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(WWing/E+/Getty Images)
Crops, Markets

StatsCan reports sharp decline in field crop stocks

Stocks tighter than most traders had estimated

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MarketsFarm — Statistics Canada’s report on the country’s principal field crop stocks, released Friday, reflects an ever-tightening supply brought on by last year’s drought. With the exception of corn and soybeans, all of the crops listed suffered a supply decline of at least 10 per cent compared to the year before, as of March 31.
Screengrab from a DSV promotional video. (DSV-seeds.com)
Crops, Forages

German seed company buys Prairie forage seed firm

DSV to take up full control of Northstar Seed

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A Prairie company producing and selling forage, turf and grass seed for international and domestic markets is set to be an early foothold for a German seed firm in North America. DSV (Deutsche Saatveredelung) announced last week it has reached a deal in early April to buy up all shares of Northstar Seed, which is
(Nutrien video screengrab via YouTube)
Crops

Nutrien bolsters profit forecast on surging fertilizer prices

Fertilizer sector set for biggest profits in years

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Reuters — Nutrien Ltd. on Monday raised its full-year earnings forecast well above estimates after posting a more than 10-fold jump in first-quarter profit, as the world’s largest fertilizer company benefits strongly from soaring prices of crop nutrients. Prices of essential crop nutrients such as potash and phosphate skyrocketed in the quarter, touching near-record levels,
Spring runoff on April 27, 2022 at the Pembina Escarpment near Miami, Man., about 40 km northwest of Winkler. (Manitoba Co-operator/Allan Dawson video screengrab)
Weather

Flood warnings raised in Manitoba, southeastern Saskatchewan

Flows could reach 2009 levels in Manitoba

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MarketsFarm — Spring flooding in Manitoba’s Red River Valley could approach levels last seen in 2009, the highest water level since 1997’s “Flood of the Century,” according to the latest update from the provincial Hydrologic Forecast Centre. The centre is monitoring a precipitation system forecast for the April 29-May 1 weekend that is expected to
(File photo by Lorraine Stevenson)
Crops

Elevator declarations changing Aug. 1

CGC says the move won't harm Canada's grain quality assurance system

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The declarations of eligibility western Canadian farmers sign before delivering to elevators, effective Aug. 1, will no longer include crops that don’t require end-use quality assessment as part of the variety registration process. “It’s not a big change,” Canadian Grain Commission (CGC) spokesman Remi Gosselin said in an interview Thursday. Wade Sobkowich, executive director of
Flags in front of the European Commission headquarters in Brussels. (Inakiantonana/E+/Getty Images)
Crops, Markets

EU crops to face some challenges in 2022-23

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MarketsFarm — Total grain production in the European Union is expected to decrease overall by 2.4 per cent in 2022-23, according to U.S. Department of Agriculture attachés throughout the multi-nation bloc. For the coming crop year, they forecast production to be 286.02 million tonnes of wheat, corn, barley, rye, oats, mixed grains and others. One
File photo of fresh palm fruits and palm oil. (Slpu9945/iStock/Getty Images)
Crops, Markets

Indonesia’s palm oil export ban seen short-lived on limited storage

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Jakarta/Mumbai | Reuters — Indonesia’s ban on palm oil exports is unlikely to last more than a month as Jakarta has limited infrastructure to store the surplus oil and the country faces mounting pressure from buyers to resume shipments, industry officials said. The world’s top palm oil exporter announced plans to ban exports on Friday,
EU flags in front of the headquarters of the European Commission in Brussels. (Jorisvo/iStock/Getty Images)
Crops, Markets

EU’s oilseed yields expected to decline in 2022-23

USDA's attaches predict uptick in EU's oilseed acres

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MarketsFarm — The U.S. Department of Agriculture’s (USDA) attachés in Europe have projected oilseed production in the 27-member European Union to increase just slightly in 2022-23. The 18 attachés involved in the report expect about 31.07 million tonnes in total, for a 0.4 per cent bump in total oilseed output from 2021-22. The oilseeds included
File photo of fresh palm fruits and palm oil. (Slpu9945/iStock/Getty Images)
Crops, Markets

Indonesia bans palm oil exports as global food inflation spikes

Government under pressure to control cooking oil prices

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Jakarta | Reuters — Indonesia, the world’s top palm oil producer, announced plans to ban exports of the most widely used vegetable oil on Friday, in a shock move that could further inflame surging global food inflation. The halting of shipments of the cooking oil and its raw material, widely used in products ranging from

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