Last week’s grain price declines had little to do with grain supply and demand fundamentals and a lot to do with the prospect of the United States and China reducing the money supply. The main stimulus program in the U.S. ends next month and China keeps tightening its money supply to try to control inflation. […] Read more
News
Market’s strong base can withstand tremors
Computer model assesses fusarium risk
A Canadian Wheat Board computer model that estimates the risk of fusarium head blight performed well during its debut last year, says CWB agronomist Mike Grenier. However, more data and evaluation are required to prove that it can predict the risk of fusarium outside of Manitoba’s Red River Valley. The board launched the fusarium risk […] Read more
Land values up across Prairies in 2010
Canadian farmland values rose by five percent in 2010. Farm Credit Canada’s semi-annual spring land value report said value increases for 2010 by province were Saskatchewan 5.6 percent, Manitoba 4.7, Alberta 4.4, Ontario 6.7, Nova Scotia 3.7, Newfoundland 0.7, Prince Edward Island 3.2, New Brunswick 2.4, Quebec and Prince Edward Island 3.2 and British Columbia […] Read more
Canfax Report – for May. 19, 2011
FED CATTLE LOWER The Canfax average steer price was $103.69 per hundredweight, down $1.02, while heifers were $103.26, down 58 cents. The show list was five percent larger than the previous week with cash cattle making up 35 percent because of the carry over from the previous week. Packers were choosy buyers, favouring longer fed […] Read more
Summer ends need to heat but new energy season arrives
The summer season is so short in the northern climate that it encourages intense engagement. Getting out into the natural environment is restful and invigorating. Some people back pack with only a tent, some use a trailer or full RV and others invest in a permanent structure, often near if not right on a lake. […] Read more
Cervus posts quarterly loss
Cervus Equipment Corp. posted a net loss in the first quarter of $155,000, down from a loss of $613,000 in the same period last year. The construction and agricultural equipment dealership company posted improved revenue, which climbed 25 percent to $84.3 million. Earnings before interest, taxes, depreciation and amortization in the quarter improved 72 percent […] Read more
Western Producer Livestock Report – for May. 19, 2011
HOLIDAY DEMAND LIFTS HOGS U.S. cash hogs traded a little stronger last week on support from demand for the coming Memorial Day holiday, the usual start to barbecue season. Warmer weather across the United States is expected to help meat demand, which has suffered from a cool spring. Also, retailers have been stocking up on […] Read more
Drought threatens European canola farmers
HAMBURG, Germany (Reuters) – Canola in the European Union’s main producing countries urgently needs rain and there are increasing signs the crop in top producer Germany has suffered significant drought damage, analysts said May 12. Europe imports little Canadian canola because of the dispute over genetically modified crops, but a bad crop could force it […] Read more
Rocky Mountain boosts earnings
Rocky Mountain Dealership posted net earnings of $2.66 million in the first quarter of this year, up 52 percent from last year at the same time. Revenue at the agricultural and construction equipment dealership company with 38 stores in its network increased 31 percent to $157.6 million from last year. Rocky Mountain handles Case and […] Read more
Man. gov’t, Ottawa failed in providing residents info
The water is flowing, but answers to tough questions are still behind the dike. Manitoba residents along the Assiniboine River are facing the worst flood in their history. The flooding is extreme enough that, if the 1997 Red River inundation was the flood of that century, perhaps this one will be the flood of the […] Read more
