Reading Time: 2 minutes CNS Canada — Fababean prices in Western Canada have seen a boost lately due to global production problems, but according to a buyer this is a temporary situation. “Over the last 45 days we’ve saw this market spike, we’ll call it a buck a bushel that we’ve seen that increase from where we would typically […] Read more
Pulse weekly outlook: Prairie fababeans spike on global production issues
Canada to work with China on trade deal despite USMCA clause, Trudeau says
Reading Time: 2 minutes Singapore | Reuters — Canada and China will continue to work together toward an “eventual” free trade deal, Canadian Prime Minister Justin Trudeau said on Thursday. This is despite the country being a signatory to the North American Free Trade Agreement (NAFTA), which specifies that if one of its partners enters a free trade deal […] Read more
Walmart’s LatAm delivery app Cornershop eyes Canada
Reading Time: 2 minutes Mexico City | Reuters — Cornershop, a Latin American grocery delivery app being acquired by Walmart, plans to expand into Canada early next year as a test market for the U.S., an executive for the three-year-old mobile app said. Walmart is buying Cornershop, which offers deliveries in Mexico and Chile, for US$225 million. The deal, […] Read more
U.S. dairy farmers get little help from Canada trade deal
Reading Time: 4 minutes Madison, Wisconsin/St. Claude, Manitoba | Reuters – Minnesota farmer Paul Fritsche can no longer afford health insurance as he struggles to sustain a dairy farm that has been in his family for nearly a century. With U.S. milk prices in the fourth year of a slump due to chronic oversupply, Fritsche, 58, is unsure whether […] Read more
Canadian cattle’s access to Philippines restored
Reading Time: 2 minutes The regulatory path has been cleared to resume exports of live Canadian cattle to the Philippines, reopening a market worth an estimated $8 million per year. The federal government on Monday announced the resumed export clearance, along with new market access for Canadian sheep and goat genetics exports to both Indonesia and the Philippines. The […] Read more
Sober start as recreational marijuana becomes legal in Canada
Reading Time: 4 minutes Toronto/Vancouver | Reuters — Canada became the first industrialized nation to legalize recreational cannabis on Wednesday, but a lawful buzz will be hard to come by in its biggest cities like Toronto and Vancouver, where stores are not yet open. The day was historic for the country as Canadian adults can now legally smoke recreational […] Read more
Vietnam could halt imports of wheat containing thistle seed
Reading Time: 2 minutes Hanoi | Reuters — Vietnam might halt imports of wheat cargoes containing cirsium arvense, or thistle seed, while suggesting local importers should seek supplies from Kazakhstan, Australia and Argentina, local media reported on Thursday. Wheat importer Vietnam, whose main suppliers include Russia, Australia and Canada, has been battling with imported wheat contaminated with thistle seed […] Read more
Altria reported seeking stake in cannabis firm Aphria
Reading Time: < 1 minute Reuters — Marlboro maker Altria Group is in talks for a stake in Canadian cannabis producer Aphria Inc., the Globe and Mail reported on Wednesday, citing multiple sources. The details of Richmond, Virginia-based Altria’s investment are still being finalized, though it has expressed interest in buying a minority stake in Aphria with the intention of […] Read more
U.S. grains: Soy, corn firm as rain stalls Midwest harvest
Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures firmed for a second day on Tuesday on expectations for improved demand following a recent price slump and as a rainy weather outlook for the Midwest threatened to stall harvesting. Futures jumped sharply on Monday on news of a newly negotiated U.S.-Mexico-Canada Agreement (USMCA), a replacement […] Read more
U.S. livestock: CME cattle futures extend rally
Reading Time: < 1 minute Chicago | Reuters — Chicago Mercantile Exchange live cattle futures rose for the third day in a row on Tuesday, with the market still underpinned by the trade deal among the U.S., Canada and Mexico, traders said. But technical buying pulled prices from their highs and the market failed to take out the 5-1/2-month high […] Read more
A message from April Stewart, Country Guide's Associate Editor
