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File photo of a canola crop south of Ethelton, Sask. in 2019. (Dave Bedard photo)
Crops, Markets

Canada’s drought forces canola importers to turn elsewhere

'Importers...are going to be left out in the cold'

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Winnipeg | Reuters — Canada’s smallest canola harvest in 13 years, resulting from severe drought, is forcing importers like Japan and Mexico to pay more or scour other countries for the yellow-flowering oilseed. With the scant available Canadian canola fetching high prices, customers of the world’s biggest canola exporter are leaning more heavily on smaller-producing
Beef is on display at a Walmart in Beijing on Sept. 23, 2019. (File photo: Reuters/Tingshu Wang)
Markets

China applies to join Trans-Pacific trade pact

Second-biggest economy seeks to add to economic clout

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Updated, Sept. 17 — Beijing | Reuters — Japan said it would have to determine if China meets the “extremely high standards” of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after the world’s second-biggest economy formally applied to join. Commerce Minister Wang Wentao submitted China’s application to join the free trade agreement in
Markets, News

Japan ends 300 years of trading rice futures

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Reuters – Japan’s Osaka Dojima Commodity Exchange will end trading in rice futures, it said Aug. 6, nearly 300 years after it began trading as the first product on the world’s oldest futures exchange. The last futures will trade in June 2022 when all outstanding rice contracts will have expired, ending trade that began in
File photo of a container vessel being unloaded at a U.K. port. (Sterling750/iStock/Getty Images)
Markets

Trans-Pacific trade partners agree for U.K. to start joining process

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Tokyo | Reuters — Member nations of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) on Wednesday officially agreed to allow the United Kingdom to start the process of joining the pact, Japan’s economy minister said. Japanese Economy Minister Yasutoshi Nishimura told reporters he welcomed the start of Britain’s joining process after hosting an
A canola field near Pincher Creek, Alta. (Laughingmango/E+/Getty Images)
Crops, Markets

Japan increases demand for canola

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MarketsFarm — Japan has continued to generate an increased demand for canola, according to Daisuke Sasatani, the U.S. Department of Agriculture’s (USDA) attaché in Tokyo. Sasatani said approximately 98 per cent of Japan’s canola imports are from Canada, while Australia supplies the remainder. The attaché estimated Japan’s canola imports in 2020-21 are to rise by
Markets, News

Japan temporarily sets higher tariffs on U.S. beef imports

Imports surpass the tariff-rate quota

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Tokyo | Reuters – Japan is temporarily raising tariffs on U.S. beef imports as volumes have exceeded levels agreed to between the two nations for the fiscal year ending on March 31, Japan’s Agriculture Ministry said March 17. From March 18, the tariff will rise to 38.5 per cent from 25.8 per cent for 30
(PaulCowan/iStock/Getty Images)
Markets

U.K. to ask to join Trans-Pacific trading bloc ‘shortly’

Bilateral deals signed or in works with several CPTPP members

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London | Reuters — Britain will soon submit its application to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc, trade minister Liz Truss said on Wednesday. Since deciding to leave the European Union, a process it completed at the end of 2020, Britain has been seeking out new trading arrangements around
Screenshot of the Gulf Livestock 1 from the website of Dubai-based shipping company Gulf Navigation. (GulfNav.com)
Livestock, Weather

More than 40 crew missing after cattle ship capsizes in storm off Japan

Rescued crew member says engine failed, wave capsized ship

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CORRECTED/UPDATED, Sept. 3 — Tokyo/Wellington | Reuters — More than 40 crew members were missing after a ship carrying cattle from New Zealand to China capsized in stormy weather in the East China Sea, the Japanese coast guard said Thursday. A lone crew member from the Gulf Livestock 1 had been rescued so far. Three
(Rahr.com)
Crops, Markets

Strong export demand, acreage ahead for barley

Lower supplies from Australia benefit Canadian growers

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MarketsFarm — Canadian malting barley acreage is expected to remain high in the coming year, mostly due to strong export demand. Peter Watts, managing director of the Canadian Malting Barley Technical Center in Winnipeg, said tough harvest conditions were partially to blame for lowered malt barley output in 2019. “We had a fairly lousy harvest,
CBOT March 2020 corn with Bollinger (20,2) bands. (Barchart)
Crops, Markets

CBOT weekly outlook: Corn set to rally

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MarketsFarm — Corn futures on the Chicago Board of Trade may be due for a rally. The March corn contract hit $3.92 per bushel three times earlier in the month, facing stiff resistance to break higher (all figures US$). Prices established lows last week, around $3.7525. “I would like to see resistance be taken to

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