By Jason Lange and Alexandra Alper GARNER, Iowa/MEXICO CITY, March 22 (Reuters) – Farmers in the U.S. agricultural heartland that helped elect Donald Trump are now pushing his administration to avoid a trade dispute with Mexico, fearing retaliatory tariffs that could hit over $3 billion in U.S. exports. The value of exports at risk is […] Read more
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U.S. farmers steer Trump away from Mexico trade war
Canola holds near $500, rain forecast weighs on winter wheat
Old crop canola futures threatened to slip below the $500 per tonne level on Wednesday but new crop November edged slightly higher for the second day. It looks like the market is trying to keep new crop canola close to the psychologically important $500 level. CLICK HERE FOR WEEKLY VIDEO CROP MARKET UPDATE In both […] Read more
CDN budget: Ag-food value added, research, inspection, transport analysis
Canada’s agriculture industry is front and centre in Ottawa’s plan to grow the economy after years of flying under the federal government – and the public’s – radar. Ottawa has challenged farmers and processors to grow their agri-food exports to $75 billion annually by 2025. Current exports hover around $50 billion annually. Wednesday’s federal budget […] Read more
Sask. budget: PST, land, education farm fuel taxes increased
Rural Saskatchewan is taking its share of the hit in the provincial budget announced March 22. The budget was expected to be tough, considering a continual decline in resource revenue since 2014 that has led to a deficit of at least $1.3 billion. Premier Brad Wall took to social media earlier in the week to […] Read more
Brazil’s agriculture ministry, police say meat problems not widespread
By Stephen Eisenhammer LAPA, Brazil, March 21 (Reuters) – Brazil’s federal police and agriculture ministry said late Tuesday that sanitary and corruption problems found in the nation’s meatpacking industry were isolated incidents, an attempt to tamp down a scandal that has led the Latin American nation’s biggest export markets to ban its meats. Since police […] Read more
Montreal logistics company sets sights on Prince Rupert
A Montreal-based shipping and logistics company has plans to develop a new container loading facility at the Port of Prince Rupert in northern British Columbia. Ray-Mont Logistics will develop an “integrated logistics and container loading facility” that will handle Canadian pulses and cereal crops, according to a March 20 news release distributed by the Prince […] Read more
Canola mixed Tue. but wheat falls on rain in Plains
May canola on Tuesday slipped slightly but new crop November was slightly higher. The main market mover was U.S. weather. The seven-day rain forecast for the United States shows much of the Midwest and plains are expected to get moisture. Accumulations are expected to be large in the Midwest. Eastern parts of winter wheat states […] Read more
Sask. growers waiting for budget details
Saskatchewan farmers will be watching closely this week to see how the provincial budget affects their pocketbooks. Saskatchewan Premier Brad Wall sent a clear message to the province last week when he told the Saskatchewan Association of Rural Municipalities that the province needs to reconsider how government revenues are generated. Wall said the province must […] Read more
Brazil meat scandal creates opportunities for other exporters
CHICAGO, March 20 (Reuters) – Global beef buyers will likely need to cobble together supplies from several nations if a scandal persists in Brazil’s meat sector because supply constraints and politics are already limiting trade flows, market analysts said on Monday. China suspended imports of all meat products from Brazil, the world’s top beef exporter, […] Read more
Chickpeas in demand but poor seed supply to limit Canadian acres
Winnipeg, March 21 (CNS Canada) – Tight chickpea supplies will keep Canada from taking advantage of fresh demand from Turkey, while any acreage increases will also be hampered by poor seed supply. Turkey has a domestic chickpea shortage and has recently temporarily lifted import tariffs on the pulse. Turkey has bought Canadian chickpeas in the […] Read more
