Canadian farmers made heavy deliveries of grains and oilseeds off the combine and into the commercial pipeline this September, with total deliveries of the major crops up 13.3 per cent from the same month the previous year, reported Statistics Canada.
U.S. Treasury Secretary Scott Bessent said on Thursday that China has agreed to buy 12 million metric tons of American soybeans during the current season through January and has committed to buying 25 million tons annually for the next three years as part of a larger trade agreement with Beijing.
Prime Minister Mark Carney will meet with Chinese President Xi Jinping on Friday afternoon in South Korea, the prime minister’s office said on Thursday.
Chicago cattle futures regained ground on Wednesday after falling off a cliff late last week. Most-active December live cattle contracts closed at 230.900 cents a pound, up 4.325 cents. February futures settled at 229.450 cents, up 5.350 cents per pound. Most-traded January feeder cattle futures gained 9.150 cents to close at 334.025 cents per pound. […] Read more
Chicago Board of Trade soybean futures hovered near a 15-month high on Wednesday after trade sources said China made its first purchases from the autumn U.S. harvest ahead of a summit between leaders Donald Trump and Xi Jinping.
With harvest pressure on canola over, the Canadian oilseed could track higher until spring, said David Derwin, commodity futures advisor for Ventum Financial in Winnipeg, Man. Although he cautioned there will be some rough patches along the way.
The 2025 crop year was an average year for hail across the Canadian Prairies, with overall claim numbers down slightly compared to last year, reported the Canadian Crop Hail Association (CCHA).