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covantis

Major grain traders’ e-transaction platform gets name

The blockchain-based global commodity transaction platform being developed by six of the world’s biggest agrifood firms is moving ahead with a new name and project leader. The six companies — ADM, Bunge, Cargill, Louis Dreyfus, Cofco and Glencore Agriculture — announced Wednesday the project will be named Covantis, and have hired former ADM executive Stefano […] Read more

cbot january soybeans

U.S. grains: Soy futures follow rally in soymeal

Chicago | Reuters — U.S. soybean futures rose on Thursday for the third straight day, led higher by strength in the soymeal market stemming from news that an Argentine soy crusher was experiencing financial stress, traders said. Corn futures ended lower after trading close to unchanged for much of the day, while wheat dropped on […] Read more



VIDEO: Author examines rural communities’ key to survival

Doug Griffiths tackles 13 ways communities might accidentally be setting themselves up for failure when it comes to economic development

Doug Griffiths, along with Kelly Clemmer, is one of the author’s of 13 Ways to Kill Your Community and one of the most recent speakers at the Association of Manitoba Municipalities annual convention Nov. 25-27. Griffiths spoke on 13 ways in which he says communities might block their economic development, including encouraging residents to shop […] Read more



Throne speech kicks off Parliament with nod to agriculture

The federal throne speech opening the first session of Canada’s 43rd Parliament further committed the Liberal minority government to combating climate change, supporting natural resource sectors and removing international trade barriers. Including a pledge to achieve net-zero emissions by 2050, the speech, delivered Thursday in Ottawa, showed the government again demonstrating its commitment to a […] Read more

Manitoba rural municipalities put province on notice

They say future changes to forage insurance are meaningless while farmers struggle to survive today

Manitoba’s new agriculture minister found himself in the hot seat at the recent annual meeting of the Association of Manitoba Municipalities in Brandon. Representatives of the 16 rural municipalities who have declared themselves in a state of agriculture emergency chided the province and Minister of Agriculture and Resource Development Blaine Pedersen, for lack of response. […] Read more



Livestock feed crisis kicks off

Farmers are getting a sense of exactly how much trouble they’re in now that the winter is closing in

The province hopes to revamp forage insurance, but an update to future insurance will not help producers face down their current crisis, Manitoba Agriculture and Resource Development Minister Blaine Pedersen acknowledged. Feed trucks have become a common sight as producers scramble to overwinter cattle, Ste. Rose du Lac Mayor Robert Brunel said. Brunel says it […] Read more


Manitoba commodity groups choose name ahead of merger vote

The groups are hosting webinars to educate members of proposed plans

If members vote to amalgamate five Manitoba commodity groups, they’ll go forward under a new name: Manitoba Crop Alliance. “When we looked at the definition of the word alliance, which is an association formed for mutual benefit, we felt that summarized the intent of the amalgamation. We are stronger, together,” said Myron Krahn, Manitoba Corn […] Read more



ICE january canola

ICE weekly outlook: Canola steady, awaits news

MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday, but remain rangebound overall awaiting some fresh market-moving news. Some direction could come from the U.S. soybean complex, as the ongoing back-and-forth of trade talks with China could see some actual movement ahead of a Dec. 15 deadline that will see the […] Read more

CBOT

CBOT weekly outlook: Headlines, geopolitics drive prices

MarketsFarm — To Terry Reilly, about the only things driving the Chicago Board of Trade (CBOT) are headlines and geopolitics developments. “Traders are trading headlines,” Reilly, an analyst for Futures International in Chicago, said in reference to the latest developments in U.S.-China trade talks. Reports on Wednesday morning said the two countries were close to […] Read more