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Tag Archives Business/Finance — page 2

Canola holds steady as seeding gets underway
Grain Markets, Markets

Canola holds steady as seeding gets underway

Crude oil pressures and potential for major soy exports weigh in on trading

By
Canola prices held steady during the week ended May 15, despite turbulence from outside markets. Nearby canola contracts started the week at $471.30 per tonne and traded on either side of unchanged for consecutive trading sessions during the week. On May 14, the July contract closed at $470.70 per tonne. July soyoil dropped by about
Markets, News, Other

Australia to subsidize air freight

Aim it to unfreeze agri-exports shut down by virus

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Australia’s government will spend A$110 million (C$95 million) to subsidize air freight for exports of agricultural products after flights were severely disrupted due to the global coronavirus pandemic. About 90 per cent of Australian air freight is usually transported in planes carrying tourists. But with scores of countries closing their borders to stop the spread
Even as railways set shipping records, year-end carry-over continues to grow.
News

Grain shipping. It’s a good news-bad news story

The grain-handling system keeps setting records, even as carry-out keeps rising

By
[UPDATED: June 5, 2020] Despite major setbacks earlier in the shipping season and COVID-19, Canada’s railways are setting grain shipping records. *Year-to-date movement to Vancouver, Prince Rupert and Thunder Bay is two per cent ahead of last crop year’s (2018-19) pace, which ended with a record of 34.9 million tonnes shipped. Total shipments to all
Pallister muses about cuts to Manitoba Agricultural Services Corp.
News, Other

Pallister muses about cuts to Manitoba Agricultural Services Corp.

KAP says doesn't want Manitoba farmers' most important business risk management program to be undermined

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Premier Brian Pallister appears to be determined to make funding cuts to the Manitoba Agricultural Services Corporation (MASC), despite calls for caution from the Keystone Agricultural Producers. During his regular COVID news conference Tuesday, Pallister was asked why MASC salary cuts of up to 20 per cent are being considered. “Manitoba Ag Services has been
News, Other

CN posts larger profit in first quarter

Income was up, despite the effect of rail blockades earlier this year

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Despite Canadian National Railway (CN Rail) having taken the brunt of the rail blockades earlier this year, the company saw its net income in the first quarter of 2020 increase by 29 per cent. The railway recorded a total net income of C$1.011 billion, according to documents on CN’s website. A good portion of that net income
Going paperless: Pandemic makes digital a new reality
Farmit Manitoba, Other

Going paperless: Pandemic makes digital a new reality

The COVID-19 pandemic response is driving farms and companies to paperless transactions

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The COVID-19 crisis is forcing changes to how business is done in Canadian agriculture, driving a long-delayed move to digital business transactions. Deliveries from or visits to a supplier often doubled as social interactions in farm country, but that face-to-face culture is being supplanted by digital bits. Why it matters: Paper transactions and payments move
Volatility is more of a mathematical definition of how much a market will likely move in the future based on past fluctuations.
Markets, Other

Volatile times need a market strategy

Think of these tools as an insurance policy where you pay a fee to avoid risks

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Given what’s happened in the markets in the past couple of months, it’s a good time to revisit risk: how to think about it, how to manage it and its practical impact on marketing and hedging. As the coronavirus was unleashing its effects on the markets, I was also reading an interesting book called An
Comment: We have to start somewhere
Comment, Opinion

Comment: We have to start somewhere

Another huge farm bailout is needed due to COVID-19

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Before we take the next unsteady step into a very different future, let’s make sure it’s not a step off the plank. How? We can start with disciplined decision-making: Use proven facts, lean on practical experience, and focus on what is safe and smart. That latter part is especially important because if you farm or
Delta 9 gets green light for automated cannabis packing line
News

Delta 9 gets green light for automated cannabis packing line

Other expansions to the grow facility postponed in the wake of the COVID-19 pandemic

By
Cannabis company Delta 9 has government clearance to begin using its on-site, automated packing and processing facility. “This approval will allow us to streamline and automate our packaging and labelling activities and improve our ability to bring consumer-packaged cannabis products to market,” said Delta 9 CEO John Arbuthnot in a news release on April 13.

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