Markets
Potential remains ‘unrealized,’ despite signing trade agreements and opening a new trade office in the Philippines
WINNIPEG — Canada could be missing out on $1.6 billion in annual exports of wheat, frozen potatoes, meat and fertilizer to Southeast Asia. That nugget of data comes from the International Trade Centre (ITC) and Farm Credit Canada, which have studied the potential of agriculture and agri-food exports to Southeast Asian nations. The FCC is […] Read more
Markets
Report calls for fresh perspective on sustainability, trade
Focus shifted from potential barriers to the possibilities created by more sustainable approaches to agriculture
Glacier FarmMedia – While it’s common to view sustainability policies as potential trade barriers, a global forum seeking to balance trade and sustainability goals says it’s equally important to see the opportunities. “Rather than viewing sustainability requirements as potential trade barriers, policymakers should position them as opportunities to enhance market access and competitiveness,” a new […] Read more
Sustainability: the new trade barrier
European Union is seen as leading the way in sustainability regulations that could distort agricultural trade in a big way
SASKATOON — Agricultural exporters, including Canada, are facing a new type of trade barrier, according to the Canadian Agri-Food Trade Alliance. “There has been a trend towards sustainability initiatives that can be used as market access barriers and we want to push back against that trend,” said CAFTA executive director Michael Harvey. “It’s a pretty […] Read moreCanfax report
Fed prices high For the week ending Dec. 20, Alberta fed cattle prices traded $3-$4 per hundredweight higher than the previous week, hitting the highest point since July. Despite excitement around higher prices, basis levels remain historically weak. In mid-December, Alberta fed prices traded at a $22-$23 per cwt. discount against Nebraska, one of the […] Read more
WP livestock report
Hogs The U.S. national live price average for barrows and gilts for Dec. 20 was not available. It was $63.64 Dec. 13. U.S. hogs averaged $76.95 on a carcass basis Dec. 20, down from $79.90 Dec. 13. The U.S. pork cutout was $97.28 per hundredweight Dec. 20, down from $95.53 Dec. 13. The estimated U.S. […] Read more
CPKC overshoots grain revenue entitlement, CN comes up short
Total Western Canadian grain volume moved over crop year down 3.5 per cent
Glacier FarmMedia – Canadian National Railway Company (CN)’s grain revenue fell below its annual entitlement, and Canadian Pacific Kansas City Railway Company (CPKC) overshot its entitlement in the 2023-2024 crop year. That’s as per the Canadian Transportation Agency’s (CTA) ruling, announced on Christmas Eve in a news release. CPKC has 30 days to pay the […] Read more
U.S. wins Mexico GM corn dispute
WASHINGTON, D.C. (Reuters) — A trade-dispute panel ruled on Friday that Mexico’s restrictions on U.S. genetically modified corn exports violate the U.S.-Mexico-Canada Agreement, handing president Joe Biden’s administration a major trade victory in its final weeks. The U.S. Trade Representative’s office said the USMCA dispute settlement panel ruled in favour of all seven U.S. legal […] Read more
Construction firm to reopen Kapuskasing, Ont. phosphate mine
Glacier FarmMedia – British Columbia-based Infracon Construction, Inc., announced today it has purchased the shuttered Agrium phosphate mine in Kapuskasing, Ontario. It plans to invest “substantial capital” to bring the mine back into production, the company said in a statement. The acquisition includes a processing plant in Matheson, Ontario, and various other mineral properties in […] Read more
Canola sector focuses on new opportunities
Canola Council of Canada head says industry must continue making progress in biofuel, research and market expansion
Glacier FarmMedia – The Canadian canola industry is bigger than ever, but it can’t afford to rest on its laurels, says the top executive of the Canola Council of Canada. President and chief executive officer Chris Davison bases much of that perspective on a new economic impact study of the oilseed. Canola generates an average […] Read more
Canada prepares for new era of trade policy
Canadian agriculture industry is warned that a second Trump presidency will open the door for a tumultuous future
Glacier FarmMedia – Election of Donald Trump as president of the United States for a second time signals a tumultuous and possibly perilous period in Canada-U.S. trade relations. Canada’s agriculture sector will have to work much harder at persuading Americans that tariff-free trade with its northern neighbour is in their best interests. That was the […] Read more
