OTTAWA – Canadian producer prices fell by 1.4 percent in June, the biggest decline in nearly two years, on lower prices for energy and petroleum goods, Statistics Canada data showed on Wednesday. Analysts in a Reuters poll had predicted a decline of 0.1 percent in June following an initially reported boost of 0.1 percent in […] Read more
Daily news
Energy prices, trade tensions weigh on Canada producer prices
Major Indian farm union cautions gov’t over China-backed trade deal
NEW DELHI, (Reuters) – A leading Indian farmers’ organization on Wednesday warned the government against joining a major 16-member Asia-Pacific trade pact that the union fears could spur imports of cheaper produce, undermining its agricultural sector. A team of top Indian government officials will be in Beijing between Aug. 2 and 3 to negotiate the […] Read more
U.S., China to keep talking on trade after little progress in Shanghai
SHANGHAI/WASHINGTON, (Reuters) – U.S. and Chinese negotiators ended a brief round of trade talks on Wednesday with little sign of progress and agreed to meet again in September, prolonging an uneasy truce in a year-long trade war between the world’s two largest economies. The talks were the first face-to-face meetings since U.S. President Donald Trump […] Read more
Bunge posts profit on South America, gain from Beyond Meat investment
CHICAGO, (Reuters) – Agricultural commodities trader Bunge Ltd swung to a profit in the second quarter from a year-ago loss, helped by improved results at its South American operations. Bunge also reported an unrealized gain from the company’s stake in Beyond Meat Inc, meaning it could profit from the plant-based burger venture if it sells […] Read more
ICE canola futures drop for third day as U.S.-China talks end without deal
WINNIPEG, Manitoba, (Reuters) – ICE canola futures dropped on Wednesday for the third straight day, in sympathy with soybeans after U.S. and Chinese negotiators wrapped up trade talks without a deal. Negotiators put off their next meeting until September, extending an uneasy truce between the world’s two largest economies. Expectations for a decent Canadian canola crop overhang prices, but […] Read more
Trump says he will seek U.S. trade accord with Brazil
WASHINGTON/BRASILIA/SAO PAULO, (Reuters) – President Donald Trump on Tuesday said he will pursue a U.S. trade agreement with Brazil, suggesting a friendly relationship with President Jair Bolsonaro could help lower trade barriers between the two biggest economies in the Americas. “We’re going to work on a free trade agreement with Brazil,” Trump told reporters at […] Read more
ICE canola futures drift lower with U.S. crops
WINNIPEG, Manitoba, (Reuters) – ICE canola futures slipped on Tuesday, drifting lower with U.S. crop markets. Canada’s canola crop looks to be in decent shape, leading to sideways trading until an Aug. 12 U.S. government crop report, a trader said. November canola shed $1 to $448.40 per tonne. November-January canola spread traded 2,106 times. Chicago […] Read more
Fertilizer dealer Nutrien sees big corn comeback in 2020, following U.S. floods
WINNIPEG, Manitoba, (Reuters) – Fertilizer producer and farm supply dealer Nutrien Ltd expects U.S. farmers to plant as many as 95 million acres (38.5 million hectares) of corn next year, the most in seven years, after a frustrating year of floods, its chief executive said. The wet conditions left millions of acres unplanted across the […] Read more
Bayer cancels plans to sell U.S. crop product in 2020 over safety concerns
CHICAGO, (Reuters) – Bayer AG has scrapped plans for wide sales next year of a chemical that is intended to protect U.S. crops from yield-robbing worms, citing ongoing safety concerns. The decision is the latest setback for Germany-based Bayer following its acquisition of Monsanto for $63 billion in 2018. Bayer is separately battling thousands of […] Read more
Bulk of Trump’s U.S. farm aid goes to biggest and wealthiest farmers -advocacy group
WASHINGTON, (Reuters) – More than half of the Trump administration’s $8.4 billion in trade aid payments to U.S. farmers through April was received by the top 10 percent of recipients, the country’s biggest and most successful farmers, a study by an advocacy group showed on Tuesday. Highlighting an uneven distribution of the bailout, which was […] Read more
