By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- The United States Department of Agriculture is set to release two major reports at 11 am CDT on Monday. One will be the prospective plantings report, in which the trade projected an increase in corn acres this spring and declines in soybean and wheat acres. The Other report is the grain stocks as of March 1, with the markets expecting a drop in corn stocks from a year ago and larger soybean and wheat stocks.
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- Uncertainty remained the dominated factor on Monday regarding the next round of tariffs to be imposed by U.S. President Donald Trump come Wednesday. Initially, Trump said the tariffs would be reciprocal, but reports suggested the president could opt for levies of up to 20 per cent to placed on U.S. imports from most of its trading partners.
- AgRural placed the Brazil soybean harvest at 82 per cent finished, up 12 points from this time last year. Emater estimated the harvest of the first corn crop in the Brazilian state of Rio Grande do Sul at 69 per cent complete, with yields of 109 bushels per acre, up 24 per cent from a year ago. The Buenos Aire Grain Exchange reported the Argentine corn harvest at about 14 per cent finished, at 131.4 bu./ac., up six from last week.
- Statistics Canada reported on Monday that’s quarterly freight rails services price index increased to 129.4 points in Q1 of 2025, from 127.2 in Q1 of 2024. The index placed grain and fertilizer at 124.6 points, up from 122.4. Also, metals and minerals improved to 141.4 points compared to 137.7, and forest products rose to 135.4 from 128. Petroleum and chemicals nudged up to 128 versus 127.7, while intermodal slipped to 130.9 from 131.9.
