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Less canola, more wheat expected from Statistics Canada

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tagged canola statistics canada wheat
Winnipeg | MarketsFarm – Canadian farmers will likely seed less canola and more spring wheat in 2019, but the extent of any acreage shifts remains to be seen as market participants await Statistics Canada’s first seeded area estimates of the year on April 24. Canola prices in Western Canada have dropped over the past few months, as a trade dispute with China cuts into export demand. The uncertain trade situation has farmers questioning their planting intentions, but rotational…
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China finds more cases of African swine fever on Hainan island

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tagged African swine fever China pigs
Beijing | Reuters – China has detected new cases of African swine fever in six farms across four locations in Hainan province, the agriculture ministry said on Sunday, adding to two earlier cases of the contagious disease identified in the province on Friday. The disease, which is fatal to pigs but harmless in humans, has spread to every province on the Chinese mainland since its initial detection in August 2018. Authorities previously said they hoped the disease would not…
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Ottawa pressed to consider more options on China’s canola ban

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tagged ambassador Canada canola Canola Council China diplomats inspections Meng Wanzhou technical discussions Western Canadian Wheat Growers
With canola export issues still looming large, some Canadian ag industry groups want the federal government to boost its diplomatic presence on the matter. The Canola Council of Canada on Wednesday said a Canadian technical delegation "has not yet been accepted" to travel to China and address Beijing's recent suspensions of canola imports from two Canadian grain firms, Richardson International and Viterra. The two companies' licenses to ship canola to China were [Read more]

Aurora Cannabis to buy up all of processor Hempco

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tagged Aurora cannabis CBD hemp hemp foods Hempco industrial hemp Planet Hemp Praise hemp
Edmonton cannabis company Aurora Cannabis is set to buy up the balance it doesn't already own in hemp processing firm Hempco Food and Fiber. Aurora announced Tuesday it will pay $1.04 a share for the remaining shares of Vancouver-based Hempco, which makes and sells Planet Hemp hemp-based foods and Praise hemp-based supplements for dogs and horses. Hempco is also now commissioning a new processing plant at Nisku, just south of Edmonton. Aurora bought a minority stake of just under 20 per…
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WTO finds for U.S. on crop tariff dispute with China

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tagged China corn Dispute Settlement Body rice tariff rate quota TRQ USDA wheat WTO
MarketsFarm -- The World Trade Organization (WTO) has ruled largely in favour of the United States in a trade dispute regarding China's application of tariff rate quotas (TRQs) for wheat, corn and rice. The ruling, issued by the WTO's Dispute Settlement Body (DSB), stated China did not apply the TRQs on imports of wheat, rice and corn from the U.S. on a "transparent, predictable and fair basis." China could have imported more of those commodities from the U.S. In the dispute,…
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Ontario chamber makes recommendations to boost cannabis sector

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tagged cannabis chamber of commerce edible extracts Health Canada licensing marijuana OCC ontario topicals
Reuters --The Ontario Chamber of Commerce (OCC) on Thursday made several recommendations that address issues affecting the province's booming marijuana industry, including having a common excise stamp to help cannabis makers ship their products smoothly. The industry body also recommended bolstering Health Canada, the country's health regulator, so that it can issue licenses to facilities at an "accelerated rate" without compromising the inspection process. Ontario is home to…
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USMCA deal modestly boosts U.S. economy, trade panel finds

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tagged AEM auto parts Congress free trade ITC labour Mexico NAFTA NCGA ratification USMCA
Washington | Reuters -- The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday. The ITC report is a crucial step in the push for Congress to consider ratification of the U.S.-Mexico-Canada Agreement, which was signed by President Donald Trump and the leaders of the other…
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Feed weekly outlook: Barley acreage buoyed despite current prices

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tagged Australia barley barley acres barley prices China drought El Nino feed barley feedlot alley feedlots
MarketsFarm -- International demand for Canadian feed barley has been strong thanks to a 2018 growing season drought in Australia that limited exportable supplies. China purchased nearly 950,000 tonnes of Canadian barley in the first seven months of the 2018-19 year, significantly above the five-year average. However, feed markets in general are quite sluggish ahead of spring planting season. Lethbridge's Feedlot Alley is currently bidding about $250 per tonne delivered for…
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U.S. grains: Soybeans turn higher after dropping to five-month low

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tagged cbot China closing markets corn futures South America soybean futures soybeans wheat futures
Chicago | Reuters -- U.S. soybean futures turned higher on Thursday after dropping to a five-month low on concerns about weak export demand and large harvests in South America. Corn futures ended near unchanged, while wheat futures touched a one-month low on a broadly favourable harvest outlook in the Northern Hemisphere. Positioning ahead of a three-day weekend fueled the turnaround in soybeans, traders said, with U.S. grain markets closed for Good Friday. Yet large global…
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