A power corridor that runs from London to Kitchener, Ont. has been a silent neighbour for many who farm in that area. But it’s looking a lot more menacing to them lately, as the likely route for a proposed high-speed rail line from London to Toronto, with stops in Kitchener-Waterloo and Guelph. Farmers in the […] Read more
Greig: Southern Ontario farmers protest high-speed rail impact
U.S. grains: Corn hits contract lows on supply pressure
Chicago | Reuters — Chicago Board of Trade corn futures fell to contract lows on Friday, pressured by technical selling and abundant global grain supplies ahead of another bumper U.S. harvest, traders and analysts said. Soybean futures also eased, declining from Thursday’s two-week high as investors took profits ahead of final data from the annual […] Read more
Agco to ramp up Regina parts distribution
Prairie farmers using Agco equipment brands such as Massey Ferguson and Challenger can expect more types of parts to be in stock more often at the company’s Regina warehouse. The U.S. farm equipment firm’s Agco Parts arm on Friday announced a major expansion of its parts distribution centre in Regina, to be completed by early […] Read more
BHP said exploring stake sale in Saskatchewan potash mine
Toronto/New York | Reuters — Anglo-Australian mining giant BHP Billiton is considering selling a 25 per cent interest in its Saskatchewan potash mine project, a stake that could be worth close to US$2 billion, people familiar with the matter told Reuters. The move comes as activist investor Elliott Management Corp. has been pushing the company […] Read more
Amazon to cut Whole Foods prices amid intense grocery turf war
Reuters — Amazon.com said Thursday it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market, sending shares of rival grocers tumbling over fears of even more brutal market share battles. Amazon’s $13.7 billion purchase of Whole Foods, which won antitrust approval from U.S. regulators on Wednesday, […] Read more
U.S. grains: Soy up on exports, biodiesel hopes
Chicago | Reuters — Chicago Board of Trade soybean futures climbed nearly one per cent on Thursday, lifted by strong export demand, gains in soyoil prices and smaller pod count findings on an annual U.S. crop tour, traders said. Corn and wheat futures rallied late in the trading session on short-covering after prices for each […] Read more
Trio of groups proposes Alberta-based agrifood ‘supercluster’
Agrium, Olds College and global satellite communications corporation MDA have submitted an application to the federal government to form an agrifood “supercluster.” The Liberal government committed up to $950 million (over five years) in its March budget to create hubs that would focus on key economic sectors in an effort to kickstart investment, boost exports […] Read more
CBOT weekly outlook: Corn, soybeans eye Tropical Storm Harvey
CNS Canada — The potential for a storm in the Gulf of Mexico to bring rain to parts of the U.S. Midwest has caught the attention of the grain and oilseed markets. “If it turns farther north and hits some of the dry spots in Indiana, Ohio and Illinois that would be a little bit […] Read more
U.S. FTC clears Amazon acquisition of Whole Foods
Washington | Reuters — The U.S. Federal Trade Commission said on Wednesday it has cleared Amazon.com’s planned US$13.7 billion acquisition of Whole Foods Market. The FTC said in a statement that it had reviewed whether the deal would substantially lessen competition or constituted an unfair method of competition and opted not to pursue its investigation […] Read more
U.S. grains: Corn falls to 2017 lows on plentiful global stocks
Chicago | Reuters — U.S. corn futures sank to their lowest levels of the year on Wednesday on fund-driven technical selling and plentiful global grain supplies, analysts said. Chicago Board of Trade wheat futures rose on bargain-buying after front months fell to contract lows, while soybean futures firmed modestly. CBOT December corn settled down 4-1/4 […] Read more
Cyber-Savvy Farmer
