Markets
MEXICO CITY-OTTAWA, Aug 23 (Reuters) – Mexico and Canada on Wednesday dismissed U.S. President Donald Trump’s latest threat to scrap NAFTA, describing it as a negotiating tactic aimed at winning the upper hand in talks to update one of the world’s biggest trading blocs. At a campaign-style rally in Arizona on Tuesday night, Trump cast […] Read more
Markets
Canada, Mexico dismiss Trump threats to scrap NAFTA trade pact
U.S. seeks WTO panel on China grain import quota dispute
BEIJING, Aug 24 (Reuters) – China felt “sorry” about the United States seeking a WTO dispute panel on China’s grain import quotas, a spokesperson for the Ministry of Commerce said on Thursday, Beijing’s first official response to the U.S. request to the World Trade Organization. “China feels sorry that the United States has given up […] Read more
VIDEO: Canada’s agricultural markets update – August 23, 2017
D’Arce McMillan, The Western Producer markets editor, monitors trends in the North American and global agricultural markets. Each week he hosts a market video about crops. The video is designed to help viewers understand the forces responsible for changes in the trade. If agricultural markets are important to you, we have you covered.
India monsoon running six percent behind, raising crop yield concerns
MUMBAI, Aug 23 (Reuters) – India’s country-wide rainfall deficit for the June-September monsoon season has widened to six percent as of Wednesday, the highest since the season’s start on June 1, data compiled by India Meteorological Department (IMD) showed. Rainfall in August is down nearly 20 percent from normal, raising the water deficit and stoking […] Read more
US corn and soybeans eyeing tropical storm Harvey
WINNIPEG, August 23 (CNS) – The potential for a storm in the Gulf of Mexico to bring rain to parts of the US Midwest has caught the attention of the grain and oilseed markets. “If it turns farther north and hits some of the dry spots in Indiana, Ohio and Illinois that would be a […] Read more
ICE Canada Weekly Outlook: Canola rangebound ahead of harvest
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts moved off of chart support during the week ended August 23, to hit its highest levels in two weeks. However, the market remains rangebound overall, as traders wait to get a better handle on the size of this year’s crop. With harvest operations just starting, Jamie […] Read more
CME live cattle futures resume trek to 9-month low
CHICAGO, Aug 23 (Reuters) – Chicago Mercantile Exchange live cattle futures on Wednesday hit a nine-month low for the fourth time in the past five sessions, led by seasonally soft wholesale beef demand and lower initial cash prices, said traders. Fund liquidation contributed to declines after deferred contracts slipped below key technical support levels, they […] Read more
Canola high and tight
A lack of farmer availability to get remaining canola inventories to the crushers and a steady demand pushed prices up by the end of Tuesday’s trading. However that trade was thinner overall than in previous weeks, say traders. November canola was up $1.80 per tonne to $506.80. Soybeans also supported higher canola with modest gains […] Read more
CME live cattle futures breaks 4-session losing skid
CHICAGO, Aug 22 (Reuters) – Chicago Mercantile Exchange live cattle futures on Tuesday settled higher for the first time in five sessions, spurred by short-covering and bargain buying, said traders. Some contracts punched through key technical resistance barriers, which triggered fund buying and pre-established buy orders. August ended 0.725 cent per pound higher at 106.725 […] Read more
Late-summer canola prices holding steady
If you had gone away for two weeks of summer holidays and came back Monday, you might think nothing had been happening in the market. But that would have only applied to the canola futures market, which has been relatively flat and rangebound since mid-July, with most other crops gradually trending down. “It’s certainly holding […] Read more
