Chicago Board of Trade soybeans ended lower on Monday, as prices were weighed down by weakness in the oil market and traders' concern over Chinese deflation, market analysts said.
Daily news
U.S. grains: Soybean futures fall on weakness in oil market, China deflation worries
U.S. livestock: Cattle futures mostly higher
Chicago Mercantile Exchange cattle futures were mostly higher on Monday as tight supply fundamentals supported prices.
Pulse Weekly: China includes peas in tariff threat
India extends duty-free period on yellow pea imports
Canadian yellow peas were hit with bad news on March 7, but the pulse received good news on March 10. In the bad news, China announced that Friday it's prepared to impose 100 per cent tariffs on its pea imports from Canada effective March 20, as well as imports of canola oil and canola meal. Plus there are to be 25 per cent levies on imports of Canadian pork and aquatic products.
Chinese rapeseed meal, oil contracts surge after tariffs on Canadian imports
Zhengzhou rapeseed (canola) meal and oil contracts jumped on Monday, the first day of trade since China decided to impose 100 per cent tariffs on imports of those agricultural products from Canada.
American farmers put plans, investments on hold under Trump USDA spending freeze
Farmers and food organizations across the country are cutting staff, halting investments and missing key funding amid a USDA freeze on a broad swath of grants, more than two dozen farmers and agricultural support groups in seven states told Reuters.
China hits back at Canada with fresh agriculture tariffs
China announced tariffs on over $2.6 billion worth of Canadian agricultural and food products on Saturday, retaliating against levies Ottawa introduced in October and opening a new front in a trade war largely driven by U.S. President Donald Trump's tariff threats.
New Chinese tariffs “devastating” to Canadian ag sector
Ag groups decry latest trade action
A new trade war front opened over the weekend as China announced stiff tariffs on Canadian canola oil, meal, peas, pork and other commodities late Friday. Canadian industry groups decried the move and are calling on the federal government to intervene.
Carney election could change agriculture priorities ahead of federal election
New federal Liberal party head pledged to cancel capital gains hike, carbon price, but term may be short-lived
Mark Carney has been elected as leader of the Liberal Party of Canada and will become the next Prime Minister of Canada. Carney’s victory was certified Sunday evening, as the former Bank of Canada governor took 85 per cent of the vote among Liberals
U.S. grains: Corn futures end higher, extending rally on tariff relief
Chicago Board of Trade corn futures rose for a third straight session on Friday as news of exemptions for Mexico and Canada to most U.S. tariffs allowed grain prices to stabilize after a plunge early this week.
Tariffs – where do we stand now?
As of March 7, goods under CUSMA were exempted from U.S. tariffs until April 2. Canadian tariffs on $30 billion of American goods remained in place.
Cyber-Savvy Farmer
