Markets
The trade war initiated by U.S. President Donald Trump, which led countries including China to retaliate against tariffs implemented by his administration, is favorable to Brazil, the CEO of agribusiness firm SLC Agricola said on Thursday.
Markets
Trump trade war favors Brazil’s agribusiness, grain company SLC says
China looking to Brazil as it seeks to reduce reliance on U.S. agricultural goods
China set for canola meal shortage after 100 per cent duty on top supplier Canada
China faces limited availability of meal in other markets, plans to plant more rapeseed
China is likely to face a supply shortage of canola (rapeseed) meal by the third quarter of this year as Beijing's tariffs on shipments from top exporter Canada disrupt trade and as alternative sources are unlikely to make up the deficit.
ICE Midday: Canola losses grow ahead of weekend
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market extended its tariff-related slide on Friday amidst mostly positive sentiment in comparable oils. Chicago soyoil and Malaysian palm oil are higher, while crude oil moved up partly due to a weaker United States dollar. However, European rapeseed was lower. One analyst said canola crushers could start […] Read more
Global Markets: Carney shuffles cabinet before swearing-in
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – News reports stated on Friday that incoming Canadian Prime Minister Mark Carney, who will be sworn in this morning, is set to name a greatly different cabinet from Justin Trudeau’s cabinet. Innovation, Science and Industry […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was holding relatively steady Friday morning amid ongoing tariff uncertainty. At 8:51 a.m. CDT the Canadian dollar was trading at US$0.6950 or US$1=C$1.4388 which compares with Thursday’s close of US$0.6940 or US$1=C$1.4409. Canadian manufacturing sales were up by 1.7 per cent in January to C$73.0 billion, reported […] Read more
ICE Canada Morning Comment: Facing another day of losses
Chinese, U.S. tariff threats weaken Canadian canola
By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were turning lower on Friday morning after coming out of the overnight session with gains. Over the course of this week, the May canola contract has lost $78.10 per tonne largely due to China threatening to slap 100 per cent tariffs on its […] Read more
Cattle market volatility increases as tariff uncertainty continues
Resumption of U.S./Mexico cattle trade will temper market upside
At the time of writing this article, the implementations of U.S. tariffs and Canadian retaliatory measures were delayed for 30 days. However, the threat remains. This is the wild card moving forward.
U.S. livestock: Hogs down, cattle mixed
Chicago lean hog contracts were down on Thursday, while cattle were mixed.
U.S. grains: Chicago grains, soy rebound on demand uptick, weak dollar
Chicago Board of Trade corn and soybean futures turned higher on Thursday, after private estimates for Argentina's corn and soy crops fell, analysts said.
Canadian Financial Close: C$ weakens Thursday
Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer on Thursday amid ongoing uncertainty over the escalating trade war with the United States. The Canadian dollar settled at US$0.6940 or US$1=C$1.4409, which compares with Wednesday’s close of US$0.6949 or US$1=C$1.4391. The total value of building permits issued in Canada dipped by 3.2 per cent […] Read more
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