Markets
This is the last blog post I’ll be writing from my preferred venue of the Starbucks in the base of one of Portage and Main’s towers. I’ll still be blogging and blithering in this digital space on the internet, but this physical space in the core of Winnipeg’s and Canada’s grain business is disappearing on […] Read more
Markets
One last post from the old ‘bux
On tumult in the ag trade and industry
Soybeans, oil and canola drop
Winnipeg (CNS Canada) – Canola contracts on the ICE Futures Canada platform suffered losses Tuesday, following a sharp downturn in U.S. soybeans and soyoil. Crush margins are hanging near their lowest levels of the year, which was bearish. Trade turmoil between the United States and China continues to throw a chill over buying on the […] Read more
Trade war a drag on canola
WINNIPEG (CNS Canada) – ICE Futures Canada canola contracts were mostly down Tuesday morning as the United States and China trade war raged on. The nearby July canola contract however was higher. In the tit-for-tat trade war, U.S. President Donald Trump fired back at China, announcing another 10 per cent in tariffs on US$200 billion […] Read more
UPDATED: Japan suspends sale of Canadian wheat after GMO wheat found in Alberta
The Canadian Food Inspection Agency (CFIA) said on Thursday the wheat containing a genetically modified trait, developed by Monsanto Co to tolerate the Roundup weed-killer, was discovered in Alberta. “We are suspending the tender and sale of Canadian wheat until we confirm that the Canadian wheat that Japan buys contains no GMO,” an official at […] Read more
U.S. farm groups miffed at tariffs on Chinese goods
American farm groups are condemning President Donald Trump’s decision to throw gasoline on a trade firestorm with China. Trump surprised many trade analysts this morning when he said United States would move forward with 25 percent tariffs on US$50 billion worth of Chinese goods. The White House proposed the tariffs earlier this spring but Friday’s […] Read more
Japan suspends sale of Canadian wheat after GMO wheat found in Alberta
TOKYO, June 15 (Reuters) – Japanese farm ministry said on Friday it has suspended its tender and sale of wheat from Canada after grain containing a genetically modified trait was discovered last summer in Canada’s Alberta province. The Canadian Food Inspection Agency (CFIA) said on Thursday the wheat containing a genetically modified trait, developed by […] Read more
Weaker dollar boosts canola
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were stronger on Thursday, as weakness in the Canadian dollar helped the market recover from earlier declines. The Canadian dollar lost more than half a cent relative to its United States counterpart, boosting crush margins and making exports more attractive to international buyers. Ideas that recent […] Read more
Report pegs Aussie canola output lower
Canadian farmers can expect less competition in canola and pulse markets from their Australian counterparts in 2018-19, according to a new Rabobank report. Dry conditions and falling pulse prices are forcing farmers to switch acres out of those crops and into barley and wheat. “A dry 2017, especially in eastern Australia, followed by a hot, […] Read more
Trump learns not to mess with biofuel policy
Current U.S. president and former New York real estate developer Donald Trump might might not have fully realized the power of ethanol in the politics of America’s heartland. But he is learning now that the ethanol industry, which generates US$45 billion in economic activity annually, mostly in Midwestern farm states, can’t be treated in a […] Read more
Drought persists in North Dakota
Last year, from the second week of June until early July, spring wheat prices in Minneapolis went literally off the charts. Futures prices went from US $5.50 per bushel to nearly $8.00 per bu., in a span of about three weeks, because of a drought in North Dakota and Montana. Twelve months later, a large […] Read more
