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U.S. grains: Crop forecasts lift corn, soy for second day

Chicago | Reuters — U.S. soybean futures rose for a second straight session on Friday on short-covering and follow-through buying after a government report the prior day forecast a smaller-than-expected U.S. harvest. Corn also advanced after the U.S. Department of Agriculture (USDA) unexpectedly cut its U.S. corn yield outlook in a monthly report on Thursday […] Read more

Hand over wheat field in early summer evening.

Canada’s grain industry welcomes USMCA

The United States is an important market for Canadian grains and oilseeds

Canada’s grain sector has nothing but praise for the United States-Mexico-Canada Agreement (USMCA). The trilateral deal reached Sept. 30 not only continues to give Canadian grain access to markets in the United States and Mexico, but it will also modernize areas covered under the former North American Free Trade Agreement (NAFTA), including chapters on biotechnology […] Read more

Livestock opinions diverge on USMCA

Supply-managed sectors are calling foul on NAFTA’s successor, but livestock industries like pork and beef are welcoming the deal with open arms

Livestock sectors are split on yet another free trade agreement, this one the successor to NAFTA. Canada’s dairy sector has made no secret that it is unhappy with the United States-Mexico-Canada Agreement (USMCA), which promises new access for the U.S. dairy industry, an end to Class 6 and Class 7 milk products within six months […] Read more

Heavy canola deliveries despite harvest delays

CNS Canada — Canadian farmers made heavy deliveries of canola into the commercial pipeline during the first week of October, according to the latest Canadian Grain Commission data. The active movement came despite persistent reports of harvest-delaying weather in many areas. While snow continued to keep farmers off of their fields in parts of the […] Read more

Dairy and poultry farm groups discuss USMCA compensation

It could take more than money to settle the ruffled feathers of supply management groups, who say they were pawns in the negotiations

Within hours of announcing a new free trade deal with the United States and Mexico, Prime Minister Justin Trudeau and Foreign Affairs Minister Chrystia Freeland were promising compensation for dairy and poultry farmers. While Trudeau and Freeland talked as if the compensation discussions had already started, Agriculture Minister Lawrence MacAulay has just begun to arrange […] Read more

ice futures

Canola funds bail out of short positions

CNS Canada –– Large speculative traders bailed out of short positions in canola and picked up some new longs during the week ended Tuesday, cutting their net short position sharply, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators reduced their […] Read more

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