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Faba Bean Feed Benchmark

Prices for most of the main grain and protein commodities continued to remain relatively stable throughout the Prairies over the past two weeks. Barley and corn prices weakened slightly in Manitoba while remaining unchanged in Saskatchewan and Alberta.
 
Wheat prices remained unchanged. Corn DDGS values remained unchanged in Manitoba and Alberta with slight increases  in Saskatchewan. Soybean meal values remained unchanged  in Manitoba, but decreased by $5- $10/T in Saskatchewan and Alberta.
 
Canola meal prices slide by $10/T in Manitoba and $17/T in Saskatchewan while remaining unchanged in Alberta. Feed peas and faba beans continued to  trade in the range of $245-250 in Manitoba with values in Saskatchewan and Alberta in the $235-240 range. Feed grade peas continue to be scarce and most pulses being used in feeds are now faba beans.
 
Source : Alberta Pulse

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.