Reading Time: 2 minutes Reuters — The Trump administration has indefinitely delayed a proposed overhaul of U.S. biofuels policy aimed at reducing costs for the oil industry, under pressure from corn state lawmakers who worry the move would undermine demand for ethanol, according to two sources familiar with the matter. The White House had been poised to announce reforms […] Read more
U.S. biofuels deal reported to be delayed indefinitely
Flea beetles take advantage of late seeding
Reading Time: 2 minutes CNS Canada — A heat wave in late May and a slow start to the planting season have created some ideal conditions for flea beetles. Pest specialists in Saskatchewan and Manitoba say farmers have already begun to spray for the beetle in certain locations. “They’ve been getting good conditions to feed under, they like it […] Read more
Canada clears Bayer’s Monsanto play, with conditions
Reading Time: 3 minutes Canada’s Competition Bureau says it’s “actively reviewing” BASF’s suitability as a buyer of the crop seed and chemical assets Bayer has to sell to get the bureau’s blessing to buy Monsanto. The Competition Bureau said Wednesday it has an agreement with Bayer to deal with “concerns that the proposed transaction would have significantly harmed competition […] Read more
Input Capital to appeal streaming contract ruling
Reading Time: 2 minutes A “virtual” grain firm whose canola contracts with a Prairie farmer were set aside as “unconscionable” in a recent court ruling plans to challenge parts of that decision on appeal. Regina-based Input Capital Corp. said Monday it has filed a notice of appeal with the Saskatchewan Court of Appeal over a May 17 ruling by […] Read more
ICE weekly outlook: Seasonals to weigh on canola
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts ran into some major resistance over the past week before turning lower, with more downside possible as seasonal trends should weigh on values. “Seasonally speaking, we’re in the neighborhood where canola makes the turn down,” said Mike Jubinville of ProFarmer Canada, noting canola typically sees some softness […] Read more
Visible Canadian canola supplies tighten
Reading Time: < 1 minute CNS Canada — Visible canola supplies in Canada dipped below one million tonnes for the first time since the 2017 harvest, according to the latest Canadian Grain Commission data. Canola stocks in commercial hands as of Sunday were pegged at 991,400 tonnes by the Canadian Grain Commission in its latest report. That’s down by about […] Read more
U.S. biodiesel lobby drops effort to adjust tax credit
Reading Time: 2 minutes Chicago | Reuters — The biggest U.S. biodiesel lobbying group has dropped its nine-year push to convert a US$1-per-gallon tax credit available to blenders of the biofuel into one for producers, the vice-president of federal affairs said on Friday. The tax credit benefits companies that blend biodiesel into fuel sold at U.S. gas stations. It […] Read more
ICE weekly outlook: Weather, U.S./China relations influence canola
Reading Time: 2 minutes CNS Canada — Traders’ attention at the ICE Futures Canada canola market has now turned to western Canadian weather and news south of the border. While there was a reprieve from the drought over the last week, with rain falling in parts of Western Canada, large areas missed out on the moisture. More rain is […] Read more
Court rips streaming canola contracts as ‘unconscionable’
Reading Time: 5 minutes A Prairie farmer who was paid up front for canola contractually committed to “commodity streaming” firm Input Capital Corp. will have to pay back most of that money, as per a court ruling which also condemns the company’s contracts with him as “unconscionable.” Saskatchewan Court of Queen’s Bench Justice Jeffery Kalmakoff on Thursday released his […] Read more
DowDuPont bets on canola in race to boost plant proteins
Reading Time: 2 minutes Winnipeg | Reuters — Production of Canada’s biggest crop, canola, has expanded rapidly in recent years amid strong demand for the vegetable oil it produces. But the other processed canola product, meal, takes a backseat to U.S. soymeal to feed certain livestock, due to a reduced protein level. Seed developer DowDuPont hopes to change that […] Read more
A message from April Stewart, Country Guide's Associate Editor
