Canada and China have struck an initial trade deal that will slash tariffs on electric vehicles and canola, Prime Minister Mark Carney said on Friday, as both nations promised to tear down trade barriers while forging new strategic ties.
Chicago feeder cattle contracts surged on Thursday. Live cattle and lean hogs also made healthy gains. Most-active April live cattle closed at 238.425 cents a pound, up 1.100 cents. February live cattle gained 0.900 cents to settle at 236.050 cents per pound. Most-active March feeder cattle futures gained 4.850 cents to close at 364.550 cents […] Read more
Chicago | Reuters – U.S. soybean futures rose one per cent on Thursday as reminders of strong domestic demand and a surge in soyoil futures overshadowed pressure from the imminent harvest of a massive Brazilian soy crop, analysts said. Corn and wheat futures ticked lower, anchored by plentiful global grain supplies. Chicago Board of Trade […] Read more
U.S. unlikely to ask to dismantle supply management in a CUSMA review, says Canadian trade experts, but there will likely be concessions around access and tariff rate quota administration.
Confirmation of a record-large corn crop in the United States should keep feed grain bids in Western Canada under pressure in the near term, as the domestic market works to remain competitive.
Global grain production is rising faster in the 2025/26 season than previously forecast and stocks also look set to climb this season, the International Grains Council said on Thursday.
Prime Minister Mark Carney hailed on Thursday Canada’s improving ties with China as well as the leadership of President Xi Jinping. In a ‘roadmap’ agreement signed on Thursday, Canada and China committed to “maintaining open channels of communication” to resolve issues on trade in agricultural products like canola.
Chicago | Reuters – Chicago corn and soybean futures steadied on a technical bounce on Wednesday after sliding to their lowest since October this week, with traders weighing larger-than-anticipated U.S. supply forecasts, Chinese demand and crop prospects in South America. Wheat futures were little changed as the market also paused following losses triggered by U.S. […] Read more