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Across Canada in a farmhouse: Edmonton to New Norway

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Reading Time: 3 minutes The Edmonton area provided more content than we had originally bargained for. Toward the end of our previous entry, we referred to land-use battles between citizen groups and the municipality. Well, after some digging around we soon found folks willing to tell us (albeit not on camera) some startling personal stories about ongoing battles for […] Read more
Crops, General, Weather

Manitoba crop report – yields vary with precipitation

Reading Time: < 1 minute Manitoba Agriculture has issued its weekly crop report, crop production update and crop weather report for Aug. 13. Full text of each is available alongside. Weekly provincial summary • Winter wheat harvest is nearing completion in Manitoba with yields generally range from 50 to 80 bushels per acre with average to above-average quality. • Harvest […] Read more
General, Weather

El Nino emerges, raising fears over food prices

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Reading Time: 4 minutes An El Nino weather pattern is underway and will last until winter, Japan said on Friday, foreshadowing disruptive conditions that could harm crops from Australia to India at a time of rising fears about global food supplies. Corn prices have surged more than 60 per cent in the past two months as the United States […] Read more
General, Markets

Cargill posts worst quarter since 1991

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Reading Time: 4 minutes Cargill Inc. said Thursday its quarterly earnings fell 82 per cent in the giant U.S. agribusiness firm’s worst quarter in more than 20 years, hurt by volatile commodity markets and weak margins in key areas such as beef and oilseeds. Full-year results were also seen as disappointing, as both sales and profits from the company’s […] Read more
General, Markets

Major German bank pulls ag from fund on food fears

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Reading Time: 3 minutes Germany’s Commerzbank has removed agricultural products from a commodity index fund after accusations that speculation has pushed up food prices and fuelled unrest in some poor countries. Commerzbank followed at least two other German banks in restricting investments in agriculture, while most banks and fund managers have defended investment in commodities, saying that price jumps […] Read more
General

Across Canada in a farmhouse: Camrose to Edmonton

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Reading Time: 3 minutes We’ve made our way north and west out of Camrose, Alta. to spend a few days in the "City of Champions:" Edmonton. We’ve camped in a nice little spot just north of Camrose where we had a chance to chat with some fellow campers who are also farmers. One fellow from east of Camrose spoke […] Read more
General, Markets, Weather

USDA supply/demand report could fuel food inflation

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Reading Time: 4 minutes The U.S. government is expected this week to slash another 15 per cent off its estimate of this year’s drought-decimated corn crop, likely adding to growing angst in nations like China and India that are fighting to tamp down inflation. In its first report based on surveys of parched Midwest fields, the U.S. Department of […] Read more
General

Across Canada in a farmhouse: Regina to Camrose

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Reading Time: 3 minutes Now, you can’t make it out of Regina without having some contact with the Canadian Football League. This is Roughrider country, and you sure can’t miss it! So, before heading north out of Regina we decided to take a rare day off and see about attending a football game; Hamilton was in town. As luck […] Read more
Crops, General, Markets

Markets end three-day fall after jobs data

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Reading Time: 2 minutes U.S. grain and soybean futures ended a three-day slide on Friday as better-than expected U.S. jobs data helped markets recover their appetite for risk. Agricultural markets felt spillover support from strong gains in crude oil and equities, with a weak dollar helping to feed the bull market sentiment. The dollar fell to a one-month low […] Read more

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