sales Archives | Alberta Farmer Express

Argentina lifts corn export ban

Export suspension to be replaced with 30,000-tonne sales cap

By Maximilian Heath, GFM Network News January 11, 2021

Buenos Aires | Reuters — Argentina has lifted a suspension on corn exports announced in December and will opt instead for a temporary 30,000-tonne daily cap on sales abroad, its agriculture ministry said on Monday, backing off the more restrictive measure that had infuriated farmers in the South American grains powerhouse. The world’s No. 3 […] Read more

Crops, Machinery & Shop

Buhler pulls Farm King manufacturing back to Canada

Work to halt at Minnesota plant early next year

By Dave Bedard, GFM Network News November 24, 2020

Winnipeg farm equipment maker Buhler Industries is relocating its Farm King manufacturing work back to Canada from the U.S. this winter. After consolidating its U.S. manufacturing this summer into one plant at Willmar, Minn., about 140 km west of Minneapolis, the company said Thursday it will also halt production at Willmar in early 2021. Buhler, […] Read more

Crops, Potatoes

P.E.I. seed potato growers backed for lost sales, costs

Pandemic compensation plan to take applications until mid-January

By Dave Bedard, GFM Network News November 11, 2020

Seed potato growers on Prince Edward Island who lost sales this year due to the COVID-19 pandemic, or have had to store or throw out stock, can soon apply for provincial compensation. The provincial government on Monday announced $1.19 million for a new Seed Potato Recovery Program, for seed growers “who can demonstrate that they […] Read more

Crops, Reuters

Syngenta says IPO ‘on track’

Ag chem firm books higher first-half profit

By Reuters, GFM Network News August 27, 2020

Zurich | Reuters — Agricultural chemical maker Syngenta posted higher first-half profit and sales on Thursday, helped by maintaining supplies to farmers and controlling costs during the coronavirus outbreak, and said it was on track to complete its public listing by mid-2022. The Swiss company, bought by state-owned ChemChina for $43 billion in 2017, posted […] Read more

Crops, Markets, Reuters

Nutrien cuts profit forecast on weak ammonia prices

By Reuters, GFM Network News August 11, 2020

Reuters — Canadian fertilizer maker Nutrien on Monday cut its annual adjusted profit forecast as weaker-than-normal industrial demand held back prices for ammonia and urea ammonium nitrate. The company cut the top end of its 2020 adjusted earnings per share forecast to $1.90 from $2.10 earlier, while retaining the lower end at $1.50. Even as […] Read more

Crops, Markets, Potatoes

Plummeting french fry sales have potato growers re-evaluating

Restaurant closures slash demand, though 'chip sales have been great'

By Alexis Kienlen, GFM Network News April 8, 2020

French fry sales are down across North America as tens of thousands of restaurants have closed during COVID-19, meaning the potato industry has to adapt quickly. Companies that turn potatoes into french fries, wedges and hash browns are slowing down, because there isn’t enough space to store all the frozen product. In Alberta and Manitoba, […] Read more

Livestock, Markets

Livestock auction marts to decide on next steps

Livestock Marketing Association of Canada pondering next move in face of pandemic

By Alexis Kienlen, GFM Network News March 17, 2020

You may want to call first to see if it’s open, but many auction marts in Alberta were still having sales on Tuesday morning. The Livestock Marketing Association of Canada has a conference call set for this evening to discuss COVID-19 safety measures for staff, customers and buyers, said Chance Martin, an LMAC director and […] Read more

Crops, Markets, Reuters

More pain in store for Canadian marijuana companies

Aurora Cannabis, Tilray cut jobs

By Nichola Saminather February 8, 2020

Toronto | Reuters — Investors are bracing for more job cuts and writedowns at Canadian cannabis producers before the industry stabilizes and becomes profitable, after two of the biggest weed companies, Aurora Cannabis and Tilray announced cost reductions this week. Canada legalized recreational cannabis in October 2018 but profits have proven elusive for most marijuana […] Read more

Crops, Machinery & Shop

Machinery costs driving up fixed farming expenses

By Marlo Glass – MarketsFarm February 5, 2020

MarketsFarm — Fixed costs on farms continue to rise year-over-year, a statistic largely attributed to increasing land values and interest rates. At the beginning of 2019, Farm Credit Canada (FCC) reported farmland values across Canada increased by an average of 6.6 per cent during the previous year. But that’s not the main driver of fixed […] Read more

Finishers, Livestock, Markets

Klassen: Fed cattle market underpins feeder cattle prices

By Jerry Klassen January 7, 2020

Alberta packers were buying fed cattle on a dressed basis at an average price of $275 delivered, which equates to $165 on a live basis. Fed cattle prices are now at 52-week highs and feeding margins are in the range of $50 to $70 per head. Strength in the cash fed cattle market was supportive […] Read more

U.S. grains: Soybeans dive to biggest weekly loss in 6-1/2 years

U.S. livestock: Feeder cattle gain from falling feed prices

U.S. grains: South American supply issues wane

GFM Network News