The Risk Management Program (RMP) is getting a $100 million boost over three years from the Ontario government. “Our government promised farmers we would continue to expand and enhance RMP, and with this historic investment, we have delivered,” said Rob Flack, minister of Agriculture Food and Agribusiness at VanQuaethem Farms Ltd. in Eden, Ont., January […] Read more
Tag Archives grain
Ontario pledges $100 million increase to Risk Management Program
Farm groups have been calling for the increase as they considered the program underfunded
Thunder Bay grain movement stays strong through November
The Port of Thunder Bay continued to see strong grain movement with only a month to go in the 2024 shipping season. Potash shipments are also up on the year.
Agfinity declares bankruptcy
Agfinity Inc. officially filed for bankruptcy on Nov. 25, just over a month since the Alberta grain brokerage shut down operations and laid off employees.
Russia says grain harvest hit by Ukraine war, bad weather
Russia's grain harvest will be hit by the impact of Ukraine's attacks on grain-producing regions close to the border and by bad weather in many other regions.
River level at Amazon rainforest port hits 122-year low amid drought
Grain exports and essential supplies affected
The river port in the Amazon rainforest's largest city of Manaus on Friday hit its lowest level since 1902, as a drought drains waterways and snarls transport of grain exports and essential supplies that are the region's lifeline.
Snobelen Farms Ltd. increases capacity and efficiency at the Brantford facility
A $2 million technology and equipment upgrade on Snobelen Farms Ltd.’s Brantford grain facility is complete. “These upgrades reflect our ongoing commitment to innovation and customer satisfaction,” said Troy Tate, Brantford location manager. “We want our growers to be in, out and back in their combines as seamlessly as possible.” Why it matters: As a […] Read more
Louis Dreyfus first half profit drops as grain supply swells
LDC, one of the world's largest crop traders and processors whose competitors include ADM, Bunge and Cargill, said its core earnings (EBITDA) were $1.057 billion (C$1.434 billion) in the first six months of 2024, against $1.169 billion (C$1.586 billion) a year earlier.
OEL expands with purchase of P&H Ltd.’s Centralia site
Ondrejicka Elevators Ltd. (OEL) has purchased P&H Limited’s Centralia assets. Mike Ondrejicka, owner of OEL, said the company took possession of the site Aug. 1 and will spend the next few weeks developing an integration plan for their operation. The facility expands on OEL’s current six-million-bushel storage capacity and 100,000 bu./hour receiving capabilities, which are […] Read more
Low water on Mississippi to persist despite improved drought outlook
Risk of getting stuck mean less grain per barge
Chicago | Reuters — Low water levels on the lower Mississippi River are likely to persist through at least January despite expected above-normal precipitation across the southern U.S. this winter, forecasters with the National Oceanic Atmospheric Administration (NOAA) said on Thursday. The severe to exceptional drought choking the lower Mississippi River valley is expected to […] Read more
Russia’s leverage on grain to decline, senior U.S. official says
Attacks on ships may hurt pricing
New York | Reuters — Russia’s leverage over Ukraine’s export of grain via the Black Sea will likely erode in weeks to come as more ships are able to leave Ukrainian ports and rising costs could prompt Moscow to reconsider its abandonment of the grain deal, a senior U.S. State Department official said. James O’Brien, […] Read more
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