Grain trader Archer-Daniels-Midland Company (ADM) has agreed to pay a $40 million (C$54.2 million) civil penalty to settle charges from the U.S. Securities and Exchange Commission that it inflated the performance of a key business segment.
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ADM to pay $40 million in U.S. SEC settlement, avoids criminal charges
Canadian Food Inspection Agency hit by job cuts
The union representing most of the Canadian Food Inspection Agency staff warned of potential food safety concerns after workers learned of coming job cuts.
Bank of Canada holds rates, says hard to predict future moves
The Bank of Canada on Wednesday held its policy rate at 2.25 per cent, as widely expected, and Governor Tiff Macklem said the high level of uncertainty made it difficult to predict when and how rates might next change.
National survey of farmer and rancher mental health launches
The Canadian Centre for Agricultural Wellbeing has launched its third National Survey of Farmer and Rancher Mental Health in Canada.
U.S. grains: Soybean futures rise as dollar hits four-year low
Chicago | Reuters – U.S. soybean futures crept higher on Tuesday and wheat finished nearly unchanged as a sliding dollar underpinned prices. Corn futures ended slightly lower. The drop in the dollar index, which sank near a four-year low, helped to steady grain prices after a pullback on Monday, making U.S. crops look cheaper overseas, […] Read more
U.S. livestock: Cattle retreat, hogs rise
Chicago cattle futures retreated on Tuesday as regions of the U.S. reopened following snowstorms. “Weather impacts on the cattle market should begin to loosen up starting today as the region thaws,” StoneX said in a note. Most-active April live cattle futures lost 0.600 cents to close at 237.400 cents a pound. June contracts closed at […] Read more
Canada must resist EU non-tariff trade barriers says Grains Council
Canada should lead like-minded countries to protect agricultural markets from non-tariff barriers based in politics rather than science, the Canadian Grains Council said in a new report.
Pulse Weekly: Spike in yellow peas slowing
Although the price increases for Canadian yellow peas have started to slow, there could be more of the peas planted come spring, said Kress Schmidt, broker with Johnston Grains in Calgary.
Bayer to build Winnipeg canola research site
Bayer will build at $45 million canola research and development centre in Winnipeg the company announced on Monday.
Russia targets seeds market as traditional export customers boost grains production
Russia, the world’s largest wheat exporter, will target global markets with its seeds and technologies as its grain markets are expected to shrink with other countries raising production, Agriculture Minister Oksana Lut said on Tuesday.