Crops
CNS Canada — Flaxseed prices remain strong in Western Canada, but that strength is relative and there are more bearish than bullish factors in the background which should weigh on values over the next few months. Spot flaxseed bids can currently be found in the $13-plus per bushel area, while new-crop is in the $11 […] Read more
More downside than upside for Prairie flaxseed bids
Fertilizer firm Mosaic forecasts bigger-than-expected Q4 profit
Reuters — U.S. fertilizer company Mosaic Co. on Monday estimated it would post a larger fourth-quarter profit than expected and surpassed its targets for phosphate sales. Mosaic, the world’s largest producer of finished phosphate products and North America’s second-biggest potash producer, said it expects to earn 93 to 98 cents per share in the quarter […] Read more
Russia may consider grain export ban, but not yet, deputy PM says
Moscow | Reuters — Russia might consider banning grain exports altogether if informal trade restrictions already in place fail to benefit the economy as hoped, a senior minister said Monday. The bulk of Russia’s grain output is wheat, for which it is expected to be the world’s fourth-largest exporter this year. But in response to […] Read more
Food diversity under siege from global warming, UN says
Rome | Thomson Reuters Foundation — Climate change threatens the genetic diversity of the world’s food supply, and saving crops and animals at risk will be crucial for preserving yields and adapting to wild weather patterns, a United Nations policy paper said on Monday. Certain wild crops — varieties not often cultivated by today’s farmers […] Read more
Refiners urge EU to rethink renewables policy after oil collapse
Antwerp | Reuters –– European oil refiners urged the European Union on Monday to review laws calling for increased biodiesel content in road fuel because the cost of such renewables will counter the recent plunge in crude prices and weigh on the refining sector. “Governments should not inflict extra burden on the public by increasing […] Read more
Prairie CWRS bids ease with U.S. futures, CPSR up
CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat deteriorated slightly during the week ended Friday, with losses in U.S. futures weighing on values. However, most other classes of wheat saw a slight improvement, as basis levels narrowed in. Average CWRS prices were generally down by about C$1 to $2 per […] Read more
Ex-Viterra chief returns to Agrium board
No longer lined up to lead Louis Dreyfus’ global commodities operations, Mayo Schmidt is back on the board of one of the world’s major ag retail and fertilizer firms. Schmidt — previously CEO at Viterra, Canada’s biggest grain handling firm, from 2000 to 2012 — had stepped down last month from Calgary-based Agrium’s board of directors in light of […] Read more
Payoff from variable-rate technology is variable
Study of variable-rate fertilizer application finds it’s not a ‘slam dunk’ — sometimes it pays and sometimes it doesn’t
Reading Time: 2 minutes Does variable-rate fertilizer application pay off? Sure it does — if you can find the areas of the field that need it, suggests a recent financial analysis of variable-rate technology (VRT) conducted in Lethbridge. “The more fertilizer you put on, the better results you get,” said Mark Wobick, a farm management consultant with MNP. “But […] Read more
Court tosses CP’s appeal on U.S.-bound grain interswitching
Confirming that a deal is as good as a fixed asset, a Prairie grain handler gets to keep using a lower-price rail route from Alberta into Montana, now that a Federal Court ruling has shot down an appeal from the railway taking grain down to the border. Writing on Jan. 2, Judge J.D. Denis Pelletier […] Read more
Tight rotations may not harm canola yields — but soil health suffers
A long-term study on diversity in rotations produced some surprises, but the benefits were also clear
Reading Time: 3 minutes Brian Beres wasn’t surprised to find more diverse rotations increase cereal grain yields, improve soil health, and increase microbial biomass. What surprised him was how canola fared under tight rotations. Quite well, as a matter of fact. “It was surprising to see that canola didn’t respond to diversity if you looked at crop response variables […] Read more