Canada offered tariff relief on some steel and aluminum products imported from the U.S. and China, a government document showed, in efforts to help domestic businesses battered by a trade war on two fronts.
Analysts have raised their estimates for Australia’s wheat harvest, a Reuters poll showed, as better-than-expected yields in western cropping regions boosted the production outlook despite losses caused by dry conditions in parts of the south.
China imported no soybeans from the U.S. in September, the first time since November 2018 that shipments fell to zero, while South American shipments surged from a year earlier, as buyers shunned American cargoes during the ongoing trade dispute between the world’s two largest economies.
Australia’s weather bureau is not convinced that a La Nina weather pattern is forming that could change rainfall patterns and bring wilder weather to parts of the Americas, Asia and Oceania, affecting crop production.
U.S. corn futures extended gains into a fourth session on Friday and posted the first weekly rise in a month as slow farmer sales of newly harvested grain and reports of lower-than-expected harvest yields supported the market.
France imposed a ban on cattle exports and events such as bullfighting, the agriculture ministry said on Friday as it tries to contain the highly contagious lumpy skin disease sweeping through farms in the country for the first time.
Senior Canadian and Chinese officials discussed bilateral trade disputes involving canola and electric vehicles on Friday, Ottawa said, but gave no indication of any immediate breakthrough.
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures climbed to fresh contract highs on Thursday as a firm cash market and stabilizing beef prices supported the market, analysts said. Feeder cattle were flat to higher, with nearby contracts consolidating after recent strong gains, although the market remains well supported by tight supplies. Beef […] Read more
U.S. corn futures rose for a third straight day on Thursday and hit a 1-1/2 week high on reports of lower-than-expected harvest yields in some areas of the Midwest and forecasts for rain that could delay further field work.