The University of Guelph has created a new organization to help launch agri-food ideas and innovations. Accelerator Guelph aims to provide business training, help create networks and provide a process to innovators in agriculture and food at the university. Why does it matter? Getting research and great ideas from university researchers to the market has […] Read more
Guelph to host new agri-food accelerator
Prairie grain movement not perfect, but not in crisis
CNS Canada — Canadian grain exports are moving out of the country at a similar pace as they were a year ago, but there are still some challenges along the logistical chain. “Right now we’re looking at the second largest supply of grain that we’ve ever had to move,” said Mark Hemmes, president of Quorum […] Read more
U.S. grains: Soybeans up on South America weather worries
Chicago | Reuters –– U.S. soybean futures climbed to a five-week high on Monday, in buying fueled by steep gains in soymeal as dry weather in Argentina threatened to cut yields, traders said. CBOT March soybean futures rose for the sixth straight session, settling up seven cents or 0.6 per cent at $9.84-1/4 per bushel […] Read more
Officials aim to forge ahead with TPP as Canada wavers
Tokyo | Reuters — As trade officials gather in Tokyo this week to try and forge ahead with a trade pact that U.S. President Donald Trump abandoned last year, the new 11-member club risks getting bogged down by resistance from Canada. The member countries of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), also […] Read more
Trudeau to boost support for NAFTA in U.S. as talks intensify
Ottawa | Reuters –– Canadian Prime Minister Justin Trudeau will visit three major U.S. cities next month to bolster support for NAFTA as negotiators revising the trade pact tackle major differences, officials said on Friday. The timing of Trudeau’s Feb. 7-10 trip is significant, since it comes after a sixth and penultimate round of talks […] Read more
ADM reported making takeover approach to Bunge
Reuters — Top U.S. grains merchant Archer Daniels Midland has proposed a takeover of Bunge Ltd., the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore. Large grain traders which make money by buying, selling, storing, shipping and trading crops have struggled in recent […] Read more
U.S. grains: CBOT soybeans, corn end week firm
Chicago | Reuters — U.S. soybean futures rose for the fifth straight day on Friday, hitting their highest in 5-1/2 weeks as concerns about crop development in South America fuelled buying, traders said. Parched soils in Argentina have underpinned prices throughout the week. “Dryness in Argentina has provided enough fuel for soybean prices to find […] Read more
Grain handle down in CP’s ‘best-ever’ fourth quarter
U.S. income tax reform and significant increases in non-grain traffic more than offset a dip in Canadian Pacific Railway’s grain handle in its fourth quarter of 2017. Calgary-based CP on Thursday reported net income of $984 million on $1.713 billion in gross revenues in what it described as its “best-ever” fourth quarter, up from $384 […] Read more
U.S. grains: Soybeans rise as Argentine weather worries lift soymeal
Chicago | Reuters — U.S. soybean futures climbed for a fourth straight session on Thursday to the highest in nearly two weeks on concerns that dry conditions in Argentina could reduce the soybean crop and scale back soymeal supplies. Wheat futures rose on short-covering and a weakening U.S. dollar, while corn drifted lower on technical […] Read more
Montreal round of NAFTA talks extended to Jan. 29
Mexico City | Reuters — The upcoming round of talks in Montreal to update the North American Free Trade Agreement (NAFTA) will be extended by one day and will now conclude Jan. 29, Canadian and Mexican sources told Reuters on Thursday. Trade negotiators from the U.S., Canada and Mexico were originally scheduled to meet from […] Read more
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