China will stabilize grain and oilseed output, diversify agricultural imports and increase support for farmers, state media reported on Tuesday, citing a government rural policy blueprint aimed at ensuring food security.
Archer-Daniels-Midland on Tuesday forecast current-year adjusted profit below analysts’ expectations as the uncertainty about U.S. biofuel policies and global trade upheaval that dragged on earnings last year remain a challenge for the grains merchant.
Average income for families operating a single farm in Canada grew by 0.9 per cent to $216,021 in 2023 compared to 2021. However, this was driven by higher off-farm income.
A trade deal between China and Canada has damaged Australia’s hopes of becoming China’s main supplier of canola, but the Pacific nation’s access to the world’s biggest oilseed importer has significantly improved, traders and analysts said.
While Western Canada gets a lot of press for its sense of alienation from the rest of Canada, its residents’ resentment isn’t exceptional according to polling data from the Centre of Excellence on the Canadian Federation.
Western Canadian cash prices for spring wheat and durum were mostly higher during the week ended Jan. 27, supported by gains in the United States wheat complex.
Grain trader Archer-Daniels-Midland Company (ADM) has agreed to pay a $40 million (C$54.2 million) civil penalty to settle charges from the U.S. Securities and Exchange Commission that it inflated the performance of a key business segment.
The union representing most of the Canadian Food Inspection Agency staff warned of potential food safety concerns after workers learned of coming job cuts.
The Bank of Canada on Wednesday held its policy rate at 2.25 per cent, as widely expected, and Governor Tiff Macklem said the high level of uncertainty made it difficult to predict when and how rates might next change.