BEIJING, China (Reuters) — Ships carrying as much as 700,000 tonnes of soybeans are lined up along China’s coast waiting to discharge, traders said, as huge purchases in recent months by the world’s top buyer led to severe congestion and lifted stockpiles to multi-year highs. The slowdown at the ports and long wait times to […] Read more
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Asian millers caught out by rally in wheat prices
SINGAPORE (Reuters) — Some Asian flour millers have been caught out by last month’s nearly 30 percent rally in global wheat prices after earlier booking cargoes with prices due to be fixed at a later date, traders said. Benchmark Chicago Board of Trade wheat futures jumped 23 percent in June and high-protein spring wheat climbed […] Read more
Danish food maker sees strong demand for probiotics to replace antibiotics in meat
COPENHAGEN, Denmark (Reuters) — Food ingredients maker Chr. Hansen is seeing strong demand for probiotics for animals as farmers and restaurant chains come under growing pressure to use fewer antibiotics in the food chain, its chief executive officer said. Scientists warn that the routine use of antibiotics in animals is contributing to the rise of […] Read more
Manitoba crops could use a drink: report
Crops in many areas of Manitoba are starting to dry out, according to the latest weekly report from Manitoba Agriculture for the week ended July 4. Precipitation is below average in many areas, and fields in the southwest region and in western parts of the central region could use moisture. Despite that, most crops are […] Read more
Tuesday market wrap: canola rallies
The hot weather outlook for the next two weeks with little rain other than thunderstorms is raising concerns across the Canadian Prairies. With U.S. markets closed Tuesday for the Independence Day holiday the canola market did a little catch up for when it was closed on Monday. New crop November rose back above $500 for […] Read more
Alberta crop conditions above average, but declining
The overall crop condition rating in Alberta fell four percentage points from the previous week during the week ended June 27, with 78 percent now rated at good to excellent, according to the latest provincial crop report from Alberta Agriculture and Forestry, released June 30. That compares to the five-year average of 73 percent for […] Read more
New hail modelling system draws mixed reviews from insurers
A new hail risk modelling system is available for Canadian crop insurers, but providers are divided over its value. AIR Worldwide recently developed the industry’s first probabilistic computer model designed to better assess hail risk in Canada. Ken Doleman, chief executive officer at Palliser Insurance, said the additional data from the AIR model will provide […] Read more
Alberta crop report: conditions still good
July 4 (CNS Canada) – The weekly overall crop condition rating in Alberta fell four percentage points to 78 percent good to excellent, according to the Alberta Agriculture crop report released June 30. That compares to the five-year average of 73 percent for the period to June 27. Rain fell through most of the Peace, […] Read more
Spring wheat hits four year high Monday
U.S. wheat, soybean and corn futures rose in an abbreviated session ahead of the U.S. July Fourth holiday, buoyed by worries that hot and dry weather in the northern Plains spring wheat belt could spread into the western Midwest, analysts said. Spring wheat futures on the Minneapolis Grain Exchange (MGEX) soared to a four-year high […] Read more
4-H leader named to Order of Canada
Professional agrologist and 4-H Canada Foundation member Kim McConnell was appointed a Member to the Order of Canada June 30. He is among 100 Canadians who were named by the governor general. McConnell’s involvement with 4-H began with Manitoba’s 4-H McConnell Beef Club, the oldest beef club in Canada. The founder of AdFarm sits on […] Read more
