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Top U.S. NAFTA negotiator sees no problem with pace of talks

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tagged dairy sector dispute settlement free trade Freeland NAFTA negotiations Trudeau Trump
Ottawa | Reuters -- The top U.S. negotiator at talks to modernize the NAFTA trade pact on Monday dismissed questions about why his team had so far failed to produce specific proposals on key issues, saying "I don't see a problem." Officials from the U.S., Mexico and Canada are in Ottawa for the third of seven planned rounds of talks. The U.S. delegation has yet to unveil its precise position on several points, prompting concerns the process to update the 1994 pact could drag on…
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Philippines’ Jollibee eyes deals to grow

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tagged China Jollibee mature markets Philippines Pret a Manger Smashburger
Manila/Singapore | Reuters -- Filipino billionaire Tony Tan Caktiong, who has built Jollibee Foods Corp. into a near-4,000 store purveyor of sweet-style spaghetti, burgers and fried chicken, is looking to buy existing brands in mature markets to help fuel future growth. Dominant at home, where Jollibee has 1,000 eponymous stores welcoming diners with its smiling bee logo, Tan now wants to reshape the $5 billion group as a global fast-food company, bankers and fund managers say (all…
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Brazil’s Supreme Court won’t release JBS brothers

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tagged Batista JBS plea bargain Supreme Court
Sao Paulo | Reuters -- Brazil Supreme Court Justice Gilmar Mendes on Friday denied a request to release from jail Joesley and Wesley Batista, the brothers who control the world's largest meatpacker JBS SA. The Batistas' defense challenged the detention of the brothers after their arrest last week by federal police in a probe into the use of privileged financial information about JBS stocks and currencies in the Brazilian market. A lower court denied another release request last…
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U.S. livestock: Cattle hit one-month high ahead of USDA data

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tagged cattle futures cattle on feed closing markets CME cold storage feeder cattle hog futures lean hogs live cattle USDA
Chicago | Reuters -- U.S. live cattle futures jumped to the highest levels in over a month on Friday, lifted by technical buying and expectations for bullish government supply data that was due after the close of trading. The U.S. Department of Agriculture's (USDA) Cattle on Feed report, however, was deemed bearish by analysts, and that could pressure futures come Monday. Chicago Mercantile Exchange October live cattle rose 1.475 cents to 111.575 cents/lb. while the most-active…
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Prairie canola, soy now in Cargill ProPricing portfolio

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tagged canola canola contracts cargill InventoryPro ProPricing soybean contracts soybeans wheat wheat contracts
Canola and soybean growers in Western Canada are now able to get in on Cargill's ProPricing grain marketing program for the 2017-18 season. The U.S. agrifood company's Winnipeg-based Canadian arm announced Sept. 14 it would offer its first-ever canola contract in its ProPricing portfolio, allowing eligible growers to hand off a portion of their canola marketing to Cargill traders. ProPricing, previously available to corn, soybean and wheat growers in the U.S. and Ontario, was first…
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U.S. cattle placements spike in August

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tagged beef cattle futures cattle on feed cattle placements cold storage feedlots USDA
Chicago | Reuters -- Ranchers placed 1.93 million cattle in U.S. feedlots in August, the U.S. Department of Agriculture said on Friday, in a stronger-than-expected report likely to weigh on futures early next week. Cattle placements rose about three per cent from August in 2016, USDA said. Analysts polled by Reuters had predicted a decline of nearly three per cent. The placements were the largest for August since 2012 and the largest overall since May of this year, when 2.119…
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Post-secondary cannabis credentials on offer

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tagged cannabis hemp hempseed licensed production marijuana Niagara College School of Environment and Horticulture
Degree and diploma aggies interested in producing commercial cannabis and/or hemp will be able to get college-certified starting next year. Niagara College announced Tuesday it will launch a graduate certificate program in commercial cannabis production in 2018, a program it bills as Canada's "first post-secondary credential" in the crop's production. Niagara picked up approval this summer from Ontario's Ministry of Advanced Education and Skills Development to offer the one-year…
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WTO panel set up on China-U.S. row on grain import quotas

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tagged China Dispute Settlement Body grain imports import quotas tariff rate quotas TRQs United States WTO
Geneva | Reuters -- A World Trade Organization (WTO) dispute panel was set up Friday to rule on a U.S. complaint over Chinese import quotas on farm goods including wheat, rice and corn, a trade official said. The panel on tariff rate quotas (TRQs) for agricultural products was automatically established as it was the second request by the U.S. at the WTO Dispute Settlement Body, after China blocked the first attempt on Aug. 31. The row was initiated under the Obama administration,…
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U.S. grains: Soy at six-week top on exports, yield uncertainty

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tagged cbot closing markets corn futures soybean futures soybean harvest USDA wheat futures
Chicago | Reuters -- U.S. soybean futures hit a six-week high on Friday on stepped-up export demand and uncertainty about the size of the U.S. crop, analysts said. Corn followed the firm trend, supported by chart-based buying. Chicago Board of Trade December wheat set a one-month high but turned lower. Chicago Board of Trade November soybeans settled up 13-1/2 cents at $9.84-1/4 per bushel after reaching $9.87, the contract's highest since Aug. 10 (all figures US$). CBOT…
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Eastern Prairies continue warmer

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tagged Canada CoCoRaHS prairies temperature weather WeatherFarm
The eastern end of the Prairies remained in a relatively summer-like range Thursday, as lows dipped to 12 C around Winnipeg, 8 C around Dauphin and Portage la Prairie, 4 C around Brandon, Yorkton and Estevan, 1 C around Edmonton, Regina, Brooks and Melfort, -1 C around Calgary, Saskatoon, Grande Prairie, Red Deer, Kindersley and North Battleford and -2 C around Medicine Hat, Swift Current and Rosetown. Highs at WeatherFarm stations Thursday reached 25 C around Winnipeg, 19 C around Portage…
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