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Winnipeg (Resource News International) -- The Canadian agriculture industry can expect to see more instability and price spikes in grain and oilseed futures markets going forward, Prof. Alex McCalla told participants at the Canadian Wheat Board's annual GrainWorld conference here Monday. Many analysts believe that structural changes combined with a series of market "shocks," or[...]

(Resource News International) -- The current price tag attached to Canadian canola is curbing immediate and short-term demand from the European biodiesel sector, with major Canadian exporters not thought to have made any sales. The prospects for shipping Canadian canola to Europe were twice boosted over the winter by unrelated rulings from the European Union.[...]

(Resource News International) -- Farmers in Western Canada are less than enthusiastic about early new-crop malting barley prices being floated in Western Canada. Rahr Malting Canada Ltd. at Alix, Alta. had been offering between $4.25 and $4.50 (farm gate) for 2009-10 malting barley but those prices were met with minimal interest from farmers, said Kevin[...]

(Resource News International) -- Grain and oilseed rail shipments travelling on Canadian Pacific Railway's main line were rerouted following a train derailment near Grand Coulee, Sask., about 17 km west of Regina. The derailment, involving 30 potash cars and one locomotive, happened around 8:30 p.m. Thursday. "Grain and oilseed shipments continue unaffected as we were[...]

(Resource News International) -- The Western Canada acreage numbers released Tuesday morning in Statistics Canada's 2009 seeded acreage report are seen changing in subsequent reports due to late planting and re-seeding. "Nothing in the report really jumped out at me but we're in that position where it's only 60 to 70 per cent a seeded[...]

(Resource News International) -- U.S. demand for Canadian oats will be lower in the 2008-09 crop year; however, prices are expected to generally resist downward pressure due to soaring U.S. corn values, according to industry sources. Oat production in Canada for 2008-09 was pegged at 3.65 million tonnes by Agriculture and Agri-Food Canada on May[...]

(Resource News International) -- Bunge's decision to enter the North American fertilizer market is unlikely to have an impact on fertilizer prices in Western Canada, according to a Canadian farmers' purchasing group. Bunge North America, a branch of U.S.-based agricultural giant Bunge Ltd., announced Thursday that a new unit had been created to distribute and[...]

(Resource News International) -- While 2009 will be another strong year earnings-wise for Viterra, it will not be quite as good for Canada's largest grain company as 2008 was, according to a new Scotia Capital equity report. Total earnings (EBITDA) for fiscal year 2009 were pegged by Scotia Capital on Jan. 9 at $393 million,[...]

(Resource News International) -- Grain handler Viterra's proposed merger with ABB Grain has "compelling benefits" for producers in Australia and Canada, a Viterra spokesperson said last week in response to charges from an Australian farm group that the bid is not in producers' best interests. The South Australian Farmers Federation (SAFF) on May 22 voiced[...]