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Aurora Cannabis in November 2019 opened a flagship retail store at the West Edmonton Mall, describing the 11,000-square foot shop as “both a retail cannabis store and an immersive experiential space.” (CNW Group/Aurora Cannabis Inc.)
Crops, Reuters

Aurora Cannabis revenue short of expectations on lower pot demand

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Reuters — Aurora Cannabis on Monday missed Wall Street expectations for fourth-quarter revenue as pandemic-related restrictions weighed down consumer demand, leading Canadian provinces to cut orders. U.S.-listed shares of the company, which also posted a bigger-than-expected quarterly loss, were down two per cent in extended trading. After more than three years into Canada’s legalization of […] Read more
Production is being fine-tuned at Roquette’s pea processing plant near Portage la Prairie. (Photo courtesy Roquette Canada)
Crops, Peas, Reuters

Roquette warns of price rise in plant-based food market

Prairie drought could cut pea yields 45 per cent

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Paris | Reuters — A global surge in pea prices linked to low supplies and growing demand for plant protein will inevitably need to be passed on to customers, including makers of alternative food such as meat-free burgers, French producer Roquette said on Monday. The market for alternative protein has soared in recent years, attracting […] Read more
(Xinzheng/Getty Images)
General, Reuters

‘Two Michaels’ have left China, Trudeau says

Huawei CFO en route back to China

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Ottawa | Reuters — Two Canadian citizens who were detained by Beijing for more than 1,000 days have left Chinese airspace and will arrive back in Canada early on Saturday, Prime Minister Justin Trudeau told reporters Friday. Michael Kovrig and Michael Spavor were picked up in December 2018, shortly after Vancouver police arrested Huawei Technologies […] Read more
Huawei Technologies CFO Meng Wanzhou leaves her home to attend a court hearing in Vancouver on Sept. 24, 2021. (Photo: Reuters/Jesse Winter)
Canola, Crops, Reuters

Huawei executive, U.S. reach deal to dismiss charges

Meng Wanzhou would be allowed to leave Canada

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Updated, Sept. 24 — Reuters — Huawei chief financial officer Meng Wanzhou has reached an agreement with U.S. prosecutors to end the bank fraud case against her, U.S. prosecutors said on Friday, a move that should allow her to leave Canada and relieve a point of tension between China and the United States. Meng was […] Read more
CBOT December 2021 wheat (candlesticks) with December 2021 oats (orange line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat firms on global supply issues

Oats also push corn higher

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Chicago | Reuters — Chicago wheat futures firmed on Thursday, strengthened by global supply concerns and a firming oat futures market on drought-stricken North American supplies. Corn and soybeans edged higher, supported by wheat and oats. The most-active wheat contract on the Chicago Board Of Trade (CBOT) added 12 cents to $7.17-3/4 a bushel (all […] Read more
CBOT December 2021 oats (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Oats

CBOT oats climb on supply woes

Prairie drought eats at availability

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Chicago | Reuters — Chicago Board of Trade December oats futures climbed their daily maximum of 25 cents per bushel on Wednesday, nearing a 7-1/2 hear high, after drought slashed supplies from top global supplier Canada at a time of robust demand for the grain, traders said. The December oats contract surged 25 cents to […] Read more
File photo of a pineapple field in Taiwan. (Bing-Jhen Hong/iStock/Getty Images)
General, Markets, Reuters

Taiwan applies to join Pacific trade pact week after China

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Taipei | Reuters — Taiwan has formally applied to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), the government said Wednesday, less than a week after China said it too had submitted an application. Taiwan has been angling to join the grouping for a while and had already been discussing the issue informally […] Read more
(Flax Council of Canada photo)
Crops, Markets

Supply/demand pushing up flax prices

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Corrected, Sept. 23 — MarketsFarm — Prices for flax have skyrocketed in 2021, as the amount to be harvested has fallen while demand has increased, according to Dale McManus of Johnston’s Seeds at Welwyn, Sask. Johnston’s was paying $38 per bushel for golden flax picked up off of the farm, he said, and brown flax […] Read more
A view near the Canadian end of the Ambassador Bridge, which connects Windsor and Detroit and is considered one of North America’s busiest trade routes. (Steven_Kriemadis/iStock/Getty Images)
General, Reuters

U.S. extends travel restrictions at Canada, Mexico borders

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Washington | Reuters — The United States on Monday extended restrictions at its land borders with Canada and Mexico through Oct. 21 that bar nonessential travel such as tourism by foreigners despite Ottawa’s decision to open its border to vaccinated Americans. Canada on Aug. 9 began allowing fully vaccinated U.S. visitors for nonessential travel. The […] Read more
Beef is on display at a Walmart in Beijing on Sept. 23, 2019. (File photo: Reuters/Tingshu Wang)
General, Markets, Reuters

China applies to join Trans-Pacific trade pact

Second-biggest economy seeks to add to economic clout

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Updated, Sept. 17 — Beijing | Reuters — Japan said it would have to determine if China meets the “extremely high standards” of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) after the world’s second-biggest economy formally applied to join. Commerce Minister Wang Wentao submitted China’s application to join the free trade agreement in […] Read more

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