By Rod Nickel WINNIPEG, Manitoba, May 1 (Reuters) – Canadian stockpiles of canola are expected to have dwindled to a four-year low ahead of planting season after brisk demand from crushers and exporters, but wheat supplies likely swelled, according to a Reuters survey of 12 traders and analysts. On Friday, Statistics Canada will estimate crop […] Read more
News
Preview- Canadian canola stocks seen dwindling to 4-year low
Agrium posts quarterly loss vs. year-ago profit
May 1 (Reuters) – Canadian fertilizer maker Agrium Inc. reported a quarterly loss on Monday, compared with a year-ago profit, largely due to higher natural gas costs and lower phosphate prices. The company’s net loss attributable to shareholders was $11 million, or 8 cents per share, in the first quarter ended March 31, compared with […] Read more
Monsanto scraps deal to sell Precision Planting to Deere
CHICAGO, May 1 (Reuters) – Monsanto Co. has terminated an agreement to sell its Precision Planting LLC farm equipment business to machinery maker Deere & Co, the companies said on Monday, ending a legal fight with antitrust authorities over the deal. The U.S. Department of Justice last August filed a lawsuit to block the sale, […] Read more
Storms push up wheat futures prices
May 1 was the kind of day that shows what happens when you spook shorts. Speculators bailed on short winter wheat positions after heavy snow hit the United States southern plains over the weekend, driving winter wheat futures more than 20 cents per bushel higher, with Kansas City nearby futures rising 28 cents. The snow […] Read more
Building starts on ag learning centres
Lakeland College in Vermilion, Alta., turned the sod April 26 on two new agricultural learning centres. The $9.5 million Dairy Learning Centre and the $7.1 million Animal Health Clinic are expected to provide greater opportunities for hands-on learning by students. The 47,000 sq. foot dairy facility is expected to be completed this fall and will […] Read more
Off-highway vehicle riders must wear helmets in Alberta
Helmets will become mandatory gear for Alberta riders of off-highway vehicles (OHVs) as of May 15, the provincial government announced today. When on public land, riders of ATVs, snowmobiles, dirt bikes, four-wheel-drive vehicles and side-by-sides must wear helmets or face a fine of up to $155. Farming and ranching operations involving OHV use will be […] Read more
Winter wheat trading up more than five pct Monday AM
CHICAGO, May 1 (Reuters) – Hard red winter wheat futures surged 5.6 percent to their highest in nearly two months on Monday after a weekend snow storm in key production areas raised concerns about severe crop damage, traders said. Snow fell from the Oklahoma panhandle up across western Kansas and into Nebraska causing lodging and […] Read more
Wheat rallies 2 pct to hit 6-week high on frost, snow damage
By Colin Packham SYDNEY, May 1 (Reuters) – U.S. wheat futures rose more than two percent on Monday as frost across key growing regions stoked fears of widespread production losses, pushing prices to a six-week high. Heavy snow in some parts of the Plains also caused problems, with worries about stem breakage. Heavy rain in […] Read more
CME live cattle hit new 1-year high, hogs stronger
By Theopolis Waters CHICAGO, April 28 (Reuters) – Chicago Mercantile Exchange live cattle on Friday notched a one-year high for a third straight day, with strength from fund buying during the month’s final trading session, traders said. They said brisk wholesale beef demand and deferred-month futures’ discounts to this week’s cash prices helped drive contracts […] Read more
New crop canola up on seeding delay, trade watches wild weekend weather in US
Old crop canola fell again on Friday while new crop edged higher, closing just 60 cents shy of $500 per tonne. Weaker soy oil weighed on old crop canola. Traders narrowed what had been a wide spread between old and new crop. The lightly traded May contract fell $17.20 as its expiry date approaches. Most-traded […] Read more
