Crops
Chicago | Reuters –– U.S. grain and soybean futures jumped on Tuesday on expectations that the U.S. Agriculture Department (USDA) may lower its domestic harvest estimates at the end of the week. Short-covering in the markets ahead of the release of USDA crop reports on Friday (Sept. 11) helped lift nearby wheat futures from a […] Read more
U.S. grains: Prices rise on harvest uncertainty, short-covering
PotashCorp reported hiring third bank in battle for K+S
Reuters — Canada’s PotashCorp has hired a third investment bank as adviser in its effort to take over German fertilizer maker K+S , a German newspaper reported Sunday. Bank of America Merrill Lynch will join Morgan Stanley and Deutsche Bank in advising the Saskatoon-based fertilizer giant in the effort, the Frankfurter Allgemeine Zeitung newspaper said, […] Read more
EU to give 500M euros to farmers hit by Russia sanctions
Brussels | Reuters — The European Commission announced a 500 million-euro (C$743 million) package of measures on Monday to provide relief for farmers stung by slumping prices, triggered partly by the loss of exports to Russia due to EU sanctions against the country. The crisis has triggered a wave of protests which culminated on Monday […] Read more
Egypt’s ag minister arrested on suspicion of corruption
Cairo | Reuters — Egypt’s agriculture minister resigned on Monday and was arrested on suspicion of corruption shortly after leaving the cabinet building. “He was arrested in connection with a corruption case involving illegal land licences,” a security official said. “He is under investigation.” The minister, Salah El Din Mahmoud Helal, could not immediately be […] Read more
Bayer issues fungicide warning for wine grape growers
Zurich | Reuters — Germany’s Bayer has advised wine grape growers not to use its Moon Privilege fungicide until its Bayer CropScience arm has investigated whether there’s a connection between the product’s use and reported crop damage. Growers have reported deformed leaves and lower yields from their crops this year. Referring to “atypical symptoms” in […] Read more
Foothills Fescue Range Health Assessment Training offered
Reading Time: < 1 minute The Foothills Restoration Forum is holding two hands-on sessions on conducting range health assessments. The Foothills Fescue Range Health Assessment Training will be held on Sept. 15 in Stavely and the Mixedgrass and Dry Mixedgrass Range Health Assessment Training session will be held in the Cypress Hills/Manyberries area on Sept. 17. The courses will focus on the […] Read more
Alberta producers making good harvest progress
Alberta crop conditions as of September 1, 2015
Reading Time: < 1 minute Alberta producers were able to make good harvest progress this past week with the South region showing the greatest advancement. Thick smoke haze in the atmosphere reduced temperatures and slowed drying across much of the province. High winds in southern Alberta helped to dry crops but also caused damage by blowing swaths and breaking heads. […] Read more
Canola charts pointed lower
CNS Canada — ICE canola futures have posted large losses over the past week, but chart signals are still overwhelmingly bearish, with at least another $10 to go before the November contract should find support. November canola settled at $454.50 per tonne on Friday, down by over $20 from the previous week. However, trend lines […] Read more
Cash wheat prices move lower across Prairies
CNS Canada –– Cash wheat bids across Western Canada edged lower during the week ended Friday, as basis levels held relatively steady and the continued slide in U.S. futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by roughly C$2 per tonne across the three Prairie provinces, according to price […] Read more
U.S. grains: Wheat, corn creep higher as investors trim bearish bets
Reuters — Chicago wheat edged higher after touching a five-year low on Friday, and corn also inched up as investors covered short positions in both grains after recent declines. The nearby contract for wheat finished with its fourth straight weekly loss in the face of stiff export competition from northern hemisphere harvests, losing four per […] Read more