Chicago | Reuters — Global commodities trader Cargill reported a 41 per cent drop in adjusted quarterly profit on Thursday, citing supply disruptions stemming from the U.S.-China trade war and also flooding in the central United States that hit marketing and transportation of grains and livestock. Cargill, the largest privately held U.S. company, said adjusted […] Read more
Cargill quarterly profit drops on trade tensions, U.S. floods
El Nino seen transitioning to neutral in next month or two
Reuters — The El Nino weather pattern is likely to transition into ENSO-neutral conditions in the next month or two, a U.S. government weather forecaster said on Thursday. “ENSO-neutral” refers to periods in which neither El Nino nor La Nina is present, according to the National Weather Service’s Climate Prediction Center (CPC). ENSO-neutral conditions are […] Read more
Large Manitoba edible bean crop likely, weather willing
MarketsFarm — Manitoba could be looking at its largest edible bean crop in over a decade, as acres were up and early development generally looks good. Manitoba farmers seeded an estimated 163,700 acres of edible beans in 2019, according to Statistics Canada data. That would be up 20 per cent on the year and marks […] Read more
Pulse exporter ILTA Grain under creditor protection
Corrected, July 11 — MarketsFarm — B.C.- based pulse exporter ILTA Grain, which operates pulse handling and processing facilities in Saskatchewan, has been granted creditor protection by that province’s Supreme Court. “The decision to file for (Companies’ Creditors Arrangement Act protection) was made after careful consideration and in our view, is a necessary step for […] Read more
Juror urges judge to uphold US$80M Roundup verdict
Reuters — A juror who was part of a panel that delivered a US$80 million award against Bayer AG after finding that its glyphosate-based weed killer Roundup caused a man’s cancer has urged the presiding judge to uphold the decision. A letter from the juror written on July 4 was posted to the court docket […] Read more
FAO, OECD see swine fever in China among risks to food markets
Paris | Reuters — The spread of a deadly pig disease in China that has disrupted the world’s biggest pork market is one of the major risks to a well-supplied global agricultural sector, the FAO and OECD said on Monday. African swine fever was highlighted in the annual agricultural outlook for 2019-2028 from the Food […] Read more
Pulse weekly outlook: Field pea acreage increasing
MarketsFarm — Last week’s report from Statistics Canada estimated that some acreage in Canada’s canola belt will instead go to field peas in 2019. Approximately 4.3 million total acres will be dedicated to field peas, StatsCan said, marking a 300,000-acre increase from estimates earlier in the year, and up from the 3.6 million acres seeded […] Read more
U.S., Canada, 14 others slam EU farm product regulation at WTO
Geneva | Reuters — The United States and 15 other countries launched a broadside of criticism at the European Union on Thursday, saying its “hazard-based” approach to regulating pesticides and other “critical tools” used by farmers was damaging livelihoods worldwide. Their statement, submitted to the World Trade Organization, said the EU’s approach created great uncertainty […] Read more
Crop conditions creep near five-year average, soil moisture levels still a concern
Alberta Crop Report: Conditions as of June 25
Reading Time: 4 minutes Following a dry spring, most parts of the province have received at least 80 mm of precipitation over June and experienced a wetter weather pattern, with some fields receiving significantly more rain through thunderstorm activities. However, southern parts of Alberta remained dry and in need of rain. Moisture stress in the northern half of the […] Read more
Bayer seeks glyphosate litigation advice as Elliott reveals stake
Frankfurt | Reuters — Chemicals giant Bayer , under pressure from activist shareholders, said on Wednesday it has hired an external lawyer to advise its supervisory board and has set up a committee to help resolve a multi-billion dollar glyphosate litigation issue. Bayer has seen its share price tumble in the wake of its US$63 […] Read more
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