Senior Canadian and Chinese officials discussed bilateral trade disputes involving canola and electric vehicles on Friday, Ottawa said, but gave no indication of any immediate breakthrough.
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures climbed to fresh contract highs on Thursday as a firm cash market and stabilizing beef prices supported the market, analysts said. Feeder cattle were flat to higher, with nearby contracts consolidating after recent strong gains, although the market remains well supported by tight supplies. Beef
U.S. corn futures rose for a third straight day on Thursday and hit a 1-1/2 week high on reports of lower-than-expected harvest yields in some areas of the Midwest and forecasts for rain that could delay further field work.
Prime Minister Mark Carney on Thursday said he expected to meet senior Chinese leaders soon but sidestepped a question about dropping tariffs on Chinese electric vehicles in exchange for relief from Beijing’s duties on canola.
Chicago | Reuters – Chicago Mercantile Exchange cattle futures ended mixed on Wednesday as tight supplies and higher choice beef values supported the market before profit taking and technical selling clipped gains, analysts said. Live and feeder cattle futures both notched contract highs in the previous session following nearly two straight weeks of daily advances.
U.S. corn futures gained on Wednesday as slow farmer sales of newly harvested grain firmed cash market prices and triggered short covering and technical buying in the futures market.
U.S. grain trader and processor Bunge on Wednesday lowered its 2025 earnings forecast following its merger with Viterra, and said it is overhauling segment and volume reporting to align with its integrated operations.
Russia’s seaborne grain exports fell to 5.1 million metric tons in September, 10.1 per cent down on the same month of 2024, according to shipping data.