Reading Time: 4 minutes Canadian pork producers need “immediate help” from government to deal with a price plunge sparked by U.S. President Donald Trump’s tariff wars with China and Mexico. “What we’re seeing right now is really bad,” said Darcy Fitzgerald, executive director of Alberta Pork. “And a lot of it has to do with what’s going on with […] Read more
Pork producers slammed by tariff war call for government aid
The bottom fell out of the pork market this summer and Alberta producers are suffering huge losses
Swiss voters reject more aid for farmers
Zurich | Reuters — Swiss voters decisively rejected more help for farmers in two referendums on Sunday, heeding the government’s warnings that the measures would send food prices rocketing and hurt the economy, projections for broadcaster SRF showed. Opinion polls had shown early widespread support for more farm aid was fading as the vote neared […] Read more
Informal NAFTA talks seen likely in next few days at U.N.
Montreal | Reuters — U.S. and Canadian officials trying to reach a deal on NAFTA are “very likely” to hold informal talks on the sidelines of a major U.N. meeting in the next few days, Canadian Prime Minister Justin Trudeau said on Sunday. With time running out ahead of a U.S.-imposed deadline of the end […] Read more
CBOT weekly outlook: Spec selling pressures corn, soy
CNS Canada — A recent round of contract selling by speculators has created a bearish outlook for corn and soybeans. Recently, both crops suffered losses after the U.S. Department of Agriculture released production estimates on Sept. 12 that were higher than expected. According to a trader, these and other challenges have painted a bearish picture […] Read more
Ag trade flows may change amid trade dispute, Bayer says
Monheim | Reuters — Bayer said on Tuesday it would be difficult to predict 2019 earnings at its agriculture business, which now includes Monsanto, because a U.S.-Chinese trade dispute could reroute global trade flows in farming commodities. The head of Bayer’s crop science division told Reuters his company could even benefit if U.S. farmers switched […] Read more
U.S. grains: Soy hits 10-year low on huge U.S. crop, trade woes
Chicago | Reuters — U.S. soybean futures fell to life-of-contract lows on Tuesday and the most actively traded contract hit its lowest in a decade as an escalating U.S.-China trade war darkened U.S. export prospects, analysts said. Corn futures also hit contract lows as the U.S. harvest expanded, while wheat futures rose on tightening global […] Read more
Canada’s short line equipment makers on the cutting edge
These smaller manufacturers exported $1.8 billion of equipment and implements last year
Reading Time: 3 minutes If you’re frustrated that the big names in equipment manufacturing aren’t rolling out autonomous systems quickly enough, you may want to look a little closer to home. “With the clock ticking on when we’ll see autonomous farming become a commercial reality, my hope is that we’ll see Canadian manufacturers lead the way there,” said Leah […] Read more
U.S. grains: Corn slips to contract lows
Chicago | Reuters — U.S. corn futures fell about one per cent on Monday, with nearby months hitting contract lows as the harvest of a bumper crop picked up speed in the Midwest and early yield reports were strong, traders said. Soybean futures also declined on harvest progress, along with disappointing U.S. soy crush data […] Read more
U.S. grains: Wheat rebounds on bargain buying, corn follows
Chicago | Reuters — U.S. wheat futures jumped three per cent on Friday, rebounding from an eight-week low on a round of technical buying and short-covering ahead of the weekend, traders said. The gains in wheat pulled corn futures slightly higher but expectations for a bumper U.S. harvest stifled rally attempts. Soybeans closed lower on […] Read more
U.S. livestock: Live cattle end mixed
Chicago | Reuters — U.S. live cattle futures ended mixed on Thursday as nearby contracts were anchored by their premium to cash market prices while deferred months firmed to contract highs on a strong demand outlook, traders said. Feeder cattle futures followed deferred live cattle contracts higher, along with continued support from a slumping corn […] Read more