Chicago | Reuters — The U.S. Department of Agriculture on Wednesday pledged up to US$500 million to prevent the spread of the fatal pig virus African swine fever, after Haiti and the Dominican Republic recently confirmed outbreaks. A U.S. outbreak would likely slash U.S. pork exports and pig prices, hurting farmers and meat companies such […] Read more
U.S. puts up funds to prevent African swine fever
Haiti, Dominican Republic now 'countries of concern' on CFIA list
Aurora Cannabis revenue short of expectations on lower pot demand
Reuters — Aurora Cannabis on Monday missed Wall Street expectations for fourth-quarter revenue as pandemic-related restrictions weighed down consumer demand, leading Canadian provinces to cut orders. U.S.-listed shares of the company, which also posted a bigger-than-expected quarterly loss, were down two per cent in extended trading. After more than three years into Canada’s legalization of […] Read more
Roquette warns of price rise in plant-based food market
Prairie drought could cut pea yields 45 per cent
Paris | Reuters — A global surge in pea prices linked to low supplies and growing demand for plant protein will inevitably need to be passed on to customers, including makers of alternative food such as meat-free burgers, French producer Roquette said on Monday. The market for alternative protein has soared in recent years, attracting […] Read more
‘Two Michaels’ have left China, Trudeau says
Huawei CFO en route back to China
Ottawa | Reuters — Two Canadian citizens who were detained by Beijing for more than 1,000 days have left Chinese airspace and will arrive back in Canada early on Saturday, Prime Minister Justin Trudeau told reporters Friday. Michael Kovrig and Michael Spavor were picked up in December 2018, shortly after Vancouver police arrested Huawei Technologies […] Read more
Huawei executive, U.S. reach deal to dismiss charges
Meng Wanzhou would be allowed to leave Canada
Updated, Sept. 24 — Reuters — Huawei chief financial officer Meng Wanzhou has reached an agreement with U.S. prosecutors to end the bank fraud case against her, U.S. prosecutors said on Friday, a move that should allow her to leave Canada and relieve a point of tension between China and the United States. Meng was […] Read more
U.S. grains: Wheat firms on global supply issues
Oats also push corn higher
Chicago | Reuters — Chicago wheat futures firmed on Thursday, strengthened by global supply concerns and a firming oat futures market on drought-stricken North American supplies. Corn and soybeans edged higher, supported by wheat and oats. The most-active wheat contract on the Chicago Board Of Trade (CBOT) added 12 cents to $7.17-3/4 a bushel (all […] Read more
CBOT oats climb on supply woes
Prairie drought eats at availability
Chicago | Reuters — Chicago Board of Trade December oats futures climbed their daily maximum of 25 cents per bushel on Wednesday, nearing a 7-1/2 hear high, after drought slashed supplies from top global supplier Canada at a time of robust demand for the grain, traders said. The December oats contract surged 25 cents to […] Read more
Taiwan applies to join Pacific trade pact week after China
Taipei | Reuters — Taiwan has formally applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the government said Wednesday, less than a week after China said it too had submitted an application. Taiwan has been angling to join the grouping for a while and had already been discussing the issue informally […] Read more
Supply/demand pushing up flax prices
Corrected, Sept. 23 — MarketsFarm — Prices for flax have skyrocketed in 2021, as the amount to be harvested has fallen while demand has increased, according to Dale McManus of Johnston’s Seeds at Welwyn, Sask. Johnston’s was paying $38 per bushel for golden flax picked up off of the farm, he said, and brown flax […] Read more
U.S. extends travel restrictions at Canada, Mexico borders
Washington | Reuters — The United States on Monday extended restrictions at its land borders with Canada and Mexico through Oct. 21 that bar nonessential travel such as tourism by foreigners despite Ottawa’s decision to open its border to vaccinated Americans. Canada on Aug. 9 began allowing fully vaccinated U.S. visitors for nonessential travel. The […] Read more
Cyber-Savvy Farmer
