Wheat values are up between $5 and $13 per tonne from last month’s PRO, depending on class, grade and protein level. Durum is up between $1 and $5 per tonne. Malting barley is down $1 per tonne, while Pool B feed barley is up $3 per tonne. In the commentary accompanying the PRO, the wheat […] Read more
Daily news
February PRO increases wheat, durum outlook
Sask. increases crop insurance premiums
Saskatchewan crop insurance customers will pay higher premiums for better coverage this year. Agriculture minister Bob Bjornerud unveiled the 2011 program today. The average coverage level is rising from $131 per acre to $173 per acre because commodity prices have risen 20 percent from last year. Average producer premiums are going up from $6.98 per […] Read more
Viterra donates to New Zealand earthquake relief
Canada’s largest grain company has contributed $75,000 to rescue and relief efforts after the earthquake in Christchurch, New Zealand. Viterra has given its donation to the New Zealand Red Cross. The company employs 115 people in New Zealand at a feed mill and three bulk commodity stores. Minor damage occurred to the mill and one […] Read more
Grain prices weaken despite USDA’s forecast for tight 2012 stocks
Crop prices on futures markets were lower Thursday morning despite the USDA’s forecast that corn and soybean stocks will remain tight at the end of 2011-12. Traders remain nervous about the implications of the revolution in Libya. The violence there has caused the price of oil on the New York exchange to reach $100 per […] Read more
China drought region to get rain, snow
China’s dry winter wheat area is expected to receive rain and snow this week. Reuters reports that the country’s weather service forecasts significant precipitation in northern and eastern wheat areas. Also the temperature might drop below 3 C in some areas. The drought has been called the worst in 50 years and had caused the […] Read more
Canada, Japan explore potential for free trade talks
The Canadian government agreed to launch a joint study with Japan today to examine potential benefits of a trade liberalizing deal with the world’s third largest economy. The joint study announcement is typically the precursor to trade talks. International trade minister Peter Van Loan said in Ottawa that Japan’s willingness to examine the potential for […] Read more
CFA re-elects president
Ron Bonnett, a 58-year-old northern Ontario beef and grain producer, has been re-elected president of the Canadian Federation of Agriculture for a two-year term.He was unopposed.Bonnett became the 12th president in the CFA’s 75-year history last May when he stepped in to take over from Laurent Pellerin, who took a government appointment as chair of […] Read more
Crop prices bounce back from Tuesday meltdown
Most grain and oilseed prices on Wednesday bounced back on a technical rally after heavy losses on Tuesday. Canola gained 2.9 percent on the day. Very little has changed in the grain supply and demand fundamentals. Markets remain on edge over the violence in Libya, but some thought the grain price melt down on Tuesday […] Read more
StatsCan report shows farm market receipts down slightly in 2010
Farm market receipts were surging in late 2010 but it was not enough to offset earlier weakness in crop prices, Statistics Canada reports. And nationally, program payments declined by almost $150 million last year, mainly because of lower provincial stabilization payouts. The result is that farm cash receipts of $43.8 billion in 2010 were 1.7 […] Read more
$22 million emergency flood damage reduction program announced
Farmers who want to prevent spring flooding of their yard sites are eligible for funding through the $22 million Saskatchewan emergency flood damage reduction program. Details of the program were announced Feb. 22. It will pay 100 percent of the cost of technical assistance required to prevent flooding, and 85 percent of the cost of […] Read more
