OTTAWA (Reuters) – Trade challenges from U.S. firms will continue to cause turbulence for Canada even if talks to modernize NAFTA are successful, a senior Canadian government official said on Tuesday. Canada sends 75 percent of its goods exports to the United States and is vulnerable to what Ottawa complains is increasing U.S. protectionism […] Read more
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Canada to face U.S. trade problems even if NAFTA is signed -Ottawa
Canola hits two-month highs
Winnipeg (CNS Canada) – ICE Futures Canada canola contracts posted solid gains on Monday, taking some direction from a rally in Chicago Board of Trade soybeans. South American weather concerns provided the catalyst for the gains in beans, which spilled into the canola market. Chart-based buying contributed to the strength in canola with some stops […] Read more
Weekly Manitoba cattle report
Winnipeg (CNS Canada) – Routine winter movement was the order of the day at Manitoba’s auction marts during the week ended February 9, with the cattle moving through the rings. Only about 6,300 cattle were on offer across the province during the week, which was down by about 2,000 from the previous week as cold […] Read more
Prairie wheat bids rise following lead of most U.S. futures
Winnipeg(CNS Canada) – Wheat bids in Western Canada rose in price for the week ended Feb. 9, which for the most part followed the lead of the United States futures markets. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices rose in Western Canada by C$7 to C$9, […] Read more
Canola dips with soyoil
Winnipeg (CNS Canada) – The ICE Futures Canada canola complex finished lower on Friday, tracking losses in U.S. soyoil. Fund selling was also a feature of the day. “It felt like we want to higher but there has been all this outside market carnage,” said a trader in Winnipeg. “The equities were getting pounded this […] Read more
Construction continues on G3 grain network
G3’s dream of building a coast-to-coast grain-handling network in Canada is moving closer to reality, with key elements under construction and additional facilities likely to be announced in the future. Brett Malkoske, G3’s vice-president of business development and communications, said construction of G3’s new high-throughput export terminal in North Vancouver is ahead of schedule with […] Read more
World Food Programme warns of deeper hunger across southern Africa
CAPE TOWN (Reuters) – Poor rains and crop infestations in southern Africa are threatening deeper hunger across the region, with millions of people, particularly children, at risk, the UN’s World Food Programme (WFP) said on Friday. “Given that the region has barely emerged from three years of very damaging El Nino-induced drought, this is a […] Read more
China traders cancel U.S. corn cargoes on tighter GMO controls, buy from Ukraine: sources
BEIJING (Reuters) – Some Chinese buyers have cancelled corn purchases from the United States and switched to rival supplier Ukraine, as Beijing tightens controls on processing genetically modified strains of the crop, three trade sources and an analyst told Reuters. Any prolonged shift by one of the world’s top corn importers would unnerve U.S. farmers […] Read more
Rains in Argentina grains belt provide relief to parched soy, corn
BUENOS AIRES (Reuters) – Rains in Argentina’s central Pampas farm belt on Friday provided relief to the parched soy and corn crops after weeks of drought prompted reduction in harvest estimates, said Eduardo Sierra, a climate expert at the Buenos Aires grains exchange. “The rains are modest, but they arrived just in time to limit […] Read more
Stock growers legacy fund commemorates Alberta fire victim
The Western Stock Growers Association has established the James Hargrave Legacy Fund to promote intergenerational knowledge transfer, to help improve grasslands and grassland management, and to work on improving the marketplace for ecosystem services. Hargrave of Walsh, Alta., was killed last autumn while fighting a wildfire in southeastern Alberta. He was active with the stock […] Read more
