Canada’s biggest wheat crop in more than two decades will send supplies from the No. 2 wheat exporter into unusual places, battling head-on with U.S. wheat, grain traders said. Canadian farmers are expected to harvest 30.6 million tonnes of wheat this autumn, counting all varieties, according to Statistics Canada. Nearly two-thirds of the crop, or […] Read more
Canada’s big wheat crop vies with U.S. for export sales
Price drop seen unlikely to close higher-cost mines: PotashCorp
A move by top global potash producer Uralkali to quit its export partnership and seek to maximize sales volumes is unlikely to weed out higher-cost producers, the chief financial officer of rival PotashCorp said on Wednesday. Russia’s Uralkali OAO broke up Belarusian Potash Co. (BPC) in July and predicted the price of potash would plummet […] Read more
Uralkali potash plan fails ‘sniff test,’ Mosaic CEO says
Uralkali’s revamped potash marketing plan, focusing on maximizing sales volume rather than price, fails the “economic sniff test,” Mosaic Co. CEO Jim Prokopanko said on Tuesday. Prices of the crop nutrient have slipped since midsummer, when the biggest global producer, Russia’s Uralkali OAO, quit its export partnership with Belaruskali and said it would seek to […] Read more
CBOT soybeans fall two per cent as rain tempers worries
U.S. soybeans fell two per cent on Monday for the second straight session as forecasts for more rain this week eased concerns about declining U.S. harvest prospects and offset a tighter-than-expected supply outlook from the government. Corn slipped on reports of big yields from the early U.S. harvest, adding to a sharp drop since last […] Read more
Canada canola stocks tighter than expected; wheat supplies thin
Reading Time: < 1 minute Reuters / Canadian stocks of canola dropped to their lowest level in 15 years at midsummer, further than expected, and wheat supplies were the smallest in five years, Statistics Canada said Sept. 6. The national statistical agency, using a farmer survey, pegged canola stocks in commercial storage and farms at 608,000 tonnes as of July […] Read more
Canada may use satellites, not farmers, to measure crop size
Reading Time: 2 minutes Statistics Canada may scrap one of its annual farmer surveys on crop yields in favour of a report that uses satellite data to estimate production. StatsCan, the national statistical agency, said the satellite data was producing increasingly similar results to its September farmer survey on yields of wheat, canola and other crops, and the change […] Read more
Glencore sale of Viterra farm outlets to Agrium wins Canadian regulatory nod
Reading Time: < 1 minute Canadian regulators have approved Glencore Xstrata PLC’s sale of some Viterra farm retail stores to Canadian fertilizer company Agrium Inc. in a deal that will make Agrium the dominant farm retailer in Canada. Agrium, already the biggest U.S. retail seller of fertilizer, chemicals and seed, will get 210 stores across Western Canada from Glencore in […] Read more
StatsCan may use satellites, not farmers, to measure crop size
Statistics Canada may scrap one of its annual farmer surveys on crop yields in favour of a report that uses satellite data to estimate production. StatsCan, the national statistical agency, said the satellite data was producing increasingly similar results to its September farmer survey on yields of wheat, canola and other crops, and the change […] Read more
Prairie canola, wheat ripen in ‘ideal’ weather
Western Canada’s canola and wheat crops look to ripen this week in greenhouse-like conditions, weather forecasts show, increasing the chances of bumper crops. Despite delayed spring planting and cool weather earlier in summer that slowed crop development, Canada is set to reap its biggest wheat crop in 22 years and the largest canola harvest ever, […] Read more
U.S., Canada meat groups ask court to block U.S. labelling rules
Reading Time: 2 minutes Reuters – Eight meat and livestock groups from the United States and Canada have asked a U.S. court to strike down stricter U.S. meat labelling rules that they say have hurt U.S. processors and Canadian farmers, arguing that they violate the U.S. Constitution. The suit, filed July 8, seeks to undo recent revisions to four-year-old […] Read more
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