A weaker U.S. dollar and new subsidies for Indonesian biodiesel helped oilseeds and other crop futures climb higher on Thursday. March canola closed at $458.70, up $3.40 or 0.75 percent. The slow pace of farmer selling also supported canola. The loonie jumped 8/10ths of a cent, limiting canola’s climb. The loonie rose as the U.S. […] Read more
News
Markets review – oilseeds up on Indonesian biodiesel subsidies, market generally higher on slipping US dollar
Dairy Saputo posts higher quarterly profit
(Reuters) — Saputo Inc., Canada’s largest dairy producer, on Thursday reported higher quarterly earnings, lifted by a jump in revenue that included its Australian acquisition. The Montreal-based company, whose brands include Dairyland milk and Armstrong cheese, is among the top three cheese producers in the United States and also has significant operations in Argentina and […] Read more
CME Group to close most futures pits and go all electronic
(Reuters) — The world’s largest futures market operator will shutter almost all of its open-outcry futures pits by July 2. The move by CME Group Inc. rings the closing bell on a once-raucous tradition that has been in decline since the rise of computerized trading. The decision ousts traders of products ranging from grain and […] Read more
Durum enjoys strong rally at port — Ag Can’s weekly port roundup
Durum port prices rose in the latest Agriculture Canada weekly price summary but wheat was lower. As of Jan. 30 the West Coast price for No. 1 CW hard red wheat was $334.84 per tonne, down $3.84 a tonne from where it was the week before. No. 1 durum prices at the West Coast rose […] Read more
Sask. gov’t removes RM reeve over conflict of interest
The Saskatchewan government has taken the rare step of removing the reeve from the Rural Municipality of Sherwood. A judicial inquiry found serious conflicts of interest and violations of the public trust by reeve Kevin Eberle regarding a proposed high-density residential subdivision in the RM. Justice Ron Barclay was appointed last June after allegations were […] Read more
Bats, skunks biggest rabies culprits
Bats were the biggest source of rabies in Canada last year, according to statistics recently posted by the Canadian Food Inspection Agency. The animals were responsible for 46 of the 92 cases of rabies reported in Canada last year. Eighteen of the bat cases were in Ontario, while British Columbia and Saskatchewan had nine each, […] Read more
Resource pressures could spark conflicts with global impact
ROME (Thomson Reuters Foundation) — Illegal deforestation in Southeast Asia, conflicts over water in the Nile Basin and China’s growing dependence on South American food are some of the resource challenges facing emerging nations with the potential to cause strife, a risk analysis group warns. Interconnected supply chains mean environmental conflicts can spread across borders, […] Read more
U.S. weather forecaster maintains forecast for weak El Nino
NEW YORK (Reuters) — The U.S. weather forecaster on Thursday maintained its forecast for a 50 percent to 60 percent chance of El Nino during the Northern Hemisphere winter and early spring, with neutral conditions thereafter. The Climate Prediction Center, an agency of the national Weather Service, in its monthly report kept its outlook unchanged […] Read more
U.S. lawmaker says Japan and Canada must cut farm tariffs
WASHINGTON (Reuters) — Canada and Japan must open their markets to farm imports under a Pacific trade pact, the chairman of a congressional committee responsible for trade said on Thursday, adding that any country that cannot meet the deal’s ambitious goals should drop out. In prepared remarks, House Ways and Means Committee chairman Paul Ryan […] Read more
UPOV 91 demands detailed records from seed cleaners
Seed cleaning plants will have to keep extensive records if they want to stay ahead of the law once UPOV 91 comes into effect, said a seed official. Lorne Hadley, executive director of the Canadian Plant Technology Agency, said seed cleaning plants will have to ensure that they don’t accidentally clean a protected seed variety […] Read more
