REUTERS — Maple Leaf Foods is splitting into two independent public entities by spinning off its pork business, joining a host of companies that have demerged their businesses to streamline operations and realize more value.Globally, several companies, including most recently chemical maker DuPont, have moved to break up their businesses in an attempt to increase […] Read more
More investments in biologicals
WINNIPEG – The march towards biologicals is gaining speed.In the second week of July, Syngenta and Nufarm both announced collaborations with smaller biotech firms to build up their portfolio of biological products in the pipeline.Syngenta has partnered with Intrinsyx Bio, a Silicon Valley company, to develop a line of endophyte products.“Endophytes — small micro-organisms that […] Read more
Global yields have not kept up with increasing demand
Sluggish production blamed on adverse weather conditions and high input costs that lead to reduced fertilizer use SASKATOON — Rising demand and below-trend yields is leading to a tightness in global supply of the major crops, says one of the world’s largest crop input suppliers.The global stocks-to-use ratio for the major crops, excluding China, has […] Read more
Feds announce $6 million beef marketing boost
The Canadian beef industry is getting a more than $6-million national boost from the federal government promote Canadian beef abroad. “Canadian beef has earned a top spot on the world stage because of the commitment to quality and sustainability that our producers hold themselves to,” said agriculture minister Lawrence MacAulay in a news release today. […] Read more
Wheat growers may see premium over durum
Canadian farmers planted 6.36 million acres of durum, 5.5 per cent more than 2023, while U.S. acres jumped 29 per cent
SASKATOON — The price spread between spring wheat and durum will likely narrow in 2024-25, says a grain industry analyst. In fact, this could be one of those rare years where spring wheat momentarily trades at a premium to durum, said GrainFox chief analyst Neil Townsend. Canadian farmers planted 6.36 million acres of the crop, […] Read more
New BRICS grain exchange idea gains traction
Group appears to be getting behind Russia’s proposal for a new marketing system, but market observers remain skeptical
SASKATOON — Russia’s proposal to form a BRICS grain exchange appears to be gaining momentum. BRICS is an intergovernmental organization comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia and the United Arab Emirates, according to Wikipedia. The idea for a BRICS grain exchange was originally tabled by the chair of Russia’s Union of […] Read more
Deforestation law’s impact on canola remains uncertain
The European Union legislation could change trade flows, but it is hard to predict the overall effect on canola demand
SASKATOON — It is unclear what impact the European Union’s looming anti-deforestation regulation will have on canola demand, says an industry official. The EU’s Regulation on Deforestation-free Products entered into force June 29, 2023. It stipulates that any business or trader who markets commodities such as cattle, wood, cocoa, soy, palm oil, coffee, rubber and […] Read more
Growing season grows longer
WINNIPEG — Western Canada is now warmer than it was in the 1950s, and that trend is expected to continue, says a researcher with Environment and Climate Change Canada. Since the late 1940s, the growing season on the Prairies and British Columbia has lengthened by 15 to 30 days. A lot depends on location, but […] Read more
Grain movement looks good but faces challenges
Lower crop prices slowed deliveries at the beginning of the 2023-24 year, while railways struggled with labour issues
SASKATOON — Grain movement has been on track this crop year despite some challenges, but it hasn’t been as good as last year, according to Canada’s grain monitor. “There has been so much stuff that has happened this year that has confounded the movement,” said Quorum Corp. president Mark Hemmes. The first challenge was the […] Read more
Carbon tax rebate available
REGINA — Farmers with employees could qualify for a rebate related to carbon pricing as long as they file their taxes by July 15. The Canada Carbon Rebate for Small Businesses was announced in this year’s federal budget, and while details are still scant, it will return a portion of the price on pollution through […] Read more
