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File photo of Canpotex potash cars. (Dave Bedard photo)
Crops, Markets, Reuters

Nutrien eyes potash production boost amid turmoil in Russia, Belarus

Idled Saskatchewan mines could be restarted

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Winnipeg | Reuters — Nutrien, the world’s biggest potash miner, could boost production by up to 29 per cent in coming years, depending on any sanctions facing rival producers in Russia and Belarus, the Canadian company’s interim CEO told Reuters. Prices of granular potash fertilizer are near 10-year highs in the United States and Brazil, […] Read more
CBOT March 2022 wheat (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and dark green lines). (Barchart)
Crops, Markets, Reuters, Weather

U.S. grains: Wheat slides on U.S. weather, reduced fears over Ukraine

Corn down, soybeans up

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Chicago | Reuters — U.S. wheat futures fell more than three per cent on Monday to their lowest in nearly two weeks on forecasts of welcome moisture in the U.S. Plains wheat belt and waning fears of imminent conflict between Russia and Ukraine, traders said. Corn futures followed wheat down, turning lower in a retreat […] Read more
(Photo courtesy Canaryseed Development Commission of Saskatchewan)
Crops, Markets

Canary seed prices likely to be good in 2022

By
MarketsFarm — Prices for canary seed spiked to all-time new highs and then pulled well back as the Prairie winter set in, according to David Nobbs of Purely Canada Foods in Saskatoon. Nobbs explained prices were on a rollercoaster in 2021, starting out at around 30 cents per pound only to climb through the 30s […] Read more
Crews work as Canadian Pacific Railway tracks are suspended above the washed-out Tank Hill underpass of the Trans-Canada Highway after devastating rain storms caused flooding and landslides, northeast of Lytton, B.C. on Nov. 20, 2021. (Photo: B.C. Ministry of Transportation and Infrastructure handout via Reuters)
Crops, Machinery, Markets, Weather

Year-end profits up for CN, CP despite lower grain handles

Railways' ledgers weather drought, B.C. disasters

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Both of Canada’s big two railways were able to improve their overall gross and net in 2021 over 2020 despite a yield-robbing drought and disastrous track and bridge washouts in southern British Columbia. Canadian National Railway (CN) on Tuesday reported 2021 net income of $4.892 billion on $14.477 billion in gross revenue, up from $3.784 […] Read more
(Richardson International video screengrab via YouTube)
Canola, Crops

Richardson crush plant workers to vote on new offer

UFCW team endorses latest offer

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Unionized workers at Richardson International’s oilseed crush plant at Lethbridge, Alta. will vote Tuesday and Wednesday on a new offer from the company after rejecting a previous proposal. United Food and Commercial Workers (UFCW) Local 401 announced Tuesday (Jan. 25) its negotiating committee “fully endorses” the new offer after the company’s Richardson Oilseed division “enhanced […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie cash wheat: Bids mixed amid conflicting influences

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MarketsFarm — Wheat bids across Western Canada were mixed during the week ended Thursday, as losses in U.S. futures were countered by the supportive influence of a weaker Canadian dollar. Average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down by $7.60-$11.60 per tonne, according to price quotes from a cross-section […] Read more
CBOT March 2022 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, dark green and black lines). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans surge on weather concerns

CBOT wheat rises after slide

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Chicago | Reuters — Chicago soybean futures surged on Friday, reaching highs not seen since last summer, as the market anticipated drought losses in South America that could curb global export supplies. Wheat rose after a two-day slide, attracting bargain-buying and traders hunting for short-covering, as investors closely monitor a standoff between Russia and the […] Read more
(Photo courtesy Canada Beef Inc.)
Barley, Corn, Crops, Markets, Spring Wheat

Feed weekly outlook: Markets facing uncertainty

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MarketsFarm — Feed grain markets in Western Canada are facing some uncertainty amid tight domestic supplies and reports of transportation issues bringing up corn from the United States. “It’s very strange,” said Susanne Leclerc of MarketMaster Ltd. in Alberta. “You see stories like that (reporting on feedlots running low on grain), then you talk to […] Read more
CBOT March 2022 soybeans (candlesticks) with Bollinger bands (20,2). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans hit seven-month high on supply worries

Firm U.S. dollar sinks wheat; corn down

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Chicago | Reuters — U.S. soybean futures rallied to a seven-month high on Thursday on concerns about a smaller South American harvest, which could shift more global demand to the United States. Wheat slumped for a second straight session on a stronger dollar and slightly reduced fears that Russia would invade Ukraine and potentially disrupt […] Read more

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