Reading Time: 2 minutes Manitoba hog slaughter and pork processing firm HyLife says it’s setting itself up for major expansions of its hog finishing and pork processing capacities. The company on Friday said “steady growth in demand” for its pork products overseas calls for an investment of up to $125 million in its integrated pork operations, to start “as […] Read more
Pork packer HyLife to enter expansion mode
U.S. grains: Soybeans fall from peak on weak cash market
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell for the first time in four sessions on Tuesday, pressured by a weak cash market and by profit-taking after hitting a 3-1/2-week high earlier in the session, traders said. Corn futures eased in a mild technical setback but remained within the prior session’s trading range. Wheat dropped […] Read more
China approves corn export permits to two companies
Reading Time: < 1 minute Beijing | Reuters –– China has given approval to at least two companies to export corn, two sources with knowledge of the matter said, in a radical move by the world’s No. 2 producer to cut its ballooning surplus that could add more supply to a saturated global market. The move threatens to push U.S. […] Read more
ICE weekly outlook: Canola treads water looking for direction
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts continue to chop around in a narrow range these days, as the trade waits for the market to break one way or another. Canada and China recently agreed on rules over dockage that will see shipments of canola accepted at Chinese ports as long as they don’t […] Read more
China slaps more duties on U.S. DDGS
Reading Time: < 1 minute Beijing | Reuters –– China will impose anti-subsidy duties of between 10 and 10.7 per cent on imports of U.S. animal feed ingredient known as distillers’ dried grains (DDGS), the Commerce Ministry said in a preliminary ruling on Wednesday. The move was widely expected after the government announced a similar move on anti-dumping duties last […] Read more
U.S. farmer suits over Syngenta corn get class status
Reading Time: < 1 minute Reuters — A U.S. district court judge in Kansas this week said lawsuits brought by U.S. farmers against seed company Syngenta over sales of biotech corn seeds not approved for import by China can proceed as a class action, according to a court filing. Farmers from the largest U.S. corn-producing states sued the seed maker […] Read more
China slaps anti-dumping duties on U.S. DDGS
Reading Time: 2 minutes Chicago/Beijing | Reuters — China on Friday slapped anti-dumping duties on a U.S. animal feed ingredient known as distillers’ dried grains (DDGS) amid an intensifying spat between the world’s two largest economies over agricultural trade which totaled over US$20 billion last year. Beijing’s preliminary decision calls for duties of 33.8 per cent, effective immediately, the […] Read more
U.S. grains: Soy futures follow cash market lower
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures fell 1.9 per cent to a one-week low Friday morning on reports of big harvest yields and heavy farmer sales on the cash market, traders said. Wheat futures weakened as traders said ample global supplies were likely to blunt the impact of India’s decision to slash its import […] Read more
U.S. livestock: Cattle decline on profit-taking
Reading Time: 2 minutes Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell one per cent on Thursday, pressured by technical selling and as investors took profits following Wednesday’s nearly four-week high, traders and analysts said. Feeder cattle futures also were mostly lower while lean hog futures were mixed, with the front-month contract hitting the lowest levels […] Read more
Canada, China agree to tighten trade ties
Reading Time: 2 minutes Ottawa | Reuters — Canada and China said Thursday they would start exploratory talks on a free trade pact, but gave few details about a possible extradition treaty for Chinese fugitives which has triggered criticism in Canada. Canada’s Liberal Prime Minister Justin Trudeau, elected last year, is trying to improve ties and increase trade with […] Read more
A message from April Stewart, Country Guide's Associate Editor
