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A DryAir central heating system feeds aeration fans for a row of grain bins. (Assie.ca)
Crops, Machinery

Investment firm buys Saskatchewan drying system maker

EIC buys DryAir for $60 million

By ,
A Winnipeg investment firm with ownership stakes in Canadian manufacturing and airlines has bought a Saskatchewan company that makes heating and drying systems for grain growers and other sectors. Exchange Income Corp. (EIC) announced Oct. 5 it has bought DryAir Manufacturing of St. Brieux for about $60 million in cash and EIC stock. DryAir, in […] Read more
bank statement and money
Columns, Crops

Managing risk in a rising interest rate environment 

Q & A with an expert

By
Q: What are some strategies I can use to manage risk on my farm? A: Grain growers are concerned about how their profits will be affected by speculation around rising interest rates. Navigating these uncertainties takes a proactive approach to minimize risk, protect yourself against uncertainties and control variables that affect your financial position. Consider […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Most bids lower

U.S. wheat futures down on week

By
MarketsFarm — Bids for Canada Western Red Spring (CWRS) wheat were lower in Manitoba, but higher in the rest of the Prairies, while those for Canada Prairie Spring Red (CPSR) and Canada Western Amber Durum (CWAD) wheat also went down during the week ended Thursday. U.S. wheat futures declined for the week, but were supported […] Read more
(File photo by Dave Bedard)
Crops, Reuters

EU countries fail to agree on extending glyphosate approval

Current approval expires Dec. 15

By
Brussels | Reuters — European Union governments failed on Friday to give a decisive opinion on a proposal to extend by 10 years EU approval for the use of glyphosate, the active ingredient in Bayer’s Roundup herbicide. A “qualified majority” of 15 countries representing at least 65 per cent of the bloc’s population had been […] Read more
File photo of immature peaches on a tree in California’s San Joaquin Valley. (GomezDavid/iStock/Getty Images)
Crops, Fruit/Vegetables, Reuters

Major U.S. peach producer files for bankruptcy to pursue sale

Setbacks have included salmonella, fires, heavy debts

By
New York | Reuters — Prima, a private-equity backed farmer that is the largest producer of peaches and other stone fruit in North America, filed for Chapter 11 bankruptcy protection in Delaware on Friday. The company, owned by private equity firm Paine Schwartz Partners, has about $679 million in debt, and plans to sell its […] Read more
A seaport grain terminal damaged during Russian missile and drone strikes in Odesa region, Ukraine on July 19, 2023. (Photo: Ukrainian Infrastructure Ministry via Facebook/Handout via Reuters)
Crops, Reuters

Russia destroyed 300,000 tonnes of grain since July in attacks, Kyiv says

Port damage cuts export potential 40 per cent, deputy PM says

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Kyiv | Reuters — Russia has destroyed almost 300,000 metric tonnes of grain since July in attacks on Ukraine’s port facilities and on ships, the Ukrainian government said on Friday, underscoring the war’s threat to global food security. In summer, Moscow quit a U.N.-brokered deal that had allowed exports of Ukrainian grain through the Black […] Read more
CBOT November 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy, corn slip on profit taking, macro pressure

Exports lift wheat futures

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Chicago | Reuters — U.S. soybean futures retreated on Friday on profit-taking after hitting two-week highs in the previous session and as souring consumer sentiment and inflation worries hung over the market. Corn futures followed soybeans lower, but wheat rallied after the U.S. Department of Agriculture (USDA) reported stronger-than-expected weekly export sales and confirmed a […] Read more
CBOT November 2023 soybeans with 20- and 50-day moving averages and December 2023 soymeal (dark grey line, left column). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago soybeans surge after USDA projects smaller soy, corn crops

CBOT corn, wheat also higher

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New York | Reuters — Chicago soybean and corn futures shot up on Thursday following a closely watched U.S. government report forecasting a smaller corn and soybean harvest than previously projected, and below an average of analysts’ estimates. The Chicago Board of Trade’s (CBOT) most-active soybean futures contract jumped about three per cent to settle […] Read more
(Christophe Paul photo courtesy USDA)
Crops, Markets

CBOT weekly outlook: Markets react bullishly to USDA report

Corn, soy production estimates revised lower

By
MarketsFarm — Most of the October world agricultural supply/demand estimates (WASDE) released Thursday from the U.S. Department of Agriculture (USDA) came out lower than trade expectations, causing price jumps on the Chicago Board of Trade (CBOT). “Many people were not expecting a major (average) yield change,” Ryan Ettner, trader for Allendale Inc. in McHenry, Ill. […] Read more
A strip tiller in action on a Farming Smarter field near Lethbridge, Alta.
Crops, Equipment

Let’s talk strip tillage

An Alberta farmer shares his experiences with the system that provides a middle ground between full till and no till

By
John Kolk’s farm near Enchant in southern Alberta, like many others in his area, sits on light, sandy loam soil. That can be a problem come planting time when strong chinook winds roll down from the Rockies as they typically do in the spring. Kolk says the combination of hard-blowing winds and sand that’s whipped […] Read more

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