Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures closed lower Thursday on improving South American crop prospects and jitters about U.S. trade relationships, analysts said. Wheat futures rose on better-than-expected weekly U.S. export sales. Chicago Board of Trade soybeans for March delivery settled down 5-3/4 cents at $10.49-1/2 per bushel and March corn ended […] Read more
U.S. grains: Soy, corn fall on crop prospects, trade fears
Canada to Mexico on NAFTA: You might be on your own
Reading Time: 2 minutes Calgary | Reuters — Canada will focus on preserving its U.S. trade ties during talks to renegotiate NAFTA and may not be able to help Mexico avoid being targeted by the Trump administration, Canadian government sources say. “We love our Mexican friends. But our national interests come first and the friendship comes second,” a source […] Read more
Canada not seen as U.S. target in NAFTA talks
Reading Time: 2 minutes Calgary | Reuters — Canada has a “very special status” and is unlikely to be hit hard by changes the U.S. wants to make to the NAFTA trade accord, the head of a business advisory council to U.S. President Donald Trump said on Monday. Stephen Schwarzman made his remarks after addressing Canadian Prime Minister Justin […] Read more
U.S. grain exports slide after Trump win batters peso
Reading Time: 2 minutes Chicago | Reuters — Mexican demand for U.S. grain imports has slumped along with the country’s sinking peso as buyers withdrew from the market amid soaring costs in the week since Donald Trump won the U.S. presidential election, traders and industry analysts said. Corn prices in pesos jumped more than 10 per cent overnight for […] Read more
Bovine TB strain of Mexican origin in Alberta probe
Reading Time: 2 minutes While new to Canada, the strain of tuberculosis bacteria which infected the Alberta cow at the centre of a bovine TB probe has been seen before in Mexico. The Canadian Food Inspection Agency on Wednesday reported the strain of Mycobacterium bovis found in a southeastern Alberta cow is “closely related” to a strain originating from […] Read more
Mexico reopens to all Canadian beef
Reading Time: 2 minutes Beef and beef products from Canadian cattle of all ages may again be shipped to Mexico under newly expanded access announced Friday. The announcement from Agriculture Minister Lawrence MacAulay, on his first official visit to Mexico, follows up on a joint statement in June that Mexico was in the “final stages of due diligence” to reopen […] Read more
Russia muscling into rivals’ wheat markets
Reading Time: 3 minutes Moscow | Reuters — Russia is muscling in on the markets of its European and North American competitors as it overtakes the European Union to become the world’s biggest wheat exporter for the first time. Russia is expecting a record crop in the 2016-17 marketing season, which began on July 1, while EU harvests are […] Read more
Canadian beef follows tricky paths to international markets
Reading Time: 2 minutes CNS Canada — Canadian beef continues to find its way to markets around the world, but while a new deal with Mexico has brought smiles to the cattle industry, questions remain surrounding Canada’s proposed trade deal with the European Union. Britain’s recent referendum to exit the European Union has thrown into question whether the Comprehensive […] Read more
Mexico to accept OTM Canadian beef this fall
Reading Time: 2 minutes Mexico will resume “fully normalized” trade in beef products with Canada starting Oct. 1, accepting imports of Canadian beef from cattle over 30 months old (OTMs). The Canadian Cattlemen’s Association and Canadian Meat Council announced the move in separate releases Tuesday, following a joint statement by Mexican President Enrique Pena Nieto and Prime Minister Justin […] Read more
Mexico clears Canadian poultry meat for import
Reading Time: < 1 minute Duck and other poultry from Canada may again be exported to Mexico, for the first time since 2004. Canada’s Agriculture Minister Lawrence MacAulay and International Trade Minister Chrystia Freeland on Thursday announced Mexico had reopened its border to fresh poultry meat including chicken, turkey and, “most significant in terms of historical trade,” duck. Mexico had […] Read more
A message from April Stewart, Country Guide's Associate Editor
