Reading Time: 2 minutes Updated, March 7 — Grain growers planning to claim their checkoff payments for a federal Scientific Research and Experimental Development (SR+ED) tax credit can expect slightly smaller credits going forward. Starting in the 2013 tax year, changes in federal tax law permit the SR+ED tax credit to be claimed on 80 per cent of eligible […] Read more
Change in SR+ED rule pares back grain growers’ tax credits
Calgary’s Big Rock picks B.C. brewery site
Reading Time: 2 minutes Calgary craft brewer Big Rock Brewery has picked a vacant warehouse in Vancouver’s Mount Pleasant area for the site of a bigger-than-expected second brewery. The company had announced plans last September to set up and open a second brewery somewhere in British Columbia’s Lower Mainland region, expecting to spend in the range of $1.5 million […] Read more
Canadian spot wheat bids jump with U.S. futures
Reading Time: < 1 minute CNS Canada –– Western Canadian cash bids for Canada Prairie Spring Red (CPSR) and Canada Western Red Spring (CWRS) moved higher over the past week, with a bounce in U.S. futures behind much of the strength. Average spot bids on Monday for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at […] Read more
Prairie rail jams putting Canadian millers in shutdown mode
Reading Time: < 1 minute A rail backlog keeping Prairie wheat and oats from arriving at Canadian mills has already forced some millers to suspend operations, according to the millers’ organization. In the Feb. 27 issue of the Manitoba Co-operator, Canadian National Millers Association (CNMA) president Gordon Harrison notes “prolonged interruptions of up to three to four weeks” in wheat […] Read more
Prairie spot wheat bids weaken, but basis improves
Reading Time: < 1 minute CNS Canada — Western Canadian cash bids for Canada Prairie Spring Red (CPRS) and Canada Western Red Spring (CWRS) moved lower over the past 10 days as U.S. futures ran into upside resistance. Average spot bids for CWRS (13.5 per cent protein) across Manitoba, Saskatchewan and Alberta came in at around $169 per tonne, or […] Read more
Grainworld: Barley prices to remain in downtrend for months
Reading Time: 2 minutes Winnipeg | CNS Canada — Barley prices in Western Canada have seen a bit of a rebound rally recently, but that trend is not expected to stick around. The recent price climb was sparked by a stop in farmer selling and by ideas that the market dropped too low, too quick, Jim Beusekom of Market […] Read more
Grainworld: Durum export outlook positive for 2014-15
Reading Time: 2 minutes Winnipeg | CNS Canada –– Because of the large durum crop grown in Canada in 2013-14, the country needs to gain a higher percentage of global durum trade to alleviate some of the pressures of having huge supplies, the Wild Oats Grainworld conference was told here Monday. “And I don’t think it’s going to be […] Read more
Grainworld: Oats market a ‘trainwreck’
Reading Time: 2 minutes Winnipeg | CNS Canada — The oats market in North America is a “trainwreck”, and there’s not much positive in the six- to 12-month outlook, an analyst told the Wild Oats Grainworld conference here Tuesday. “We have got bottlenecks all over the place. We are within an eyelash of shutting down the milling industry in […] Read more
CBOT oats run limit-up, hit record high on Prairie rail woes
Reading Time: < 1 minute Chicago | Reuters — The daily trading limit for Chicago Board of Trade oat futures and options will increase to 30 cents a bushel when the markets reopen, after the front-month contract rallied the 20-cent limit to an all-time high of US$5.03 on Tuesday. This is the second time in less than a week that […] Read more
U.S. wheat futures entering neutral territory
Reading Time: < 1 minute CNS Canada — All three U.S. wheat futures markets have posted good gains in recent weeks, after touching contract lows at the end of January. With improvements of 80 cents to a dollar per bushel off of the lows for Minneapolis, Kansas City and Chicago futures, wheat is now in neutral territory from both a […] Read more
A message from April Stewart, Country Guide's Associate Editor
