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Crops

Dreyfus posts profit rise in challenging market

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Paris | Reuters — French commodities trader Louis Dreyfus reported a rise of almost four per cent in annual net profit on Wednesday buoyed by higher volumes but cautioned that industry challenges persist. Like its rivals, Dreyfus has faced lower margins linked to large inventories, low prices and reduced price volatility, prompting it to spin
(Bayer.com)
Crops

Bayer wins EU approval for Monsanto buy

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Brussels | Reuters — German conglomerate Bayer won EU antitrust approval on Wednesday for its US$62.5 billion buy of U.S. peer Monsanto, the latest in a trio of mega-mergers that will reshape the agrochemicals industry. The tie-up is set to create a company with control of more than a quarter of the world’s seed and
Differential tariffs: Some countries such as Japan have tariffs which give preference to raw seed over oil. Canola Council of Canada
Crops, News

Poor rail service hitting canola crushers too

Some plants have had to shut down for a couple of days because trains have been delayed

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Poor rail service is hurting value-added agriculture too. Some of Canada’s canola-crushing plants have had to shut down from one to three days because the railways are failing to move oil and meal fast enough, with the biggest disruptions in the West and on CN Rail lines. The crushers say that is costing millions of
grain cars
Crops, News

Lenders, government, railways all promise action on grain movement

With big expenses on the horizon some farmers are experiencing a difficult cash crunch because grain isn’t moving to market

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Lenders are lining up to help western grain farmers who are experiencing a cash crunch due to poor rail service and the looming costs of putting in this year’s crop. Both Farm Credit Canada and the Bank of Montreal issued statements last week saying they would stand by their customers as they suffer from a
(Dave Bedard photo)
Crops

G3 expanding into Alberta market

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The grain company formerly known as the Canadian Wheat Board plans to start work next month on two new elevators including its first in Alberta. G3 Canada announced Tuesday it will build a 42,000-tonne capacity elevator at Wetaskiwin in central Alberta, between Edmonton and Red Deer, and a similar-sized elevator at Maidstone, Sask., about 55
A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)
Crops

U.S. rail regulator tackles railroads over customer complaints

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Reuters — The top U.S. rail regulator has asked major railroads for information on service levels before meeting disgruntled shippers and other customers over complaints about service delays and higher costs. In letters to the CEOs of the railroads, dated Friday and posted Monday on the U.S. Surface Transportation Board’s (STB) website, the regulator requested
Pass Bill C-49 before Parliament breaks in June: That was KAP president Dan Mazier’s message to the Commons agriculture committee March 19 in Ottawa. (ParlVU screen shot)
Crops

Get grain moving again, KAP says

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Move western grain, ASAP. That’s the blunt and urgent message Keystone Agricultural Producers (KAP) president Dan Mazier told an emergency meeting of the House of Commons’ agriculture committee Monday in Ottawa. The 2013-14 grain shipping backlog cost Western farmers around $6.5 billion and the current one will cost billions again, Mazier said. The first step
(Photo by Lynn Betts, USDA Natural Resources Conservation Service)
Crops

Industry still looking for new NH3 tank rule break

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Fertilizer Canada and the Canadian Association of Agri-Retailers (CAAR) say there will be enough anhydrous ammonia nurse tanks available to supply the fertilizer to farmers during this growing season. New Transport Canada regulations came into force Jan. 12, which affect the frequency of hydrostatic testing and visual inspection of ammonia nurse and applicator tanks and

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