Markets
CHICAGO/BENGALURU, April 26 (Reuters) – Archer Daniels Midland Co said on Friday it was considering spinning off its ethanol business after slim biofuel margins and Midwestern floods slammed the U.S. grains merchant’s profit, which tumbled 41% in the first quarter. A major cause was the “bomb cyclone” blizzards that devastated the Midwest and Great Plains […] Read more
Markets
ADM considers ethanol spinoff as Q1 profit falls on severe weather
Dollar, stronger soy and lower acreage boost canola futures
WINNIPEG – ICE Futures canola contracts were stronger on Thursday, getting support from a number of factors in trading that had a good deal of volume. One of those factors was spillover from soybeans on the Chicago Board of Trade, which were up four U.S. cents on Thursday. Another was a bounce from the Statistics […] Read more
HyLife sale may boost pork exports
The Man. hog company, which is now owned by Thai and Japanese firms, could gain new access to foreign markets
One of the largest pork companies in Canada is no longer owned by Manitobans. On April 22, HyLife announced it has sold 50.1 percent of its shares to Charoen Pokphand Foods Public Company Limited (CPF), a company based in Thailand. Itochu, a Japanese firm, will continue to own 49.9 percent of HyLife. The sale means […] Read more
American victory at WTO may be meaningless
Looming gridlock at the World Trade Organization means the United States’ latest win against China may go nowhere
Canadian wheat growers will benefit from a recent World Trade Organization ruling, if the WTO’s dispute resolution process gets fixed, says an industry official. The U.S. Department of Agriculture announced last week that it has won a WTO challenge against China. A dispute settlement panel found China guilty of mismanaging its tariff-rate quotas (TRQ) for […] Read more
EU moves to exclude ag from U.S. trade talks
Canadian producers are unlikely to see any impact from a European Union-United States trade agreement
Canada is unlikely to benefit from the European Union’s decision to exclude agriculture from free trade talks with the United States, says an economist. European Union member states gave the European Commission the green light to start formal free trade negotiations last week, but only on eliminating tariffs on industrial products. The EU members insist […] Read more
Hemp sector faces expected U.S. acreage boom
The CBD market dominates the industry as the American government legalizes hemp production in that country
Denver, in late March, hosted the NOCO Hemp Expo. The event began six years ago and about 300 people attended the trade show in 2013. This year, the event attracted more than 10,000 people “There are 50,000 uses for industrial hemp,” Elizabeth Knight, one of the organizers, told 9NEWS in Denver. “From clothing to paper, […] Read more
What farmers must know when facing anti-trade future
American farmers can get away with risk-taking that is likely to devistate reckless Canadian farmers. European farmers can also roll the dice on gambles that are likely to destroy Canadians. Each of those giant players has enormous domestic markets and a government committed to protecting producers. When foreign markets are shut off for them, it’s […] Read more
No-deal Brexit could open pork doors to U.K.
The EU supplies 60 percent of the U.K.’s pork needs, but greater tariffs would force it to look elsewhere, such as Canada
As the battle over the United Kingdom’s messy divorce from the European Union continues, Canada and the United States could emerge as major suppliers of pork to the U.K. in a no-deal Brexit scenario. While the EU supplies 60 percent of pork consumption in the U.K., greater tariffs imposed in a no-deal situation would force […] Read more
Food shocks threaten to disrupt global trade
An international study finds that crops and livestock are slightly more shock-prone than fisheries and aquaculture
Food shocks are happening more frequently around the world because of extreme weather and geopolitical crises. These shocks, which are described as the sudden loss of food production, pose challenges for the United Nations’ sustainable development goals because they can disrupt food supplies and harm food security and human well-being. An international study led by […] Read moreCanfax report
This cattle market information is selected from the weekly report from Canfax, a division of the Canadian Cattlemen’s Association. More market information, analysis and statistics are available by becoming a Canfax subscriber by calling 403-275-5110 or at www.canfax.ca. Feeders hit new highs Alberta calf prices continue to trade within the same price range as last […] Read more
