Crops , Latest & Featured - Canadian Cattlemen

U.S. grains: Wheat drops to lowest since 2010 on record supply estimate

By Tom Polansek February 9, 2016

Chicago | Reuters –– U.S. wheat futures dropped to their lowest level since 2010 after the U.S. government on Thursday said year-end global supplies would be the biggest in history. Prices crumbled as the U.S. Department of Agriculture’s forecasts for record-large world wheat production and ending stocks fuelled fears about excessive inventories. Concerns about large […] Read more

Crops

Agrium’s forecast disappoints

By Reuters February 9, 2016

Reuters — Canadian fertilizer and ag retailer Agrium has joined rival PotashCorp in forecasting a weaker-than-expected 2016 profit, as prices for crop nutrients remain weak. Agrium’s Toronto-listed shares fell as much as 5.2 per cent to $110.89, its lowest in a year, as investors ignored a better-than-expected quarterly profit. The company, which sells seed, fertilizers […] Read more

(Fertilizer Safety and Security Council)

Crops, Markets

Fertilizer expected to be pricier by springtime

By Dave Sims February 9, 2016

CNS Canada –– Relatively cheap natural gas has helped push down fertilizer prices for Canadian farmers over the past winter, but that should change by springtime. One Manitoba farm leader noted urea fertilizer that went for $545 per tonne last August could now be acquired for $445 per tonne. “Phosphate fertilizer was going for $721 […] Read more

Chipotle, which in 2013 launched the short film “The Scarecrow” as part of a campaign focused on fresh ingredients, shut all its stores Monday for a live-streamed nationwide staff meeting on food safety. (Chipotle Mexican Grill via YouTube)

Crops, Reuters

Chipotle shuts for staff food safety meeting

By siddharth-cavale, Subrat Patnaik February 9, 2016

Reuters — U.S. burrito chain Chipotle Mexican Grill shut its stores for four hours on Monday to hold a nationwide staff meeting, where CEO Steve Ells apologized for E. coli and norovirus outbreaks and laid out the company’s recently developed food safety program. Chipotle also said it would spend about $10 million to help local […] Read more

Crops, Weather

Saskatchewan expects mainly below-normal spring runoff

By Canadian Cattlemen Staff February 9, 2016

Barring any weather surprises, most of Saskatchewan outside of east-central regions can expect below-normal runoff this spring. The province’s Water Security Agency on Tuesday released a preliminary outlook which, based on a “warmer- and drier-than-normal winter” and a resulting snowpack below normal levels, points to below-normal spring runoff. Exceptions include parts of the east-central region, […] Read more

Crops, Markets, Spring Wheat

Prairie spring wheat bids slide lower

By Phil Franz-Warkentin February 8, 2016

CNS Canada –– Cash spring wheat bids across Western Canada moved lower during the week ended Friday, as the firmer Canadian dollar and losses in U.S. wheat futures weighed on values. Average Canada Western Red Spring (CWRS) wheat prices were down by $4-$6 per tonne over the week, according to price quotes from a cross-section […] Read more

Crops, Markets, Reuters

U.S. grains: Soybeans set new 2016 low as rains hit dry Argentina

By Tom Polansek February 8, 2016

Chicago | Reuters — U.S. soybean futures slid to seven-week lows on Monday after weekend rains across major exporter Argentina reduced the likelihood that dry weather would curb yields. Wheat futures dropped to a one-month low and corn dropped to its lowest level in three weeks as losses in other markets, including equities and energy, […] Read more

Crops, Reuters, Soybeans

China clears Xtend soybean variety for import

By Reuters February 7, 2016

Reuters — Monsanto said on Feb. 3 it received import approval from China for its new genetically modified Roundup Ready 2 Xtend soybeans and will sell the seeds in the U.S. and Canada for the 2016 growing season. China, the world’s biggest soybean importer, does not allow imports of new genetically modified crops until they […] Read more

(Stephen Ausmus photo courtesy ARS/USDA)

Crops, Markets, Reuters

U.S. grains: Wheat falls to three-week low

By Justin Madden, Michael Hirtzer February 5, 2016

Chicago | Reuters — U.S. wheat futures slumped for a second session on Friday, anchored by ample global supplies and after top importer Egypt canceled a tender for the second time this week. Corn and soybeans also fell at the Chicago Board of Trade, with all three markets posting a weekly decline ahead of a […] Read more

Crops, Reuters

Mosaic cuts phosphate production

By Reuters February 5, 2016

Reuters –– U.S.-based fertilizer producer Mosaic Co. said Wednesday it would cut output of phosphates by up to 400,000 tonnes with rotating plant shutdowns in the first quarter, due to weak demand. Fertilizer producers have seen profits hit by falling prices, triggered in part by weak currencies in importing countries such as Brazil. “The long-term […] Read more

U.S. livestock: Hog futures hit contract highs on shock herd decline

Alberta Crop Report: Harvest more than three-quarters finished

NFU says proposed plant breeders’ rights come at farmers’ expense

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