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Stats Canada Releases March Stocks Report

 
Statistics Canada says as of March 31, 2018 total stocks of wheat and barley were lower compared with the same date in 2017.
 
Total wheat stocks were at 16.4 million tonnes at the end of March, down 3.9 per cent from the same day a year earlier.
 
Meanwhile, total stocks of canola, corn, soybeans, oats, dry peas and lentils were up. Many of the increases were a result of increased on-farm stocks.
 
Total canola stocks were up 14.4 per cent to 9.1 million tonnes.
 
Soybean stocks increased 38.7 per cent to 2.6 million tonnes, likely the result of record production of 7.7 million tonnes in 2017. Manitoba was the main driver, as on-farm stocks in the province increased by 150 per cent to 700,000 tonnes.
 
Source : Steinbachonline

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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.