U.S. chemical distribution giant Univar has bought its way further into the Prairie crop input business by taking over Saskatoon-based fertilizer wholesaler Nexus Ag. Nexus Ag, in business in the West since 1997, deals in various North American companies’ specialty fertilizers, potash, phosphates, liquid and soluble nutrients and micronutrients such as copper, zinc and boron, […] Read more
Univar buys Prairie fertilizer distributor Nexus Ag
Budget to boost ag research infrastructure, rural broadband
Funds to fix up Canada’s agricultural research stations and food safety labs and a new program to boost rural broadband coverage are among the nuggets for the farming sector in Tuesday’s federal budget. Overall, the Liberals’ first budget is based on $287.7 billion in revenues for 2016-17, against $291.4 billion in program expenses and $25.7 […] Read more
Panama Canal sets depth limit on ships due to drought
Panama City | Reuters — The Panama Canal will next month impose new draft restrictions on ships due to falling water levels at nearby lakes that form part of the waterway, the authority that administers the canal said in a statement Monday. Ships seeking to cross the waterway must comply with a maximum depth limit […] Read more
U.S. livestock: CME hogs see biggest one-day loss in three months
Chicago | Reuters — Chicago Mercantile Exchange lean hog futures on Monday notched their biggest daily loss since last December, hit by technical selling and lower cash price expectations, traders said. April closed 2.1 cents/lb. lower at 69.35 cents, after drifting below the 40-day moving average of 70.31 cents (all figures US$). May ended 2.1 […] Read more
Klassen: Feeder cattle mixed across the Prairies
Market sentiment can be extremely variable and this week, we saw a large divergence in the price structure across the Prairies. Alberta feeder cattle prices were generally $3 to $6 higher and in some cases as much as $10 above week-ago levels. Buying interest appeared to fade moving east, with Manitoba markets dropping $4-$8 from […] Read more
Alberta to launch malt barley insurance
Alberta is set to launch Canada’s first crop insurance product for malt barley this year. The province’s Agriculture Financial Services Corp. (AFSC) last week said it will now provide insurance coverage for a malting end-use for growers with malt barley contracts. The coverage is subject to a contract from a licensed buyer, with a minimum […] Read more
Canada clears Simplot’s spot-resistant GM potato
Potatoes modified for reduced bruising and black spots, and for lower levels of a chemical linked to health risks in baked spuds or fries, have picked up federal approvals. The plant science arm of U.S. potato giant J.R. Simplot announced Monday its first-generation Innate Gen. 1 potato varieties have passed food and feed safety assessments […] Read more
U.S. grains: Wheat jumps as colder weather threatens crop
Chicago | Reuters — U.S. wheat jumped as much as one per cent on Monday, led by gains in K.C. hard red winter wheat as extremely cold weather threatened to curb yields in parts of the southern U.S. Plains growing region already suffering from dry conditions. Wheat futures pared early gains on technical selling, keeping […] Read more
India might extend wheat import tax beyond March
New Delhi | Reuters — India is likely to extend a wheat import tax beyond March to shield its domestic farmers from cheap imports, particularly as wheat from the new-season harvest will become available by the end of this month, government sources said Monday. After consulting the food, farm and trade ministries, the finance ministry […] Read more
Louis Dreyfus reports lower profits, seeks partners
Paris | Reuters — Louis Dreyfus is seeking partners for some of its businesses to help the commodity trading group to weather a market downturn that hit full-year profits. Lower prices, plentiful supply and faltering economic growth in emerging economies have put pressure on commodity traders such as Louis Dreyfus that collect, export and process […] Read more
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