A major cash infusion from a pair of Calgary private investment firms, among others, has put new hands at the helm of farm equipment maker Morris Industries. Morris on Tuesday announced its president, Ben Voss — a Saskatoon engineer and farmer, and one of the players in the new investment group — has also been […] Read more
New investment leads to new chief at Morris
Diesel prices could rise further in Harvey’s wake
CNS Canada — Diesel prices in Western Canada have risen by about six to seven cents a litre since Hurricane Harvey ravaged the petroleum-rich Texas coast. An expert with the fuel industry says harvest pressure will likely keep the diesel market from correcting downward, and push prices up a bit more. “So (the market) appears […] Read more
U.S. grains: Corn hits two-week high
Chicago | Reuters –– U.S. corn futures hit a two-week high on Wednesday on a mix of short-covering and worries about the pace of U.S. crop maturity, traders said. Soybeans and wheat futures also posted modest advances. Chicago Board of Trade December corn futures settled up 2-1/2 cents at $3.61 per bushel after reaching $3.62, […] Read more
NAFTA ministers claim progress in talks
Mexico City | Reuters — Trade Ministers from Canada, Mexico and the United States on Tuesday said they made progress in weekend talks to update the NAFTA trade pact, consolidating language for some proposals and reaffirming their commitment to complete negotiations toward the end of 2017. A trilateral statement issued by U.S. Trade Representative Robert […] Read more
U.S. grains: Soy rises on technicals, dry forecast
Chicago | Reuters — U.S. soybean futures hit a 3-1/2-week high on Tuesday on technical buying and forecasts for dry weather in the Midwest that could threaten late-season yield prospects, analysts said. Corn and wheat futures followed the higher trend. Chicago Board of Trade November soybean futures settled up 19 cents at $9.68-1/2 per bushel […] Read more
Sharp differences over labour surface at NAFTA trade talks
Mexico City | Reuters — Tensions over sharp differences in pay between Mexican workers and their Canadian and U.S. counterparts surfaced on Sunday as negotiators discussed labour market rules in talks to overhaul the North American Free Trade Agreement. Canada’s biggest private-sector union said NAFTA should be scrapped if Mexico cannot agree to better labour […] Read more
Farm groups line up against feds’ tax proposal
National, regional and sector farm groups are forming up with several major business associations on the offensive against a proposal to reform how incorporated businesses are taxed in Canada. The federal finance department tabled a series of proposals July 18, opening them for public comment until Oct. 2 for a proposed effective date of Jan. […] Read more
Dow, DuPont wrap up merger
With Dow Chemical and DuPont now officially a married couple, the two companies’ agriculture businesses are scheduled to clear out of the house within the next year and a half. As per the terms of the merger-of-equals deal they first announced in late 2015, the two companies’ separate shares ceased trading in New York Thursday […] Read more
Cargill CEO sees Harvey not likely weighing much on farm freight
Mexico City | Reuters — Global commodities trader Cargill does not expect a significant impact on freight costs or logistics from the massive flooding caused by Hurricane Harvey in Texas and Louisiana, its top executive said Friday. Cargill CEO David MacLennan said while it was still too early to assess the full impact of the […] Read more
NAFTA talks resume in Mexico City
Mexico City | Reuters — Trade negotiators from Canada and the U.S. gathered under rainy skies in Mexico City on Friday to discuss the North American Free Trade Agreement, with the mood darkened by U.S. President Donald Trump’s persistent threats to pull out. Teams from the three countries were due to kick off a second […] Read more
Cyber-Savvy Farmer
