Welcome to Markets Desk, here's what's moving markets this Monday afternoon.
Ontario Premier Doug Ford escalated the Canada-US trade war today, warning that electricity, critical minerals, and fuel exports to the United States are all on the table as leverage. The remarks came as President Trump threatened additional tariffs starting next year, raising the stakes considerably for cross-border energy flows and supply chains.
Turning to the grain pits, corn futures pulled back from session highs but still closed with solid gains of three to nearly eight cents across most contracts. The national average cash corn price settled at four dollars and sixty-three cents, up seven and three-quarter cents on the day, supported by favorable crop progress data showing eighty-six percent of the US crop rated in good condition.
Soybeans told a different story, with contracts down four to fifteen and a half cents on the day, led lower by weakness in bean oil. The national average cash bean price fell thirteen and a half cents to eleven dollars and eighty-eight and a half cents, though soymeal managed to buck the trend, finishing modestly higher.
That's the tape. Markets Desk, signing off the floor.
