Grain trader Archer-Daniels-Midland Company (ADM) has agreed to pay a $40 million (C$54.2 million) civil penalty to settle charges from the U.S. Securities and Exchange Commission that it inflated the performance of a key business segment.
ADM to pay $40 million in U.S. SEC settlement, avoids criminal charges
Bank of Canada holds rates, says hard to predict future moves
The Bank of Canada on Wednesday held its policy rate at 2.25 per cent, as widely expected, and Governor Tiff Macklem said the high level of uncertainty made it difficult to predict when and how rates might next change.
U.S. grains: Soybean futures rise as dollar hits four-year low
Chicago | Reuters – U.S. soybean futures crept higher on Tuesday and wheat finished nearly unchanged as a sliding dollar underpinned prices. Corn futures ended slightly lower. The drop in the dollar index, which sank near a four-year low, helped to steady grain prices after a pullback on Monday, making U.S. crops look cheaper overseas,
Russia targets seeds market as traditional export customers boost grains production
Russia, the world’s largest wheat exporter, will target global markets with its seeds and technologies as its grain markets are expected to shrink with other countries raising production, Agriculture Minister Oksana Lut said on Tuesday.
China buys more Canadian canola
Chinese importers secured up to 10 Canadian canola cargoes following Prime Minister Mark Carney’s visit to Beijing earlier this month, two trade sources told Reuters.
U.S. grains: Wheat falls after hitting six-week high on U.S., Russia crop worries
Chicago | Reuters – Chicago Board of Trade wheat futures pulled back after climbing to a six-week high on Monday as worries eased about cold weather threatening U.S. and Russian crops. Corn and soybean futures also retreated from multi-week highs. Traders focused on the weather as temperatures remained frigid after a severe winter storm blasted
U.S. livestocK: CME cattle advance as brutal cold threatens herds
Chicago | Reuters – Chicago Mercantile Exchange cattle futures jumped on Monday as bitterly cold weather was expected to slow weight gain in the decimated U.S. herd, analysts said, while hog futures stormed to contract highs. U.S. cattle inventories are tight after ranchers slashed the nation’s herd to its smallest size in decades due to
Bank of Canada expected to keep rates on hold on Wednesday
The Bank of Canada is widely expected to keep its policy interest rate on hold at 2.25 per cent on Wednesday.
China says trade arrangements with Canada not aimed at third parties after U.S. tariff threat
Arrangements between China and Canada to address bilateral economic and trade issues are not targeted at any third party, the Chinese foreign ministry said on Monday, in response to a U.S. threat to impose 100 per cent tariffs on Canada if it finalizes a trade deal with Beijing.
U.S. grains: CBOT futures extend gains as cold weather hits U.S.
Chicago grain and oilseed futures rose on Friday as severe cold in U.S. and other areas of the world raised fears about damage to crops and disruptions to processing plants.
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