A so-called Ag Economy Barometer, a reading of American producer sentiment, has fallen to its lowest level since October 2016. The barometer, a project of Purdue University and the CME Group, fell 15 points in September to 114 from an August reading of 129. The Ag Barometer is an index based on a survey of […] Read more
Tag Archives Business/Finance — page 15
Ag Economy Barometer volatile, drops to two-year lows
American farmers indicated trade uncertainty and potential oversupply were major worries
Damaged soybean crop hits farmers reeling from U.S.-China trade war
U.S. soy farmers are feeling the effects of a double whammy
Reuters – A rain-damaged soybean harvest in the United States Mississippi Delta region is heaping more pain on farmers already suffering from a damaging trade war between the U.S. and China that has dragged prices to lows not seen in a decade. Why it matters: Soybean growers in hard-hit regions may have to pay penalties […] Read more
Editorial: A trade deal that needed to be done
Canada’s supply management system will go on, despite some cursory efforts by Americans to get rid of it during the recent North American trade talks. This should be the last trade agreement that Canadian supply managed sectors need to worry about. After Europe, Asia and Oceania and the United States, there aren’t many other dairy […] Read more
Province aims to clear regulatory block to natural gas expansion
A new act will allow a mix of investment options to fund more natural gas access
The Ontario Conservative government is opening up the way to greater investment in natural gas infrastructure in Ontario that don’t have it. Premier Doug Ford announced at the 2018 International Plowing Match (IPM) in Pain Court that a new Natural Gas Act would be introduced soon that will allow for public, private and consumer investment […] Read more
Opinion: Agriculture needs to fight new age of trade protectionism
The Canadian government should apply a ‘trade lens’ to its policies across departments
The world has entered a new age of nationalism, resulting in growing trade protectionism and increasing barriers for Canadian farmers and exporters who depend on international markets. The idea that trade is about winning or losing is dangerous and misleading. This idea ignores the world’s growth over the last 75 years and the disastrous outcomes […] Read more
Trade war between U.S. and China continues to alter trade flows
China is buying from Argentina and Argentina is buying from the U.S.
Ontario grain and oilseed markets have traded in a sideways range over the past couple weeks. Farmers in Ontario have harvested about eight per cent of the soybean crop while the corn harvest will begin in a couple weeks. The Ontario forecast looks variable over the next week. Quick look Soybeans: Market structure favours China […] Read more
Sorting out new seed brands
Corteva has solidified how its Pioneer and Brevant seed companies will work in the market
Corteva, the new agriculture brand of DowDupont, is maintaining two seed brands in the Canadian marketplace to fill two sales routes to farmers — through agriculture retailers and direct to farmers. Pioneer — the iconic seed brand —will continue to be sold to farmers by farmer dealers, Collin Phillip, the eastern area leader for Corteva […] Read more
China says U.S. trying to force it to submit on trade
Another $200 billion in tariffs went into effect Sept. 24
Beijing | Reuters – The United States and China imposed fresh tariffs on each other’s goods Sept. 24 as the world’s biggest economies showed no signs of backing down from an increasingly bitter trade dispute that is expected to knock back global economic growth. Soon after the new duties went into effect, China accused the […] Read more
Grains, hog farmers praise trade deal
Farmers outside of supply managed commodities are praising the new United States-Mexico-Canada Agreement to modernize NAFTA. Stability of markets is important for trading commodities and a completed North American trade deal will help remove concerns about potential change in the market. “This agreement ensures that the existing strong trade relationship between Canada, the U.S. and […] Read more
Trade deal kills Class 7, allows more U.S. milk access
Dairy pays heavy price for Canada to secure North American trade deal
A new North American trade deal agreement has been reached it and will have significant implications for Canadian dairy farmers. The deal, agreed upon last night, is now called the United States-Mexico-Canada Agreement (USMCA). The U.S. will be given 3.59 per cent access to the Canadian dairy market. That’s a significant loss for Canadian dairy, […] Read more
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