MarketsFarm — Canada’s canola supplies of just over 10 million tonnes as of March 31 marked a new record for the date, according to Tuesday’s stocks of principal field crops report from Statistics Canada. The government agency pegged canola supplies in the country at the end of March at 10.019 million tonnes, up by 10.5 […] Read more
Report shows record-large canola stocks at end of March
U.S. grains: Soy futures stabilize, eyeing China trade talks
Chicago | Reuters — U.S. soybean futures crept higher on Tuesday as traders breathed a sigh of relief over confirmation that a top Chinese negotiator will visit the United States for trade talks this week. Corn and wheat futures also strengthened at the Chicago Board of Trade (CBOT). Traders are monitoring any news on trade […] Read more
Suitor quits bid for Australia’s GrainCorp
Sydney | Reuters — Australia’s largest-listed grain handler, GrainCorp Ltd., said that suitor Long-Term Asset Partners (LTAP) has withdrawn its A$2.4 billion (C$2.26 billion) takeover bid after due diligence, pushing shares to five-month lows. GrainCorp stock dropped 11 per cent at the open of trade on Tuesday to hit close to where it stood preceding […] Read more
U.S. grains: Soybeans plunge after Trump tariff threat against China
Chicago | Reuters — Chicago Board of Trade soybean and corn futures plummeted to new contract lows on Monday — with soy plunging to the lowest levels seen in nearly eight months — after U.S. President Donald Trump said he would raise tariffs on Chinese goods this week, clouding prospects for a trade settlement between […] Read more
Railways book higher grain freight revenue for Q1
Canada’s big two railways reported somewhat higher revenue from handling grain during their fiscal quarter ending March 31, despite both companies reporting winter weather woes. Canadian Pacific Railway (CP) on April 23 reported grain segment revenue of $380 million for the quarter, up six per cent from the year-earlier period, on about 92,800 grain carloads, […] Read more
Fed-up Canada tells U.S. to help with China crisis or forget about favours
Ottawa | Reuters — Canada is leaning on the United States to help settle a dispute with China, which has started to block imports of vital Canadian commodities amid a dispute over a detained Huawei executive. In a sign of increasing frustration at what it sees as a lacklustre U.S. response, Prime Minister Justin Trudeau’s […] Read more
Bernie Sanders promises help for family farms
Reuters — U.S. presidential contender Bernie Sanders unveiled a plan on Sunday to help family farmers and rural residents, promising to break up corporate agricultural monopolies and invest heavily in social and economic programs in struggling rural communities. Sanders, an independent U.S. senator and fierce corporate critic, said on a campaign trip to Iowa that […] Read more
Prairie grain freight cost index adjusted upward
Corrected, May 6, 2019 and Jan. 7, 2021 — Canada’s big two railways can expect a small raise in the amount of revenue they get to keep from hauling Prairie grain in the coming crop year. The Canadian Transportation Agency (CTA) on Tuesday announced it will set the volume-related composite price index (VRCPI) at 1.4371 […] Read more
Alberta crop input retail groups’ deal off
A proposal to bring together two groups of central Alberta crop input retailers has been called off without closing a deal. Crop Management Network (CMN) said Friday the conditional deal it announced in March to buy Performance Ag Group won’t proceed. CMN, a joint venture between an employee-owned network of retail outlets and La Coop […] Read more
North Korea faces food crisis after poor harvest, UN says
Geneva | Reuters — Four in 10 North Koreans are chronically short of food and further cuts to already minimal rations are expected after the worst harvest in a decade, the United Nations said on Friday. Official rations are down to 300 grams (10.6 ounces) per person per day, the lowest ever for this time […] Read more
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