Photo: Thinkstock

Prairie wheat weekly outlook: U.S. futures raise Western Canadian bids

Total wheat production expected to increase to 33.3 million tonnes; total wheat carryout to 4.2 million

The relatively low prices created some interest in the export market. The U.S. Department of Agriculture (USDA) reported net wheat export sales of 451,400 tonnes in its weekly report on Jan. 25, down 36 per cent from the previous week but up 45 per cent from the four-week average. Recent severe cold weather in the northwestern U.S. Plains may have also caused some crop damage.



(Photo courtesy Canada Beef Inc.)

CCA disappointed, not surprised by breakdown in trade talks

Yesterday, federal officials said bilateral negotiations with the UK had been paused amid unhappiness on both sides

The Canadian Cattle Association says it's disappointed but not surprised by the UK's decision to pause talks on its free trade deal with Canada. “CCA has been following the bilateral negotiations closely and has been concerned at the lack of ambition and cooperation from the UK in these negotiations," said Nathan Phinney, the CCA's president, in a news release late yesterday.