A massive fire south of Delisle, Sask., destroyed two chicken barns and may have killed as many as 30,000 chickens last night. Black smoke billowed hundreds of feet into the sky and was visible from as far away as Saskatoon as emergency crews arrived on the scene shortly before 7 p.m. Firefighters from Delisle and […] Read more
News
Year-round port proposed for Hudson Bay
Move over Churchill. Another port proposal would see cargo flow in and out of Western Canada through Hudson Bay. The Neestanan Project wants a second, year-round port built on its shores. The Neestanan (Cree for “all of us”) Utility Corridor is an Indigenous-led effort to develop a trade corridor across the northern region of the […] Read more
VP candidate knows Canada
Canada might have a friendly neighbour and supporter of international trade beside Kamala Harris, if she wins the U.S. presidential election in November. Tim Walz, the Minnesota governor who Harris named as her vice-presidential pick, has been a pro-trade supporter of agriculture, says Tim Dufault, a board member of the Minnesota Wheat Research and Promotion […] Read more
Changes to Canadian Entrepreneurs’ Incentive won’t offset capital gains losses says Grain Growers
Glacier FarmMedia – Grain Growers of Canada says proposed changes to the Canadian Entrepreneurs’ Incentive will help some grain farmers but won’t offset losses due to changes to the capital gains inclusion rate. “Patchwork approaches and fragmented incentives won’t deliver the economic growth and support that Canada’s grain farmers and rural communities need,” the organization […] Read more
Speculators drive grain prices lower
November soybean futures are well below the estimated cost of production of $11.90 per bushel
SASKATOON — A leading analyst says grain prices should be bottoming out, but a recent supply and demand report did not help matters. “We are already down to extremely cheap price levels on corn and beans,” said DTN lead analyst Todd Hultman. Related stories: “It’s just hard for me to imagine much more downside risk, […] Read more
Canada labour board ruling opens door for rail workers to be off the job by Aug. 22
Glacier FarmMedia – MarketsFarm — Workers at Canada’s two major railways could be off the job as early as Aug. 22 following a decision by the Canada Industrial Relations Board (CIRB) issued Aug. 9 on the safety implications of a stoppage. The CIRB ruled that a strike or lockout would not result in a serious […] Read more
CAFTA suggests ‘guardrails’ to protect trade principles
Rules are needed about who gets to make the rules on trade and sustainability, says the Canadian Agri-Food Trade Alliance. “These would be the guardrails,” said CAFTA president Greg Northey about the organization’s “Principles for Sustainable and Fair Trade in Agri-Food Sector,” which it released Aug. 6. CAFTA and other exporting nations are worried by […] Read more
Canadian markets ignore weather woes for now
Glacier FarmMedia – Heat and a lack of moisture in parts of Western Canada likely cut into production prospects this year. However, any weather concerns have yet to find their way into the markets, and solid production prospects out of the United States are weighing on values overall. November canola futures hit a contract low […] Read more
Will August stay warm?
We are well into the second half of summer and from a climatological perspective, temperatures are statistically starting their decline as we move toward autumn. That doesn’t mean August will be colder than July. We have seen hot Augusts in the past. After a cool June across the Prairies, July turned things around. All major […] Read more
Dow misses profit estimate
REUTERS — Dow missed second-quarter profit estimates late last month, hurt by lower prices and demand in key markets, including Asia and Europe. Manufacturing activity in the euro zone and China weakened in the quarter, resulting in a four per cent drop in local prices of Dow’s products in their key markets. The company produces […] Read more
