Business/Finance Archives - Page 36 of 63

The iconic yellow canola flower is also causing the Canadian economy to blossom, according to a report that spurred much discussion at the recent Canola Council of Canada annual conference.

Canola worth $26.7 billion, economic impact study shows

Total economic impact rising dramatically, independent analysis shows

By Lorraine Stevenson March 17, 2017

Canola’s value to the Canadian economy has tripled in the past decade, now coming in at $26.7 billion a year, according to a newly released study. That’s an increase of nearly $6 billion compared to the three-year period of 2009-11, with a large part of the value stemming from the 250,000 jobs and the $11.2

Grain Markets, Markets, Pulse markets

World soybean supplies are bearish on canola, for now

Traders get a sense that canola supplies may tighten

By Jade Markus March 16, 2017

As Western Canada sits blanketed in snow, canola prices are being driven by oilseed markets elsewhere — a short-term bearish factor. Looking to this year’s upcoming production, supply-and-demand outlooks have caused divergence within the market. The U.S. Department of Agriculture (USDA) on March 9 released its world agricultural supply-and-demand estimates (WASDE), bumping up soybean ending

The locks of the Welland Canal, on the St. Lawrence Seaway.

News

A wave of optimism in advance of seaway opening

The Great Lakes shipping pipeline will be opening for the season later this month

By Alex Binkley March 15, 2017

Optimism abounds for the 2017 navigation seasons on the Great Lakes and St. Lawrence Seaway. The seaway will open March 20 followed five days later by the American Soo locks between Lakes Superior and Huron and the 2017 navigation season on the Great Lakes will be fully underway. While the seaway finished down by 3.1

Markets, Pulse markets

Oilseed values gaining on talk of U.S. biofuel rules

Speculation on Trump’s next move supports crush margins

By Dave Sims March 9, 2017

ICE Futures Canada canola contracts posted solid gains during the week ended March 3, as a flurry of speculation about rumoured changes to U.S. biofuel regulation injected strength into oilseed prices. Canola’s May contract rose from a closing price of $515.30 per tonne on Feb. 24 to settle at a closing price of $532.60 on

Growing cities are gobbling up more farmland than anything else in Canada.

News

Urbanization, not foreign ownership, the real threat to farmland

Three per cent of Canada’s arable land was lost to sprawl between 2001 and 2011, investor says 

By Alex Binkley March 8, 2017

The real threat to farmland is our growing cities, not the tiny amount foreign owners hold. The president and CEO of Bonnefield Financial, Tom Eisenhauer, recently told the Senate agriculture committee that people looking to protect farmland need to look at the real issues. “The biggest threats are urbanization, rezoning and the conversion of farmland

Crops, Local news

Manitoba Oat Growers’ Association celebrates success and solvency

The books are in the black and Mexican oat consumption is growing fast, annual meeting told

By Richard Kamchen March 8, 2017

The Manitoba Oat Growers’ Association is in good financial shape and the industry is targeting more sales to a growing Mexican market. That was the word from the group’s latest annual general meeting last week, in conjunction with the CropConnect event. For the year ended July 31, 2016, MOGA revenue over expenses hit $19,013, a

Local news

Farm Products Marketing Council board members shuffled

There’s a new chair, vice-chair and directors for the organization

By Manitoba Co-operator Staff March 7, 2017

The board of the Farm Products Marketing Council has been shaken up by the provincial government. Provincial Agriculture Minister Ralph Eichler has named a new chair and directors and named one of the existing board members vice-chair. “The newly appointed chair, vice-chair and directors for the Manitoba Farm Products Marketing Council will serve an important

Following the Brexit vote farmers are pulling in their horns and cutting investment plans.

International news

U.K. farmers hold on to cash, cut investment on Brexit uncertainty

Uncertain about trade access and farm programs they’re planning  to cut investments in machinery and land

By Mariana Ionova March 6, 2017

British farmers are holding back on big investments as they brace for the U.K.’s exit from the European Union, their largest market and a vital source of subsidies. Agriculture enjoyed a brief boost after Britain voted to leave the bloc last June, when a weaker pound lifted profits by about 12 per cent and subsidy

Comment/Feedback, Crops

Huge U.S. corn exports face hurdles: Braun

Record-high stockpiles and looming record crops from rivals are causing headwinds for the crop

By Karen Braun March 1, 2017

The United States appears well on its way to exporting the largest volume of corn in nine years, but there will be some hurdles to overcome in order to meet the full expectation for the season. The United States is the world’s No. 1 source for corn and while not the primary form of domestic

Cereals, Opinion

Opinion: Wheat growers support free trade

By Jason Scott, Levi Wood February 28, 2017

Since the end of the Canadian Wheat Board’s government monopoly control over the marketing of western Canadian wheat, there has been a great deal of change in the Canadian wheat industry and positive modernization of many regulations. One of the most significant changes to come from marketing freedom for wheat farmers has been the growth

Daily Network News

U.S. livestock: Cattle, hog futures rise on first WASDE since September

U.S. export sales include only small soybean business to China

U.S. corn and soybean yields revised down by USDA

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