Markets & Farming Articles - Manitoba Co-operator

ICE canola correcting higher after initial tariff selloff

By GFM Network News March 5, 2025

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was firmer at midday Wednesday, taking back some of Tuesday’s declines amid ideas the losses were overdone. Tariffs imposed the United States sparked a broad selloff that weighed on most markets on Tuesday, including canola. However, there was talk in the trade

Markets, News

China to boost food imports from Latin America, Europe as US trade war escalates

By Mei Mei Chu, Naveen Thukral, Reuters March 5, 2025

China's new tariffs on U.S. farm goods are poised to reshape global trade flows, prompting the world's top agricultural importer to source more meat, dairy and grains from countries in South America, Europe and the Pacific.

Global markets

Global Markets: Food stocks dwindle in Gaza

By GFM Network News March 5, 2025

Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally. Food stocks and other supplies are reportedly running out in Gaza, with the embattled Palestinian enclave reportedly at the brink of starvation as aid shipments have been blocked by Israeli forces aiming to pressure Hamas

Futures markets

ICE canola claws back from Tuesday’s losses

By GFM Network News March 5, 2025

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market is correcting itself after Tuesday’s plunge due to tariffs implemented by United States President Donald Trump. However, there is speculation the tariffs could be rolled back. Meanwhile, Chicago soyoil and European rapeseed are down while Malaysian palm oil is up. Crude oil continued to fall in

Currency markets

Canadian Dollar and Business Outlook: Loonie on the rise

Are changes to U.S. tariffs on horizon?

By GFM Network News March 5, 2025

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar swung higher on Wednesday morning following talk the Trump administration could be willing to ease off the tariffs they imposed yesterday. As of 8:35 am CST, the loonie was at US$0.6961 or US$1=C$1.4362 compared to Tuesday’s close of US$0.6902 or US$1=C$1.4489. On the U.S. Dollar

Markets, Reuters

U.S. grains: Corn, wheat, soy futures slide as trade tensions flare

By Julie Ingwersen, Reuters March 4, 2025

U.S. corn futures fell to their lowest levels of 2025 on Tuesday and soybean futures dropped below $10 a bushel on heightened concerns that President Donald Trump's trade policies would curb demand for U.S. goods, analysts said.

Currency markets

Canadian Financial Close: Tariffs pull loonie lower

Trudeau announces counter measures to Trump tariffs

By GFM Network News March 4, 2025

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar pulled back on Tuesday, as the financial markets reacted to the tariffs imposed by United States President Donald Trump. The loonie closed Tuesday at US$0.6902 or US$1=C$1.4489, compared to Monday’s finish of US$0.6931 or US$1=C$1.4428. On the U.S. Dollar Index, the greenback fell

Demand for organic pulses had been steadily rising before the COVID-19 outbreak, but supply chains are prepared to meet the new demand. Photo: File

Markets, Pulses

China’s pulses to inch higher in 2024/25 says USDA attaché

Production has been shrinking

By Glen Hallick - MarketsFarm March 4, 2025

Total pulse production in China has been projected to increase slightly to 983,000 tonnes in 2024/25 compared to the 959,000 tonnes harvested the year before, according to the United States Department of Agriculture's attaché; in Beijing.

Livestock, Markets

U.S. livestock: Cattle rebound, hogs hit six-month low

By Adam Peleshaty – MarketsFarm March 4, 2025

Cattle and hog futures at the Chicago Mercantile Exchange went in opposite directions on Tuesday as United States President Donald Trump imposed tariffs on Canadian, Mexican and Chinese goods.

Photo: Victoria Popova/iStock/Getty Images

Markets, Pulses

Pulse Weekly: Silence from India creates uncertainty

Are India’s levies on pulses back or not?

By Glen Hallick - MarketsFarm March 4, 2025

As the deadline for the government of India to further extend its tariff-free period for pea imports expired on Feb. 28, there has yet to be any statement regarding levies on the country's future pea imports.

Daily Network News

New strategies needed for Canadian agriculture to stand out in global trade

Feed Grains Weekly: Cash prices for wheat, barley largely flat

The Canadian GMO mustard wars: Dijon vs canola

Markets

ICE canola correcting higher after initial tariff selloff

China to boost food imports from Latin America, Europe as US trade war escalates

Global Markets: Food stocks dwindle in Gaza

ICE canola claws back from Tuesday’s losses

Canadian Dollar and Business Outlook: Loonie on the rise

U.S. grains: Corn, wheat, soy futures slide as trade tensions flare

Canadian Financial Close: Tariffs pull loonie lower

China’s pulses to inch higher in 2024/25 says USDA attaché

U.S. livestock: Cattle rebound, hogs hit six-month low

Pulse Weekly: Silence from India creates uncertainty

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