Currency Archives - Page 2 of 3

File photo of street food on display in Hue, Vietnam. (RomanBabakin/iStock/Getty Images)

Vietnam considers CPTPP-level tariff cuts on U.S. ag products

By Reuters, GFM Network News December 9, 2019

Hanoi | Reuters — Vietnam is considering cutting tariffs on several U.S. products, the ministry of finance said in a statement on Monday, after U.S. Commerce Secretary Wilbur Ross urged Vietnam to reduce its trade surplus during a visit to Hanoi last month. Tariffs on chicken and processed chicken meat, almonds, grapes, wheat, pork and […] Read more

A cargo ship is loaded with Brazilian soybeans bound for China. (Photo: Reuters/Paulo Whitaker)

Crops, Markets, Reuters

Trump, citing U.S. farmers, slaps metal tariffs on Brazil, Argentina

By GFM Network News December 2, 2019

Washington/Rio de Janeiro | Reuters — U.S. President Donald Trump ambushed Brazil and Argentina on Monday, announcing tariffs on U.S. steel and aluminum imports from the two countries in a measure that shocked South American officials and left them scrambling for answers. In an early morning tweet, Trump said the tariffs, “effective immediately,” were necessary […] Read more

Crops, Markets, Spring Wheat

Prairie cash wheat: Improved basis underpins bids

By GFM Network News November 29, 2019

MarketsFarm — Wheat bids in Western Canada were mostly higher during the week ended Thursday, as basis levels improved in most locations. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were mixed during the week, with a steady to softer tone in Manitoba while Saskatchewan and Alberta saw gains of $1-$3 […] Read more

ICE November 2018 canola (candlesticks) and October 2018 soybean oil (green line). (Barchart)

Canola, Crops, Markets

ICE weekly outlook: Soyoil, not weather, main influence on canola

By GFM Network News October 4, 2018

CNS Canada — Wet and snowy weather now plaguing the Prairies isn’t to blame for the canola market’s recent upswing, according to one trader. “Canola’s been firm but it really hasn’t shown any reaction whatsoever to the weather; it’s going up because bean oil’s going up and it’s lagging the bean oil gains by quite […] Read more

The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

Corn, Crops, Markets, Soybeans

CBOT weekly outlook: Corn, soy run into strengthening U.S. currency

By GFM Network News August 15, 2018

CNS Canada — The growing currency crisis in Turkey is starting to impact other economies throughout the world, and by extension commodities such as soybeans and corn. As the Turkish lira drops in value, many investors have begun to put their money into the U.S. currency. It’s a common move when markets are troubled as […] Read more

Crops, Lentils, Markets

Turkish currency crisis casts cloud over lentil exports

By GFM Network News August 14, 2018

CNS Canada — The plunging value of the lira is threatening to curb sales of Canadian lentils to Turkey — traditionally one of Canada’s biggest customers for the pulse. The Turkish lira hit a record low on Monday as soaring inflation and political turmoil sent the currency plunging relative to the U.S. dollar. At the […] Read more

People queue up outside a public supermarket’s doors in Ciudad Bolivar, Venezuela, in April 2015. (iStock/Getty Images)

Crops, Reuters

Maduro rebukes Kellogg for leaving Venezuela

By GFM Network News May 16, 2018

Caracas/Valencia | Reuters — Venezuelan President Nicolas Maduro blasted U.S.-based cereal maker Kellogg Co. on Tuesday for pulling out of the country due to the economic crisis and vowed to hand over the company’s factory to workers. At a campaign rally ahead of Sunday’s presidential election, which Maduro is expected to win, the president called […] Read more

Livestock, Reuters

U.S. makes lower trade deficit priority in NAFTA talks

By GFM Network News July 17, 2017

Washington | Reuters — The United States on Monday launched the first salvo in the renegotiation of the 23-year-old North American Free Trade Agreement (NAFTA), saying its top priority for the talks was shrinking the U.S. trade deficit with Canada and Mexico. In a much-anticipated document sent to lawmakers, U.S. Trade Representative Robert Lighthizer said […] Read more

Columns, Crops, Markets

Make sure your farm is competitive

Prairie farmers are going to have to stay on the ball to remain profitable in today’s markets

By Brian Wittal February 24, 2017

After some of my recent articles (see links at the right hand column of your screen) talking about what is happening around the world in primary agricultural production — which countries are leading the way and who we in Western Canada are going to have to compete against in the world markets — I have had […] Read more

Corn, Crops, Markets, Soybeans

Corn/soy price ratio favours soybean acres, analyst says

By GFM Network News February 1, 2017

Chatham, Ont. — Most underpinnings for higher corn, soybean and wheat prices appear to have fallen away — leaving biodiesel the only area that could drive higher prices. A growth mandate for U.S. ethanol production ends in 2017, and oil prices continue to stagnate well below the highs of a few years ago, according to […] Read more

U.S. grains: Corn rebounds from contract lows on short covering, bargain buying

U.S. livestock: Cattle futures come down from highs

Entomologist tests trap crops and marigolds to repel flea beetles at an Ag in Motion

GFM Network News