WINNIPEG — A lack of buying in North and South America has put fertilizer prices under pressure. However, no one is lining up to capitalize on the weakness, according to an industry watcher. “Farmers aren’t in the mood to buy fall fertilizer. I think they’re more uncertain this year than they normally are,” said David […] Read more
Stories by Dave Sims
StatsCan report as expected, further increases expected
Winnipeg, Oct. 2 – Statistics Canada’s survey of crop production prospects came in much as expected and many analysts expect the numbers will increase in the November survey. Canola futures Friday morning were barely changed. On Friday morning, StatsCan released its updated grain and oilseed production estimates. The data was collected through surveys taken Sept. […] Read more
Market demand for Canadian hemp exceeding supply
WINNIPEG — As hemp users develop more uses for the plant and its seed, so too grow the demands on the crop. It’s a demand that is becoming tougher to fill, according to an industry expert, as the public becomes increasingly interested in the plant. “You talk about canola being the miracle crop? Well, hemp […] Read more
Saskatchewan harvest 60 percent complete
Winnipeg, Sept. 24 – Rainfall over the past week in Saskatchewan delayed harvest operations in northern areas of the province, says Saskatchewan Agriculture’s weekly crop report. While only trace amounts of rain were recorded in a few central and southern areas, northern growing regions received as much as two inches of rain for the week […] Read more
Canola growers hanging on to supplies
Winnipeg — Canadian farmers are hanging on to their canola supplies in a quest to draw out better prices. The January canola contract was the most consistent mover over the week, finishing higher for the seventh consecutive session on Wednesday. “Producers are not selling it or the grain companies aren’t hedging it, which isn’t likely; […] Read more
Canadian dollar to stay below 80 cents: analyst
WINNIPEG — Weak energy prices, concerns over the Chinese economy and disappointing domestic data are just some of the factors dragging down the loonie, according to a financial expert. “It’s hard to imagine the currency getting back up to 80 cents U.S., particularly if the (U.S.) Fed does go ahead and cut rates at some […] Read more
Western prairies seeing low-yields as harvest ramps up
WINNIPEG — This summer’s erratic weather has taken a toll on plant development in Alberta and parts of western Saskatchewan, according to reports from those areas. “We have heard that dry conditions have caused plants (peas) to slough off or have the tillers dry off and have lost those heads,” said Barry Yaremcio, at the […] Read more
Corn, soybeans fall with USDA report, face uncertain future
Winnipeg — CBOT corn and soybeans both suffered heavy losses during the week ended Aug. 12, as a supply and demand survey by the USDA projected better-than-expected results. The report pegged U.S. corn output at 13.686 billion bushels while soybean output was pegged at 3.916 billion bu. Both numbers were larger than estimates made by […] Read more
Canadian ranchers look to triple trade with Japan
WINNIPEG — Canadian beef exports to Japan could double or even triple if Canada is successful in signing onto the Trans-Pacific Partnership, according to an industry official. “We did a little over $100 million worth of beef exports to Japan last year, that’s with a 38.5 percent tariff,” said John Masswohl, director of government and […] Read more
Propane prices down due to overproduction and warm winter
Winnipeg – Last winter’s mild temperatures and large propane supply have helped to lower the price of the fuel. Customers in most parts of North America are paying the cheapest prices in two years. Phil Flynn, an energy analyst with The Price Futures Group in Chicago, Illinois, credits the onset of shale fracturing in the […] Read more
