CWB announces 2012-13 initial payments for canola

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CWB will pay farmers delivering canola into its Harvest Pool a $475-per-tonne initial payment for No. 1 and $462 per tonne for canola graded No. 2, the company announced Sept. 4.

The initial payments, which are guaranteed by the federal government, represent a portion of expected final returns. The current pool return outlook for No. 1 canola is $640 per tonne.

The Harvest Pool sign-up deadline is October 31, 2012, with a marketing period that runs from harvest to June 30, 2013. Pool volume may be capped depending on farmer demand and logistical capacity, CWB says in a release. Farmer participation in CWB pools is based on a first-come, firstserved system.

In its market commentary, CWB says the canola supply and demand balance is relatively tight and will remain strained through 2012-13 due to strong domestic and off-shore demand. “The Canadian canola crop is estimated at 14.7 million tonnes, somewhat less than expectations and, given anticipated demand, there is very little chance that ending stocks will increase year on year,” it said.

British cow makes like kitty and gets stuck in a tree

london / reuters A cow had to be rescued by fire services in northern England after it tumbled down a 30-metre river embankment and got stuck in a tree.

The animal was sedated by a vet before being winched out of the tree by firemen using specialist equipment.

“(Fire crews) had to wear body armour in case a stray hoof lashed out at them,” said a spokesman for Cumbria Fire and Rescue Service.

“The vet checked the cow over and it seemed reasonably happy and relatively unscathed.”

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