Ottawa | Reuters — Recreational marijuana in Canada will only go on sale a few months after it is legalized later this year because the new retail system needs time to start working properly, Health Minister Ginette Petitpas Taylor said Tuesday. The Liberal government says the new law must be in place by July 1 […] Read more
Marijuana can only go on sale months after federal law passes
Alberta halts B.C. wine purchases in pipeline feud
Reuters — Alberta struck back at neighbouring British Columbia on Tuesday, halting purchases of that province’s wines in retaliation for its potentially holding up expansion of a crude pipeline. B.C. proposed rules last week to temporarily block increased oil shipments through the province, adding another hurdle to Kinder Morgan Canada’s planned $7.4 billion Trans Mountain […] Read more
U.S. livestock: CME hogs slump on technical selloff
Chicago | Reuters — Chicago Mercantile Exchange lean hogs closed lower on Tuesday in the wake of technical selling that largely overshadowed bullish market fundamentals, said traders. U.S. stock market volatility, after their worst ever daily point loss on Monday, kept CME livestock market traders on the defensive. Some funds that bailed out of stocks […] Read more
Nutrien sees demand growth cooling, margins shrinking
Reuters — Nutrien, the Canadian fertilizer and farm supply dealer created from the merger of Agrium and PotashCorp this year, said it expected demand growth for potash in China and India to cool down in 2018. Nutrien, the world’s biggest fertilizer company by capacity, also said higher input costs would shrink nitrogen and phosphate margins. […] Read more
U.S. livestock: Stocks, profit-taking hit CME live cattle
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures on Monday finished lower for the first time in three session due to profit-taking and continued heavy stock market losses, said traders. “People were just watching what happened with stocks over the past few days and decided they wanted out of everything and figure it […] Read more
ADM in talks to buy Bunge as early as this week
Reuters — Top U.S. grains merchant Archer Daniels Midland could reach an agreement to buy smaller rival Bunge as early as this week, Bloomberg reported on Monday, citing unnamed sources familiar with the matter. The potential deal comes as large grain traders that make money by buying, selling, storing and shipping commodity crops have struggled […] Read more
Ontario pot firm Aphria selling U.S. stake
Reuters — Ontario marijuana company Aphria said on Friday it agreed to sell its minority stake in U.S.-based Copperstate Farms to Liberty Health Sciences for $20 million. Boards of Aphria and Liberty have unanimously approved the deal, which is expected to close in the second quarter. Aphria has been looking to hive off its business […] Read more
At least two killed in potato farmer protests in Peru
Lima | Reuters — At least two people have been killed in clashes at protests by potato farmers across the Peruvian Andes, police said on Thursday, as demonstrators demanded the government make good on promises to buy excess potatoes after a sharp price drop. Thousands of farmers took part in the protests on Wednesday and […] Read more
Cannabis firm Aphria mulls sale of U.S. unit
Reuters — Canadian cannabis company Aphria said Thursday it was exploring “strategic alternatives,” including a sale, for its U.S. business, amid tightening enforcement of federal cannabis laws in the country. Earlier this year, the U.S. Department of Justice revoked an Obama administration policy that discouraged federal prosecutors from pursuing marijuana-related crimes in states that had […] Read more
Southern Plains drought slows U.S. cattle herd growth
Chicago | Reuters — Encroaching drought in the U.S. southern Plains contributed to the smallest rise in the nation’s cattle population in three years, analysts said after the government’s semi-annual cattle inventory report on Wednesday. Insufficient moisture in parts of Texas and Oklahoma, along with areas of persistent dryness in the northern Plains, hurt winter […] Read more
Canadian Cattlemen Presents: Depth of Field
