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Oats

(Dave Bedard photo)
Crops, Markets, Reuters

Glencore sells 40 per cent of agribusiness to CPP

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Reading Time: 2 minutes London | Reuters –– Commodity miner and trader Glencore has agreed to sell 40 per cent of its agricultural unit to Canada’s state pension fund for US$2.5 billion, the company’s latest step to cut debt and soothe investor concerns about the impact of weak commodity prices. The sale values the agricultural unit as a whole […] Read more
(Dave Bedard photo)
Crops, Reuters

CPP reported in talks for stake in Glencore agribusiness

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Reading Time: < 1 minute Reuters — Commodity trading and mining firm Glencore is in advanced talks to sell a stake in its agricultural business to the Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported, citing people familiar with the matter. The CPPIB would take a stake of up to 40 per cent, valuing the business at […] Read more
(Doug Wilson photo courtesy ARS/USDA)
Crops, Markets, Oats

Oats’ buyers, sellers far apart on price

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Reading Time: < 1 minute CNS Canada — Farmers with oats to sell and end-users willing to buy them are far apart in terms of price right now, limiting how much business is actually taking place. Major U.S. customers are well covered for the time being, “with enough to last for a few months worth of milling,” said Ryan McKnight […] Read more
Melvin Penner of H&M Farms located near Altona, Manitoba.
Crops, Guide Business, Livestock

Bulletproof the farm

Extreme weather, volatile markets, government regulations, financial strains... The bullets are flying and they’re aimed straight at your farm. Here’s how Melvin Penner at H&M Farms is fighting back

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Reading Time: 10 minutes Snow pelts the metal siding so hard it rattles, but inside the farm shop, it’s warm with work and energy. Lined up in various stages of maintenance are a truck, tractor and corn planter, while in the corner, pouring over their field maps, the three owners of H&M Farms near Altona, Man., discuss the upcoming […] Read more
(Photo courtesy CN)
Crops, Machinery, Reuters

Transport review urges scrapping railway grain revenue cap

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Reading Time: 2 minutes Winnipeg | Reuters — Ottawa should phase out over seven years its cap on the amount of revenue railways can earn transporting grain, a study for the Canadian government recommended Thursday, a move long urged by railways and opposed by farmers and grain handlers. A review of Canadian transportation laws, aimed at modernizing the system, […] Read more
(RBAuction.com)
Crops, Machinery

Ritchie Bros. buys Mascus online equipment sites

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Reading Time: 2 minutes The Canadian operators of the world’s biggest equipment auctioneer have bought worldwide online equipment listing service Mascus. Burnaby, B.C.-based Ritchie Bros. announced Friday it has bought 100 per cent of the equity in Amsterdam-based Mascus for 24 million euros (C$36.8 million), plus up to 3.4 million euros (C$5.2 million) more, pending certain performance targets being […] Read more
(PortoDoItaqui.ma.gov.br)
Crops, Machinery, Markets, Reuters

Smaller vessels bump up ocean freight index

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Reading Time: < 1 minute Reuters — The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, marginally rose on Friday on improved rates for smaller vessels. The overall Baltic Dry Index (BDI), which gauges the cost of shipping resources including iron ore, cement, grain, coal and fertilizer, rose for the sixth consecutive session by […] Read more
DuPont’s headquarters in Delaware. (DuPont.com)
Crops, Reuters

DuPont, Dow set home towns for merged spinoff units

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Reading Time: < 1 minute Reuters — DuPont and Dow Chemical said two of the three units to be created and spun off following the companies’ mega-merger will be based in DuPont’s home town, and one in Dow’s home town. The two chemical companies agreed to combine in an all-stock merger in December, valued at US$130 billion at the time, […] Read more
Departure from average precipitation for the period from Nov. 1, 2015 to Feb. 15, 2016. (Map courtesy AAFC)
Crops, Weather

Drought watch kept on Alberta, early spring expected

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Reading Time: 2 minutes CNS Canada — Above-average temperatures and limited precipitation could mean parts of the Prairies will struggle with soil moisture heading into the spring, according to one specialist. “The soil moisture that we have in the ground right now is similar to what we went into the winter with,” said Trevor Hadwen, agroclimate specialist with Agriculture […] Read more

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