China’s recently signed trade deal with the U.S. promised to buy at least an additional US$12.5 billion worth of U.S. farm products in 2020 and at least US$19.5 billion in 2021.

U.S. Agriculture Secretary Perdue uncertain on coronavirus effects

U.S. ag secretary unsure if coronavirus will slow China’s farm imports

U.S. Agriculture Secretary Sonny Perdue said January 29 he does not know whether China’s coronavirus outbreak will upset Beijing’s pledge to radically increase purchases of American farm goods as part of the countries’ recent trade deal. The virus has cast further doubt on China’s ability to buy US$36.5 billion of U.S. agricultural goods in 2020.




ICE Futures March 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)

ICE weekly outlook: Canola correcting off lows

MarketsFarm — The ICE Futures canola market fell sharply over the last half of January but have turned the corner during the first few trading days of February. “I think we have room for some corrective gains,” MarketsFarm Pro analyst Mike Jubinville said of the recovery in canola. The March contract hit a session low


(Ablokhin/iStock Editorial/Getty Images)

CBOT weekly outlook: Corn, soybeans under pressure

MarketsFarm — Market participants on the Chicago Board of Trade (CBOT) are waiting to see how China’s novel coronavirus outbreak will impact commodity demand and the global economy. As of Wednesday, confirmed cases neared 25,000 and the death toll was close to 500. In the midst of dealing with the mounting public health crisis, China

CBOT March 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Soybeans, corn end higher

Chicago | Reuters — U.S. grain and soybean futures firmed on Tuesday, supported by a broad rebound in equity markets following losses sparked by a coronavirus outbreak in China, analysts said. Worries about harvest delays in Brazil’s soybean areas added support. Chicago Board of Trade March soybeans settled up 2-1/2 cents at $8.79-1/2 per bushel,


CME June 2020 lean hogs with 20-, 50- and 100-day moving averages. (Barchart)

U.S. livestock: Lean hogs, live cattle end mostly lower

Trade awaits direction from cash cattle market

Chicago | Reuters — U.S. hog futures closed mostly lower on Tuesday on concerns about a heavy slaughter pace coupled with uncertainty about export demand from China, the world’s biggest pork consumer, traders said. The weak tone underscored fears that the coronavirus outbreak in China could reduce export demand for pork at a time of

(PortOfHalifax.ca)

Virus fears weigh on global shipping sector

MarketsFarm — Global shipping rates continue to decline, hitting record lows in some cases, amid declining demand and concerns over the coronavirus outbreak in China. The Baltic Dry Index (BDI), compiled by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea. The BDI has fallen for 13


“The WTO and the rules-based system help our Canadian businesses, because they have the rules that they can depend on which helps them make the decisions... ” – Mary Ng, Export Promotion and International Trade Minister.

Canada promotes trade order

Ng quiet on U.S.-China trade deal, as fight for WTO reform continues

Canada’s Small Business, Export Promotion and International Trade Minister Mary Ng had little to say of the newly signed U.S.-China trade deal, claiming her office was still carefully reviewing it. Details of the first phase of the deal show China is committed to buying an additional US$40 billion to US$50 billion in agricultural products from

CME April 2020 lean hogs with Bollinger (20,2) bands. (Barchart)

U.S. livestock: Lean hogs end firm in rebound after contract lows

Live cattle up on bargain buying

Chicago | Reuters — U.S. hog futures closed mostly higher on Monday, with the benchmark April contract rebounding from a life-of-contract low on slightly firmer cash markets, traders said. Rallies were capped by continued uncertainty about the impact of the coronavirus on demand for commodities in China, the world’s top pork consumer. Fears of economic