Mexican Economy Minister Marcelo Ebrard said on Tuesday he expected a resolution on a dispute under the U.S.-Mexico-Canada free trade pact regarding Mexican restrictions on imports of genetically-modified (GM) corn by Dec. 14.
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Mexico expects resolution on GM corn dispute by Dec. 14
More precipitation at the start of winter says Environment and Climate Change Canada
Environment and Climate Change Canada (ECCC) presented its winter seasonal outlook on Dec. 4. Officials said they expect temperatures across the country to be close to or above normal for the beginning of winter. However, they pointed out Western Canada is likely to experience normal to below normal temperatures come January and February.
U.S. grains: Soybeans fall as good South America weather lift crop prospects
U.S. soybean futures fell on Wednesday on favorable crop weather in South America and concerns about the incoming Trump administration's hawkish approach to trade with top importer China.
Agriculture groups praise CEPA trade deal with Indonesia
The Canadian Meat Council says a new trade agreement between Canada and Indonesia holds significant potential for meat exporters.
Biden administration will not finalize clean fuel tax credit guidance
Ethanol producers hoping aviation fuel would provide market growth after amid stagnant demand
Biden administration officials will not finalize highly anticipated guidelines on new clean fuel production tax credits aimed at the airline and biofuel industries before they leave in January, three sources told Reuters, casting doubt on the future of a key piece of the U.S. president's climate agenda.
Italy wants changes to EU-Mercosur trade deal’s agriculture sections, minister says
Italy wants changes to agricultural sections of the draft EU-Mercosur trade deal with South American countries, Foreign Minister Antonio Tajani said on Wednesday.
Prairie forecast: Melting in the west, milder in the east
Forecast issued Dec. 4, covering Dec. 4 to 11, 2024
Things are looking not too bad for those who want to see snow or deep freeze temperatures. As we start this forecast period, a strong area of Arctic high pressure is dropping southeastwards over the eastern Prairies behind the strong area of low pressure that zipped through on Tuesday. Over the western Prairies, the weather models show a strong ridge of high pressure building over B.C. which is expected to transition eastwards.
U.S. livestock: Cattle futures bounce on tight supplies, firm cash markets
Chicago | Reuters – Chicago Mercantile Exchange live and feeder cattle futures rebounded on Tuesday from prior-session declines, continuing a recent climb sparked by tight cattle supplies and firm cash market prices. Recent strength in wholesale beef prices also encouraged continued buying despite a seasonal tendency for the market to decline after the Thanksgiving holiday
U.S. grains: Soybeans recoup losses, but Brazil crop outlook caps gains
U.S. soybean futures rebounded on Tuesday in a short-covering and bargain-buying bounce from the prior day's losses, although gains were limited by favorable crop prospects in South America, where Brazil is due to harvest a record crop early next year.
Pulse Weekly: Prices for Kabuli chickpeas softer to sideways for balance of 2024
Prairie heatwave results in more smaller chickpeas
Prices for Kabuli chickpeas are likely to be softer to sideways heading into the new year, said Colin Young of Midwest Grain Ltd. in Moose Jaw, Sask.