Reuters — Canadian farmers will get squeezed between new trade deals that allow more dairy imports to enter the country and slow-growing domestic consumption, Saputo’s CEO said on Thursday. The Trans-Pacific Partnership trade deal is expected to open access for New Zealand, the U.S. and other countries to 3.5 per cent of the Canadian market, […] Read more
TPP deal to pressure Canadian dairy farmers, Saputo says
Mosaic sees sliding fertilizer sales; cost-cutting boosts profit
Fertilizer sales look to slide through the rest of the year, U.S. producer Mosaic Co. said on Tuesday, as greater shipments into key markets by rivals in Belarus and China boost competition. The world’s largest producer of finished phosphate products reported a bigger-than-expected quarterly profit, helped by cost-cutting. Fertilizer prices have fallen as the strong […] Read more
U.S. grains: Wheat falls most in two months; soybeans, corn follow
Winnipeg/Reuters – Chicago wheat futures fell nearly 3 per cent on Monday, the most in two months, as rain in dry U.S. areas encouraged the market to stay within its trading range after weather worries earlier drove prices to a three-week high. Traders were awaiting U.S. government crop data later on Monday to see if […] Read more
Maple Leaf swings to profit but shares slide
Maple Leaf Foods swung to a rare profit in the third quarter as the company nears the end of its restructuring plan. The profit is only Maple Leaf’s second in the past 11 quarters, but was slightly smaller than expected. Shares fell nearly seven per cent in Toronto trading to $20.95, as the company delayed […] 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
India’s drought a bonanza for Canadian pulse growers
Winnipeg/Mumbai | Reuters — Prices for Canadian pulses typically ease toward the end of the year but a recent dry spell in distant India, the world’s top producer and consumer, is driving them up. Back-to-back drought years for the first time in three decades has eroded India’s output of pulses and boosted imports. Global prices […] Read more
Not much interest in Glencore ag assets at grain firm G3
Winnipeg | Reuters –– Grain handler G3 Canada, a joint venture between a Saudi Arabian firm and Bunge Ltd., doesn’t have much interest in bidding for a stake in rival Glencore’s agricultural business, its chief executive said Tuesday. Swiss-based Glencore, the trader and miner whose shares have been battered by the commodities slump, is looking […] Read more
U.S. grains: Wheat extends rally, soybeans slip
Reuters — Chicago wheat rose more than one per cent on Thursday, extending a rally triggered by Wednesday’s U.S. Department of Agriculture data that put the 2015 U.S. crop below market estimates. Corn futures rose slightly on technical buying and spillover support from wheat. Soybeans slumped on pressure from an advancing Midwest harvest and technical […] Read more
Canada to pay farmers for any losses under TPP deal, Ritz says
Reuters — Canadian farmers will receive government compensation for any losses resulting from a Trans-Pacific Partnership (TPP) trade deal, the country’s agriculture minister said Wednesday in a discussion about the nation’s protected farm sectors. The U.S., New Zealand and Australia want Canada to start dismantling a system of supply and import controls over dairy, poultry […] Read more
Liberals, NDP say would clarify foreign takeover rules
Winnipeg | Reuters –– Canada’s Liberal and New Democratic parties, vying to replace the governing Conservatives in a tight three-way election race, both say they would clarify rules around foreign corporate takeovers if they win. Liberal leader Justin Trudeau, campaigning in Winnipeg on Tuesday, said foreign investors need clearer rules around takeovers. “(Conservative Prime Minister […] Read more
Cyber-Savvy Farmer
