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Canola

(CaseIH.com)
Crops

Feds scrap ‘conditional’ pesticide approvals

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Reading Time: 2 minutes Federal crop chemical regulators this summer will stop granting “conditional” registrations for new pesticides — a practice already largely on the way out, they note. Health Canada, which oversees the federal Pest Management Regulatory Agency (PMRA), said Tuesday it plans to stop granting new conditional registrations starting June 1, describing the move as an “important […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola posts gains as loonie plunges

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Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts advanced during the week ended Wednesday, on the back of currency action that made the commodity more desirable to international buyers. “This Canadian dollar has really helped out exports to China, Japan, Pakistan and Mexico,” said Wayne Palmer of Agri-Trend Marketing in Winnipeg. The loonie continued to […] Read more
(Country Guide file photo)
Livestock, Markets

Currency analysts watch for interest rate decision

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Reading Time: 1 minute CNS Canada — The likelihood of the Bank of Canada cutting interest rates on Wednesday is already priced into the loonie, according to one analyst — but if the bank instead decides to hold rates steady, the beleaguered currency could move higher. The Canadian dollar was trading around US69 cents (US$1=C$1.45) near midday Tuesday, which […] Read more
(Dave Bedard photo)
Crops, Reuters

PotashCorp shutting New Brunswick potash mine

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Reading Time: 2 minutes Reuters — Weak conditions in the potash market will not improve any time soon, PotashCorp’s CEO said Tuesday as the fertilizer company announced it would suspend operations “indefinitely” at its New Brunswick mine. Potash Corp said it was putting its new Picadilly mine near Sussex, about 75 km northeast of St. John, in “care and […] Read more
(Dave Bedard photo)
Crops, Machinery

Supreme Court tosses CP challenge on interswitching

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Reading Time: 2 minutes Canadian Pacific Railway’s (CP) bid to halt new federal rules which allow more Prairie elevators to move loaded grain cars on more than one railway has stopped at Canada’s highest court. The Supreme Court of Canada on Friday dismissed CP’s appeal of an October ruling at the Federal Court of Appeal — a ruling which […] Read more
CentrePort’s attractiveness lies partly in its access to multiple rail carriers, as Paterson Grain’s terminal northwest of Winnipeg already has. (Dave Bedard photo)
Crops

Toronto grain firm’s elevator to anchor Winnipeg rail park

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Reading Time: 2 minutes Toronto grain trading firm BroadGrain Commodities aims to build some Prairie handling muscle with a new grain terminal and bean plant in Winnipeg’s planned CentrePort rail park. The company, which already operates a pair of elevators in southwestern and eastern Ontario and took over Saskatchewan pulse and special crop processor Lakeside Global Grains in 2011, […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola stuck in sideways range

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Reading Time: < 1 minute CNS Canada –– ICE Futures Canada canola contracts posted small losses during the week ended Wednesday, but remained rangebound overall. That sideways activity is expected to continue over the next month or so, as large supplies and increased farmer selling, on the one side, is countered by solid end-user demand and the weaker Canadian dollar. […] Read more
(Dave Bedard photo)
Crops, Reuters

EU food safety watchdog hits back in glyphosate safety row

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Reading Time: 2 minutes Brussels | Reuters –– The head of Europe’s food safety watchdog has written to a group of nearly 100 senior scientists strongly rejecting their criticisms in a row about the safety of glyphosate. The European Food Safety Authority (EFSA), which advises European Union policymakers, issued an opinion in November that glyphosate is unlikely to cause […] Read more
(Portosdobrasil.gov.br via Flickr)
Crops, Markets

Ocean freight cost index breaks another floor

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Reading Time: < 1 minute CNS Canada — The Baltic Dry Index (BDI) continues its downward slide, dropping below 400 points for the first time ever as ocean freight rates struggle to find their bottom. The BDI was quoted at 394 points on Wednesday, marking a new low since records began in 1985. The index was trading above 1,200 as […] Read more
(PortMetroVancouver.com)
Crops, Markets, Reuters

China and vessel glut drive Baltic index to fresh low

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Reading Time: < 1 minute Reuters — The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying industrial commodities, slid to a fifth consecutive record low on Monday on economic worries about China and a surplus of vessels. The overall index, gauging the cost of shipping dry bulk cargoes including grain, iron ore, cement, coal and fertilizers, […] Read more

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