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Canola

Luc Jobin. (CN.ca)
Crops, Machinery

CN promotes CFO as CEO resigns

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Canadian National Railway’s (CN) chief financial officer Luc Jobin will become its chief executive on July 1, as incumbent CEO Claude Mongeau steps down for health reasons. Mongeau announced Tuesday he will resign as CN’s CEO at the end of June, after leading the railway company for six and a half years. “I was filled […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Soybeans

Market analysts watch for surging soybeans to peak

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CNS Canada — As soybeans climb the charts and help float other commodities such as canola, one market watcher says the prime selling opportunity for farmers could pass soon, as bearish factors come into play. The president of Calgary-based ProMarket Communications, Errol Anderson, said large funds are the main force that has lifted Chicago soybeans […] Read more
(Dave Bedard photo)
Crops, Reuters

Germany to abstain in EU glyphosate vote next week

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Berlin | Reuters — Germany will abstain in a European Union vote next week on the continued use of glyphosate in herbicides, because ministries run by different parties remain at odds over the chemical which some experts say could be carcinogenic. Contradictory findings on the carcinogenic risks of glyphosate have thrust the chemical into the […] Read more
(Bayer.com)
Crops, Reuters

Bayer secures loan facility to fund Monsanto bid

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Reuters — German drugs and crop chemicals group Bayer, which has made a US$62 billion bid for U.S. seeds company Monsanto, has secured a 60 billion-euro (C$87.75 billion, or US$66.9 billion) loan facility, business journal Handelsblatt reported Thursday. The loan facility can be expanded up to 75 billion euros (C$109.68 billion, or US$83.62 billion), the German […] Read more
(Dave Bedard photo)
Canola, Crops, Markets

ICE weekly outlook: Canola prices winding down

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CNS Canada — ICE Futures Canada canola markets were mixed in the week ended Wednesday, and as grower interest in selling ramps up, prices are likely to edge down. “Canola has been pushed up to some moderately high levels, and it’s been justified in being up there,” said Ken Ball of PI Financial Corp. “But […] Read more
Cleavers, in seedling form. (Photo courtesy Canola Council of Canada)
Canola, Crops, Markets

Cleavers not threatening exports, Canola Council says

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CNS Canada — Suggestions that canola shipments to China could be in jeopardy because of concerns over herbicide-resistant weeds are being refuted by the Canola Council of Canada. Great Northern Growers Inc., an agriculture service business in Saskatoon that sells herbicides and other products, said it has heard China doesn’t want pesticide-resistant weeds coming into […] Read more
(Dave Bedard photo)
Crops

Saskatchewan names new deputy ag minister

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A promotion for Saskatchewan’s deputy minister of agriculture leads to a promotion for one of the ministry’s assistant deputies. Doug Moen, who’s leaving his post as deputy minister to Premier Brad Wall at the end of June, on Friday announced Rick Burton as the province’s new deputy minister of agriculture, effective July 1. As the […] Read more

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