Ottawa | Reuters — Canada, locked in a major dispute with Beijing, is taking the first formal step at the World Trade Organization to challenge China’s decision to block Canadian canola exports, Trade Minister Jim Carr said Friday. China, angry at Canada’s detention of a top Huawei Technologies executive last year on a U.S. arrest […] Read more
Canada takes first step at WTO to challenge China’s canola ban
U.S. grains: Corn hits contract lows on sluggish exports, mild weather
Chicago | Reuters — U.S. corn futures fell to life-of-contract lows on Friday, pressured by disappointing weekly U.S. export data and forecasts for benign weather in the heart of the Midwest crop belt, analysts said. Soybeans turned down, retreating from early advances, and wheat followed the lower trend. Chicago Board of Trade December corn settled […] Read more
Industry groups hail appointment of new China envoy
Ottawa | Reuters — Canada has appointed veteran business consultant Dominic Barton as ambassador to China, Prime Minister Justin Trudeau said on Wednesday, as the government grapples with a major diplomatic and trade dispute between the nations. Barton, 56, a Ugandan-born Canadian who stepped down as global managing partner of consulting firm McKinsey and Co. […] Read more
P+H to buy Louis Dreyfus’ Prairie elevators
Updated — Commodities and agrifood giant Louis Dreyfus Co. is stepping out of the grain handling business it built in Canada with a deal to sell its Prairie elevator network. Louis Dreyfus (LDC) announced Wednesday it has an agreement in place to sell its 10 elevators across Western Canada to Winnipeg grain company Parrish and […] Read more
Brazil expected to introduce tariff-free wheat import quota from 2020
Sao Paulo | Reuters — Brazil is expected to introduce a tariff-free wheat import quota of 750,000 tonnes per year starting from 2020, the president of the country’s wheat industry group Abitrigo, Rubens Barbosa, said on Tuesday. Brazil announced the opening of the tariff-free wheat import quota earlier this year in connection with President Jair […] Read more
CCA sees potential for more beef sales to Europe
Reading Time: 2 minutes Canada could be selling more beef to Europe if it increased the number of veterinarians trained to approve cattle for shipment there or secured approval for using Verified Beef Production Plus (VBP+) to meet European requirements, the Canadian Cattlemen’s Association says. Since the free trade agreement with Europe came into effect nearly two years ago, […] Read more
New EU import curbs on fruit not Canada-specific
Ottawa | Reuters — New European Union rules that could block shipments of Canadian cherries and other fruits to the 28-nation grouping apply to all countries and “was not unusual,” a senior Canadian official said on Friday. The clarification from federal Agriculture Minister Marie-Claude Bibeau came a day after the Canadian Food Inspection Agency (CFIA) […] Read more
EU set to halt imports of Canadian cherries, other fruits
Ottawa | Reuters — The European Union will halt imports of Canadian cherries and other fresh fruits starting Sept. 1 as it enforces new import requirements related to pests, according to a Canadian government document sent to industry on Thursday. In the notice, which was seen by Reuters, the Canadian Food Inspection Agency said the […] Read more
Shut out of China, Canada finds canola buyers in drought-damaged Europe
Winnipeg/Paris | Reuters — Crop-scorching drought in Europe is providing Canadian canola farmers a timely new opportunity to move supplies that have piled up since China stopped buying this year. Rising European sales are taking some of the sting out of losing the Chinese market for Canadian farmers, although ICE canola futures prices are down […] Read more
Ceres closes on option to buy Delmar Commodities
U.S. commodities firm Ceres Global Ag Corp. has exercised its option and closed its deal to buy Manitoba grain merchandising firm Delmar Commodities. Ceres announced Friday it has completed the deal to buy all of Delmar’s shares for about $15.25 million in cash and assume about $7.6 million in existing term debt. The Minneapolis firm […] Read more
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