Chicago soybean prices rose on Wednesday, recovering some of the previous session’s losses, as Beijing’s confirmation that it was cutting tariffs on U.S. farm goods put attention back on a trade truce between the countries.
Cattle futures on the Chicago Mercantile Exchange were down by their daily limits on Wednesday, with speculative long liquidation a feature. The December live cattle contract lost 7.250 cents per pound at 220.525 cents. Feeder cattle were down 9.250 cents in the January contract at 319.975 cents per pound. U.S. Agriculture Secretary Brooke Rollins met […] Read more
The 2025 federal budget took a step forward in recognizing agriculture’s importance but failed to address pressing challenges like labour disruptions, interswitching and precision technology, say Canadian farm groups.
Cash prices for spring wheat and durum across the Canadian Prairies were mostly higher during the week ended Nov. 4. As Minneapolis spring wheat stepped back, there was a modest increase in Kansas City hard red while Chicago soft red was up sharply.
China will suspend retaliatory tariffs on U.S. imports, including duties on farm goods, after last week’s meeting of the two countries’ leaders, Beijing confirmed on Wednesday, but imports of U.S. soybeans still face a 13 per cent tariff.
Bunge Global topped Wall Street estimates for third-quarter adjusted profit on Wednesday with the closing of its acquisition of Viterra in July boosting volumes as oilseed processing margins improved, sending shares up 2.6 per cent.
For the upcoming forecast period, a large area of low pressure remains anchored off the British Columbia coast, a strong low spins over the Atlantic coast and another, weaker low lingers near Hudson Bay. Between these systems, the flow across the Prairies is largely zonal, meaning it moves west to east with little north–south movement. That pattern will help usher a few weak disturbances across the region during the next several days.
U.S. soybean futures fell on Tuesday, retreating from a 16-month high hit a day earlier, as traders awaited Chinese purchases of U.S. cargoes following last week’s trade truce agreed by the world’s two largest economies.