corn held in farmer's hands

U.S. corn carryout could easily notch five-year low in 2019: Braun

By Karen Braun

CHICAGO (Reuters) – The U.S. Department of Agriculture’s stingy forecast for domestic corn plantings could be one of the first signposts toward an increasingly bullish corn environment over the next year or so.

Industry analysts had predicted that 2018 U.S. corn plantings would fall slightly from year-ago levels to 89.42 million acres, so USDA’s peg of 88.026 million last Thursday offered a surprising jolt to the Chicago futures market. Read more

China versus US flags

China retaliates, slaps duties on U.S. soybeans, planes; markets skid

By

Beijing/Washington | Reuters — China quickly hit back on Wednesday at Trump administration plans to slap tariffs on US$50 billion in Chinese goods, retaliating with a list of similar duties on key U.S. imports including soybeans, planes, cars, whiskey and chemicals.

The speed with which the trade struggle between Washington and Beijing is ratcheting up — the Chinese government took less than 11 hours to respond with its own measures — led to a sharp selloff in global stock markets and commodities.

Investors are wondering whether one of the worst trade disputes in many years could now turn into a full-scale trade war between the world’s two economic superpowers. Read more

Proud to work in ag

Celebrating Canadian Agriculture Day

Let’s (always) celebrate the food we love.

Top 10 reasons to celebrate Canadian agriculture

The first-ever Canada’s Agriculture Day was a huge success. In 2018, it’s getting bigger and better. And why not? There are so many reasons to celebrate our industry. Here are our top 10.

  1. The ag industry is a major employer. Agriculture employs over two million Canadians – that’s one in eight jobs.
  2. We’re a trading powerhouse. Canada is the world’s fifth largest agriculture exporter with over $50 billion in annual sales.
  3. Family matters. We love ag for the life it gives our kids now and the opportunities it will give them in the future. It’s not just our livelihood, it’s our legacy – 97% of farms are family farms.
  4. Ag plays a major role in our economy. It contributes over $100 billion to Canada’s GDP each year.
  5. We’re proud environmentalists. Ike Skelton once said, “Because of their connections to the land, farmers do more to protect and preserve our environment than almost anyone else.”
  6. We love and care for our animals. We believe in responsible animal care and follow nationally recognized codes of practice for the care and handling of our animals.
  7. Ag is innovative. Thanks to modern farming practices, the average household saves more than $4,000 on food annually – that’s about $60 billion across Canada.
  8. We believe in quality. Canada ranks number one in global food safety.
  9. We’re a trusted industry. A recent Canadian Centre for Food Integrity survey shows that consumers trust farmers more than any other group and 60% want to know more about farming practices.
  10. We love what we do. Agriculture isn’t just our business, it’s our passion and our way of life. So, let’s be proud to share our story, explain where food comes from and how it’s produced, and reach out to those not in the ag industry.

No matter how you look at it, Canadian agriculture is a success story. Let’s get out there and start having ag and food conversations. And let’s celebrate!


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