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(Conservative Party of Canada video screengrab via YouTube)
Markets, Other

CPC leadership hopefuls list ending carbon tax as priority for agriculture

Party leadership candidates also look to strengthen trade relationships

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Removing the carbon tax is the main priority for the two top Conservative Party of Canada (CPC) leadership candidates, according to a recent survey. Peter MacKay and Erin O’Toole, considered the front-runners in a small field of leadership hopefuls, listed eliminating the environmental policy in response to a series of questions posed to them by
CBOT November 2020 soybeans with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Soybeans ease on China tensions

Wheat gains on declining U.S. dollar, export hopes; corn mostly flat

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Chicago | Reuters — Chicago soybeans softened on Friday as optimism over Chinese buying in the United States was tempered by political tensions between the two economic heavyweights. Corn ended lower on strong crop conditions, while wheat rose on hopes of new U.S. export sales with the dollar remaining low. The Chicago Board of Trade’s
CBOT November 2020 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: China tensions cap soybeans’ gains

Corn prices up slightly on trade optimism; wheat falls back slightly

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Chicago | Reuters — U.S. soybean futures climbed on Thursday, boosted by demand from China, although escalating tensions between Beijing and Washington capped gains. Corn edged higher as optimism over possible continued buying from China offset strong crop conditions. Wheat scaled back on technical selling. The most-active soybean contract on the Chicago Board Of Trade
CME October 2020 live cattle with 20-, 50- and 100-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Cattle futures hit four-month top

Lean hogs up on export news

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Chicago | Reuters — Live cattle futures on the Chicago Mercantile Exchange (CME) rose on Thursday to four-month highs as steady to firmer cash cattle prices signaled that meat packers may have largely worked through a backlog of market-ready cattle that built up this spring, traders said. CME August live cattle futures settled up 1.975
(Zevei-Wenhui/iStock/Getty Images)
Livestock, Markets

U.S. senators question packers over exports to China during pandemic

USDA shows record pork exports to China in April, raising questions about rising U.S. meat prices

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Chicago | Reuters — Two prominent U.S. Senate Democrats are pressing America’s top meatpackers to disclose by month’s end how much pork, beef and chicken they shipped to China during the coronavirus outbreak while warning of possible meat shortages at home. The request from Senators Elizabeth Warren and Cory Booker increases scrutiny of companies such
CBOT July 2020 soybeans with 20- and 50-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans climb as China trade talks progress

July wheat down over four per cent on week

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Chicago | Reuters — Chicago soybean futures gained on Friday as U.S. trade talks with China continued, invigorating hopes the top soybean importer would reach earlier export estimates. Wheat fell as the U.S. winter wheat harvest progressed, while corn inched higher on technical positioning. The most active soybean futures on the Chicago Board of Trade
Loading grain on a vessel at a Burrard Inlet terminal. (Maxvis/iStock/Getty Images)
Crops, Markets

Weekly canola exports well below average

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MarketsFarm — Weekly Canadian canola exports fell to their second-lowest level of the 2019-20 crop year-to-date during the week ended Sunday, according to the latest data from the Canadian Grain Commission. Only 80,300 tonnes of canola were exported during the 45th week of the crop year, down 44 per cent from the previous week and
CBOT July 2020 wheat with Bollinger (20,2) bands. (Barchart)
Crops, Markets

U.S. grains: Wheat slips on bumper harvest, soy up on exports

Corn inches up on technical trading, weather questions

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Chicago | Reuters — Chicago wheat futures slid again on Thursday, dropping to their lowest in more than eight months amid a bumper U.S. harvest and well-timed European rains. Soybeans and corn edged higher, on technical trading and signs weather may not be so crop-friendly across the U.S. Corn Belt in coming days. The most-active
CME July 2020 lean hogs with 20- and 50-day moving averages. (Barchart)
Livestock, Markets

U.S. livestock: Hog futures still face headwinds over demand questions

Cattle futures mixed on USDA report expectations

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Chicago | Reuters — U.S. lean hog futures traded choppy on Wednesday, amid ongoing pressure from large domestic supplies and rebounding pork production, analysts said. Meanwhile, concerns over a potential slowdown in U.S. pork exports kept markets jittery for a second session, traders said. China’s meat importers fear clearing delays and a hit to demand
India’s Prime Minister Narendra Modi speaks to media on the Parliament premises in New Delhi in this Nov. 18, 2019 file photo. (Photo: Reuters/Altaf Hussain)
Crops, Markets

India’s levy cut on lentils part of balancing act

Global markets had zero or little forewarning of decision

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MarketsFarm — To Pulse Canada, the recent move by the Indian government to temporarily reduce the import levy on lentils from 30 to 10 per cent is part of a balancing act between competing interests. Greg Cherewyk, president of Pulse Canada, explained that Prime Minister Narendra Modi is “looking after the needs of a politically

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