Grain Farmers of Ontario is calling for the federal government to create a fund so that grain farmers are protected from losses during global trade disputes. Why it matters: American farmers received almost $9 billion last year from the American government to cover losses from trade and U.S. President Donald Trump recently promised $15 billion […] Read more
Tag Archives international trade — page 12
Trade war fund needed for grain farmers: GFO
There are increased concerns now that it looks like the U.S. will further subsidize its farmers
Politics often at heart of China trade retaliations
Researchers say the ultimate goal of retaliatory tariffs is to inflict economic loss on influential interest groups
China hasn’t just manipulated its regulatory system to block Canadian agriculture imports. Its use of phytosanitary standards to hurt foreign suppliers has been used against small countries similar to Canada and also against the United States. Why it matters: China is less restrained when using trade retaliation against smaller countries. “China refused bananas from the […] Read more
Opinion: Hurdles remain for North American trade agreement
Capital Letters with Kelsey Johnson of iPolitics
The chance of the United States-Canada-Mexico Agreement (USMCA) being ratified before the next Canadian federal election has likely slumped after a new American commission report found the deal would have a moderate impact on the American economy. The U.S. International Trade Commission (ITC) released its highly anticipated analysis of the pending trade agreement in mid […] Read more
Biotech crops still a sticking point in U.S.-China trade deal
The issue is one of a number of complaints the U.S. administration has raised
Reuters – China’s lengthy approval process for genetically modified crops remains a sticking point in talks to end the trade war between China and the United States, according to two sources with knowledge of the talks. Beijing has taken years to approve new strains of GM crops, which U.S. companies and farmers have complained stalls […] Read more
Opinion: We can’t force the Chinese to buy our crops
We can, however, take steps to reduce the sector’s vulnerability to a big customer’s mood swings
Canadian canola farmers find themselves in a tough spot this spring as the snow disappears and they look across those vast empty fields, many of which, under normal circumstances, would be boasting pretty yellow flowers by mid-July. Canola surpassed wheat a few years back as the largest contributor to farm cash receipts from crops by […] Read more
Opinion: Agriculture now part of grand global political game
Capital Letters with Kelsey Johnson of iPolitics
The news came in a single news release, quietly sent out the afternoon of March 21. Despite ongoing conversations, the Canola Council of Canada had been informed Chinese importers were no longer interested in purchasing Canadian canola seed. Technical conversations, the release said, had not shown an “immediate resolution was possible.” At this time, Canola […] Read more
U.S. agriculture secretary agrees with Canada in tariff dispute
Sonny Perdue admits the U.S. President has a different opinion
Canada has a friend in Washington. Sonny Perdue, the United States agriculture secretary, believes the American government should drop tariffs on steel and aluminum from Canada and Mexico as soon as possible. “We recognize from our industry and our sector, it’s in all of our best interests to see that it happens,” said Perdue, who […] Read more
Easing concern about CUSMA dairy concessions
Al Mussell sees potential for some Canadian ingredients to continue crossing border
Once the dust has settled on the ratifications of the Canada-United States-Mexico trade agreement (CUSMA), access to U.S. markets for certain Canadian dairy ingredients could meet or even exceed what previously existed. At least that was the assertion made by Al Mussell, research lead at Guelph-based Agri-Food Economic Systems, during a recent dairy producer information […] Read more
Stable soybean prices could mean a lower drop in U.S. acres than expected
Chinese interest in buying Canadian soybeans remains quiet due to political tensions
Compared to two weeks ago, Ontario old crop soybean prices are up 15 to 20 cents per bushel while corn and wheat prices are unchanged. Adverse weather has caused farmer selling to come in below expectations. Therefore, basis levels are functioning to enhance farmer selling. Argentina continues to experience favourable growing conditions; timely rains have […] Read more
Chinese demand for Canadian soybeans goes quiet
Traders are connecting Canada’s arrest of a Huawei employee with the slower demand
Compared to two weeks ago, Ontario grain and oilseed prices are relatively unchanged for old crop delivery positions. However, new crop prices are unchanged to slightly lower. Seasonally, farmer selling tends to increase in January while export demand moves through a slower period. Argentina corn and soybean crops have experienced favourable weather; however, Brazilian soybean […] Read more
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