Crops
MarketsFarm — Nearly a week after the U.S. Department of Agriculture’s (USDA) Aug. 12 release of its monthly supply and demand estimates, they still lingered in the minds of traders at the Chicago Board of Trade (CBOT). “Corn at $5.65 (per bushel), that’s where it’s trading right now, that is the fair market value for […] Read more
CBOT weekly outlook: Focus shifts away from USDA supply, demand estimates
The Andersons to pay debt, invest in core units after rail business sale
Renewable fuels, specialty foods investments considered
Chicago | Reuters — U.S. grain handler The Andersons plans to use US$550 million from the sale of its rail leasing business to pay down debt and invest in sustainable farming and low carbon initiatives in its core grain and fertilizer units, CEO Pat Bowe told Reuters on Tuesday. Maumee, Ohio-based Andersons sold its rail […] Read more
Nutrien confident in potash demand even with BHP project
Calgary | Reuters — Canada’s largest potash producer Nutrien said Tuesday it is confident in growing global demand for the crop fertilizer, shrugging off BHP Group’s decision to press on with its massive Jansen project in Saskatchewan that will add millions of tonnes a year of potash supply. BHP announced Tuesday it is going ahead […] Read more
U.S. grains: Wheat tumbles on profit-taking off eight-year high
Chicago corn, soy follow
Chicago | Reuters — U.S. wheat futures fell more than three per cent on Tuesday in a profit-taking setback after the most-active contract reached an 8-1/2-year high last week, traders said. Corn and soybean futures followed wheat lower, with soybeans retreating from early advances despite fresh export sales of U.S. soy. Chicago Board of Trade […] Read more
BHP approves Saskatchewan potash project’s completion
Major miner expects to produce about 4.4 million tonnes of fertilizer per year
After over a decade of development and digging, one of the world’s biggest mining and metals companies has granted its Saskatchewan potash mining project the go-ahead to completion and full production. Australian-British mining firm BHP announced Tuesday its board has approved its potash mine about 60 km southeast of Humboldt, near Jansen, Sask., for another […] Read more
Pulse weekly outlook: Pulse trade with India strong, but flawed
MarketsFarm — India remains as the largest international buyer of Canadian lentils, despite factors affecting trade between the two countries. While Western Canada deals with drought conditions which have likely lowered this year’s lentil crop, the Indian government’s restrictions on imports have threatened to hinder Canadian exports. “Despite tariffs and technical measures in place that […] Read more
U.S. grains: Wheat ends mixed, near 8-1/2-year high
Pro Farmer corn, soy tour begins in U.S.
Chicago | Reuters — Chicago Board of Trade wheat futures took a breather on Monday after setting 8-1/2-year highs last week on concerns about tightening supplies in exporting countries hit by harsh weather. Russian agriculture consultancy Sovecon trimmed its forecast for Russia’s crop by 0.3 per cent from last week in the latest estimated reduction […] Read more
Richardson buys up veg oil-based drilling lubricant maker
Grain firm supplies canola oil to Control Chemical
The Calgary maker of Matex drilling fluids is under new ownership from one of its minority owners and its biggest supplier of crude canola oil. Winnipeg grain firm Richardson International announced last Tuesday it has bought full ownership of Control Chemical Corp. for an undisclosed amount. Control Chemical is billed as a specialized manufacturer of […] Read more
Brandt to buy Deere dealership chain Cervus
Regina firm to pay $302 million in all-cash deal
The world’s biggest privately-owned chain of Deere construction and forestry equipment dealerships is set to expand its reach into Deere farm equipment in a major way. Brandt Tractor, the equipment sales arm of the Regina-based Brandt Group, on Monday announced an agreement to buy all of publicly-traded Cervus Equipment Corp. for $19.50 a share, valuing […] Read more
Renowned U of A wheat-breeding program hanging on — for now
It’s now cranking out new varieties but government cuts threaten program’s revival, says top breeder
Reading Time: 3 minutes Further cuts to post-secondary institutions could lead to the “canola-ization” of wheat breeding. And that’s not a good thing, says one of the country’s top wheat breeders. “I think farmers would say the canola experience is a mistake — letting private enterprise take it over,” said University of Alberta professor, Dean Spaner. “Effectively, they’re breeding […] Read more