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Alberta to buy rail cars for oil

Ottawa | Reuters — The Alberta government is in talks to buy rail cars to transport 120,000 barrels per day of crude oil and expects a deal to conclude within weeks, Premier Rachel Notley said Wednesday, as the province takes actions to move oil stuck in the region because of a lack of pipeline capacity.

Crops, Weather

Cold, wet weather delays Prairie sunflower harvest

By GFM Network News, Glen Hallick - MarketsFarm November 23, 2018

CNS Canada — For sunflowers it was a tough year that began with dry conditions at seeding time, then more dry weather in July and August, only to be topped off by a cold, wet fall. The quality of sunflowers, however, is said to be pretty good in Western Canada. Darcelle Graham, executive director of

Crops, Markets

Dwindling diesel supplies could boost price

By Dave Sims, GFM Network News July 26, 2018

CNS Canada — Strong global demand and a looming North American harvest could send diesel prices higher in coming months. According to one energy analyst in Chicago, farmers may want to buy some fuel before prices get too high. “We’re telling our people to hedge some of your exposure, because we do think that, barring

Crops, Markets

ICE weekly outlook: Sideways canola seeks spark

By GFM Network News, Phil Franz-Warkentin - MarketsFarm January 31, 2018

CNS Canada — ICE Futures Canada canola contracts remain stuck within a sideways trading range awaiting a spark that would push values one way or the other. “We could have had this conversation two months ago… canola is refusing to budge from a range,” analyst Mike Jubinville of ProFarmer Canada said of the lack of

News, Oilseeds

Organization in Canada, China, sign memorandum

Canola Council of Canada touts benefits of canola oil and meal during trade mission to China

By Shannon VanRaes November 30, 2017

The Canola Council of Canada is celebrating a new memorandum of understanding after wrapping up a trade mission to China. Speaking from Beijing, canola council president Jim Everson emphasized the importance of the Chinese market for Canadian canola producers and processors. “We are just at the end of what we think is a very successful

Crops

Macquarie to buy Cargill’s global oil business

By GFM Network News, Reuters March 3, 2017

Houston | Reuters — Australian bank Macquarie Group is planning on buying Cargill’s global oil business, according to people familiar with the matter, marking the second energy business the global commodities trader has shed this year. Terms of the deal have been agreed upon, but the integration could take several weeks or longer, one of

Editorial, Opinion

Editorial: Biofuels fight

By Gord Gilmour February 23, 2017

[Updated March 2, 2017]: What would a world with another five billion bushels of corn on the market look like? I am willing to bet that the grain growers among our readership just felt a small blood pressure spike at the very thought, anticipating dramatically lower crop prices. That figure represents the portion of the

Crops, News

Farmers, grain companies warn railways be ready to move a big crop

Western production could exceed the  five-year average

By Allan Dawson June 30, 2016

The prospects of another bumper crop this year have western Canadian grain companies and farm leaders warning the railways to be ready. They want to avoid a repeat of the colossal and costly backlog of 2013-14 when crop production set a new record by a large margin. “We know it’s going to be a big

The International Criminal Police Organization (INTERPOL) rescues children, who were the victims of child trafficking, from cocoa fields in Cote d’Ivoire in June.

Crops, International news

The dark taste of chocolate

There are an estimated 1.5 million child labourers in Cote d’Ivoire

By Barza Wire October 20, 2015

Arouna stands shirtless in a cocoa field in Côte d’Ivoire. The 12-year-old holds a hoe and his ribs are clearly visible under his skin. He says, “I have to get up very early each day to be the first in the field with my younger brother to start clearing (the land). I’m so tired.” Arouna

Comment, Opinion

Brace for more commodity volatility due to China

China’s real estate bubble is deflating as the economy slows

By Hendrik Brakel July 14, 2015

When someone asks where commodity prices are headed, they’re really asking: what’s the outlook for China? Last year, China consumed more coal than the rest of the world combined and imported 70 per cent of the world’s seaborne iron ore. In 2012, China accounted for half of the global growth in oil demand. It’s a

Klassen: Deferred live cattle futures pull feeder market higher

Railways to blame for terminal shortages, WGEA says

U.S. livestock: Cattle, hogs firm as U.S. stimulus plan fuels optimism

GFM Network News