CNS Canada — Grain and oilseed stocks data released Friday from Statistics Canada were bullish for canola and wheat — though analysts suggest the effects of the report on the market may be short-lived. Figures for barley, lentils and peas were above year-ago levels, but movements in those markets are more likely be driven by […] Read more
Cereals
StatsCan data confirm tight canola supplies
ChemChina clinches takeover of Syngenta
Zurich | Reuters –– ChemChina has won more than enough support from Syngenta shareholders to clinch its US$43 billion takeover of the Swiss pesticides and seeds group, the two companies said Friday. The deal, announced in February 2016, was prompted by China’s desire to use Syngenta’s portfolio of top-tier chemicals and patent-protected seeds to improve […] Read more
U.S. farm groups pile on Canada as Trump eyes trade fairness
Winnipeg | Reuters — U.S. President Donald Trump’s criticism of the protected Canadian dairy system has emboldened U.S. farm groups to tackle other longstanding agriculture irritants, as the countries move toward rewriting trade rules. U.S. poultry exporters, who include Tyson Foods and Pilgrims Pride Corp., as well as egg sellers, are expected to seek greater […] Read more
U.S. grains: Wheat plunges, erasing most of Monday’s rally
Chicago | Reuters — U.S. wheat futures fell 3.7 per cent on Thursday, pressured by results from a crop tour that showed yield prospects in Kansas remained above-average despite a severe snow storm, traders said. A round of profit-taking also pressured wheat prices, which rallied this week to their highest in nearly two months on […] Read more
Prairie seeding off to ‘shaky start’
CNS Canada — Western Canada will likely see some favourable seeding conditions in the short term, one meteorologist says, though wet pockets in some areas need longer to dry out. “We are getting off to a little bit of a shaky start in some spots, but it looks like the weather pattern is going to […] Read more
Glacier Media strengthens weather, ag technology team
Glacier Media, a leading Canadian business information news, insights and data supplier, has appointed Jonathan Neutens as president of its Weather Innovations Consulting (WIN) group. Neutens, who has more than 20 years experience in North America’s agribusiness sector, will lead the team at WIN to scale its business in the ag technology space, building on the existing […] Read more
Farm, ranch work still exempt from Alberta helmet rule
Farm and/or ranch work remain exempt in the final version of Alberta’s new law requiring off-highway vehicle users to wear helmets while riding on public land. Provincial Bill 36, which passed in December, takes effect May 15, requiring an approved helmet for anyone “driving, operating, riding in or on, or being towed by” an off-highway […] Read more
Kraft Heinz profits miss on weak demand in Canada, U.S.
Reuters — Kraft Heinz, North America’s third-largest food and beverage company, reported lower-than-expected quarterly profit and sales, hurt by weak demand in the U.S. and Canada. Shares of the company, which owns brands such as Velveeta cheese and Heinz ketchup, were down nearly three per cent at $86.75 in after-hours trading on Wednesday (all figures […] Read more
Weather woes buoy U.S. wheat futures
CNS Canada — Wheat futures in the U.S. kicked off the week on a high note, following a weekend of adverse weather in key growing regions. That may provide a short-lived boost to cash prices in Canada, though the market has its own weather watch. Chicago Board of Trade wheat futures on Monday advanced close […] Read more
CBOT weekly outlook: ‘Managed money crowd’ buoys futures
CNS Canada — Bullish weather propped up Chicago Board of Trade (CBOT) corn and soybean futures, spurring spec buying on the week — but it’s likely not enough to break the commodities’ ranges, one U.S. analyst says. “Lately here, of course it’s been weather with all the rain last week and over the weekend. The […] Read more
Cyber-Savvy Farmer
