MarketsFarm — As Malaysian palm oil continues to increase in price due a shortage, it has led to a rally in canola on ICE Futures, said Wayne Palmer of Exceed Grain in Winnipeg. The shortage stems from dry conditions in Indonesia and Malaysia, the world’s top two palm oil producers. While the dryness has been […] Read more
ICE weekly outlook: Palm oil shortage leads to canola rally
Bibeau remains federal agriculture minister in shuffle
Updated, Nov. 21— Quebec MP Marie-Claude Bibeau retains her role as federal minister of agriculture and agri-food in Wednesday’s cabinet shake-up for the Liberals’ minority government. Bibeau will join her colleagues — including returning Transport Minister Marc Garneau and new Labour Minister Filomena Tassi, a Hamilton MP and former minister for seniors — in having […] Read more
New environmental rules expected to further lift diesel prices
MarketsFarm — Diesel prices in Canada and the U.S. have increased marginally ahead of winter, which is expected for this time of year — but in the New Year, prices on the farm will likely be higher than normal, as the ocean freight industry adopts new environmental standards. While a farmer’s demand for diesel is […] Read more
Are you prepared to do more with less agricultural research?
That’s the question farm and research groups are facing as government and industry funding falls
Reading Time: 4 minutes There will be less government money and a renewed focus on boosting productivity on the farm, but the details of the province’s new plan for ag research are still up in the air. “We’d like to get to a point where we have a long-term vision for agricultural research — one that’s designed to be […] Read more
U.S. biodiesel industry struggles without subsidy
New York | Reuters — When John Whittington shut his Indiana biodiesel plant this week, he knew the move would leave all 14 of his workers there looking for jobs heading into the U.S. holiday season. But he felt he had no choice. A $1-per-gallon subsidy that had been propping up the industry since 2005 […] Read more
Pot producer Canopy Growth to stop expanding in Canada
Reuters — Canopy Growth Corp. on Thursday reported a wider-than-expected quarterly loss on soaring expenses and said it would not make any large investments to expand in Canada amid surplus supply and tepid demand for weed and weed products. The decision to hold expansion plans follows a wave of enthusiastic spending by marijuana companies to […] Read more
Juice producer Lassonde to buy Sun-Rype
Canada’s domestic fruit juice sector is poised for consolidation as Quebec’s Lassonde Industries mounts a friendly $80 million bid for Sun-Rype Products. Lassonde recently announced it has entered an agreement with subsidiaries of Sun-Rype’s owner, the Jim Pattison Group, to buy the Kelowna, B.C.-based fruit snack and juice maker and its two U.S. affiliates for […] Read more
Ukrainian lawmakers vote to lift ban on sale of farmland by 2020
Kiev | Reuters — Ukrainian lawmakers voted Wednesday to remove a ban on the sale of farmland for the first time in nearly two decades, a move supported by the country’s foreign backers that risks a political backlash. The proposal must be voted on a second time to come into force. The ban would be […] Read more
ADM says to focus on organic growth after acquisitions
Geneva | Reuters — Grain trader Archer Daniels Midland does not expect to continue its aggressive strategy of acquisitions in the next few years and will instead focus on organic growth, a senior official said on Wednesday. “With this level of acquisitions we have had, I don’t think you will see ADM being a very […] Read more
Nutrien cuts profit forecast on weak fertilizer demand
Bengaluru |Reuters – Canadian fertilizer maker Nutrien Ltd missed third-quarter profit estimates and cut full-year earnings forecast on Monday, as it battled lower demand for its crop nutrients. Agricultural companies have seen their profits hammered by harsh weather that delayed planting season in North America and a trade war fueled uncertainty that has crimped crop demand. “Nutrien’s third-quarter […] Read more
Cyber-Savvy Farmer
