The Trump administration on Monday urged World Trade Organization members to rethink the body’s core principle of “Most Favored Nation” bound tariff rates, arguing in a new position paper that this has led to discriminatory practices and imbalanced trade, including with China.
U.S. urges WTO members to rethink core tariff rule in face of China threat
EU crop monitor sees lower soft wheat and rapeseed yields in 2026
Crop monitoring service MARS said on Monday it expects the European Union’s average soft wheat yield to reach 5.98 tonnes per hectare this year, five per cent lower than in 2025.
China urges hog producers to manage output, vows timely reserve adjustments
China’s state planner on Friday said authorities will make timely adjustments to hog reserves and continue to strengthen the management of hog production capacity.
Unilever in talks with McCormick & Company as it seeks to sell food business
Unilever is in talks with McCormick & Company about selling its foods business, in a potential deal that would bring together the British company’s Hellmann’s and Knorr brands with McCormick’s Cholula hot sauce.
China restricts fertilizer exports, further crimping war-tightened supply
China is clamping down on fertilizer exports to protect its domestic market, a number of industry sources said, putting an additional strain on global markets that were already grappling with shortages caused by the U.S.-Israeli war on Iran.
Chicago feeder cattle gain ground as corn futures rise
Chicago Mercantile Exchange feeder cattle futures fell on Wednesday as Chicago Board of Trade corn futures gained strength.
Crop merchant Louis Dreyfus reports lower profits, higher volumes for 2025
Global agricultural commodity merchant Louis Dreyfus Company said on Wednesday it had recorded a decline in annual profit, driven by lower prices for most crops and market uncertainty arising from tariffs and economic concerns.
Bank of Canada holds rates, says it would hike them to prevent persistent inflation
The Bank of Canada on Wednesday kept its key policy rate on hold as widely expected but Governor Tiff Macklem said the central bank was ready to raise rates to prevent higher energy prices becoming persistent inflation.
Chicago cattle futures surge as corn falls, Colorado packer strikes
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Feeder cattle futures surge on lower corn prices and expected tight supplies in USDA's Cattle on Feed report as JBS workers strike in Colorado.
Gulf fertilizer plants go dark as Iran war chokes global supply ahead of spring planting
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Strait of Hormuz closure halts Gulf fertilizer production, sending urea prices surging as global spring planting season begins.
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