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China expects its U.S. agricultural imports to fall sharply

Beijing | Reuters – China’s imports of U.S. agricultural products will fall sharply once Beijing implements retaliatory trade measures and the country is able to cover its demand for cooking oil and animal feed, vice agriculture minister Han Jun said on Friday. The trade dispute will have a limited impact on China’s agriculture sector, but hit its U.S. counterparts […] Read more

U.S. grains: Soybeans dip after weather-led gains ahead of USDA report

Chicago | Reuters – U.S. soybean futures retreated on Thursday after two sessions of gains in a profit-taking and position-squaring setback ahead of Friday’s U.S. Department of Agriculture monthly supply and demand report. Corn also slipped as traders moved to the sidelines ahead of the closely watched report, the first of the season to include field surveys […] Read more

Ontario wheat harvest is almost complete, with later-harvested fields showing more quality issues than early fields.

Rains should mean healthy Ontario corn crop

Global trade tensions and dry weather in the U.S. and Europe continue to affect markets

Timely rain over the past couple weeks across Ontario has sustained yield potential. However, the Bruce, Grey and Niagara counties only received about 25 mm or less during this time and yields may be lower in these areas. Steady Chinese demand for Ontario soybeans has supported local basis levels. The Ontario winter wheat harvest was […] Read more

Because the tariffs for supply managed products are so high, giving up a lot of tariff gives up only a little protection, whereas giving up a little TRQ gives up a lot of protection.

Give up tariff, not TRQ

Economist argues there’s more damage by ceding tariff rate quota levels in trade deals than just reducing tariff

Public commentary regarding the North American Free Trade Agreement negotiations is mainly on the auto industry, as is appropriate. But another of U.S. President Donald Trump’s whipping boys is U.S. market access to Canada’s supply managed dairy and poultry industries. In the fourth round of the NAFTA discussions, the U.S. negotiators tabled a proposal to […] Read more