CHICAGO, Ill. (Reuters) — Monsanto reported a quarterly profit of US$20 million, compared with a year-ago loss of $191 million, as seed licensing deals in the typically low-revenue fourth quarter lifted sales. Monsanto shares have been trading in the $119-$120 range and have generally risen since April 2016 when the price was around $86.60. Sales […] Read more
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Corn, soy seed sales boost Monsanto profit
Crop insurance could act on tight canola rotations
You can still find canola producers who throw cold water on the assertion that tight rotations are increasing the risk of disease. It’s a little like the tobacco lobby, which for years claimed there was insufficient proof to conclusively show whether cigarettes cause cancer. In the case of cigarettes and cancer, there’s also the issue […] Read more
Safety measures should include mental health
EDMONTON — Farm safety discussions should extend beyond safe grain handling and equipment risks to include mental health challenges in agriculture, said Russel Hurst of Crop Life Canada. “We need open, empathetic, respectful conversations,” he said. A featured presenter at the Canadian Agricultural Safety Association annual meeting in Edmonton Oct. 2-5, Hurst said CASA is […] Read more
Snow snuffs out destructive Kenow fire
A fire that destroyed several ranches and burned a large portion of Waterton Lakes National Park in southwestern Alberta last month has now been deemed under control and continues to be monitored. More than 20 centimetres of snow fell on the park and other parts of southern Alberta Oct. 2, marking the first time many […] Read more
Soaring river freight hits U.S. farmers as grain prices slide
CHICAGO, Ill. (Reuters) — U.S. farmers are running out of options for their just-harvested corn and soybeans as delays on the Mississippi River, the main conduit for crops to export markets, cause shipping backlogs, while grain storage on the river’s banks is filling up. Low river levels and back-ups at aging locks have slowed navigation […] Read more
Clubroot resistant canola seed in demand after Sask. discovery
It’s canola booking time again, and growers across Western Canada and the northern U.S. Great Plains are making their canola seed plans. Those haven’t always included hybrids with clubroot resistant genetics in Saskatchewan and parts of the Peace Country. However, canola seed companies are seeing more interest in resistant genetics packages from those areas since […] Read more
Opposition disappointed with transport bill changes
Amendments to the Canada Transportation Act tabled in the House of Commons last week include few of the changes requested by shippers. The Commons transport committee, after a week of hearings and clause-by-clause examination of Bill C-49, passed just a couple of amendments dealing with railway accountability and reported to Parliament Oct. 5. The bill […] Read more
New export markets needed to accommodate rising pork production
Pork exports to China boomed in 2016 but slowed this year, although they remain on a long term rising trajectory. Future demand from China and other export markets will continue to be a key market factor as North American hog herds grow and slaughter expands. Forecasts indicate that while U.S. pork production should remain manageable […] Read more
Louis Dreyfus agrees to arbitration
AMSTERDAM/PARIS (Reuters) —Family shareholders of commodity trader Louis Dreyfus have agreed to arbitration talks to settle a long-running dispute over a share sale, sources familiar with the matter have told Reuters. The tussle concerns an attempt by minority shareholders to sell nearly 17 percent of the group’s holding firm to Margarita Louis-Dreyfus, who took over […] Read more
Wheat markets struggle with high production
Hopes that the wheat market had already posted its harvest low were dashed last week when the U.S. Department of Agriculture raised its estimate of the spring wheat harvest. The report was negative for prices but was really just a modest readjustment when placed in the context of the global wheat market. And in that […] Read more
