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Faba Bean Feed Benchmark

 
Prices for all grains remained unchanged across the Prairies on slow trading over the holiday season.
 
Corn DDGS continue to trade at elevated prices and are being removed from diets due to lack of competitiveness with other high protein ingredient alternatives.
 
Soybean meal prices fell by $25/T over the past two weeks based on sluggish markets and a sharp increase in the value of the Canadian dollar.
 
Canola meal meanwhile decreased by $5-10/T. Field peas traded in the $235-240/T range in Alberta and Saskatchewan while faba beans commanded prices of $240/T and $255/T in Saskatchewan and Manitoba respectively.
 
AB: $261
SK: $283
MB: $256
 
Source : Albertapulse

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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.