» Daily news

Exporters, fearing border tax, scramble to shift production

No Comments

tagged border tax exporters exports Mehadrin Trump
Ottawa | Reuters -- Canadian exporters are scrambling to find ways to avoid a potential 10 per cent import tax promised by U.S. President-elect Donald Trump, including the possible shifting of production or supply lines south of the border. Amid warnings from the Bank of Canada on Wednesday that protectionist policies brought in by Trump could drive companies to invest in the U.S. rather than Canada, executives said their search for options has already begun. Canadian exporters…
[Read more]

P+H to expand Alberta ag retail reach

No Comments

tagged alberta Andrukow CPS crop retail P+H Parrish and Heimbecker
Grain company Parrish and Heimbecker plans to expand its crop input retail space into east-central Alberta by buying four store sites in a federally-mandated sale. The privately-held Winnipeg firm on Monday announced it has reached an agreement with Agrium's retail arm, Crop Production Services, to buy the sites at Sedgewick, Wainwright, St. Paul and Marwayne. The federal Competition Bureau in September had ordered CPS to find a buyer for the four sites, which are all within about a…
[Read more]

U.S. grains: Wheat down on profit-taking, export fears

No Comments

tagged cbot closing markets corn futures soybean futures wheat futures
Chicago | Reuters -- U.S. wheat futures fell nearly two per cent on Thursday on profit-taking and expectations of slowing export demand in the wake of this week's rally to multi-month highs, analysts said. Soybean futures also declined as the market consolidated after a run-up to a six-month peak. But corn firmed on technical buying and strong production of corn-based ethanol fuel. Chicago Board of Trade March wheat futures settled down 7-1/2 cents at $4.23-1/2 per bushel (all…
[Read more]

U.S. livestock: Cash prices push CME live cattle higher

No Comments

tagged cattle futures closing markets CME FCE Fed Cattle Exchange feeder cattle hog futures lean hogs live cattle
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures moved higher for a fourth straight session on Thursday, driven by this week's cash price surge, traders said. February live cattle closed 0.75 cent/lb. higher at 121.025 cents, and April closed up 0.475 cent, to 119.875 cents (all figures US$). Both contracts notched 10-month highs for a third day in a row. On Thursday, slaughter-ready, or cash, cattle in the U.S. Plains traded at $122-$123/cwt, up from…
[Read more]

CP’s revenue, Prairie grain handle down for year

No Comments

tagged canadian pacific carloads cp CSX fourth quarter grain revenue hunter harrison Keith Creel
A reduced Prairie grain handle has taken a bite out of the year-end gross for Canadian Pacific Railway in what's turned out to be CEO Hunter Harrison's last year on the job. Calgary-based CP on Wednesday announced full-year net income of $1.599 billion on $6.232 billion in gross revenues, up from $1.352 billion on $6.552 billion in 2015. Fourth-quarter net income came in at $384 million on $1.637 billion in revenues, up from $319 million on $1.687 billion in the year-earlier…
[Read more]

Ireland reports BSE case, says no risk to health

No Comments

tagged atypical BSE BSE Ireland OIE
Dublin | Reuters -- Ireland said Wednesday that a dead cow had been confirmed as having bovine spongiform encephalopathy (BSE), but said it had not entered the food chain and there was no risk to human health or beef's trade status. The animal tested positive for "atypical" BSE, Ireland's agriculture department said in a statement, referring to the strain that it said has been identified more recently and which occurs spontaneously in older animals with a low incidence rate. That…
[Read more]

Trump to name ex-Georgia governor as ag secretary

No Comments

tagged Georgia secretary of agriculture Sonny Perdue Trump USDA
Washington | Reuters -- U.S. President-elect Donald Trump will name former Georgia Governor Sonny Perdue as his nominee for secretary of agriculture on Thursday, a senior transition official saidn Wednesday. Perdue, 70, served on Trump's agricultural advisory committee during his presidential campaign. His nomination, which must be confirmed by the Republican-led Senate, will complete Trump's proposed cabinet just before he is sworn in as president on Friday. By nominating a…
[Read more]

Prairies keep warming

1 Comment

tagged Canada prairies temperature weather
Temperatures continued rising across most parts of the Prairies Wednesday, as highs reached +10 C at WeatherFarm stations around Maple Creek in southwestern Saskatchewan, +9 C around Calgary, Lethbridge, Red Deer and Moose Jaw, +6 C around Saskatoon, Prince Albert, Brandon and Dauphin and +5 C around Regina, Melfort and Dawson Creek. Lows Wednesday slipped to just +3 C around Calgary, Medicine Hat and Lethbridge, +2 C around Moose Jaw and Maple Creek and -2 C around Brandon, but dropped to…
[Read more]

B.C. to defend wine industry against U.S. trade action

No Comments

tagged british columbia grocery stores NAFTA wine WTO
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. and other imported wine by allowing only local wine to be sold in grocery stores. "Trade agreements such as NAFTA allow for a…
[Read more]

France’s Roquette bets on pea protein with Manitoba plant

No Comments

tagged manitoba pea protein Portage la Prairie Roquette vegetable protein
Paris | Reuters -- French plant-based ingredient maker Roquette will build the world's largest pea protein facility in Manitoba to meet fast-growing demand for vegetable protein in food and pharmaceutical products in North America, the group said Wednesday. The global pea protein market has seen a sharp rise in recent years, mainly driven by increasing demand for processed and healthy food. The new factory, representing an investment of more than $400 million, will be located…
[Read more]
« Older articles
COPA Medallion COPA finalist in 2012, 2014 and 2015.
©2017 AGCanada is a production of Glacier FarmMedia Limited Partnership. Any affiliated or third party content is the property of its respective owner and is used with permission.
Please refer to Copyright Page for details.
Click here to view our Website Terms of Use.