SASKATOON — There is speculation that Bunge may have to sell its ownership stake in G3 Global Holdings to appease Canadian regulators scrutinizing its proposed takeover of Viterra. G3 Global Holdings is the majority owner of G3 Canada Ltd., which operates 19 grain elevators in Western Canada and one in Quebec and port terminals in […] Read more
News
Science helps understand early, late frost risk
Besides drought, frost probably has the greatest impact on agriculture. Using a climatic definition, frost occurs when the temperature of the land surface drops below 0 C, but with respect to agriculture, frost is substantially more difficult to define. Looking at cereal crops, for example, a temperature of 0 C will not result in crop […] Read more
Agri-Spirit Fund takes applications
Farm Credit Canada is accepting applications from registered charities, non-profit organizations and First Nations, Métis and Inuit governments/communities in rural Canada for the FCC AgriSpirit Fund. The fund supports capital projects that enrich the lives of residents in communities with fewer than 150,000 people. A total of $1.5 million in funding is available. Projects can […] Read more
PepsiCo’s financial results beat analysts’ expectations
REUTERS — PepsiCo beat Wall Street expectations for first-quarter revenue and profit as demand for its sodas and snacks such as Cheetos and Doritos in international markets drove growth even as it witnessed a slowdown in the United States. Consumers across Europe, Asia Pacific and China shelled out money for PepsiCo’s pricey sodas and chips, […] Read more
ADM CFO to resign amid gov’t investigations
REUTERS —Archer-Daniels-Midland says chief financial officer Vikram Luthar will resign from his role effective Sept. 30. Luthar is the highest-level executive to leave the firm since it disclosed accounting issues within its Nutrition division that later triggered two government investigations and forced it to revise six years of financial data. ADM had put Luthar on […] Read more
Bayer confirms 2024 outlook
FRANKFURT, Germany (Reuters) — Bayer has confirmed its full-year forecast for earnings and cash flow despite slow business at its crop science and consumer health divisions. “Our Crop Science and Consumer Health divisions expect a slow start to the year due to market dynamics, but we feel confident in our full-year targets and the direction […] Read more
Ag industry wary of federal immigration plan
Glacier FarmMedia – The 2024 federal budget’s promise to reduce “temporary immigration” could reduce the number of temporary foreign workers available to Canadian agriculture and ag businesses. The document states the government “will reduce the share of temporary residents in Canada to five per cent of the total population over the next three years,” which […] Read more
India extends pea duty exemption to end of October
Analysts uncertain as to whether the move was announced early enough to affect Canadian producers' seeding plans
SASKATOON — India has extended the elimination of its import duty on yellow peas through the end of October. Exporters can now load yellow peas until Oct. 31 instead of June 30, which means some of Canada’s new crop peas can now move to that market duty-free. Related stories: AgPulse Analytica analyst Gaurav Jain said […] Read more
All eyes on Russian weather as wheat rebound
Russia is experiencing a rough transition from El Nino to La Nina, which could significantly bite into yields this year
SASKATOON — Wheat futures have gained back much of the ground they lost since the start of the year in the last couple of weeks. And there could be further appreciation on the horizon if World Weather Inc.’s forecast for Russia proves accurate. Related stories: There is a tendency for ridge-building in parts of Russia […] Read more
Recent precipitation welcome, but more needed
Northern Alberta is particularly dry this spring, but even areas that are receiving rain have low soil moisture reserves
Glacier FarmMedia – Even though all three Prairie provinces had snow or rain last winter and this spring, moving out of drought conditions is not necessarily a given. “We’ve seen near normal precipitation throughout most of Saskatchewan and well as southern Alberta and much of Manitoba,” said Trevor Hadwen, agroclimate specialist with Agriculture Canada. This […] Read more
