rates to prevent higher energy prices becoming persistent inflation.
Bank of Canada holds rates, says it would hike them to prevent persistent inflation
Chicago cattle futures surge as corn falls, Colorado packer strikes
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Feeder cattle futures surge on lower corn prices and expected tight supplies in USDA's Cattle on Feed report as JBS workers strike in Colorado.
Gulf fertilizer plants go dark as Iran war chokes global supply ahead of spring planting
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Strait of Hormuz closure halts Gulf fertilizer production, sending urea prices surging as global spring planting season begins.
U.S., China discuss farm goods, managed trade in ‘remarkably stable’ Paris talks, sources say
Top U.S. and Chinese economic officials held “remarkably stable” talks in Paris on Sunday that touched on potential areas of agreement in agriculture, critical minerals and managed trade for U.S. President Donald Trump and Chinese President Xi Jinping to consider in Beijing, two sources familiar with the talks said.
Canada’s annual inflation rate eases to 1.8 per cent in February ahead of expected energy shock
Canada’s annual inflation rate fell to 1.8 per cent in February, after prices in the same period a year ago had risen sharply when the government’s sales tax relief ended, Statistics Canada said on Monday.
U.S. farmers rush to sell crops as Iran war fuels rally
U.S. grain prices have surged since the Iran war began, triggering a flurry of corn and soybean sales by farmers who squirreled away last year’s harvests due to weak prices.
China taps fertilizer reserves as Hormuz closure disrupts global supply
China will release fertilizers from national commercial reserves ahead of spring planting, it said on Friday, as the effective closure of the Strait of Hormuz due to the conflict in the Middle East disrupts global supplies.
U.S. facing headwinds in trade negotiations with Canada, U.S. ambassador says
U.S. Ambassador to Canada Pete Hoekstra said Washington wants to renew the Canada-U.S.-Mexico trade pact but faces resistance from Canada, underscoring uncertainty as a mandatory July 1 review approaches.
Expana cuts EU wheat, barley export outlook due to Middle East war
Consultancy Expana lowered its forecast for European Union soft wheat exports in the 2025/26 season for a fifth consecutive month after reducing projected wheat and barley shipments to the Middle East due to the war in the region, it said on Thursday.
Canada’s trade deficit widened in January, missing consensus estimates
Canada’s trade deficit in January surprisingly widened as exports fell more than imports, led by a meaningful drop in shipments of motor vehicles and parts, data showed on Thursday.