CNS Canada — Statistics Canada releases updated estimates on the size of the 2014-15 crops on Friday, but the lateness of the harvest in many areas will limit how much stock the industry puts in the numbers at this time. Average trade guesses generally predict a slight increase for most of the major crops compared […] Read more
Trade awaits updated StatsCan production estimates
Prairie pulse processor rebrands
In the tradition of companies such as 3M and AT+T, Regina-based Alliance Grain Traders has taken its abbreviation as its new name. The company announced Wednesday it has formally completed its name change to AGT Food and Ingredients Inc., as per a resolution at the company’s annual meeting in June. “We feel our new name […] Read more
USDA to restart U.S. oilseed crush reports in 2015
Reuters — The U.S. Department of Agriculture is taking over a series of industrial grain and oilseed reports discontinued in 2011 by the U.S. Census Bureau, but USDA will not begin publishing data until 2015, a spokesman said Monday. The reports being relaunched include statistics for the dry and wet alcohol milling and flour milling […] Read more
Fertilizer maker Mosaic cuts phosphate output
Reuters –– Mosaic Co., the world’s largest maker of finished phosphate products, said Tuesday it will reduce phosphate output, and it dampened sales expectations. The U.S. fertilizer producer said the curtailment, due to the high costs of raw materials sulfur and ammonia, is not expected to result in worker layoffs. The reduction comes as corn […] Read more
EU farmers to get more aid to deal with Russian food ban
Brussels | Reuters — The European Commission on Tuesday announced a new set of measures, worth up to 165 million euros, to help fruit and vegetable producers hit by a Russian ban on agricultural imports. Last month Moscow imposed a one-year embargo on meat, fish, dairy, fruit and vegetables from the U.S., the European Union, […] Read more
ADM expands U.S. Pacific Northwest venture with Marubeni
Reuters — U.S. agribusiness company Archer Daniels Midland said Tuesday it has acquired a stake in Portland, Oregon export terminal Columbia Grain by expanding its Kalama Export Co. joint venture with Japanese grain trader Marubeni. The stake in Columbia Grain, previously a wholly owned subsidiary of Marubeni, broadens ADM’s export capacity in the U.S. Pacific […] Read more
Land values still rising, but at slower pace, Re/Max says
Severe weather and slipping crop prices haven’t yet dragged down Canada’s agricultural real estate values, which overall continue to rise, but at a relatively slower pace, according to Re/Max. The international real estate organization on Tuesday released its annual Farm Report, which follows 20 distinct ag real estate markets across the country. Prices in most […] Read more
U.S. livestock: Profit-taking undercuts CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower Tuesday, pressured by profit-taking and fund selling on the final trading day for the quarter, traders and analysts said. October live cattle closed down 0.5 cent per pound to 160.45 cents, and December one cent lower at 163.475 cents (all figures US$). Despite […] Read more
U.S. grains: Soy falls on big supply, set for worst quarter in six years
Chicago | Reuters –– U.S. soybeans fell one per cent on Tuesday, pressured by a record harvest, as traders shrugged off a U.S. Agriculture Department report that showed domestic supplies shrank to less than a 10-day supply at the beginning of the month. Soybean futures capped a nearly 35 per cent quarterly decline — the […] Read more
Ont. farmers to get tax credit for donated food
Ontario farmers who donate products or livestock to community food programs such as food banks and school nutrition programs can now expect an income tax credit in return. The province on Monday unveiled its Food Donation Tax Credit for Farmers, which it bills as the only one of its kind so far in Canada. Farmer […] Read more