Markets
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.
Markets
Chinese rapeseed meal, oil contracts surge after tariffs on Canadian imports
ICE Midday: Chinese tariffs sink canola
Glacier FarmMedia | MarketsFarm – The ICE Futures canola market plummeted on Monday after China announced late Friday it will place 100 per cent tariffs on Canadian canola oil, meal and peas, as well as a 25 per cent duty on Canadian aquatic products and pork. The tariffs are retaliation for those placed by Canada on […] Read more
Global Markets: Carney to become next Prime Minister
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Former Bank of Canada governor Mark Carney was elected leader of the federal Liberal Party on Sunday, winning all 343 ridings and receiving 85.9 per cent support in a ranked ballot. Carney, who does not […] Read more
Canadian dollar and business outlook
Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly weaker Monday morning, amid ongoing uncertainty over tariffs from both China and the United States. At 8:45 a.m. CST the Canadian dollar was trading at US$0.6930 or US$1=C$1.4430 which compares with Friday’s close of US$0.6958 or US$1=C$1.4371. The Bank of Canada is scheduled to make […] Read more
ICE Canada Morning Comment: Canola tumbles on China’s tariff plans
China retaliates against levies on its EV's, steel, aluminium
By Glen Hallick Glacier Farm Media MarketsFarm – China lowered the boom on Canadian canola over the weekend which sent Intercontinental Exchange canola futures plummeting on Monday morning. In retaliation for the Canadian government imposing a 100 per cent tariff on imports of Chinese-made electric vehicles along with 25 per cent levies on its steel […] Read more
Tariffs not on U.S. rancher radar
Cattle groups take their advocacy directly to U.S. livestock producers
Glacier FarmMedia — The Canadian Cattle Association says the threatened 25 per cent tariffs would cut Canadian wholesale beef prices by 13 per cent, but effects would be tempered slightly by a low Canadian dollar. “Obviously a huge blow to the benchmark beef price,” CCA vice-president Tyler Fulton says. “I think many of us would […] Read more
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.
Canadian Financial Close: Loonie turns lower
Trump looking to tariff Canadian dairy, lumber
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar pulled back on Friday, giving up the previous day’s gains. The loonie closed Friday at US$0.6958 or US$1=C$1.4371, compared to Thursday’s finish of US$0.6989 or US$1=C$1.4309. On the U.S. Dollar Index, the greenback stepped back 0.238 of a point at 103.445. United States […] Read more
U.S. livestock: Cattle futures climb to end week
Cattle and hog prices at the Chicago Mercantile Exchange on Friday showed increases of varying degrees. United States President Donald Trump announced on Thursday that certain imports from Mexico which fall under the Canada-U.S.-Mexico Trade Agreement will see tariffs delayed until April 2. Canada was also included in the official amendment after the markets closed. […] Read more
Prairie Wheat Weekly: Prices either side of steady
Trump tariffs pressuring U.S. wheat prices
Western Canadian cash prices for spring wheat and amber durum were mixed during the week ended March 6. Declines in the United States wheat complex weighed on Prairie cash prices, as did a stronger Canadian dollar.
Cyber-Savvy Farmer
