OTTAWA (Reuters) —Prime Minister Justin Trudeau urged U.S. President Donald Trump not to withdraw from NAFTA in a call on Wednesday, saying such a move would be counter-productive, a Canadian source familiar with the matter said today. Trudeau made the comments after Trump told him he was thinking about pulling out of the North American […] Read more
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IGC raises forecasts for global corn and wheat crops
LONDON, April 27 (Reuters) – The International Grains Council on Thursday raised its forecasts for the 2017-18 world corn and wheat crops but both remained below the prior season and a drawdown in stocks was anticipated. The IGC, in a monthly report, raised its forecast for the 2017-18 global grains crop by 4 million tonnes […] Read more
C$ recovers as Trump says NAFTA renegotiation ‘very possible’
TORONTO, April 27 (Reuters) – The Canadian dollar hit a 14-month low on Thursday before recovering to edge higher against the U.S. dollar after U.S. President Donald Trump told Canada and Mexico that renegotiating the North American Free Trade Agreement was “very possible.” At 9:42 a.m. ET, the Canadian dollar was trading at C$1.3607 to […] Read more
Anxiety, uncertainty and perplexity: the mood in Washington this week
Is he actually going to do these things? Does he even understand them? Will we get anything done? Those questions seemed to be swirling around the Washington, D.C. agriculture and trade policy community this week as I and a group of agricultural journalists met with congressmen and farm policy experts in the U.S. capital. Anxiety, […] Read more
Canola up on planting woes, market eyes weather, trade policy
Canola futures rose on Wednesday, boosted by short-covering and concerns about wet soil conditions as Prairie farmers try to start their planting season. Technical buying supported the most active July contract, but it was partly offset by farmer selling to commercial buyers. May canola gained $8.90 to close at $530.40 per tonne, boosted by short-covering […] Read more
Major beef supplier Cargill to exit U.S. cattle-feeding business
By Tom Polansek and Theopolis Waters CHICAGO, April 26 (Reuters) – Cargill Inc. said on Wednesday it will exit the business of feeding cattle to direct capital toward other investments, the latest transformation for the global commodity trader. Minnesota-based Cargill struck a deal to sell its last two feed yards to ethanol producer Green Plains […] Read more
O’Leary withdraws from Conservative Party race
By Andrea Hopkins OTTAWA, April 26 (Reuters) – The front-runner in the race for the next leader of Canada’s Conservatives dropped out on Wednesday mere hours before the final televised debate, stunning party insiders. Reality TV star and venture capitalist Kevin O’Leary said he was withdrawing from the 14-way contest to replace former Prime Minister […] Read more
White House readies order to quit NAFTA
UPDATE: President Donald Trump’s tweets later in the day appear to have altered the focus of the administration’s attitude toward NAFTA. Trump says NAFTA deal with Canada, Mexico, is ‘very possible’ WASHINGTON, April 27 (Reuters) – U.S. President Donald Trump said on Thursday that renegotiating the North American Free Trade Agreement with neighboring Canada and […] Read more
CME live cattle, hog futures extend gains Thursday am
CHICAGO, April 26 (Reuters) – Chicago Mercantile Exchange live cattle buying on Tuesday carried over into Wednesday, led by brisk wholesale beef demand and futures’ discounts to expectations for cash prices this week, said traders. At 9:53 a.m. CDT April, which will expire on Friday, was 1.450 cents per pound higher at 131.275 cents, and […] Read more
DuPont profit beats on strong seed demand
April 25 (Reuters) – Chemicals and seeds producer DuPont , which is merging with Dow Chemical Co, reported a better-than-expected profit for the seventh straight quarter, helped by a rise in seed sales, sending its share up 3.5 percent. DuPont, which is merging with Dow Chemical Co, continues to expect to close its merger in […] Read more
