Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.
- The United States and United Kingdom have reached a “full and comprehensive” trade deal, said President Donald Trump on social media. Details were not immediately available and were being released later in the morning.
- A successor to Pope Francis has still not been found after three rounds of conclave voting. A new pope requires a two-thirds majority from the 133 cardinals sequestered in the Sistine Chapel. Two more votes are possible Thursday. The release of white smoke from the chapel’s chimney will signal that a new leader of the Catholic Church has been selected.
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By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets…
- Canadian canola stocks as of March 31 were down 38.7 per cent year-over-year, coming in at 5.9 million tonnes, reported Statistics Canada. Wheat stocks were down 1.2 per cent at 15.4 million tonnes.
- Soybean and wheat futures in the U.S. were steady to higher, while corn was mixed in early trade. Planting weather across the Midwest remains relatively favourable, which should limit any major shifts from corn back into soybeans. The U.S. Department of Agriculture releases updated supply/demand estimates on Monday, with pre-report positioning a feature.
- Malaysian palm oil moved higher on Thursday, with speculative short covering underpinning the market after values hit their weakest levels in eight months.
