Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts find themselves trading within a rather narrow range, with a downturn more likely than a move higher in the near term. “We have a bull and a bear that are yanking each other right now, and (canola) is quite flat,” said analyst Errol Anderson of ProMarket Communications […] Read more
ICE weekly outlook: Rangebound canola watches U.S., China
Canada expects Britain to be part of CETA
Reading Time: 2 minutes London | Reuters –– Canada expects Britain to be part of the CETA trade deal between Canada and the European Union, and stands ready to work with Britain on how the system will function after Brexit, Finance Minister Bill Morneau told BBC radio on Wednesday. He also defended Canada’s NAFTA trade deal with the U.S. […] Read more
Loblaw reports better-than-expected profit
Reading Time: < 1 minute Reuters — Canadian grocery and pharmacy retailer Loblaw Cos. Ltd. reported a better-than-expected quarterly profit on Wednesday, as expenses fell and discounting attracted more shoppers. Profit at Loblaw’s main retail unit was helped by lower selling, general and administrative costs, and an increase in same-store sales in the quarter ending Oct. 8, the company said. […] Read more
Prairies’ harvest window starting to close
Reading Time: 2 minutes CNS Canada — The dry, balmy weather that gave farmers in Western Canada the chance to get the remainder of this year’s crop off appears to be winding down. “There is a little disturbance in Alberta coming across to northern Saskatchewan over the next two days; it will start tonight,” said Drew Lerner of World […] Read more
Canada’s canola meal sales to China at five-year high
Reading Time: 2 minutes Winnipeg/Beijing | Reuters –– Canadian canola meal shipments to China have jumped to their highest level in five years, boosting profits of crush plants and firming prices as farmers slog through a difficult harvest. Canada shipped 415,000 tonnes of canola meal to China from January through August, the most since 2011 and following zero shipments […] Read more
Warm spell raises hopes as Canadian farmers race to finish harvest
Reading Time: 2 minutes Winnipeg/Reuters – Unusually warm temperatures in Western Canada are raising farmers’ hopes of a strong finish to a growing season of highs and lows, easing investors’ worries about the late harvest. Summer-like weather in Saskatchewan and Alberta, the two biggest wheat and canola-growing provinces in Canada — a top global exporter of both crops — […] Read more
Grains sector continues to welcome transport legislation
Reading Time: 2 minutes CNSC – Accolades from producer groups and others in the grain industry continue to roll in for the federal government’s upcoming transportation legislation. The planned measures were outlined this week by Marc Garneau, the federal transportation minister, in a speech in Montreal. The new legislation will allow reciprocal penalties in service level agreements between railway […] Read more
ICE weekly outlook: Canola loses ground, could fall further
Reading Time: < 1 minute CNS Canada — The ICE Futures Canada canola market declined on the week, and those losses are likely to continue, one Winnipeg-based analyst says. “This is going to be dominated by yesterday’s reversal in the canola, and the weather,” said Ken Ball of PI Financial Corp. Canola on Tuesday lost between $8 and $9 in […] Read more
German cabinet approves draft law banning GM crops
Reading Time: < 1 minute Berlin | Reuters — The German cabinet has approved a draft law banning cultivation of crops with genetically modified organisms (GMOs), government sources told Reuters on Wednesday. Germany had announced in September 2015 that it will ban cultivation of crops with GMOs under new European Union rules allowing member states to opt out of their […] Read more
Bunge expects bounce from record U.S. harvest
Reading Time: 2 minutes Chicago | Reuters — U.S. agricultural products trader Bunge said Wednesday it expects the record-large U.S. corn and soybean harvest to help its earnings rebound from a weaker-than-expected third quarter. The company’s shares surged despite reporting disappointing results on Wednesday due to weather-reduced crops in South America, home to many of Bunge’s elevators and processing […] Read more
A message from April Stewart, Country Guide's Associate Editor
