MarketsFarm — Canadian canola ending stocks will be much tighter than earlier thought, according to updated supply/demand tables which were released late Thursday by Agriculture and Agri-Food Canada and account for the latest production numbers from Statistics Canada. AAFC’s projected canola ending stocks for 2019-20 were lowered to 3.5 million tonnes, which compares with the […] Read more
AAFC lowers canola ending stocks forecast
Fraser: Bibeau buying time, BRM not a federal priority
The federal government is buying time when it comes to making drastic improvements to AgriStability and other business risk management (BRM) programs. Federal Agriculture Minister Marie-Claude Bibeau recently announced minor, cost-free tweaks to AgriStability, during the same week the public was given an updated look at Canada’s fiscal situation. That update shows the Liberal government’s […] Read more
Cannabis patients boost Aurora edible sales
Toronto | Reuters — Aurora Cannabis this week became the first major Canadian company to sell edibles and vapes for medical use, a small base that nevertheless helps shore up margins and paves the way for sales in the much larger European medical market. Medical marijuana has been legal in Canada since 2001, and recreational […] Read more
Mosaic to cut fertilizer production as weather dampens demand
Reuters — Mosaic Co. said Thursday it will reduce fertilizer production until market conditions improve, as a difficult harvest season in North America has led to reduced fertilizer usage. Agricultural companies’ profits have been hammered this year due to an unusually cold and wet weather that has delayed planting season in North America, and lower […] Read more
Central Ontario MP named parliamentary ag secretary
A former Belleville, Ont. mayor will now play a backup role to the federal agriculture minister in the House of Commons. Neil Ellis, the Liberal MP for the Bay of Quinte constituency in central Ontario since 2015, was named Thursday as parliamentary secretary for the minister of agriculture and agri-food, Marie-Claude Bibeau. Ellis was a […] Read more
U.S. grains: China trade news provides lift
Chicago | Reuters — U.S. soybean futures touched a three-week high on Friday after Washington and Beijing announced a “phase one” trade deal, but the market pared gains amid uncertainty about the details of the pact, including the size of any potential Chinese agricultural purchases. As part of the agreement, Beijing committed to buy an […] Read more
Chinese officials, Trump agree to tariff rollbacks
Beijing/Washington | Reuters — The United States and China cooled their trade war on Friday, announcing a “phase one” agreement that reduces some U.S. tariffs in exchange for increased Chinese purchases of U.S. farm goods. Chinese officials offered no specific details on the amount of U.S. agricultural goods Beijing had agreed to buy, a key […] Read more
K+S considering sale of stakes in potash, salt businesses
Frankfurt | Reuters — German potash and salt miner K+S said it was looking into selling stakes in its North American businesses because an ongoing cost cutting push would not yield enough savings to reach its debt reduction target. A company spokesman said K+S was considering selling a stake in its Bethune, Sask. potash mine […] Read more
Field monitoring systems to cast wider Canadian net
Farmers will soon get a new entry point in the Internet of Things (IoT) as a new company brings field monitoring tools and services to the Canadian market. Austrian tech firm Pessl Instruments and Winnipeg-based Glacier FarmMedia, the owner of this website, on Wednesday announced a new joint venture, Metos Canada, to market and support […] Read more
That’s progress: Event rebrands as ‘Canada’s Farm Show’
One of Canada’s biggest annual trade shows is downsizing its brand to three words for 2020. Regina Exhibition Association Ltd. (REAL) announced Monday that Canada’s Farm Progress Show, running June 16 to 18 next year at Regina’s Evraz Place, will now be titled Canada’s Farm Show, with a “new visual identity.” “With the increase of […] Read more
Cyber-Savvy Farmer
