China plans tariffs on $60 bln of U.S. goods in latest trade salvo

BEIJING/SINGAPORE, Aug 3 (Reuters) – China proposed retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, as a senior Chinese diplomat cast doubt on prospects of talks with Washington to solve their bitter trade conflict. The Trump administration tightened pressure for trade concessions from […] Read more

Mexico eyes NAFTA breakthrough next week, says Canada joining soon

WASHINGTON, Aug 3 (Reuters) – Mexico’s economy minister said on Friday that Mexico and the United States could overcome key stumbling blocks standing in the way of a new NAFTA deal next week, adding that Canada would likely soon rejoin the negotiations. Mexican and U.S. teams will work through the weekend to overhaul the North […] Read more

Weekly Manitoba Cattle Report

‘Gap’ season more active than normal for cattle sales

It’s sometimes known as the gap season in cattle markets — that slow time of year between the early spring and fall-winter sales runs. But there are decent profits producers can pick up now, said Rick Wright of Heartland Order Buying. “Cattle are actually bringing a profit and the buyers are a bit reluctant to […] Read more

Prairie wheat bids march higher

Winnipeg – Hard red spring wheat bids in Western Canada continued their climb upwards for the week ended Aug. 2. Heat and dryness concerns throughout Europe, the Black Sea region, and Australia continued to drive the United States futures markets higher during the week. Average Canada Western Red Spring (13.5 percent CWRS) wheat prices were […] Read more

Saskatchewan Harvest Underway: Report

Winnipeg – Harvest operations are underway in parts of southern Saskatchewan, according to the weekly crop report from Saskatchewan Agriculture. Crops were reportedly rapidly drying down across the province, with many pulse crops being desiccated. Most crops remain in fair to excellent condition, although later-seeded crops need rain to help heads and pods fill, said […] Read more

Drought cuts into Australian chickpea prospects

CNS Canada) – Expectations for Australia’s chickpea crop have been drastically cut to one-third of last year’s production. The dry growing season will limit the crop’s potential this year to about 300,000 tonnes, according to a report from Pulse Australia. Nick Goddard, chief executive officer of Pulse Australia, told a local news outlet that important […] Read more

Dry weather not a problem for malt barley crop, so far

Winnipeg — The prairie malting barley crop is faring reasonable well in the hot, dry weather, but crop watchers will have a better idea of protein content in a couple weeks. “We’ve yet to see what this crop is. I think we’re a little early yet. Indications are that it could be a little higher […] Read more

Feed barley defies expectations as prices rally

Feed barley prices have no business being where they are, based on supply-demand fundamentals, but that hasn’t quelled the rally. With prices for old crop sitting a premium over new crop, most in the industry expected old crop would gradually decline over summer and the two would eventually converge. But dry weather in southern Alberta […] Read more

Prairies to stay mainly hot and dry in August

WINNIPEG – The summer heat wave that has brought excess dryness to much of southwest Saskatchewan and southern Alberta looks set to continue. According to Drew Lerner of World Weather Inc., much of Western Canada will be dealing with a restricted amount of rain and hotter-than-normal temperatures in August. “I don’t think it will be […] Read more

Modest weather market forming

A modest weather market is forming ahead of the August 10 USDA report. U.S. corn was up again today and soybeans might have been, if not for expanding trade worries about American and Chinese relationships. After being down so long, wheat remains on an upward march, hitting three-year highs as drought and less than ideal […] Read more