Continued low oil prices have not been kind to Alberta and the government has pushed back the date it intends to balance the budget, said Alberta finance minister Joe Ceci. “Like Albertans, the government’s treasury is facing significant pressures and our government has faced difficult choices these past months,” said Ceci, in a pre-budget news […] Read more
Daily news
Balancing Alberta budget will have to wait, says finance minister
Sask. plans to tighten farmland ownership rules
As expected, the Saskatchewan government will tighten farmland ownership rules. Agriculture minister Lyle Stewart introduced amendments to the Farm Security Act yesterday to clarify who can own and finance farmland. When passed, the amendments will make pension plans, administrators of pension fund assets and trusts ineligible to buy farmland. All financing will have to be […] Read more
RMs hope Liberals keep infrastructure promise
Rural municipalities in Saskatchewan are hoping that a majority Liberal government in Ottawa will spend more money to rebuild the country’s aging rural infrastructure. Ray Orb, president of the Saskatchewan Association of Rural Municipalities, said his organization is eager to see how a Liberal government led by Justin Trudeau carries through on a promise to […] Read more
Canola futures lifted by crop market bargain buying
Bargain buying supported most crop futures Tuesday after prices in corn and wheat hit multi week lows. The election of a majority Liberal government in Canada had little effect on markets Canola bounced up and down in a narrow range from the Monday close and November finished the day up just 30 cents a tonne […] Read more
Higher beef prices extend CME live cattle futures advances
CHICAGO, Oct 20 (Reuters) – Chicago Mercantile Exchange live cattle futures landed in positive territory for a third day in a row on Tuesday, driven by upward-trending wholesale beef values that may bode well for cash prices later this week, traders said. Spot October closed 1.975 cents per lb higher at 140.250, and December up […] Read more
Clubroot discovery in Manitoba not surprising
Clubroot spores have been detected in canola fields across Manitoba, but a Swan River grower might be the first producer in the province with dramatic yield losses because of the disease. Ryan Immerkar, an agronomist who owns RSI Agri-Coaching in Swan River, was called out to a canola field this fall to diagnose a production […] Read more
Asia wheat demand hit by weaker emerging currencies -Agrocorp
SINGAPORE, Oct 20 (Reuters) – Weakening currencies in some of Asia’s biggest wheat buyers have hit demand for the grain, with imports across the region likely to fall 5-8 percent in 2015 from a year ago, agricultural commodities trader Agrocrop International said on Tuesday. Flour mills across Asia are making hand-to-month purchases, with some of […] Read more
Europe to resume beef exports to Canada
BRUSSELS, Oct 20 (Reuters) – The European Union is to resume exports of beef to Canada from 19 of its member countries for the first time since 1996 when they were halted in the wake of the BSE “mad cow” disease scandal. The European Commission said on Tuesday that Canada’s action was part of a […] Read more
Dry weather affects Russian winter grains sowing
MOSCOW, Oct. 20 (Reuters) – Russian farmers have delayed winter grain sowing due to dry weather in several regions, analysts and traders said on Tuesday. This signals higher risks for next year’s crop in one of the world’s key wheat exporters. However rain is expected later this month. A lack of rain has been reported […] Read more
Australia wheat crop dips to about 24 mln tonnes -ABARES
MILAN, Oct 19 (Reuters) – Australia’s 2015-16 wheat crop will be lower than previously expected at around 24 million tonnes, Jammie Penm, chief commodity analyst for the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), said on Monday. Forecasts for the coming wheat crop in Australia, one of the world’s biggest exporters of […] Read more
