Crops
Chicago | Reuters — Chicago soybean futures gained on Wednesday, touching a one-week high as recent rains in South America do little to aid drought-stricken crops, making U.S. beans more attractive on the world market, traders said. Wheat fell slightly as U.S. and global supply outlooks remain strong, while corn was choppy, paring early declines […] Read more
U.S. grains: Soybeans lift on South American weather concerns
Market weighs U.S. vote, pending WASDE report
CFIA to consult on new near-meat, non-meat guidelines
Clarity for labels, promotion, composition to be considered
“Greater clarity” in federal guidelines for the makeup and labels of “simulated” meat and poultry products is the end zone for a new round of consultations underway for the next month. The Canadian Food Inspection Agency on Tuesday announced the launch for the public consultation, which includes an online survey and runs until Dec. 3. […] Read more
CBOT weekly outlook: Eyes on U.S. election, next supply and demand report
MarketsFarm — With no final results yet Wednesday in the U.S. presidential election, there has been very little, if any, effect on the Chicago Board of Trade (CBOT), according to Allendale Inc. president Steve Georgy. “For the grain markets there hasn’t been a higher impact yet, but it is rather quiet,” he said from McHenry, […] Read more
Canopy Growth to move U.S. listing to Nasdaq
Canadian cannabis company minding expenses
Reuters — Canadian pot producer Canopy Growth said on Tuesday it would move its U.S. stock listing to the Nasdaq, following rival Aphria in favouring the exchange’s “cost-effectiveness.” Canopy’s U.S. shares, currently listed on the New York Stock Exchange, rose over four per cent in extended trading. Years of high expenses and a lack of […] Read more
Equipment dealer chain Rocky Mountain to go private
Publicly traded CNH dealer's top brass make offer
Canada’s biggest farm equipment dealership chain has made a deal to take itself private after almost 13 years on the TSX. Rocky Mountain Dealerships (RME) announced Monday it has an agreement in place with a numbered Alberta company controlled by CEO Garrett Ganden and board chairman Matthew Campbell, for 100 per cent of RME at […] Read more
Savour it: The stars have aligned for crop producers
Demand, prices and shipping are all strong, and that’s not something that happens very often
Reading Time: 3 minutes There’s a huge good news story coming out of 2020 for crop producers. Or rather, three of them — demand is up, prices are good, and shipping is going like gangbusters. “Total volumes are up about 23 per cent year over year,” said Brennan Turner, CEO of online grain-marketing company FarmLead. “We moved about 8.34 […] Read more
Pulse weekly outlook: Pea exports up on year, China a key buyer
MarketsFarm — Canadian pea exports are running ahead of the year-ago level, with China the main buyer, according to the latest Canadian Grain Commission (CGC) data. Total pea exports tracked by the commission, at 1.12 million tonnes during the first 12 weeks of the 2020-21 crop year, are up 34 per cent compared to the […] Read more
U.S. grains: Soybean futures climb on export optimism
'No matter who's president, China still needs to feed their hog herd'
Chicago | Reuters — Chicago soybean futures climbed on Tuesday on export optimism and a slower-than-expected U.S. harvest pace, traders said. Wheat firmed as traders monitored dryness in U.S. and Russian growing belts, while corn traded higher on continued hopes of China buying. The most-active soybean contract on the Chicago Board of Trade (CBOT) settled […] Read more
Bayer takes major writedown, flags Roundup settlement bill
Company writes down agribusiness assets
Frankfurt | Reuters — Bayer is facing a double hit from a higher legal bill for claims relating to weedkiller Roundup as well as 9.25 billion euros (C$14.2 billion) in impairments on agriculture businesses, much of it related to its Monsanto deal. The company said the write-downs, driven by weaker demand from farmers due to […] Read more
Tech firm aims to boost regenerative ag through A.I., machine learning
Terramera proposes to cut emissions, sequester carbon through efficiencies
A Vancouver ag tech firm is pitching a proposal to both public- and private-sector investors that would use Microsoft technology to help the ag sector “pull carbon from the air.” Terramera on Monday put forward a $730 million proposal for an initiative it calls the Global Centre for Regenerative Agriculture, which would oversee efforts to […] Read more