By Glen Hallick
Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.
- China took issue with the United States on Thursday, clarifying there are no ongoing trade talks to resolve the high tariffs the two countries have on each other. The statement came after U.S. President Donald Trump and Treasury Secretary Scott Bessent suggested there might be an easing of tensions with China. “If the U.S. really wants to resolve the problem … it should cancel all the unilateral measures on China,” a Chinese Ministry of Commerce official retorted.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- Statistics Canada reported on Thursday there was a 12.9 per cent decline from a year ago in the volume of cargo carried by Canadian railways in February. The month’s 26.70 million tonnes is the lowest amount since 2019 and below the five-year average for February of 28.20 million tonnes. The decline was led by reduced amounts of iron ore, wheat and potash. StatCan said there were increases in oilseeds, animal feed and products, nuts and other agricultural products. U.S.-bound freight fell 27.2 per cent February-to-February, with the 2.7 million tonnes the smallest amount for the month in eight years.
- Rapeseed yields in the European Union are to increase nine per cent in 2025/26 from the previous year, the MARS crop monitoring service said this week. MARS forecast the yield at 3.20 tonnes per hectare. The service increased its projection on soft wheat yields by eight per cent at 6.03 t/ha. MARS also reported the plantings of corn, sunflower, barley and sugar beets were almost complete.
- The U.S. Department of Agriculture issued its export sales report for the week ended April 17 on Thursday. Wheat incurred a net reduction of 145,000 tonnes of old crop but new crop sales were nearly 372,000 tonnes. Corn export sales tallied 1.15 million tonnes of old crop and those for soybeans amounted to 277,000 tonnes. Soymeal sales were just short of 171,000 tonnes of old crop plus 5,300 of new crop, while soyoil came to 12,400 tonnes of old crop.
