Vienna | Reuters — Austria is ready to confront other European Union members states over its opposition to a free trade deal with Canada, Chancellor Christian Kern said, because it sees it containing many of the same problems as one being negotiated with the U.S. Austria opposes a proposed free trade deal with the United […] Read more
Austria expects ‘conflict’ on Canada trade deal
Chile plans to send TPP deal to Congress this year
Santiago | Reuters — The Chilean government is expecting to send the Pacific trade deal known as the Trans-Pacific Partnership (TPP) to its Congress for approval by the end of 2016, President Michelle Bachelet said Thursday. The 12-nation TPP aims to liberalize commerce in 40 per cent of the world’s economy, but its future is […] Read more
Pettigrew tapped to help push through EU trade deal
Ottawa | Reuters — Canada has named a former politician with experience in trade and foreign affairs as the government’s new envoy to help complete its long-negotiated free trade agreement with the European Union, a spokeswoman said Wednesday. Pierre Pettigrew, who served as both minister of foreign affairs and minister for international trade under previous […] Read more
StatsCan’s canola estimates taken with grain of salt
CNS Canada — Statistics Canada’s latest crop production estimates are in and while they may raise a few eyebrows, the numbers aren’t likely to cause havoc in the markets, according to most trade analysts. StatsCan on Tuesday pegged canola production in 2016-17 at 17 million tonnes. That compares to pre-report ideas of 15.9 to 20 […] Read more
Industry bracing for potentially large StatsCan crop estimates
CNS Canada — Canadian farmers are sitting on large crops ahead of this year’s harvest, although just how large remains to be seen as industry participants await Statistics Canada’s first survey results of the crop year, set for release on Tuesday. Pre-report trade estimates on canola production range anywhere from 16 million to 20 million […] Read more
Crop conditions improve, harvest operations underway
Alberta crop conditions as of August 9
Reading Time: 2 minutes Rains continued to fall across the province stretching from the Peace Region to the Southern Region. Provincially, crop conditions improved for all Regions from a week ago and are rated as 84 per cent in good or excellent condition, up one per cent from a week ago and up 13 per cent from the 5-year […] Read more
Kellogg’s sales miss analysts’ estimates
Reuters — Kellogg Co.’s quarterly sales dropped 6.6 per cent, missing analysts’ estimates, as demand slid further for its breakfast foods and snacks, which include Corn Flakes and Froot Loops. Kellogg also said a strong dollar was expected to hurt sales this year more than it had anticipated, mainly due to a sharp fall in […] Read more
Saskatchewan crops battle through moisture
Commodity News Service Canada – Saskatchewan crops are in generally good condition despite recent wet and windy weather, says the Saskatchewan government. In a release, the province said sixty-two per cent of the spring wheat, winter wheat, flax and canola was in good condition as of July 25. Lentils are rated as 15 per cent excellent, […] Read more
Crops progressing well due to plenty of warmth, moisture
Alberta crop conditions as of July 19
Reading Time: 2 minutes With significant rains across the province, particularly in the South and Central Regions over the past two weeks, most of the agricultural lands in Alberta have seen at least near normal amounts of precipitation to date (refer to the map below). Provincially, crop growing conditions improved by two per cent from last week to 83 […] Read more
VIDEO: Canada’s agricultural markets update for July 20
Reading Time: < 1 minute D’Arce McMillan, markets editor for The Western Producer, monitors trends in the North American and global agricultural markets. His latest video update on the crops market came from the recent 2016 Ag in Motion.