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Oats

(Dave Bedard photo)
Crops, Machinery

CP cuts raise worry over potential slowdown

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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
(Country Guide file photo)
Crops, Markets

Lower loonie helps farmers, but only so much

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CNS Canada — The slumping price of oil continues to weigh on the Canadian dollar, while at the same time providing a boost to Canadian grain prices. Out-of-country buyers tend to more attracted to Canadian grain and wheat when the loonie is low, as they can get more product for their money. However, one market […] Read more
(CN.ca)
Crops, Machinery

CN’s 2015 grain handle down, grain revenue up

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Canadian National Railway’s (CN) fourth-quarter and full-year ledgers show lower traffic, but increased revenue, from its grain and fertilizer business in 2015, en route to record full-year earnings. Montreal-based CN on Tuesday reported overall net income of $3.538 billion on $12.611 billion in total revenues for 2015, up from $3.167 billion on $12.134 billion for […] Read more
(PortMetroVancouver.com)
Livestock, Reuters

Canada to sign TPP, but undecided on ratification

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Ottawa | Reuters –– Canada’s new Liberal government will take the “technical step” of signing a 12-nation trade deal next week but has not yet decided whether to formally ratify the agreement, Trade Minister Chrystia Freeland said Monday. Canada is one of 12 nations that initialed the Trans-Pacific Partnership (TPP) in early October after years […] Read more
Crops, Markets

Hurdles still ahead for food-approved canary seed

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CNS Canada — Canary seed has been ruled fit for human consumption by Health Canada — a victory for an industry working toward that goal for years — but it’s just one step of many to get canary seed onto plates. Canary seed, until now used almost exclusively as birdseed, has received novel food approval […] Read more
(Portosdobrasil.gov.br via Flickr)
Crops, Markets

Ocean freight cost index breaks another floor

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CNS Canada — The Baltic Dry Index (BDI) continues its downward slide, dropping below 400 points for the first time ever as ocean freight rates struggle to find their bottom. The BDI was quoted at 394 points on Wednesday, marking a new low since records began in 1985. The index was trading above 1,200 as […] Read more
(CIA.gov)
Crops, Markets, Reuters

Switzerland asks voters not to ban farm derivatives trade

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Zurich | Reuters –– Switzerland’s government on Tuesday urged voters to reject a campaign to ban trading in agricultural derivatives, saying the well-meaning attempt to alleviate world hunger would not succeed and only jeopardize Swiss jobs and tax revenue. The “No Speculation with Food” initiative is subject of a binding referendum on Feb. 28 under […] Read more
(Dave Bedard photo)
Crops, Reuters

U.S. cracks down on intake of added sugar, saturated fat

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Chicago | Reuters — New U.S. dietary guidelines on Thursday urged Americans to cut their added sugar and saturated fat intake to less than 10 per cent of daily calories, but consumer advocates criticized the recommendations for not providing clear guidance on the need to reduce consumption of meat. The government guidelines, which are issued […] Read more

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