Producers on both sides of the border are feeling some relief as tariffs against Canada and Mexico have been paused. However, the 30-day window still leaves room for concern over potential ripple effects.
Canola Council of Canada President and CEO Chris Davison joined RFD-TV’s own Suzanne Alexander to discuss what he has been hearing from the industry, the importance of the U.S. market for Canadian canola, and the ripple effects they could have on the Canadian canola industry.
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Treasury Secretary Scott Bessent stated this week that the government will intervene to help, following China’s withdrawal from the U.S. soybean market. One trader says the industry will remain in a holding pattern until Tuesday.
Beef demand could be influencing other economic sectors, as consumers adjust spending habits to prioritize higher-priced beef products.
Trump’s upcoming talks raise hopes for U.S. soybeans, but China’s record purchases from Brazil and Argentina show America’s market share remains under heavy pressure.
USDA’s report shows wheat strength overall, with winter wheat yields setting records, while spring wheat and rye saw declines. Oats and barley remain constrained by record-low acreage despite stable or rising yields.
Together, these markets highlight the diverse forces shaping industrial inputs and safe-haven assets.
Bigger-than-expected corn and wheat stocks are bearish for prices, while soybean figures were neutral. Farmers may face additional price pressure as harvest accelerates.
