WINNIPEG, Manitoba, Jan 11 (Reuters) – Makers of fertilizers that boost crop growth are taking advantage of higher profit margins for uses in other industries, such as oil drilling and livestock feed, to ride out a severe slump. Potash and phosphate prices touched multi-year lows last year due to a capacity glut and soft crop […] Read more
Stories by Rod Nickel
ICE Canada canola futures slip with soybeans
WINNIPEG, Manitoba, Dec 20 (Reuters) – ICE Canada canola futures dipped on Tuesday, weighed down by weakness in soybean prices that reflected favorable crop conditions in Argentina. * Canola was underpinned by talk of export sales. March contract finished slightly higher than its closely watched 50-day moving average, and a dip below that level could […] Read more
Forecast: Canadian wheat, canola crops weather snow, top last harvest
WINNIPEG, Manitoba, Dec 1 (Reuters) – Canada’s wheat and canola crops withstood wintry weather that stalled the autumn harvest, and production is expected to top last year’s output, according to Reuters’ industry survey of 13 analysts and traders. Statistics Canada on Tuesday will issue its final crop production estimates for the 2016-17 marketing year. The […] Read more
ICE Canada canola futures ease in thin U.S. holiday trade
WINNIPEG, Manitoba, Nov 24 (Reuters) – ICE Canada canola futures eased on Thursday in slow trading with U.S. markets closed for Thanksgiving. * Canola’s losses were a small correction to the crop reaching its highest price since May during the previous session, a trader said. * 96 percent of Saskatchewan canola harvest combined as of […] Read more
ICE Canada canola futures jump with soyoil on U.S. biofuels targets
WINNIPEG, Manitoba, Nov 23 (Reuters) – ICE Canada canola futures jumped 1.5 percent on Wednesday, hitting its highest most active price since May, taking strength from a soyoil rally after the United States boosted 2017 biofuels requirements. * The U.S. government issued final requirements for biofuel use for next year, saying energy companies must boost […] Read more
Western Canada ranchers fear going ‘broke by spring’ as disease spreads
WINNIPEG, Manitoba, Nov 22 (Reuters) – Ranchers in western Canada whose herds are under quarantine due to the spread of bovine tuberculosis told federal legislators on Tuesday that they desperately need to sell cattle or collect compensation to avoid financial disaster. Ranchers who raise calves typically sell them in autumn to feedlots, where they are […] Read more
ICE Canada canola futures rise to near 3-week high
WINNIPEG, Manitoba, Nov 21 (Reuters) – ICE Canada canola futures rose on Monday to a nearly three-week high, pulled up by strength in U.S. soybean and Malaysian palm oil markets. * Farmer selling into the cash pipeline, as late-harvested supplies come in, limited canola’s advances, a trader said. * January canola added $6.70 at $521.20 […] Read more
Canadian cattle group urges trade fight if Trump imposes unfair labels
WINNIPEG, Manitoba, Nov 16 (Reuters) – Canadian cattle producers will urge Ottawa to retaliate against the United States if the incoming Trump administration imposes a meat labelling program Canada views as discriminatory, restarting a six-year trade battle, an industry group said on Wednesday. U.S. news network CNN reported on Tuesday that a memo drafted by […] Read more
Canada dairy farmers unhappy with Europe trade deal payout
WINNIPEG, Manitoba, Nov 10 (Reuters) – The Canadian government said on Thursday that it would spend C$350 million to help its dairy sector compete against increased European imports allowed under a free trade deal, but the amount falls short of farmers’ expectations. The money includes $250 million over five years to help farmers update equipment, […] Read more
Western Feedlots in Alberta to close
WINNIPEG, Manitoba, Sept 21 (Reuters) – One of Canada’s biggest cattle feedlots, Alberta-based Western Feedlots, said on Wednesday it will close feeding operations after marketing the cattle it currently owns, due to poor market conditions. Closure of Western’s feeding operations, likely early in 2017 once its current cattle are sold, will make it more difficult […] Read more
