Chicago | Reuters — U.S. soybean and corn futures closed lower Thursday on improving South American crop prospects and jitters about U.S. trade relationships, analysts said. Wheat futures rose on better-than-expected weekly U.S. export sales. Chicago Board of Trade soybeans for March delivery settled down 5-3/4 cents at $10.49-1/2 per bushel and March corn ended […] Read more
U.S. grains: Soy, corn fall on crop prospects, trade fears
Canada to Mexico on NAFTA: You might be on your own
Calgary | Reuters — Canada will focus on preserving its U.S. trade ties during talks to renegotiate NAFTA and may not be able to help Mexico avoid being targeted by the Trump administration, Canadian government sources say. “We love our Mexican friends. But our national interests come first and the friendship comes second,” a source […] Read more
Canada not seen as U.S. target in NAFTA talks
Calgary | Reuters — Canada has a “very special status” and is unlikely to be hit hard by changes the U.S. wants to make to the NAFTA trade accord, the head of a business advisory council to U.S. President Donald Trump said on Monday. Stephen Schwarzman made his remarks after addressing Canadian Prime Minister Justin […] Read more
B.C. to defend wine industry against U.S. trade action
Vancouver | Reuters — The British Columbia government said Wednesday it would defend its wine industry against a trade challenge from the U.S., and was confident it was not breaking any international trade rules. Earlier Wednesday, the U.S. said it started action against Canada at the World Trade Organization, accusing B.C. of discriminating against U.S. […] Read more
Trudeau to shuffle Dion out of foreign affairs
Ottawa | Reuters –– Canadian Prime Minister Justin Trudeau will shuffle his cabinet this week and is set to move Foreign Minister Stephane Dion, who ran into political trouble last year, a person with knowledge of the matter said on Monday. “Dion is out,” said the person, who requested anonymity because of the sensitivity of […] Read more
Guenther: Canada’s beef export sector waiting, watching
As speculation swirls around U.S. President-elect Donald Trump’s promise to renegotiate NAFTA, officials with Canada’s beef industry are taking a measured approach. They’re not ignoring the possibility of trade disruptions in the U.S., said Ryder Lee, CEO of the Saskatchewan Cattlemen’s Association — “but neither are we lighting our hair on fire yet at each […] Read more
Cattle producers urge trade fight if Trump revives COOL
Winnipeg | Reuters — Canadian cattle producers will urge Ottawa to retaliate against the U.S. if the incoming Trump administration imposes a meat labelling program it views as discriminatory, restarting a six-year trade battle, an industry group said on Wednesday. U.S. news network CNN reported on Tuesday that a memo drafted by President-elect Donald Trump’s […] Read more
World continues to digest Trump win
As the world continues to digest Donald Trump’s surprise win in the U.S. presidential election, in many ways it seems to be business as usual. After see-sawing at the open, North American equity markets logged surprisingly strong gains after most market participants were said to have priced in a Hillary Clinton victory. The U.S. dollar […] Read more
NAFTA negotiators see gains for Canada if pact reopened
Reuters — Canada, fearful of talk by the U.S. presidential candidates to reopen the North American Free Trade Agreement, could use the opportunity to push for a better deal on worker mobility, dispute resolutions and other issues, Canadian negotiators of the original pact said. Republican Donald Trump calls NAFTA the worst trade deal signed by […] Read more
Trump vows to renegotiate or withdraw from trade deals
Reuters — Republican presidential candidate Donald Trump on Tuesday promised to renegotiate international trade deals, withdraw from them if he is not satisfied and use executive power to remedy trade disputes with China if he wins the White House. Trump, speaking at an aluminum scrap metal factory in Monessen, Pa., south of Pittsburgh, said he […] Read more
Cyber-Savvy Farmer
