Canadians don’t think that food and agriculture will be a significant issue in the current federal election. A survey conducted Sept. 9 and released Tuesday by Angus Reid Global with the support of Dalhousie University’s Agri-Food Analytics Lab shows 31 per cent of Canadians believe food and agriculture will be a prime electoral issue during […] Read more
Food, farming not expected to be big election issues
ICE weekly outlook: Little to sustain canola bids in bear market
MarketsFarm — Although there will be some bounces in ICE canola futures, there is very little currently to sustain any increases in bids, according to Errol Anderson of ProMarket Communications. While the market has stabilized for the time being, it’s technically oversold, Anderson said. The market can rebound $5-$10 per tonne, he said, but it’s […] Read more
CBOT weekly outlook: African swine fever paralyzes futures
MarketsFarm — Ahead of the U.S. Department of Agriculture’s next crop report due out March 29, market experts are looking to headlines for direction in the Chicago futures. U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin return to China next week, with the goal of hammering out a trade deal in weeks to […] Read more
Trump budget proposes steep subsidy cuts to U.S. farmers
Washington | Reuters — U.S. President Donald Trump’s 2020 budget on Monday proposed a 15 per cent cut for the U.S. Department of Agriculture, calling its subsidies to farmers “overly generous” at a time when they are going through the worst crisis in decades because of depressed commodity prices and Trump’s trade tariffs. The Republican […] Read more
U.S. grains: Soybeans lower on South America weather, trade jitters
Chicago | Reuters — U.S. soybean futures fell about one per cent on Monday on improving crop weather in South America and worries about a looming March 1 deadline for a U.S.-China trade agreement, analysts said. Corn futures followed soybeans lower while wheat futures were mixed, with Chicago Board of Trade contracts edging higher. CBOT […] Read more
Feed weekly outlook: Tight supplies, good demand support barley
Solid demand, both domestically and internationally, coupled with tightening world supplies is keeping barley bids well supported in Western Canada and should lead to increased acres this spring. “The price of feed barley is staying historically high,” said Brian Otto, chair of the Barley Council of Canada, noting feed barley at Lethbridge was currently trading […] Read more
U.S. livestock: CME cattle fall as temperatures set to rise
Chicago | Reuters — Chicago Mercantile Exchange cattle futures eased on Monday, pressured by forecasts for better weather in the U.S. Plains following snowstorms and bitter cold in the past week, traders said. “The big thing in the cattle was a real clear message that we have a sharp increase in temperatures coming up in […] Read more
Canola trade on edge over China tensions
Canadian canola exports to China face some uncertainty as concerns mount that political tensions between the two countries could spill into trade. The back-and-forth tariff dispute between the U.S. and China, and resulting decline in Chinese purchases of U.S. soybeans, originally led to ideas that Canada would pick up some of the slack with increased […] Read more
Ag seen gaining on slightly weaker loonie in 2019
CNS Canada — Farm Credit Canada (FCC) predicts the Canadian dollar will spend the year around the 75-U.S. cent mark — slightly softer than last year’s average of 76. “We’re going to see volatility throughout the year obviously but when we look at that season, or the full year average, we’re looking for it to […] Read more
CBOT weekly outlook: Trade news having little effect
CNS Canada — Even though news out of Beijing regarding the trade talks between the U.S. and China were reported as ending on a positive note Wednesday morning, one broker watching the Chicago Board of Trade didn’t see it having much effect on commodities. “The only thing that would be a real positive announcement would […] Read more
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