United States Department of Agriculture Secretary Sonny Perdue held a press conference at the National Cattlemen's Beef Association convention this week in San Antonio, Texas, to talk about the U.S. government's work on trade, dairy access, and more. As one of the biggest supporters of U.S. President Donald Trump's agenda, Secretary Purdue boasted about the... Read More
Category: Trade
Beef industry leaders from Canada, United States, and Mexico are meeting in San Antonio, Texas this week at the National Cattlemen's Beef Association (NCBA) Cattle Industry Convention. Representatives from all three countries discussed the progress on ratifying the United States-Mexico-Canada Agreement. With Mexico and the U.S. ratifying the deal, Canada is the lone country left... Read More
Fresh off of the signing of the Phase One trade deal three weeks ago between the U.S, and China, concern is rising on whether the coronavirus outbreak in China will impact the country's ability to meet its purchase commitments. Earlier this week, reports that China will seek "flexibility" from the U.S. on the deal were... Read More
At first it seems counterintuitive, since canola values usually follow soybean prices, but reduced demand for soybeans in China as a result of African swine fever (ASF) is contributing to a bullish scenario for canola prices, according to a senior analyst with Oil World. As China's demand for soy protein has fallen due to the... Read More
Canada's relationship with China could get worse before it gets better, depending on the outcome of the U.S. extradition request for Chinese telecommunications executive Meng Wanzhou, according to an expert on Chinese affairs at the University of Alberta. Farmers in both Canada and the U.S. have been paying close attention to their respective country's relationship... Read More
The Canadian government has introduced legislation to implement the new trade deal between Canada, the United States, and Mexico — the last of the three countries to do so. Deputy Prime Minister Chrystia Freeland tabled Bill C-4, formally known as An Act to implement the Agreement between Canada, the United States of America and the... Read More
It has not been a great two weeks for the agricultural commodity market, as selling pressure has dominated the grain complex. Although corn found positive territory on Tuesday, the rest of the grain commodities were in the red again. "The market had a high expectation of China purchases post-trade deal signing and that has not... Read More
To the relief of farmers, China and the U.S. have agreed and signed Phase One of a "multi-phase" trade deal. It remains to be seen whether this is a truce, a pause, or an easing of tensions, but farmers are encouraged. The Phase One deal is being met with high amounts of bipartisan criticism due... Read More
Manitoba Ag Days may mark a beginning to the agriculture year ahead, but the hangover of 2019 is still firmly in place for the province's farmers. A rough harvest is being made worse by the new carbon tax added to grain drying fuel bills, canola from two main exporters (one Winnipeg-based) is still blocked from... Read More
When thinking of Canadian pulse exports, most think of India. That thinking needs to evolve, says Chuck Penner, founder and grain market analyst for LeftField Commodity Research. "A number of years ago we were getting all hot and bothered about massive volumes, and it was great business while it was there," Penner says. "So we... Read More