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MGEX September 2021 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines) and CBOT September 2021 wheat (black line). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Wheat climbs on stressful northern Plains weather

Chicago soybean futures sag

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Chicago | Reuters — U.S. wheat futures rose on Thursday, led by Minneapolis Grain Exchange (MGEX) spring wheat futures, which hit an 8-1/2-year high near US$9 a bushel as drought threatened crops in the northern Plains and Canadian Prairies. Soybean futures fell on disappointing domestic soy crush data and corn eased after a three-session climb. […] Read more
CBOT August 2021 soybeans with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Corn, soybeans up on weather worries

MGEX, CBOT September wheats also gain

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Chicago | Reuters — U.S. corn and soybean futures hit their highest in nearly two weeks on Wednesday as forecasts called for dry weather in the Midwest crop belt next week and continued dryness in the northern Plains, threatening crop prospects, analysts said. Chicago Board of Trade December corn settled up 18 cents at $5.58-3/4 […] Read more
(JohnnyMad/Getty Images)
Crops, Markets, Weather

Hot weather cuts into Canadian mustard crop

Price increases already noted

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MarketsFarm — Canada is looking at another small mustard crop in 2021, which should keep prices well supported for any unpriced crop, as recent heat stress cut into yields. “That was a very rough week,” said Walter Dyck, the Alberta-based general manager with Wisconsin mustard-processor Olds Products, on the late June/early July heat wave that […] Read more
A 2021 Toyota Tundra Trail edition pickup truck. (Media.toyota.ca)
General, Machinery, Reuters

Sale of new fuel-powered cars, light trucks to be banned from 2035

Interim targets to be set for 2025, 2030

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Ottawa | Reuters — Canada will ban the sale of fuel-burning new cars and light-duty trucks from 2035 in an effort to reach net-zero emissions across the country by 2050, Prime Minister Justin Trudeau’s government said on Tuesday. Only zero-emissions cars and trucks can be sold from 2035, according to a statement, adding that a […] Read more
Canada/U.S. border signage in downtown Detroit. (RiverNorthPhotography/Getty Images)
General, Markets, Reuters

Canada to lift more border restrictions in weeks to come, Trudeau says

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Ottawa | Reuters — Canada will further relax border restrictions in the weeks to come as long as the science supports such a move, Prime Minister Justin Trudeau said Wednesday, suggesting Ottawa would move more quickly than initially announced. Trudeau, under pressure to allow non-essential travel from the U.S., was more categorical than he had […] Read more
MGEX September 2021 spring wheat (candlesticks) with 20-day moving average (green line) and CBOT September 2021 wheat and corn (yellow and orange lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Wheat rallies on Plains weather concerns

Chicago soybeans, corn weaker

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Chicago | Reuters — U.S. wheat futures rose on Wednesday, led by gains in MGEX spring wheat contracts that firmed on concerns that dry conditions in key growing areas of the northern U.S. Plains and Canada could limit the size of the harvests. Soybean futures were lower as improving crop prospects in the U.S. Midwest […] Read more
File photo of a container vessel being unloaded at a U.K. port. (Sterling750/iStock/Getty Images)
General, Markets, Reuters

Britain begins negotiations to join Trans-Pacific pact

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London | Reuters — Britain will begin negotiations on Tuesday to join a trans-Pacific trade deal that it sees as crucial to its post-Brexit pivot away from Europe and toward geographically more distant but faster-growing economies. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) removes 95 per cent of tariffs between its members: Japan, […] Read more
File photo of containers at a seaport in Jakarta. (Leolintang/iStock/Getty Images)
General, Markets

Canada, Indonesia launch trade pact talks

First round of negotiations expected later this year

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Canada has formally declared it will start negotiations this year on a trade pact with Indonesia, a move ag exporters hope will stabilize and strengthen their market access to the Asia-Pacific region. Canada’s Trade Minister Mary Ng and her Indonesian counterpart Muhammad Lutfi on Sunday declared the launch of negotiations on a comprehensive economic partnership […] Read more

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