Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.
- China does not share Canadian values when it comes to trade, said Prime Minister Mark Carney at a press conference Wednesday, noting that Canada should be careful when trading with the country.
- The threat of tariffs imposed by the United States on any nations buying crude oil from Venezuela underpinned global energy markets on Wednesday, with tightening U.S. inventories also underpinning values.
- S. grain and oilseed markets were mostly higher to start the day, with positioning ahead of next week’s acreage estimates from the U.S. Department of Agriculture behind some of the activity. However, ongoing progress towards a ceasefire between Russia and Ukraine did limit the upside in wheat.
- Palm oil futures were up with end user bargain hunting after recent losses on Wednesday. Indonesia, the world’s largest palm oil producer, announced it would hand over more confiscated land to a newly created state company — Agrinas Palma Nusantara. After facing criticism over deforestation, the country has seized hundreds of thousands of acres from illegal plantations.
- The offices of Russian farm company Rusagro were raided by police on Wednesday, with the searches reportedly linked to an embezzlement investigation into its billionaire founder Vadim Moshkovich.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
