Business/Finance Archives - Page 27 of 63

Dutch grain trader Nidera is one of the recent acquisitions COFCO hopes will transform it into a top international grain company.

China’s COFCO makes painful cuts in drive to lead global food trade

The state-owned trading company is aiming to elbow its way in to the club of top grain traders

By Gus Trompiz, Hallie Gu, Jonathan Saul January 31, 2018

China’s COFCO International is in the throes of a staffing upheaval as the group pursues its professed ambition of sitting at the top table of global agricultural traders. But doubts persist among some in the industry over whether the trading firm will really challenge the existing four dominant players in grains, oilseeds and sugar. In

Don’t expect big moves from the loonie in 2018, analysts say.

Currency markets, News, Other

Loonie to stay range bound in 2018

Higher oil prices and an expected interest rate rise are keeping the Canuck buck aloft

By Ashley Robinson - MarketsFarm January 16, 2018

Following the Canadian dollar’s recent rally it should stay range bound, according to financial analysts. “It’s a little bit of an exciting story for the loonie. We’re just kind of seeing it range bound but that’s sort of what the fundamentals are telling us,” said Brian DePratto, senior economist with TD Economics. Over the course

Soy Canada wants to see soybean acres grow quickly over the next decade.

News, Oilseeds

Soy Canada charts ambitious growth plan

The industry organization wants to see Canadian soybean production double in a decade

By Alex Binkley January 16, 2018

Soy Canada has unveiled a plan to encourage soybean production to nearly double to 10 million acres by 2027 and set in motion growth in the crushing sector rather than exporting raw beans. Soy Canada’s directors have endorsed a comprehensive strategic market readiness plan that is the first “to involve the entire soybean value chain,

Cereals, Grain Markets, Markets

Prairie wheat bids follow U.S. futures higher

The Canadian dollar rose almost one U.S. cent on the week

By Ashley Robinson - MarketsFarm January 11, 2018

Hard red spring wheat bids in Western Canada rose over the past week, following the lead of U.S. futures markets, despite gains in the Canadian dollar. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices rose by about $3-$4 per tonne in some areas of Western Canada, according

Markets, Oilseeds

Where are canola prices going?

To answer that question you’ll need a good handle on factors around the world affecting the oilseed complex

By David Derwin January 10, 2018

A question I get asked a lot is, “Where are canola prices going?” That’s not something you can answer just by looking out your back door, throughout your province, or even across the Prairies. You really have to look around the world at all oilseed markets to get a better sense of where our canola

Equipment, News, Other

Farm equipment manufacturers looking to boost exports

These manufacturers are a small-town Canada success story and major employers for their home communities

By Alex Binkley January 10, 2018

Canada’s farm machinery makers want to grow their export market in the coming years, a development they say would be a good news story for rural Canada as a whole. “Canadian-made farm equipment is among the highest quality and most sought out in the world,” Leah Olson, president of the Agricultural Manufacturers of Canada (AMC),

Opinion

Opinion: Not sufficient for gains to outweigh losses in trade

By Daryll E. Ray, Harwood D. Schaffer January 10, 2018

One of the surprise issues of the 2016 U.S. election was trade policy. For decades Republicans and some Democrats have supported a succession of bilateral and multilateral trade agreements including the pending Trans-Pacific Partnership (TPP) agreement which includes the U.S. and 11 other Pacific Rim nations. Opposition to these agreements traditionally was concentrated among Democrats

Opinion

The input industry championed the three-decade push for all-out production

Planned production reductions would eat into their bottom line, making them an unpopular policy topic

By Daryll E. Ray, Harwood D. Schaffer January 3, 2018

Why are supply management programs such an anathema to so many people? Part of the reason can be traced to events that took place 34 years ago. Between the 1981 crop year and the 1982 crop year, corn ending stocks increased 1.0 billion bushels (12.2 per cent of production) to 3.5 billion bushels with grain

Mike Gifford, Canada’s former chief agricultural trade negotiator, says the elements for a deal on agriculture through NAFTA are there without scrapping supply management.

News

NAFTA ag deal while keeping supply management possible

Mike Gifford says the negotiations are unique because agriculture doesn’t top the agenda

By Allan Dawson December 22, 2017

An agreement on agricultural trade under a renegotiated North American Free Trade Agreement (NAFTA) is possible without gutting dairy supply management, says Mike Gifford, Canada’s former chief agricultural trade negotiator. The United States is Canadian agriculture’s biggest customer generating more than $50 billion in annual revenues. Terminating NAFTA, as U.S. President Donald Trump threatens to

News

Export-oriented farmers need to boost lobby effort

Dairy farmers have done a great job influencing politicians, says a former Canadian ag trade negotiator

By Allan Dawson December 22, 2017

Export-oriented farmers should emulate dairy farmers if they want to get their policies implemented, says Mike Gifford, Canada’s former chief agricultural trade negotiator. “If you want to influence politicians you basically have to spend money to lobby,” Gifford said during the Fields on Wheels conference Dec. 15 in Winnipeg. “That’s where the supply management sector,

Daily Network News

U.S. livestock: Cattle, hog futures rise on first WASDE since September

U.S. export sales include only small soybean business to China

U.S. corn and soybean yields revised down by USDA

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