Legislators in both Canada and South Korea have ratified the two countries’ bilateral free trade deal to take effect next month. Canada’s Trade Minister Ed Fast on Wednesday announced the […] Read more
Markets/Business
Canada/Korea trade pact to kick in Jan. 1
Mustard prices softening, but oriental holding its own
CNS Canada — Mustard prices have been drifting lower but oriental varieties have been showing relative strength. Despite a turbulent growing season, complete with hailstorms and excess rain, a prominent […] Read more
CBOT soybean market lacking positive drivers
CNS Canada — Chicago Board of Trade (CBOT) soybean futures moved lower during the week ended Wednesday and could continue drifting downward as there’s not much positive underpinning the market. […] Read more
U.S. grains: Wheat drops on profit taking, export prospects
Chicago | Reuters — U.S. wheat futures fell 2.3 per cent on Wednesday, retreating from near six-month highs on a round of profit taking and ideas that the recent rally […] Read more
U.S. livestock: Soft cash price outlook sinks CME live cattle
Chicago | Reuters –– Chicago Mercantile Exchange live cattle futures sagged Wednesday in anticipation of weaker prices for slaughter-ready (cash) cattle, traders said. Futures’ losses, sunken margins and packers struggling […] Read more
ICE weekly outlook: Canola looking bearish with soybeans
CNS Canada — ICE Futures Canada canola contracts moved lower during the week ended Wednesday, as bearish technical signals, declines in the outside crude oil market and losses in CBOT […] Read more
Two more B.C. poultry farms quarantined for avian flu
Two Fraser Valley poultry farms — both of which received birds from one of two farms quarantined this week with confirmed cases of H5 avian influenza — are now also […] Read more
Canada’s wheat exports dogged by quality complaints
Winnipeg | Reuters –– Buyers of Canadian wheat are increasingly complaining about quality ever since Ottawa changed how its biggest crop is sold and inspected, raising the risk the world’s […] Read more
Asian markets block Canadian poultry over bird flu
Reuters — Canada’s detection of avian influenza on two British Columbia farms has resulted in trade restrictions from several Asian markets, a government spokesman said Wednesday. South Korea has banned […] Read more
Prairie flax prices strong as farmers sit on supplies
CNS Canada — Flax prices in Western Canada are staying strong, with a lack of significant farmer selling supporting the market. “It seems as though the farmers are just sitting […] Read more