Tokyo | Reuters — Japan, Australia and other members of a trans-Pacific trade pact have asked Britain to reconsider tariff conditions in its entry negotiation talks, Jiji news reported on Monday. Britain has opposed expanding the target of tariff-free items, particularly among agricultural products, to near 100 per cent as set by the Comprehensive and […] Read more
U.K. is asked to reconsider ag tariff in Trans-Pacific talks
U.S. grains: Wheat, corn, soybeans sag on recession fears
Projections raised for Russian wheat crop
Chicago | Reuters — U.S. wheat futures fell more than two per cent and corn and soybeans followed the weaker trend on Monday, as fears of a global economic downturn, a rising dollar and expectations of a bumper wheat crop in Russia weighed on commodity markets, analysts said. Forecasts for favourably dry weather for the […] Read more
U.S. livestock: CME cattle, hog futures fall to multi-month lows
Recession fears eat at demand expectations
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit a two-month low on Monday and the benchmark December lean hogs contract hit an eight-month low as worries about the U.S. and world economy triggered a round of long liquidation, analysts said. “This market is looking for positive news, and not finding a lot. […] Read more
Canadian wheat, canola stocks projections revised higher
MarketsFarm — Canadian wheat and canola ending stocks for the 2022-23 crop year are forecast to end up above earlier projections, according to updated supply/demand estimates from Agriculture and Agri-Food Canada, released late Friday. The updated estimates account for recent production and old-crop carryout numbers from Statistics Canada. Total wheat ending stocks for 2022-23 are […] Read more
Fiona batters Eastern Canada’s farms, fishery
'You'll hear me swearing in Saskatchewan'
Winnipeg | Reuters — Powerful storm Fiona slammed into Canada’s eastern fishing and farm industries over the weekend, smashing wharves, food processing plants and barns that will take months to repair. One of the worst storms Canada has ever faced left more than one-third of customers in Nova Scotia without power, swept homes into the […] Read more
B.C. to back Indigenous food system projects
New program taking applications starting Monday
A new British Columbia program will provide up to $80,000 each for projects in agriculture, food processing or other sectors to improve food security in that province’s Indigenous communities. The province on Wednesday rolled out a new Indigenous Food Systems and Agriculture Partnership Program, which is set up to take applications starting Monday (Sept. 26) […] Read more
Swiss reject initiative to ban factory farming
Voters back narrowly back rise in women's retirement age to 65
Geneva | Reuters — Swiss voters on Sunday rejected a proposal to ban factory farming in a referendum on whether the wealthy country’s strict animal welfare laws need to be tightened yet further. The government’s VoteInfo App showed a provisional result of 62.86 per cent of votes against the proposal, put to a referendum under […] Read more
Cleanup work begins for Eastern Canada after Fiona
Five provinces assessing damage from 'unprecedented' storm
Port aux Basques | Reuters — It will take several months for Canada to restore critical infrastructure after the powerful storm Fiona left an “unprecedented” trail of destruction, officials said on Sunday, as crews fanned out in five provinces to restore power and clean up fallen trees and debris. One 73-year-old woman died during the […] Read more
Prairie cash wheat: External factors raise bids
U.S. wheat futures gain on the week
MarketsFarm — Despite the usual harvest pressures, western Canadian wheat bids jumped during the week ended Thursday, largely due to geopolitical and macroeconomic factors. The U.S. Federal Reserve on Wednesday again raised its key interest rate to combat rising inflation — this time a 75 basis point increase, to 3.25 per cent. The rate hike […] Read more
U.S. livestock: CME live cattle, lean hogs slide on recession worries
Feeder cattle up on lower corn prices
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures fell to their lowest level since early August on Friday on fears of a global recession that could curb demand for commodities including beef, traders said. CME October live cattle settled down 0.6 cent at 144.25 cents/lb. and the most-active December contract fell 0.8 cent […] Read more
Cyber-Savvy Farmer
