The Canadian Food Inspection Agency (CFIA) temporarily suspended U.S. imports from regions with Vesicular Stomatitis Virus (VSV)outbreaks, impacting cross-border horse, swine, and ruminant movement.
Canadian canola futures are poised to slip back in the short term, although the oilseed could climb slowly higher in the long term, said Jamie Wilton, trader with R.J. O’Brien in Winnipeg, Man.
President Donald Trump’s administration is considering delaying for one or two years its proposed cuts in incentives for imported biofuels amid pressure from U.S. refiners who argue the move could raise costs and tighten fuel supplies, according to two sources familiar with the matter.
China bought at least 14 cargoes of U.S. soybeans on Monday, two traders with knowledge of the deals said, its largest purchase since at least January and the most significant since a summit between President Donald Trump and President Xi Jinping in October.
A coalition of 12 Canadian Agri-food industry groups travelled to Washington this week for discussions with American officials and agriculture groups about the Canada-U.S.-Mexico Agreement (CUSMA).
Canada’s annual inflation rate in October eased to 2.2 per cent as gasoline prices dropped, food prices eased and mortgage interest costs came down below the three per cent mark, data showed on Monday.
Soybean and corn yields in the United States were revised downward from earlier estimates in updated supply/demand tables from the United States Department of Agriculture released Nov. 14.