Markets
OTTAWA/WASHINGTON, Sept 30 (Reuters) – The United States and Canada reached a deal to update NAFTA and keep it a trilateral pact with Mexico, beating a midnight deadline with agreements to boost U.S. access to Canada’s dairy market and protect Canada from possible U.S. autos tariffs, two Canadian sources with direct knowledge of the talks […] Read more
Markets
Canada, U.S. reach deal to update NAFTA
Canola, soybeans drop at end of week
Winnipeg – ICE Futures canola contracts were weaker on Friday, as a downturn in the Chicago Board of Trade soy complex spilled over to weigh on prices. The losses in soybeans were tied to bearish quarterly stocks data released by the United States Department of Agriculture. Strength in the Canadian dollar added to the softer […] Read more
Canadian canola could make its way into Australia
Winnipeg – A potential shortage of canola on the east coast of Australia has the oilseed industry there musing about the potential of importing Canadian canola to keep processing plants going. A story published on Sep. 25 on the Australian website Farm Online entitled “East coast canola shortage looms” had Nick Goddard, Australian Oilseeds Federation […] Read more
Northern crop hopes sag under wet conditions
A combination of rain, snow and frost is causing downgrading of crops in northern Saskatchewan and Alberta. “We won’t see much No. 1 wheat anymore,” said Jason Skinner, chief executive officer of North West Terminal in Unity, Sask. “It will all be at least downgraded to a two if not a three or feed in […] Read more
Knowing your lender when times get rough pays dividends
Editor’s note: This is the third of a series of columns looking at the lessons learned from the financial crisis of 2008. Angie Setzer recalls what made her realize just how profoundly bad the 2008 financial crisis had become: Republicans in power, Democrats replacing them, and the apolitical Federal Reserve Bank co-operating to bail out […] Read more
Argentina bets on US$600m satellite to boost agriculture sector
BUENOS AIRES, Argentina (Reuters) — Argentina is launching a new microwave imaging satellite to monitor natural disasters and soil moisture, in a long-term bid to bolster the farm sector, an industry that has historically been the backbone of the country’s economy. Scheduled to launch on a SpaceX Falcon rocket from Vandenberg Air Force Base in […] Read more
Prairie producers miffed at durum doldrums
North America’s durum growers are not impressed with the prices being offered. Farmers on the agriville.com commodity marketing forum expressed anger when bids dropped below $6 per bushel at some locations after Statistics Canada bumped its production estimate up by nearly 700,000 tonnes. “Good God! Dropped $0.37/bu at one local this morning,” wrote a user […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts was US$43.92 per cwt. Sept. 21 up from $38.52 Sept. 14. U.S. hogs averaged $59.37 on a carcass basis Sept. 21, up from $50.59 Sept. 14. The U.S. pork cutout was $79.18 per cwt. Sept. 21, up from $76.02 Sept. 14. The estimated U.S. […] Read more
Canfax 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. Fed prices firm Alberta direct cattle sales saw moderate trade last week and average prices firmed $3.50 […] Read more
Indonesia’s 2018 food wheat imports to rise 6% despite cost hike
JAKARTA, (Reuters) – Indonesia’s imports of wheat for flour are expected to reach 8.5 million tonnes this year, an industry body said, up from 8 million tonnes in 2017, despite increasing prices of the grain. Indonesian demand for noodles, biscuits and snacks like martabak, a local version of a pancake, has climbed steadily in recent […] Read more
