NEW YORK/OSLO (Reuters) — CF Industries ended merger talks with Norway’s Yara International that would have created a US $24.5 billion fertilizer producer, leaving Yara with nothing to show for a short-lived courtship that cost it two chief executives. Chicago-based CF and Yara failed to agree the terms of a “merger of equals” to create […] Read more
News — page 2507
Yara counts cost of failed merger talks with CF
Canadian inflation hits target, but how much is temporary?
OTTAWA (Reuters) — Canadian inflation settled exactly at the Bank of Canada’s target of two percent in September, with the core rate staying at 2.1 percent, according to Statistics Canada data released on Friday. Bank of Canada Governor Stephen Poloz has said some recent price increases were temporary and so should be ignored, suggesting a […] Read more
Planting delays in Brazil seen limiting January soy offer
SAO PAULO (Reuters) — Soybean planting in Brazil’s top growing state of Mato Grosso is 18 percentage points behind last year’s pace, the state’s farm institute IMEA said on Friday, likely limiting the country’s soy offer in January. As of Oct. 16, 9.3 percent of the state’s expected crop had been sowed, barely changed from […] Read more
Bakers proud of local sourcing
Milling Saskatchewan grain | Couple enjoys personal contact with suppliers of wheat, rye and spelt
Fresh from the field takes on a whole new meaning at this Saskatoon bakery. Bryn Rawlyk and his wife, Beth Côté, have been milling their own flour and producing artisan breads and pastries at the Night Oven Bakery since it opened in March. The couple learned their skills by baking and working in kitchens and […] Read more
Farmland rental rates slow to respond to commodity prices
Economist expects prices will adjust, but farmers with multi-year contracts will see margins squeezed
Prairie crop receipts will be down this year, but it won’t necessarily be immediately reflected in the price that farmers pay for rented land, says a Farm Credit Canada economist. Money on hand is just one factor affecting prices, said Craig Klemmer, senior agricultural economist with FCC. “Rental rates are notoriously sticky,” he said. “They […] Read moreU.S. farmers seen cutting fertilizer use as crop prices slide
(Reuters) — U.S. farmers are cutting back on spreading fertilizer this autumn in response to a drop in crop prices to multi-year lows and a delayed harvest, dealers say, warning of a pullback that will be felt from grain markets to Canadian potash mines. Ten of 12 U.S. farm retail companies surveyed by Reuters say […] Read more
World in brief
Meat Processing Landmark moment as pork passes beef CHICAGO, Ill. (Reuters) — The U.S. government recently raised its pork production forecast for the year-to-date period ending September 2015 that shows pork surpassing beef for the first time since 1952, as hog farmers recover from a deadly pig virus. In the monthly World Agriculture Supply and […] Read more
Playing the field: CWB eyes its suitors
It’s been an eventful two years since CWB took its first steps into Western Canada’s newly deregulated grain market. And the next two years are shaping up to be every bit as interesting. Between now and July 31, 2016, CWB will take another important step toward privatization. By law, the former wheat board must devise […] Read more
Fewer hunting licences, shorter season as deer populations decline
White-tailed and mule deer populations are declining across much of the Prairies. An estimated 49 percent decrease in white-tailed deer numbers in Saskatchewan has prompted the government to change the length of the hunting season, while mule deer numbers have dropped to 22,000 from 43,000 in 2001. Several severe winters in the province have been […] Read more
Troubles pile up for grain handlers after record U.S. corn harvest
Yields above expectations There will be ‘piles and piles’ of surplus, says analyst
CHICAGO, Ill. (Reuters) — The giant corn harvest that is about to hit full stride in the U.S. Midwest looks set to overwhelm storage and pile up outdoors, which raises quality issues and makes it hard to keep supplies moving. This year’s record corn crop of 14.4 billion bushels would fill up 60 percent of […] Read more
