New York | Reuters — The owners of several new potash mines that are adding fertilizer to an already oversupplied market are banking on better times, bucking industry thinking that the projects may snuff a modest price recovery. The drive to build new mines began when potash prices were higher, but last year prices slid […] Read more
Cereals
Undaunted by glut, new potash players bank on fertilizer rebound
U.S. grains: Wheat gains as dollar sags
Chicago | Reuters — U.S. wheat futures firmed on Wednesday, supported by a tumbling dollar and unwanted rains heading for the southern Plains growing area, analysts said. Corn followed wheat higher while soybeans ended modestly lower, retreating from early gains. Chicago Board of Trade July wheat settled up 2-3/4 cents at $4.27 per bushel, after […] Read more
Ontario to add local weight to land use appeal process
Ontario’s Municipal Board (OMB), which handles appeals of land use planning decisions across the province, is set to be replaced with a new Local Planning Appeal Tribunal. The provincial government announced Tuesday it will introduce legislation “in the coming weeks” to replace the Ontario Municipal Board with the new tribunal, “mandated to give greater weight […] Read more
Saskatchewan to tap farm leaders for drainage board
Representatives from four Saskatchewan farmer organizations will sit on a new provincial advisory board on farm drainage policy. The provincial government on Tuesday announced the creation of two advisory boards: a policy development board and technical review board. Specific members haven’t yet been named to either board, but the province said the policy advisory board […] Read more
U.S. grains: CBOT soy rallies on export demand
Chicago | Reuters — U.S. soybean futures rose 1.1 per cent on Tuesday, supported by strong export demand for U.S. supplies despite a massive crop from South American producers Brazil and Argentina. Technical buying also helped fuel a rally in the soybean market, which closed near session highs. Chicago Board of Trade soft red winter […] Read more
Early reviews positive for grain transportation bill
Long-awaited amendments to the Canada Transportation Act that Prairie grain farmers and shippers hope will result in better rail service were tabled Tuesday in the House of Commons. At press time Tuesday farm organization and grain company officials were still assessing Bill C-49, which also deals with other transportation issues, including air travel. At first […] Read more
Ottawa to keep revenue cap on grain shipments by rail
Ottawa | Reuters — The Canadian government introduced draft legislation on grain transportation on Tuesday that would keep in place a revenue cap on western grain that railways haul for export. The grain revenue cap, or “maximum revenue entitlement” (MRE), has been in place since 2000 and is intended to balance the market power of […] Read more
Four farmers named to panel on Ontario prison farms
Four eastern Ontario farmers have been named to a new seven-member advisory panel on the “potential reopening” of two federal penitentiary farms at Kingston. Correctional Service Canada (CSC) on Thursday announced the panel members, who are expected to hold their first meeting next month and to “engage with community stakeholders” on the farms’ possible reopening. […] Read more
U.S. grains: Wheat down on global supplies, seasonal pressure
Chicago | Reuters –– U.S. wheat futures fell more than two per cent on Monday on chart-based selling, abundant global supplies and seasonal pressure from the approach of harvest, analysts said. Corn futures followed wheat lower. Soybeans were firmer, but pared gains on a smaller-than-expected monthly U.S. soybean crush figure. Chicago Board of Trade July […] Read more
Trump reassures farmers immigration crackdown not aimed at their workers
Washington/San Francisco | Reuters — U.S. President Donald Trump said he would seek to keep his tough immigration enforcement policies from harming the U.S. farm industry and its largely immigrant workforce, according to farmers and officials who met with him. At a roundtable on farm labour at the White House last month, Trump said he […] Read more
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