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Crops, General

Grain industry reacts to CGC’s insurance-based security scheme

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Reading Time: 3 minutes Response to the Canadian Grain Commission’s (CGC) proposal to replace its current producer security program with an insurance scheme is mostly positive. But support is contingent on the new program being cheaper than the current one — something the CGC says will be the case, even though no figures have been released yet. Keystone Agricultural […] Read more
Crops, General

CN reports bigger profit, announces stock split

Reading Time: < 1 minute Canadian National Railway Co , the focus of scrutiny after one of its trains derailed and caught fire last weekend, reported a bigger third-quarter profit on Tuesday and announced a two-for-one stock split and share buyback plan. The country’s largest rail operator said net income rose to C$705 million ($685 million), or C$1.67 per share, […] Read more
General, Livestock

Maple Leaf Foods explores sale Of Canada Bread stake

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Reading Time: 2 minutes Maple Leaf Foods said on Monday it may sell its controlling stake in Canada Bread Company as it determines whether to exit the bakery business and focus on meat products. Toronto-based Maple Leaf said it has recently completed a comprehensive review of opportunities to accelerate profitable growth across its bakery business. But before committing resources, […] Read more
General, Markets

U.S. cancels October crop report, first miss in decades

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Reading Time: 2 minutes The U.S. government on Thursday canceled its monthly crop report for the first time ever, and said it will not estimate U.S. or world crop production until early November. Cancellation of the October report means the first harvest-time estimate of U.S. crops will be Nov. 8. The production report and companion data on crops worldwide […] Read more
General, Markets

EU, Canada near trade pact after breaking impasse

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Reading Time: 3 minutes The European Union and Canada are expected to close negotiations on a multi-billion-dollar trade deal on Friday that will integrate two of the world’s biggest economies — if they can overcome final disagreements ranging from medicine patents to feta cheese. Canada’s Prime Minister Stephen Harper and European Commission President Jose Manuel Barroso will meet at […] Read more
General, Markets

U.S. Farm Bill negotiators may begin work next week

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Reading Time: 2 minutes U.S. House and Senate negotiators could meet for the first time next week to work on a new US$500 billion Farm Bill, more than a year past due and repeatedly delayed by House Republican plans for steep cuts in food stamps for the poor. The bill is also expected to cut funding for conservation programs […] Read more
(Dave Bedard photo)
General

CFIA’s shift to Health Canada oversight begins

Reading Time: 2 minutes Canada’s government has kicked off a transition plan to shift the Canadian Food Inspection Agency’s food safety work to the oversight of the federal health ministry. The reorganization, the government announced Wednesday, “will strengthen Canada’s food safety system by bringing all three authorities responsible for food safety under one minister” — which today is federal […] Read more
General, Markets

Expect more market volatility from U.S. shutdown

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Reading Time: 4 minutes Without the ballast of U.S. government data to keep them grounded, crop and livestock markets are expected only to become even more volatile for as long as the U.S. government shutdown lingers. Coping with that added volatility is therefore “a matter of making sure you have a marketing plan in place” and sticking to it, […] Read more
General, Markets

With U.S. government shut, private data providers step in

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Reading Time: 4 minutes When the U.S. Department of Agriculture went dark this week due to the partial government shutdown, phones lit up at commodities firm Urner Barry. USDA typically provides quotes on beef, pork and chicken prices, but 156-year-old New Jersey-based Urner Barry quickly became the go-to source for livestock traders searching for market quotes. “It’s certainly been […] Read more
General, Markets

Kemp: Commodity markets will go dark if U.S. shutdown continues

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Reading Time: 2 minutes If the U.S. government shutdown continues for more than a few days, commodity markets will find themselves flying blind, as the public servants responsible for producing statistics on which traders and investors rely are sent home. The Commodity Futures Trading Commission (CFTC) said Tuesday it will not publish the commitments of traders and other market […] Read more

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