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(Dave Bedard photo)
Crops, Markets

Net short position climbs in canola

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MarketsFarm — The large speculative short position in ICE Futures canola contracts widened the week ended Tuesday, as speculators added to their bearish bets on the market, according to the latest commitment of traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators on Tuesday had a net
(File photo by Dave Bedard)
Crops

Railways book higher grain freight revenue for Q1

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Canada’s big two railways reported somewhat higher revenue from handling grain during their fiscal quarter ending March 31, despite both companies reporting winter weather woes. Canadian Pacific Railway (CP) on April 23 reported grain segment revenue of $380 million for the quarter, up six per cent from the year-earlier period, on about 92,800 grain carloads,
Oil and meal haven’t been the target of Chinese trade troubles yet, but there’s little capacity to expand processing here at home.
Crops, Oilseeds

Canola crush processing near capacity

That limits their ability to offset lost seed sales to China by processing more


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Don’t look to Canada’s canola crushers for relief from the Chinese canola seed bans. Canola oil and meal are still being exported to China, but because Canadian crushers are working at almost full capacity there’s not much opportunity to offset the loss of canola seed exports to China with increased shipments of oil and meal.
United States Senator and current democratic presidential candidate Bernie Sanders made a stop to the Downtown Farmers’ Market in Des Moines on Saturday, May 4, 2019, to greet Iowans. (Photo: Bryon Houlgrave, The Register (Des Moines) via Reuters Marketplace)
Crops

Bernie Sanders promises help for family farms

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Reuters — U.S. presidential contender Bernie Sanders unveiled a plan on Sunday to help family farmers and rural residents, promising to break up corporate agricultural monopolies and invest heavily in social and economic programs in struggling rural communities. Sanders, an independent U.S. senator and fierce corporate critic, said on a campaign trip to Iowa that
(File photo by Dave Bedard)
Crops

Prairie grain freight cost index adjusted upward

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Corrected, May 6, 2019 and Jan. 7, 2021 — Canada’s big two railways can expect a small raise in the amount of revenue they get to keep from hauling Prairie grain in the coming crop year. The Canadian Transportation Agency (CTA) on Tuesday announced it will set the volume-related composite price index (VRCPI) at 1.4371
(Serya.com.br)
Crops

McCain Foods buys stake in Brazilian potato processor Serya

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Sao Paulo | Reuters — McCain Foods, the world’s largest producer of frozen fries, has agreed to buy 70 per cent of Brazilian firm Serya for an undisclosed amount, in a deal that will allow the Canadian company to expand its footprint in Latin America’s largest market. The remaining shares of Serya are held by
(PerformanceAg.ca)
Crops

Alberta crop input retail groups’ deal off

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A proposal to bring together two groups of central Alberta crop input retailers has been called off without closing a deal. Crop Management Network (CMN) said Friday the conditional deal it announced in March to buy Performance Ag Group won’t proceed. CMN, a joint venture between an employee-owned network of retail outlets and La Coop

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