Precision ag giant Trimble announced the acquisition of Agri-Trend, the Red Deer, Alberta-based network of independent ag consultants today. In a press release (see full text of the release below) sent earlier this morning, Trimble said the combination of Agri-Trend’s experience in agronomy, grain marketing, farm business and data management together with Trimble’s experience in […] Read more
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Agri-Trend purchased by Trimble
Technical trading, holiday fears sour CME hog, cattle futures
CHICAGO, Nov 9 (Reuters) – The Chicago Mercantile Exchange saw all of its live cattle and all but two feeder cattle futures contracts fall by the daily trading limit on Monday, pressured by technical selling and weakening wholesale beef prices, traders and industry analysts said. Meanwhile, CME lean hog contracts continued their slump on Monday, […] Read more
Canola hangs tough during Monday selloff
Canola and oilseeds showed some toughness in the face of a big selloff in wheat Monday, marking only a slight price decline while Chicago wheat fell 21 cents, or about four percent. “The oilseeds were quiet,” said P.I. Financial broker Ken Ball after trading closed. “It didn’t seem to influence the oilseeds markets much.” The […] Read more
Prof sees long-ranging benefits from TPP
China has passed Canada as the United States’ largest trading partner, making trade agreements like the Trans-Pacific Partnership more important, says Sylvain Charlebois, a professor at the University of Guelph’s Food Institute. Trade is about leveraging commodities, he said. “If you actually start trading with a country, eventually that country will end up buying other […] Read more
Manitoba extends fertilizer application deadline
Manitoba farmers have until this weekend to apply fertilizer. The provincial government announced this morning that soil temperatures remain sufficiently warm and it will extend the nutrient application deadline beyond Nov. 10. Producers can now apply commercial fertilizer and manure until Nov. 14. In 2011 the province established regulations that prohibited farmers from applying fertilizer […] Read more
P.E.I. farmers believe MacAulay will make good ag minister
Prairie farmers may wonder if someone from the Maritimes can represent the interests of western Canadian agriculture, but producers in Prince Edward Island have confidence in Lawrence MacAulay. “Lawrence likes to mix with the people. He’s an ordinary guy…. He’ll listen to you and he’ll try to do the best to accommodate you or solve […] Read more
Ceres to handle fertilizer at Northgate hub
The owner of a new commodity and logistics hub at Northgate, Sask., says it is on the verge of announcing a major fertilizer handling agreement that will substantially expand its revenues and grain origination capabilities. Ceres Global Ag Corp. president Patrick Bracken told a Nov. 6 conference call with investors that the company will share […] Read more
TPP wouldn’t prevent COOL retaliation: livestock groups
The Trans-Pacific Partnership will not prevent Canada from introducing retaliatory tariffs on American goods over the country-of-origin labelling dispute, say meat industry representatives. In May, the World Trade Organization once again agreed with Canada and Mexico that American COOL rules are discriminatory and obstruct imports of cattle and hogs into the U.S. The WTO ruling […] Read more
Deere buys Precision Planting, Monosem
HANNOVER, Germany — A slower agricultural market has not deterred growth at John Deere. The company recently acquired two planting equipment companies: Precision Planting in the United States and Monosem in France. Monsanto made news a few years ago when it got into the business of farm machinery, agronomy and data by buying Precision Planting […] Read more
CME live, feeder cattle futures fall 3rd straight session
CHICAGO, Nov 5 (Reuters) – Chicago Mercantile Exchange live cattle futures lost ground for a third consecutive session on Thursday, pressured by slack wholesale beef demand and preliminary cash price weakness, traders said. Spot December finished at 134.400 cents per lb, down 2.825 cents, and February 2.750 cents lower at 136.900. On Thursday, packers in […] Read more
