Washington | Reuters – The U.S. Supreme Court on Monday rejected another Bayer AG BAYGn.DE bid to dismiss litigation alleging that its Roundup weedkiller causes cancer as the German pharmaceutical and chemical giant tries to avoid potentially billions of dollars in damages. The justices turned away a Bayer appeal and left in place a lower […] Read more
U.S. Supreme Court again nixes Bayer challenge to weedkiller suits
Argentina’s Bioceres says GMO wheat gets OK from U.S. FDA
London/Chicago | Reuters – The U.S. Food and Drug Administration concluded a review of Argentine biotechnology firm Bioceres’ BIOX.BA genetically modified (GMO) wheat without further questions, a “key step” to commercializing it in the United States, the company said on Monday. While corn and soy crops used predominantly to feed livestock are commonly planted with […] Read more
Ceres pulls plans for Saskatchewan canola crush plant
U.S. company suspends project citing higher-than-projected costs
U.S. ag commodities firm Ceres Global Ag’s plans for a canola crush plant in southeastern Saskatchewan are now on indefinite hold. Minneapolis-based Ceres said Friday it’s suspending the crush project it announced in May last year and will terminate a related equipment design and supply contract, so as to reduce “project-related contract liabilities.” The proposed […] Read more
Cash advances’ interest-free portion temporarily raised
APP funds now interest-free for first $250K
The federal government’s low-interest loan guarantee program for Canadian farmers will sweeten the interest-free portion of its offer for the next two program years to help with farm cash flow. Agriculture Minister Marie-Claude Bibeau on Thursday announced a temporary increase in the interest-free portion of the Advance Payments Program to $250,000, up from the usual […] Read more
U.S. grains: Soybean, corn futures rise on bargain buying; wheat falls
Chicago | Reuters – U.S. soybean futures rose on Friday, snapping a streak of four negative sessions, on a round of bargain buying and short covering, traders said. “Prices appear to have stabilized at current levels,” Tomm Pfitzenmaier, analyst for Summit Commodity Brokerage, said in a note to clients. “Traders that sold all week will […] Read more
U.S. livestock: Hog futures rise as traders cover short positions
Chicago | Reuters – CME Group hog futures firmed on Friday as traders covered short positions after prices fell 5.6 percent over the last two sessions, though demand concerns capped gains. A U.S. Department of Agriculture (USDA) report showed that pork export sales in the week ended June 16 totalled 27,600 tonnes, unchanged from a week earlier. […] Read more
Speculators bail out of long positions in canola
MarketsFarm – Speculators continued to bail out of long positions in the ICE Futures canola market during the week ended June 21, according to the latest Commitment of Traders (CoT) report compiled by the United States Commodity Futures Trading Commission (CFTC). The net managed money long position in ICE Futures canola came in at 25,117 […] Read more
Alberta crops improve with rain
MarketsFarm – Drought conditions that devastated crops in Alberta last year and were poised to do the same this year are becoming something in the past, according to the province’s latest crop report. Recent rainfall has been wiping out any notion of drought in 2022 as soil moisture conditions continued to improve across the province. […] Read more
Learning from McCain’s regenerative farming practices
Potato processing giant aims to 'de-risk' practices for growers
In 2021 McCain said it was going to launch three regenerative potato farming operations by 2025 and would label them “Farms of the Future.” The first, just outside of Florenceville-Bristol, N.B., now offers data to reflect on the effectiveness of the practices at the potato farm after its first fully operational season. “If we don’t […] Read more
U.S. grains: Corn, soybeans, wheat plunge as economic worries rise
Chicago | Reuters – U.S. corn, wheat and soybean futures plummeted on Thursday, as investor fears of an economic downturn and improved sentiment over U.S. crops shifted attention from war disruption to Black Sea exports. Wheat futures Wv1 sank to their lowest level since March 1, soybeans Sv1 hit their lowest since May 11 and corn Cv1 hit its lowest since […] Read more
Canadian Cattlemen Presents: Depth of Field
