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Hay Supplies Tightening on Both Sides of Border

Hay supplies are shaping up to be tight on both sides of the Canada-U.S. border this year.
 
In Canada, overly dry conditions across the Prairies are sharply reducing yields and many producers are not expected to even get a second cut. Meanwhile, U.S. hay supplies are tightening on limited supply combined with strong domestic and export demand.
 
According to the USDA, U.S. hay harvested area this year will come in at 52.8 million acres, down only slightly from a year earlier but the lowest since 1908. Record-low hay production is expected in many states right from California to Ohio, with prices in the spring reported at the highest since 2014, ranging from around US$150/tonne for hay excluding alfalfa and $205 for alfalfa.
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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.