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CBOT weekly outlook: Impeachment process stifles markets

MarketsFarm — U.S. President Donald Trump’s impeachment hearings have dominated headlines and stalled progress in numerous trade developments, leaving the Chicago Board of Trade (CBOT) starved of meaningful news. The Canada-U.S.-Mexico Agreement (CUSMA) has yet to be ratified by the U.S. House of Representatives. The trade pact, meant to replace the North American Free Trade

CBOT December 2019 wheat with 20-, 50- and 100-day moving averages. (Barchart)

U.S. grains: Wheat futures climb on short-covering

Chicago | Reuters — U.S. wheat futures hit their highest in nearly a week on Tuesday as declining U.S. wheat condition ratings and worries about Southern Hemisphere crop prospects fueled a round of short-covering, analysts said. Corn firmed on signs of improving export prospects and soybean futures closed modestly higher. Chicago Board of Trade December





Exports of Canadian canola to China have seen setbacks as early as last February.

WTO ineffective, Canada not defending science, says Richardson VP

A senior official of one of the companies at the forefront of Canada’s ongoing trade dispute with China over canola says the World Trade Organization (WTO) cannot be relied upon, and that science-based decision-making is threatened on a domestic and international level. “We simply can’t rely on the existing WTO process as being the most