One month remains before the alleged tariff truce — This week in the grain markets

Opinion

Grain markets marched into the month of February without much fanfare, as wheat prices were the only thing to make positive gains since last Friday. Unfortunately, for Canadian readers, some of these gains were offset in the cash market by the fact the Canadian loonie gained nearly a full point (1% or 100 basis points) to close at US$0.764. This was fueled a bit by some weakness in the U.S. dollar as a result of some disappointing negotiations between Beijing and Washington this past week to end the trade war. There is one month left before the “tariff truce” between…