BRUSSELS, Belgium (Reuters) — Disputes over cheese and pharmaceuticals are holding up the start of a European Union-Canada free trade agreement that both sides have championed as a landmark deal for open markets against a protectionist tide. The Comprehensive Economic and Trade Agreement has received all the clearances required for it to enter force provisionally, […] Read more
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Cheese wrangle holds up CETA
IGC trims 2017-18 global corn and wheat crop forecasts
LONDON, June 29 (Reuters) – The International Grains Council on Thursday trimmed its forecasts for the 2017-18 global corn and wheat crop. “A number of regions have experienced unfavourable weather in recent weeks and some crops forecasts are being revised lower, including the United States and the European Union,” the IGC said in a monthly […] Read more
StatsCan – Oilseeds jump higher in seeded area report
Canadian farmers say they favoured oilseeds as they wrapped up planting the 2017 crop, according to a survey by Statistics Canada. The report issued Thursday morning pegged canola area at 22.837 million acres, at the high end of the trade’s range of expectations. The area is 12.1 percent more than last year. It will be […] Read more
Sask. producers show interest in rail logistics, grain terminal
Farmers in southeastern Saskatchewan are pushing forward with plans to build a new shipping and logistics hub capable of handling grain, crude oil and just about anything else that needs to transported by rail. Mark Bratrud says Comtrax Logistics Solutions is gaining momentum following a successful share placement involving local investors. Bratrud, president and founding […] Read more
Spring wheat soars 3.2% on hot weather forecast, canola also rises
Weather reports that predict hot weather for the northern plains next week drove spring wheat futures to fresh multi year highs on Wednesday. Most traded September Minneapolis wheat soared 3.2 percent. Canola also rose even as the Canadian dollar jumped higher. WATCH THIS WEEK’S VIDEO CROP MARKET UPDATE FOR MORE ON THE WEATHER AND ITS […] Read more
Canada tightens inspections of imported Brazil meat
By Rod Nickel WINNIPEG, Manitoba, June 28 (Reuters) – Canada has stepped up inspections on imported meat from Brazil to temporarily check every shipment following a corruption investigation involving Brazil’s health inspectors, the Canadian Food Inspection Agency (CFIA) said. The new protocols, which started on April 10, involve full inspection of all Brazilian meat imports […] Read more
Monsanto profit tops expectations as soybean sales surge
June 28 (Reuters) – Monsanto Co. reported a stronger-than-expected quarterly profit on Wednesday as record soybean plantings lifted seed sales. Shares climbed one percent and hit a two-year high of US$118.47 a share. Monsanto, which is in the process of being bought by Germany’s Bayer AG, reaffirmed its earnings per share target and raised its gross […] Read more
Canada allows Dow, DuPont merger after firms agree to sell assets
OTTAWA, June 27 (Reuters) – Canada’s Competition Bureau said on Tuesday it would allow a planned merger between DuPont and Dow Chemical Co after both firms agreed to dispose of some assets. The announcement is similar to those made by U.S. and European Union regulators, who also allowed the merger to go ahead as long […] Read more
Spring wheat soars again, canola climbs with oilseeds
After trading as high as $6.93 a bushel, the Minneapolis September spring wheat contract closed at $6.86, up 17 ¼ cents or almost 2.6 percent on the day. Spring wheat rose after the USDA on Monday lowered the good to excellent rating of the crop to 40 percent. That was down from 41 percent the […] Read more
Rain slows progress, but spraying underway in Manitoba
Cool temperatures have delayed growth of some crops in Manitoba. Despite cool, windy and wet conditions that hit many regions and delayed herbicide and fungicide operations last week, most farmers have managed to get in fields and complete one herbicide application, with second applications just underway, according to the weekly crop report from Manitoba Agriculture […] Read more
