Reading Time: 2 minutes CNS Canada — With feed barley in tight supply, the tables have flipped with feed prices now sitting higher than those for malt barley in Western Canada. Feed barley prices “make some of these other prices look a bit ridiculous. There’s no demand from the domestic maltsters because they’ve all been plugged up ever since […] Read more
Prairie malt barley prices lower than feed
Final version of Trans-Pacific trade deal released
Reading Time: 3 minutes Wellington/Sydney | Reuters — The final version of a landmark deal aimed at cutting trade barriers in some of the Asia-Pacific’s fastest-growing economies was released on Wednesday, signalling the pact was a step closer to reality even without its star member the U.S. More than 20 provisions have been suspended or changed in the final […] Read more
Pulse weekly outlook: Australia makes progress with India, Canada waits
Reading Time: 2 minutes CNS Canada –– Pulse crop prices in Western Canada are holding steady while questions remain about the future of trade with India. India in November imposed a 50 per cent import tariff on peas and in December a 30 per cent tariff was placed on chickpeas and lentils. The tariffs were imposed overnight and left […] Read more
Australia takes Canada to WTO over wine rules
Reading Time: 2 minutes Geneva | Reuters — Australia has complained at the World Trade Organization about Canada’s rules on wine sales, expanding a similar U.S. complaint against one province. In October, Washington accused British Columbia of providing an unfair advantage to local vineyards by giving their wine an exclusive retail channel in grocery store shelves and cutting out […] Read more
Dreyfus to sell Australian fertilizer unit to Agrium
Reading Time: 2 minutes Paris/Winnipeg | Reuters — Global commodity trader Louis Dreyfus has agreed to sell its fertilizer business to Canada’s Agrium as it continues an overhaul in response to tough agricultural markets. Louis Dreyfus is to sell Macrofertil Australia, which has annual sales of around US$120 million, to Agrium’s Australian unit Landmark Operations in a deal expected […] Read more
U.S. grains: Soybeans, meal rise on Argentina weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose to a three-week high on Monday and soymeal jumped more than two per cent on buying backed by concerns that dry weather in Argentina will hurt crop yields. Corn futures fell more than one per cent, reversing early gains after technical selling, while wheat futures also eased […] Read more
Saputo woos Australia farmers in Murray Goulburn rebuild
Reading Time: 2 minutes Winnipeg | Reuters — Saputo, one of Canada’s largest dairy producers, aims to return Australia’s Murray Goulburn Co-operative to profit by aggressively pursuing more of the country’s milk supply, its CEO said on Thursday. The Montreal-based company agreed last week to buy the co-operative for C$1.3 billion including debt, and has already planned 15 meetings […] Read more
Saputo to buy Australian dairy co-op Murray Goulburn
Reading Time: < 1 minute Reuters — Murray Goulburn Co-operative, Australia’s largest milk processor, on Friday said it agreed to a buyout from Canadian dairy company Saputo worth up to A$637.8 million (C$627.5 million). Murray Goulburn (MG) said Saputo would pay between A$1.10-$1.15 per share, compared to its A$2.10 issue price when it listed in 2015. A total buyout value […] Read more
Lentil market quiet heading into new year
Reading Time: 2 minutes CNS Canada — Heading into the New Year, Canadian lentil markets will be quiet, according to an analyst. “It’s not exactly what farmers expected. They have had three years of very brisk intake and it will take a little bit of an adjustment to realize that the market is not coming to them as readily […] Read more
U.S. grains: Wheat hits one-month top on technical buying
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures posted a one-month high Thursday on technically driven trade while U.S. soybean and corn futures eked out modest advances as traders waited for the harvest to expand in the Midwest. Chicago Board of Trade December what settled up 2-3/4 cents at $4.52-1/2 per bushel after reaching $4.54-1/2, its […] Read more
A message from April Stewart, Country Guide's Associate Editor
