Reuters — Shares of U.S.-based agribusiness Andersons Inc. jumped more than six per cent on Friday, outpacing the sector, after a Bloomberg News report speculated that Glencore could be interested in acquiring the company. The story mentioned Glencore’s interest in expanding its agricultural assets and named Ohio-based Andersons as well as privately held companies Scoular […] Read more
Andersons shares up after report hints Glencore interest
Olymel hog plant workers hit the bricks in Quebec
Unionized workers at Olymel’s hog slaughter and processing plant in Quebec’s Beauce region have walked off the job and rejected the meat company’s “final” contract offer. Olymel’s corporate communications spokesman Richard Vigneault confirmed the workers, represented by CSN (Confederation des syndicats nationaux), went on strike Wednesday evening. CSN, in a release Thursday, said 841 of […] Read more
No relief in sight for U.S. West’s drought in spring outlook
Chicago | Reuters — Drought pressures will increase in California and western areas of the U.S. this spring even as the dry season begins, the government’s Climate Prediction Center said Thursday. “Periods of record warmth in the West and not enough precipitation during the rainy season cut short drought relief in California this winter and […] Read more
P.E.I. to offer one-time farm truck registration fee
Prince Edward Island’s farmers, starting next month, will be able pay a one-time fee to register their farm trucks for as long as they own them. The province until now has charged a cut-rate annual registration fee of $10 on trucks weighing at least one ton (10,000 pounds gross vehicle weight or more), if the trucks […] Read more
Britain backs Zimbabwe to help rural farmers
Harare | Reuters — Britain has given Zimbabwe about C$92 million to help increase food production by rural farmers over the next four years, as the southern African country faces the prospect of poorer harvests this year due to inadequate rains. Once the breadbasket of the region, Zimbabwe has since 2000 struggled to feed its […] Read more
Saskatchewan aims to ease potash tax’s price reliance
Winnipeg | Reuters — Resource-rich Saskatchewan wants to change the taxes it charges on production of potash, to better reflect output and lessen the influence of potash prices, the province’s economy minister said Thursday. Potash prices have weakened since 2012 as capacity has increased. Competition has also sharpened since the 2013 breakup of Belarusian Potash […] Read more
All but one avian flu quarantine lifted in B.C.
A table egg layer operation near Langley is now the only farm still under quarantine for avian flu in British Columbia. All 13 properties in B.C.’s Fraser Valley that had been quarantined for highly-pathogenic H5N2 or H5N1 avian flu since the beginning of December have since been culled of birds, cleaned and disinfected. A subsequent […] Read more
Feed barley bids rangebound in Western Canada
CNS Canada –– Prairie feed barley prices continue to hang tough in March, locked into a range established early this year. “We’re seeing a lot of bids in and around $205” per tonne, said Allen Pirness, a trader for Market Place Commodities at Lethbridge. Bids had been hitting around $210 per tonne, for example, on […] Read more
Flax prices still strong enough to buy acres
CNS Canada –– Canada’s flax prices are still holding strong enough to encourage an acreage increase this spring, despite concerns about slowing demand. Prices have held up even as shipping opportunities have started to slow down, as there’s a standoff between buyers and sellers, and supplies remain tight, said Mike Jubinville of ProFarmer Canada. Old-crop […] Read more
U.S. grains: Soy, corn drop as dollar rises
Chicago | Reuters –– U.S. corn and soybean futures fell on Thursday, pressured by strength in the dollar that threatened to further chill already cool demand for U.S. exports, traders said. “It was all about the U.S. dollar today, as the night session gapped higher on big volume off dollar-related short covering, only to see […] Read more