Winnipeg,(MarketsFarm) – Wheat bids in Western Canada were narrowly mixed during the week ended Aug. 15, with losses in the United States futures countered by support from a softer Canadian dollar. The Canadian dollar was down by roughly a third of a cent relative to its United States counterpart, while the futures were all lower […] Read more
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Canadian wheat bids mixed, watching futures and currency
Brazil soybeans coveted by China, local crushing industry
SAO PAULO, (Reuters) – Brazil’s soybean market got another boost this week with local oilseeds processors increasingly competing with Chinese buyers for one of Brazil’s most prized export commodities, causing prices in local currency to spike. While traders reported Chinese buying more than 1 million tonnes of soybeans from Brazil and Argentina in the last […] Read more
China to rely on South America soybeans in fourth quarter -analyst
HARBIN, China, (Reuters) – Top soybean buyer China can do without supplies from the United States in the fourth quarter and can rely on imports from South America instead, said an analyst with a government-backed think-tank on Friday. The comments by Zhang Liwei, a senior analyst at the China National Grains and Oils Information Center, […] Read more
China set to deepen Argentine trade ties with bid for grains “superhighway”
BUENOS AIRES, (Reuters) – Chinese state-owned construction giant CCCC is preparing a bid to dredge Argentina’s Parana River, the country’s main cargo superhighway that takes soy and corn from the Pampas farm belt to the shipping lanes of the south Atlantic and the world. Representatives of China Communications Construction Co Ltd and its Shanghai Dredging […] Read more
Trump intervention triggered EPA’s surprise biofuel waiver decision -sources
WASHINGTON (Reuters) – A phone call from U.S. President Donald Trump last week ended a nearly two-month-long review of the nation’s biofuels program, three sources familiar with the matter said, with the White House siding in favour of oil refiners over corn growers. Trump gave Andrew Wheeler, head of the U.S. Environmental Protection Agency, the […] Read more
Feds to compensate dairy sector
The federal government has announced it will make $1.75 billion available to Canada’s dairy farmers, compensating producers for losses in domestic market access due to new trade agreements. Unveiling the compensation package today in Compton, Que., agriculture minister Marie-Claude Bibeau said the dollars will be doled out over eight years to the country’s nearly 11,000 […] Read more
Good crush margins helps canola
Winnipeg, (MarketsFarm) – The ICE Futures canola market settled with small gains on Thursday, as the market continued to find some strength after dropping earlier in the week. Crush margins remain at some of their best levels of the past year, making canola attractively priced for end users, according to traders. Production uncertainty in parts […] Read more
Canola’s new market: Europe?
The European Union is increasingly looking like it could be the saviour for the Canadian canola industry in 2019-20. When it first appeared that the EU’s rapeseed crop was in trouble, analysts were forecasting it could maybe take a few hundred thousand additional tonnes. These days analysts are forecasting millions of tonnes of new demand. […] Read more
Canadian exporters have hopes for hemp
Analysts predict global market opportunities ahead for Canadian hemp growers who produce the crop for CBD oil
Canada’s hemp industry has changed. Not overnight, but close. For years, hemp farmers have grown the crop for grain and partly for hemp fibres. This summer the majority of Canadian farmers are growing hemp to produce CBD. “I think with the CBD acreage, I think we might exceed that 170,000 (acres) this year,” said Jeff […] Read more
CN boosts car spots, sets up advisory body
Canada’s largest railway is setting up a farmer advisory council in Western Canada in an effort to forge closer ties with producers and improve overall supply chain performance. Canadian National Railway announced earlier this month that it has established an agricultural advisory council consisting of primary producers and farmer representatives from Manitoba, Alberta, Saskatchewan and […] Read more
