MarketsFarm — U.S. President Donald Trump’s impeachment hearings have dominated headlines and stalled progress in numerous trade developments, leaving the Chicago Board of Trade (CBOT) starved of meaningful news. The Canada-U.S.-Mexico Agreement (CUSMA) has yet to be ratified by the U.S. House of Representatives. The trade pact, meant to replace the North American Free Trade […] Read more
Tag Archives politics — page 22
CBOT weekly outlook: Impeachment process stifles markets
Bibeau remains federal agriculture minister in shuffle
Updated, Nov. 21— Quebec MP Marie-Claude Bibeau retains her role as federal minister of agriculture and agri-food in Wednesday’s cabinet shake-up for the Liberals’ minority government. Bibeau will join her colleagues — including returning Transport Minister Marc Garneau and new Labour Minister Filomena Tassi, a Hamilton MP and former minister for seniors — in having […] Read more
New trade order called bad news for Canada
A new report says Canada and its farmers aren’t equipped to deal with a move away from the ‘liberal world order’
Glacier FarmMedia – Farmers face a starkly worsened long-term world market for their crops and livestock, fears a Canadian agricultural economics analysis firm. And that means many basic assumptions of how farm markets and prices behave might have to be radically reconsidered. “Some of the assumptions of the liberal world order — price arbitrage and […] Read more
Opinion: Current trade environment not just an either/or scenario
Canada needs to push for a rules-based, free-trade world, but also to push back against countries resorting to coercion
Glacier FarmMedia – At some point we might have to accept that this new trade reality is actually real. Then we’ll have to react to that reality by changing the way we farm, act and interact with the rest of the world. That’s something quite a few Canadians are grappling with in light of the […] Read more
China to resume imports of Canadian beef and pork
Reuters – China will resume imports of Canadian beef and pork, Prime Minister Justin Trudeau said on Tuesday, some four months after Beijing blocked shipments amid an escalating diplomatic feud between the two countries. “Good news for Canadian farmers today: Canadian pork and beef exports to China will resume,” Trudeau tweeted. The Chinese embassy in […] Read more
Beijing’s refusal to order U.S. farm buys becomes pain point
Washington/Beijing/Reuters – U.S. President Donald Trump’s demand that Beijing commit to big purchases of American farm products has become a major sticking point in talks to end the Sino-U.S. trade war, according to several people briefed on the negotiations. Trump has said publicly that China could buy as much as $50 billion of U.S. farm […] Read more
Canada, China meet over canola stalemate
[UPDATED: Oct. 31, 2019] Glacier FarmMedia – Canada and China finally had a face-to-face meeting *Oct. 28 in Geneva on China’s de facto import ban of Canadian canola seed. The private consultation under the auspices of the World Trade Organization (WTO) went well, according to Brian Innes, the Canola Council of Canada’s *vice-president of public […] Read more
Oil vs Corn: U.S. lawmakers set hearing on fractious biofuels policy
The U.S. oil and corn industries will continue a long-running public battle over America’s biofuels policy on Tuesday during a Congressional hearing about the Trump administration’s use of “secret waivers” for refineries. The hearing set by the Energy and Commerce Committee will air out the grievances of two key political constituencies heading into next year’s […] Read more
Carbon costs affecting grain drying for Prairie farmers
Opponents say the rebates won't fully cover the additional costs farmers must pay
Glacier FarmMedia – Farmers in Manitoba, Saskatchewan and Alberta struggling to get their crops harvested will also be paying higher costs for drying thanks to the federal carbon levy. While the federal carbon price offers relief for gasoline and light fuel oil costs used in tractors and trucks, there is no exemption for grain drying […] Read more
Key federal minister in Canada/China dispute fighting cancer
Just days after two senior cabinet ministers from the Prairies were defeated in Monday’s federal election, the Liberal government is now facing the possibility of a third stepping away from cabinet. International Trade Diversification Minister Jim Carr from Manitoba announced on Friday that he has been diagnosed with a type of blood cancer known as […] Read more
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