By Glen Hallick
Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- Saskatchewan Premier Scott Moe is set to meet with federal Agriculture Minister Heath MacDonald in Saskatoon on Thursday. They will discuss China’s recent tariffs on Canadian canola seed along with Saskatchewan Agriculture Minister Darryl Harrison and Kody Blois, the parliamentary secretary for Prime Minister Mark Carney. Last week, China slapped a 75.8 per cent levy on the oilseed following its investigation into allegations of Canada dumping canola. That investigation started after Ottawa imposed 100 per cent duties on Chinese made electric vehicles.
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- Day three of the Pro Farmer crop tour made its way through Illinois and Iowa on Wednesday. Corn yields for Illinois were pegged at 199.57 bushels per acre, down slightly from last year. However, those yields were stronger in Iowa at 197.89 to 207.25 bu./ac. depending on the district. As for soybean pod counts, those in Illinois were a pinch higher at 1,479.22 per square yard. In Iowa, the pod counts ranged from 1,279.25 to 1,562.54.
- The International Grains Council released its monthly supply and demand report on Thursday. The IGC raised world grain production for 2025/26 from 2.38 billion tonnes in July to more than 2.40 billion. Total wheat production was bumped up three million tonnes at 811 million, and global soybean output was raised by two million tonnes at 430 million.
- The Jackson Hole Economic Policy Symposium is set to start on Thursday, with speculation this could be the last one for Jerome Powell, the chair of United States Federal Reserve Chair. Powell’s term expires in May and President Donald Trump has suggested he won’t extend it. The symposium is expected to focus on the labour market and what the Fed might do with its key interest rates next month.
