Hail claims on the Prairies are tracking similar to last year with Saskatchewan farmers reporting the most damage so far. However, there are still six weeks or so that could result in hail storms, leading Canadian Crop Hail Association president Rick Omelchenko to speculate that final numbers could be higher. More than 10,000 claims have […] Read more
News
U.S. crop condition estimates
WINNIPEG (MarketsFarm) – The Chicago-based Futures International (FI) issued its estimates for United States crop conditions this morning, along with the firm’s projections for export sales. Ahead of the U.S. Department of Agriculture’s (USDA) weekly crop progress report, released on Mondays at 3 pm CDT, FI estimated corn conditions to be 59 percent to be […] Read more
Proposed potash mine clears hurdle in Sask.
A proposed potash mine in southeastern Saskatchewan has cleared one environmental hurdle but has several more ahead before the project can proceed. The provincial government has granted conditional environmental assessment approval to CanPacific Potash’s Albany project, which is to be located in the Sedley-Francis area (map). But it must meet several more conditions, including mitigating […] Read more
Mounting pressure on canola as futures weaker
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker Friday, as increased pressure from products and the Canadian dollar weighed on values. A Winnipeg-based trader explained product values over the last two days have dropped by more than C$12 and that’s at least twice the amount canola bids have slipped. He stated the […] Read more
Canadian wheat bids edge lower – harvest and C$ weigh
Winnipeg (MarketsFarm) – Wheat bids in Western Canada edged lower during the week ended Sept. 5, as seasonal harvest pressure and strength in the Canadian dollar weighed on values. The Canadian dollar was up by roughly a third of a cent relative to its United States counterpart on the week. The Minneapolis spring wheat […] Read more
Germany to ban use of glyphosate from end of 2023
BERLIN, (Reuters) – Germany will ban the use of the weedkiller glyphosate – the subject of billion-dollar U.S lawsuits over claims it causes cancer – from the end of 2023 and limit its use before then, the Environment Ministry has said. Germany’s move comes after Austria’s lower house of parliament in July passed a bill […] Read more
Bayer says Monsanto’s list of influential people was not illegal
FRANKFURT, (Reuters) – Bayer said a law firm it commissioned to investigate lists compiled by Monsanto of European journalists, politicians and researchers had found no evidence of illegal behaviour. French prosecutors in May opened an inquiry after newspaper Le Monde filed a complaint alleging Monsanto, which was bought by Bayer for $63 billion, had kept […] Read more
Bunge lays off grain traders in Geneva as company seeks to minimize risk -sources
LONDON/HAMBURG, (Reuters) – U.S. agribusiness firm Bunge Ltd laid off up to 10 grain traders in Geneva in recent days as it pursues a global restructuring to cut costs and reduce market exposure, five industry sources said. The cuts to trading staff come as Bunge is streamlining its operations in tough agricultural markets and seeks […] Read more
Proposed potash mine clears hurdle in Sask.
A proposed potash mine in southeastern Saskatchewan has cleared one environmental hurdle but has several more ahead before the project can proceed. The provincial government has granted conditional environmental assessment approval to CanPacific Potash’s Albany project, which is to be located in the Sedley-Francis area (map). But it must meet several more conditions, including mitigating […] Read more
U.S., China more divided than ever as new trade talks loom
(Reuters) – Senior U.S. and Chinese officials have pledged to meet in October to settle their ongoing trade war but a lasting peace seems more elusive than ever. Since trade negotiations between the world’s largest economies broke down in May, both countries have added tariffs on billions of dollars of the others’ goods, broken good […] Read more
