By Glen Hallick
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- The United States government appears to be poised for at least a partial shutdown next week as the Senate failed to pass a stopgap funding bill, reports said on Thursday. Should the situation remain at an impasse between Democrats and Republicans, the shutdown will affect discretionary spending while mandatory programs will continue. In the meantime, the Office of Management and Budget has yet to share its contingency plans, and the Trump administration has requested federal agencies prepare for mass firings.
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- Statistics Canada reported on Thursday that the August crush came to 867,944 tonnes of canola, compared to 850,529 tonnes a year ago. For a second consecutive month StatCan didn’t include soybean numbers in the crush report to meet the confidentiality requirements of the Statistics Act. The agency also released its grain deliveries report, showing total August grain deliveries of 3.59 million tonnes, versus 4.33 million the previous August.
- The U.S. Department of Agriculture published its export sales report for the week ended Sept. 18, with wheat sales of 539,800 tonnes and those for corn at 1.92 million tonnes. Soybeans came in at 724,500 tonnes, plus soymeal at 79,600 tonnes and soyoil with net reductions of 23,300 tonnes. Again, China was largely absent from the report, having yet to openly purchase U.S. soybeans.
- Canadian Prime Minister Mark Carney is set to attend the Global Progress Action Summit in London on Thursday. In continuing efforts to diversify Canada’s foreign trade, Carney will meet with at least five other world leaders as well as energy and investment firms. In Ottawa, Opposition Conservatives criticized Carney for avoiding the House of Commons and not producing results with his foreign travels.
