MarketsFarm – Prices on the Chicago Board of Trade continued to rally on July 19, and to Scott Capinegro of Barrington Commodity Brokers of Barrington, Ill., they appeared set to push higher. Capinegro pointed to the hot and dry weather across much of the United States as the main reason for the gains being made […] Read more
CBOT weekly update: Dry conditions, war propel prices upward
Rally may push well into the week of July 24 and perhaps further: broker
US Grains: wheat futures end firmer amid Black Sea supply worries
Ukrainian officials said Russian air strikes damaged the port of Odesa
Chicago | Reuters – Chicago Board of Trade wheat futures finished stronger on Tuesday after Ukrainian officials said Russian air strikes damaged infrastructure at the port of Odesa, a day after Moscow quit the Black Sea grain export deal. The strikes diminished some expectations that Russia may still renew the export deal, analysts said. Markets […] Read more
Black Sea grain deal expires after Russia quits
United Nations says the move would "strike a blow to people in need everywhere"
United Nations/Moscow | Reuters – A deal allowing the safe Black Sea export of Ukraine’s grain for the past year expired on Monday after Russia quit and warned it could not guarantee the safety of ships in a move the United Nations said would “strike a blow to people in need everywhere.” Moscow suggested that […] Read more
Mexican president moves to prioritize domestic corn for tortillas
Mexico is embroiled in a dispute with the U.S. over decree to limit use of GM corn
Mexico City | Reuters — Mexico’s president announced on Monday he will sign an agreement this week with makers of the country’s food staple tortillas that ensures they only use non-genetically modified (GM) white corn while also setting new tariffs on imports of the grain. Tariffs on white corn imports from countries that do not […] Read more
Philippines to host Canada’s Indo-Pacific ag office
AAFC/CFIA base to be set up in Manila, Bibeau says
Canada’s agriculture department and food safety agency will carry out their part of the federal government’s Indo-Pacific strategy from a new office in Manila, Philippines. Federal Agriculture Minister Marie-Claude Bibeau announced the office’s location Wednesday in Ottawa during a meeting with the Canadian Agri-Food Trade Alliance (CAFTA), which represents Canada’s export-dependent ag commodity groups on […] Read more
Australia reaches deal with China in barley dispute
Trade shift may be 'bad news' for Canada and other exporters
Sydney/Beijing | Reuters — Australia has reached an agreement with China to resolve their dispute over barley imports, the two countries said on Tuesday, a latest sign of improving ties between the major commodity trade partners. Relations between the two had been strained for years, and worsened after Australia called for an inquiry into the […] Read more
New U.S. ag trade chief demands Canada broaden dairy quota access
USTR's new ag rep's eyes also on Mexico GM corn ban
Washington | Reuters — Canada must let U.S. processors of cheese, ice cream, yogurt, milk powder and other dairy products have access to its import quotas to resolve a second U.S. dairy trade challenge, Washington’s new agricultural trade boss told Reuters. Doug McKalip, chief agricultural trade negotiator for the U.S. Trade Representative’s office, told Reuters […] Read more
U.S. wants WTO dispute system fixed by 2024
Appeals body frozen since Trump era; Washington 'very committed' to reform
Geneva | Reuters — The United States is entering a third phase of talks with countries to reform the World Trade Organization’s (WTO) hobbled trade dispute arbitration system and aims for it to be “fully functioning” by the end of 2024, the U.S. ambassador to the WTO told Reuters on Thursday. The WTO’s appeals bench, […] Read more
Canada to boost defence, cyber security in Indo-Pacific policy
New policy document puts focus on 'disruptive' China
Ottawa | Reuters — Canada launched its long-awaited Indo-Pacific strategy on Sunday, outlining $2.3 billion in spending to boost military and cyber security in the region and vowed to deal with a “disruptive” China while working with it on climate change and trade issues. The plan detailed in a 26-page document said Canada will tighten […] Read more
Feds pledge agriculture office for Indo-Pacific export support
Ottawa aims to tighten ties with region
Updated Nov. 23 — Canada’s latest round of federal efforts to boost economic ties with the Indo-Pacific region will include its first dedicated agriculture and agri-food office in the region. Prime Minister Justin Trudeau’s tour through the region last week included a pledge of $31.8 million over five years for a regional agriculture office, to […] Read more
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