CNS Canada — The clock is ticking for Manitoba producers who wish to lay down nitrogen or phosphorous on their fields. Wet conditions in many parts of the province are making it tough for farmers to get their machines onto fields, according to Dan Mazier, president of Keystone Agricultural Producers. “We just drove from Winnipeg […] Read more
Crunch time for Manitoba producers to fertilize
CP books more grain revenue on less grain in Q3
Canadian Pacific Railway (CP) boosted its income from Canadian grain by five per cent in its third quarter ending Sept. 30, on its way to its highest-ever Q3 gross revenue. Across all its business segments, the Calgary-based railway on Tuesday reported net income of $323 million on $1.709 billion in revenue for the quarter, down […] Read more
Mustard growers relish price spike from supply squeeze
Reuters — From Canada to India, there is a squeeze on mustard that has put producers in a pickle. Prices of the yellow condiment dabbed on hot dogs and pretzels have leaped to their highest level in seven years this autumn as growers in Western Canada, which supplies three-quarters of the world’s traded mustard seed, […] Read more
Spot mustard prices hit fresh highs on reduced acreage
CNS Canada — Producers who opted against selling mustard earlier in the season are now relishing the spot market, which is reaching fresh highs not seen since 2008 against contract prices. Delivered elevator prices are between 45 to 46 cents per pound for yellow mustard, 31 to 33 for brown, and 34 to 36 for […] Read more
Glencore reported moving ahead on ag stake sale
Commodities firm Glencore, the owner of Prairie grain-handling heavyweight Viterra, is reported as already moving forward on plans to bring minority investors into its ag business. Glencore announced earlier this month it plans to tame the debt it’s racked up in its recent major expansions, partly through sales of assets and new shares. Those assets, […] Read more
Mustard prices still high heading into harvest
CNS Canada –– The mustard market has been moving steadily higher in recent months, reacting to projections for reduced yield from Statistics Canada, which could spur selling straight out of harvest, one buyer says. Mustard prices gained throughout July and August, said Walter Dyck, a buyer for Olds Products. That’s largely due to estimates from […] Read more
Frost takes greater toll on mustard crops than dryness
CNS Canada — Freezing temperatures at the end of May took a toll on Saskatchewan’s mustard crops, industry specialists say. Walter Dyck, seed division manager for Olds Products, said many growers have reduced acreage this year. “We had early seeding, but the frost — not just one frost, but many frosts had an impact this […] Read more
Frost damage to Prairie mustard still to be determined
CNS Canada –– The president of the Saskatchewan Mustard Development Commission says he’s optimistic this year’s mustard crop will be OK after temperatures dipped below freezing over the weekend. In an interview Monday, Richard Marleau said it will take another four to five days before anyone knows for sure. In southwestern Saskatchewan, “it was 0 […] Read more
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