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Canola

(Barry Wilmore photo courtesy NASA)
Crops, Markets

Global markets: Mine shutdowns, U.S. jobless claims

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Reading Time: < 1 minute CNS Canada — The following is a glance at news moving markets globally. BHP EXECUTIVE SAYS SHUTTING MINES WON’T AFFECT PRICES – An executive from BHP Billiton Ltd., a multinational mining, metals and petroleum company, said mines being shut down will not affect commodity prices-like copper-because the mines being shut are not profitable. Some analysts […] Read more
(UFA.com)
Crops

Alta., U.S. ag co-ops partner on fertilizer plant

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Reading Time: 2 minutes The Canadian arm of U.S. farm, fuel and agrifood co-op CHS is moving to expand its stake in Alberta’s ag input retail market, this time partnering with one of Canada’s top ag co-ops. CHS Canada and Alberta’s UFA announced a partnership deal Wednesday for a seed and crop input retail operation, plus agronomic and advisory […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola can’t crack resistance

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Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola futures ended slightly higher for the week ended Wednesday. All of the contracts eked out minor gains, but it was largely seen as a frustrating session for the near-term November contract, which again failed to settle above its technical resistance point of $480 per tonne. Funds largely pushed […] Read more
The community has been hit “very hard” by a farm accident that killed three young sisters, said Sgt. Mike Numan of the Rocky Mountain House RCMP. (Jennifer Blair photo)
Canola, Crops, Machinery

Three young Alta. sisters lost to grain truck mishap

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Reading Time: 2 minutes Rocky Mountain House | AFE — A community in central Alberta is in mourning following the deaths of three young sisters in a grain truck mishap on Tuesday night. “This is hitting us all very hard. Frontline responders are routinely called out to sad situations, but things are always harder when there’s children involved,” said […] Read more
G3 CEO Karl Gerrand, shown here in April in Winnipeg, said the company isn’t particularly interested in making a move on Glencore’s Viterra assets. (Dave Bedard photo)
Crops, Markets, Reuters

Not much interest in Glencore ag assets at grain firm G3

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Reading Time: 2 minutes Winnipeg | Reuters –– Grain handler G3 Canada, a joint venture between a Saudi Arabian firm and Bunge Ltd., doesn’t have much interest in bidding for a stake in rival Glencore’s agricultural business, its chief executive said Tuesday. Swiss-based Glencore, the trader and miner whose shares have been battered by the commodities slump, is looking […] Read more
(Photo courtesy Canada Beef Inc.)
Corn, Crops, Markets, Reuters, Soybeans

EU lawmakers reject bill allowing opt-out from GM crop imports

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Reading Time: < 1 minute Brussels | Reuters –– European lawmakers rejected a proposal Tuesday that would have allowed countries to restrict or ban the use of imported GM crops that have secured EU approval. The environment committee of the European Parliament rejected the draft law by 47 votes to three, many arguing that the proposal was unworkable and would […] Read more
(Dave Bedard photo)
General, Markets, Reuters

U.S. hopes to release TPP text in 30 days

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Reading Time: < 1 minute Reuters — The U.S. administration hopes to release the full text of a Pacific trade deal within the next 30 days, U.S. Trade Representative Michael Froman said in an interview with CNN. The U.S. sealed the Trans-Pacific Partnership (TPP) with 11 trading partners this week, after more than five years of negotiations. “The lawyers are […] Read more
Canola seed, oil and meal. (Photo courtesy Canola Council of Canada)
Canola, Crops, Markets

Weekly canola crush hits new record

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Reading Time: < 1 minute CNS Canada –– Canola oil is flowing freely in Western Canada, with domestic processors crushing more canola in a single week than ever before, according to the latest data from the Canadian Oilseed Processors Association (COPA). The weekly canola crush hit 184,493 tonnes during the week ended Wednesday, which is more than 10,000 tonnes above […] Read more

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