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Canola in swath near Starbuck, Man. on Aug. 10, 2019. (MarketsFarm photo by Glen Hallick)
Crops, Markets, Weather

StatsCan report puts canola production at lowest since 2015

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MarketsFarm — Data from Statistics Canada’s production of principal field crops report, released Friday morning, will likely be supportive of canola values, put pressure on barley, and keep wheat prices steady. In the report, canola production across Canada decreased by 8.3 per cent nationally to 18.6 million tonnes, compared to 2018 production volumes. The decreased […] Read more
Covantis developers said they met with industry stakeholders in Brazil in October to discuss how their system would apply in soybean traffic between Brazil and China. (Covantis.io)
Crops, Markets

Major grain traders’ e-transaction platform gets name

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The blockchain-based global commodity transaction platform being developed by six of the world’s biggest agrifood firms is moving ahead with a new name and project leader. The six companies — ADM, Bunge, Cargill, Louis Dreyfus, Cofco and Glencore Agriculture — announced Wednesday the project will be named Covantis, and have hired former ADM executive Stefano […] Read more
CBOT January 2020 soybeans (candlesticks) with January 2020 soymeal (yellow line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Soy futures follow rally in soymeal

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Chicago | Reuters — U.S. soybean futures rose on Thursday for the third straight day, led higher by strength in the soymeal market stemming from news that an Argentine soy crusher was experiencing financial stress, traders said. Corn futures ended lower after trading close to unchanged for much of the day, while wheat dropped on […] Read more
Martyn Donnelly, regional manager, livestock production, Atlantic Canada; Judy Cairns, accounting manager, finance; and David Ross, sales manager, livestock production (l-r) mark the rebranding of their division as Sollio Agriculture outside their Moncton office. (Photo courtesy Sollio Agriculture)
Crops

Atlantic Farm Services takes sister firm’s new name

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Corrected, Dec. 6, 2019 — The former ag retail distribution and feed milling businesses of Co-op Atlantic are set to take the new name of their sister company. Sollio Agriculture, the agribusiness arm of Quebec-based La Coop federee, announced Monday its Atlantic Farm Services business is officially rebranding with the Sollio Agriculture trademark, which La […] Read more
ICE Futures January 2020 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Canola steady, awaits news

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MarketsFarm — ICE Futures canola contracts moved lower during the week ended Wednesday, but remain rangebound overall awaiting some fresh market-moving news. Some direction could come from the U.S. soybean complex, as the ongoing back-and-forth of trade talks with China could see some actual movement ahead of a Dec. 15 deadline that will see the […] Read more
(Medioimages/Photodisc/Getty Images)
Crops, Markets

CBOT weekly outlook: Headlines, geopolitics drive prices

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MarketsFarm — To Terry Reilly, about the only things driving the Chicago Board of Trade (CBOT) are headlines and geopolitics developments. “Traders are trading headlines,” Reilly, an analyst for Futures International in Chicago, said in reference to the latest developments in U.S.-China trade talks. Reports on Wednesday morning said the two countries were close to […] Read more
(Dave Bedard photo)
Crops, Markets

Trade’s crop estimates vary ahead of StatsCan report

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MarketsFarm — Barley and canola production expectations vary ahead of Statistics Canada’s production of principal field crops report, due out Friday. In September, the federal agency estimated Canada’s barley production to total just less than 10 million tonnes, two million higher than the final count for the 2018-19 growing year. However, some trade estimates are […] Read more
Neil Townsend (left) of FarmLink and Jason Newton of Nutrien discuss farm consolidation at the Grain World conference in Saskatoon on Nov. 28, 2019. (MarketsFarm photo by Glen Hallick)
Crops

Grain World: Farm consolidation key to increasing yields

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Saskatoon | MarketsFarm — Consolidating farms — going from numerous small operations to fewer, but much larger, farms — is central to improving crop yields, according to grain industry observers Neil Townsend and Jason Newton. Townsend is the chief market analyst for FarmLink Marketing Solutions, while Newton is the chief economist and head of marketing […] Read more

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