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Canada's International Trade Minister said on Thursday that there was interest from both sides to advance trade talks with South American bloc Mercosur, as Ottawa seeks new deals in a push to diversify from the U.S.

Canada and New Zealand have reached a “mutually satisfactory” resolution to a long-running dispute over access for dairy products, the Canadian government said in a statement on Thursday.

Western Canadian cash prices for spring wheat and amber durum were mixed during the week ended April 3. While upticks in the United States wheat complex lent support, concerns over the worldwide reciprocal tariffs announced by President Donald Trump on April 2 generated a lot of uneasiness in the markets.

Chicago corn and soybean futures ended lower on a volatile day of trading Tuesday, as U.S. farmers raced to plant their fields and investors bemoaned a lack of fresh news over the U.S.-China trade war, traders said.

Chicago Board of Trade corn futures turned higher on Wednesday after favorable U.S. crop conditions pushed prices to contract lows.

Chicago Board of Trade front and back-month corn futures notched lifetime lows on Wednesday on expectations of a hefty Brazilian corn crop and a lack of weather threats for the large U.S. corn crop that has recently been seeded, traders said.

A lack of significant news has prevented canola prices at the Intercontinental Exchange to break out of its recent trading range to start 2025.

The New Year still hasn’t whetted the appetite for corn from the United States to Alberta feedlots. 

Futures for soybeans and corn on the Chicago Board of Trade are set to rise for two reasons, said Steve Georgy, president of Allendale Inc. in McHenry, Illinois — the planting progress being made by United States farmers and "seasonality"

U.S. wheat futures closed higher on Thursday on concerns over the limited availability of supplies for export in Russia, analysts said.