(Dave Bedard photo)

Agrium’s forecast disappoints

Reuters — Canadian fertilizer and ag retailer Agrium has joined rival PotashCorp in forecasting a weaker-than-expected 2016 profit, as prices for crop nutrients remain weak. Agrium’s Toronto-listed shares fell as much as 5.2 per cent to $110.89, its lowest in a year, as investors ignored a better-than-expected quarterly profit. The company, which sells seed, fertilizers […] Read more


(Photo courtesy Canada Beef Inc.)

Saskatchewan expects mainly below-normal spring runoff

Barring any weather surprises, most of Saskatchewan outside of east-central regions can expect below-normal runoff this spring. The province’s Water Security Agency on Tuesday released a preliminary outlook which, based on a “warmer- and drier-than-normal winter” and a resulting snowpack below normal levels, points to below-normal spring runoff. Exceptions include parts of the east-central region, […] Read more

Trade Minister Chrystia Freeland, at the news conference for the TPP’s signing in Auckland, explains Canada’s plans for public consultations and parliamentary hearings on the deal. (New Zealand Ministry of Foreign Affairs and Trade via YouTube)

Canada signs Trans-Pacific Partnership

Trade ministers from the 12 countries in the Trans-Pacific Partnership have signed their trade agreement, committing them to take the deal to their home governments for review and/or approval. The deal, which Trade Minister Chrystia Freeland signed on Canada’s behalf on Thursday in Auckland, New Zealand, is expected to see tariffs on Canadian products in […] Read more


(Commercial Port of Vladivostok, vmtp.ru)

Baltic index slips to fresh low, demand concerns persist

Reuters — The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying industrial commodities, slipped to another all-time low Tuesday on worries about vessel oversupply and slowing global demand. The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertilizer, fell four points or […] Read more

(FlaxCouncil.ca)

Potential for fewer flax acres seen this year

CNS Canada — While area seeded to flax in Canada has been increasing over the past four years, that upward momentum may halt in 2016-17. Flax’s cost of production is higher than many of its rivals and the growing lustre of pulse crops could cut into some acres, according to one industry watcher. “It’s too […] Read more



(Dave Bedard photo)

CP cuts raise worry over potential slowdown

CNS Canada –– Canadian Pacific Railway’s decision to cut 1,000 jobs has caught the attention of two Prairie farm leaders. Norm Hall, president of Agricultural Producers Association of Saskatchewan, worries the move is short-sighted and may catch up with the railway in months and years to come, when commodity prices catch fire again. “You dump […] Read more