Verlyn Olson, shown here in Edmonton in 2011, is expected to be off duty as Alberta’s ag minister for several weeks while recovering from transplant surgery. (Olson.myPCmla.ca)

Alberta ag minister books off after surgery

Alberta Premier Jim Prentice has named an associate agriculture and rural development minister to handle the portfolio while provincial Agriculture Minister Verlyn Olson takes sick leave. Grande Prairie-Smoky MLA Everett McDonald, a farmer and former reeve for the County of Grande Prairie, was appointed Tuesday to the associate minister’s post. Olson, the ag minister since […] Read more

(Canada Beef Inc. photo)

U.S. grains: Corn, soy dive on export woes

Chicago | Reuters –– U.S. soybean futures sagged 1.5 per cent to their lowest in almost five months on Tuesday, with export demand for U.S. supplies fading amid the expanding harvest in Argentina and Brazil, traders said. “The fundamentals are not friendly here; the South American crops are coming in with good yields,” Charlie Sernatinger, […] Read more


(Canada Beef Inc. photo)

U.S. livestock: CME live cattle turn up on beef prices, hogs mixed

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Tuesday erased some of Monday’s losses, supported by short-covering in response to strong wholesale beef values, traders said. April closed up 0.375 cent per pound, to 153.575 cents, and June 0.5 cent higher at 145.475 cents (all figures US$). Tuesday morning’s choice wholesale beef […] Read more

(Dave Bedard photo)

Long liquidation looms in canola futures

CNS Canada –– Fund traders are still holding large long positions in canola, but could be poised to start liquidating some of those positions as prices near key chart support. Funds are sitting on a long position in “the mid-40,000 area”, according to a canola broker. “Further technical weakness would likely bring in some long […] Read more