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Nutrien’s head office building in Saskatoon. (Liam O’Connor photo)
Crops, Markets, Reuters

Nutrien misses quarterly profit estimates as potash prices plummet

Fertilizer demand expected to rise in Q4

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Reuters — Nutrien fell short of analysts’ estimates for third-quarter profit on Wednesday, as lower potash prices weighed on the world’s biggest fertilizer producer. Potash prices have been falling after shipments from Belarus and Russia resumed. These exports had been significantly restricted last year following Western sanctions imposed on Russia in response to its invasion […] Read more
(Romaset/iStock/Getty Images)
Crops, Machinery, Markets

Canada’s combine sales up in April

Small tractor sales drag on total retail movement

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Retail sales of combines in both Canada and the U.S. showed a marked increase in April this year while the market for sub-compact tractors continues to soften, new data shows. The count for April 2023 from the Association of Equipment Manufacturers (AEM) puts self-propelled combine sales in Canada at 166, up 50.9 per cent from […] Read more
(Dave Bedard photo)
General, Markets

Food sales grew but margins tightened in 2022, FCC says

Modest further growth expected this year

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Food and beverages sales increased in Canada last year, even as margins hit an historic low and consumers chose Canadian less. According to the latest FCC Food and Beverage Report, released Tuesday, sales increased 11 per cent to $156 billion in 2022. These gains came largely from higher export values and strength in the grain […] Read more
File photo of grain bins in Saskatchewan. (Chinaface/iStock/Getty Images)
General, Machinery, Markets

Over half Canada’s farm revenue now goes to biggest farms, census finds

More women operators, more sustainable practices, more growing under glass

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While it shouldn’t surprise anyone that the number of larger farms by sales in Canada is rising and the number of smaller farms is declining, Canada’s newest ag census also shows larger farm classes now capturing the majority of total ag revenue. Statistics Canada on Wednesday began releasing data from its 2021 Census of Agriculture, […] Read more
The 2022 Chevrolet Silverado ZR2. (Media.chevrolet.com)
General, Machinery, Reuters

GM’s pickup money machine gets a technology tuneup

Silverado ZR2 to appeal to extreme off-roading segment

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Detroit | Reuters — General Motors will give its best-selling Chevrolet Silverado large pickup truck models a makeover next spring to fix competitive shortcomings that have left Chevy in third place in one of the most lucrative vehicle market segments in the world. Catching up with rival trucks from Stellantis NV and Ford Motor Co., […] Read more
File photo of a steak sandwich with chimichurri sauce at a street food market in Buenos Aires. (Aleksandr_Vorobev/iStock/Getty Images)
Beef Cattle, Livestock, Markets, Reuters

Argentina extends beef export cap, stoking farm tensions

Move seen as 'giving markets to other countries'

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Buenos Aires | Reuters — Argentina extended beef export restrictions until the end of October on Tuesday, stoking tensions with the powerful farm sector as the government seeks to bolster domestic meat supply to help contain rising food prices. The move comes months before key mid-term elections, with centre-left President Alberto Fernandez keen to avoid […] Read more
Grain storage at a Russian seaport. (Pridannikov/iStock/Getty Images)
Crops, Markets, Reuters, Spring Wheat, Winter Wheat

Tax, competition expected to prolong Russian wheat export season

Tax complicates forward sales for exporters

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Moscow | Reuters — Exports of Russian wheat will stretch well into the second half of the season as Moscow’s export tax and tough competition with Ukraine and Romania slow sales until the end of 2021, traders and analysts said. Russia, the world’s largest exporter of wheat, generally sells most of its crop during the […] Read more
(CervusEquipment.com)
Crops, Machinery

Brandt to buy Deere dealership chain Cervus

Regina firm to pay $302 million in all-cash deal

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The world’s biggest privately-owned chain of Deere construction and forestry equipment dealerships is set to expand its reach into Deere farm equipment in a major way. Brandt Tractor, the equipment sales arm of the Regina-based Brandt Group, on Monday announced an agreement to buy all of publicly-traded Cervus Equipment Corp. for $19.50 a share, valuing […] Read more
(Photo courtesy Canada Beef Inc.)
Finishers, Livestock, Markets

Klassen: Feeder market heating up

Volumes thin with auction barns in holiday mode

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Compared to last week, western Canadian yearling steers traded $3-$4 higher while yearling heifers were steady to $2 higher. Mid-weight calves or young yearlings from 600 to 800 lbs. were $3-$5 higher on average. Calves under 600 lbs. were relatively unchanged. Favourable rains across the Prairies have enhanced crop prospects for barley and wheat. April […] Read more
Nutrien’s potash facility at Vanscoy, Sask. (Nutrien.com)
Crops, Reuters

Nutrien to boost potash output on global demand

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Reuters — Fertilizer company Nutrien said Monday it expects to increase potash production by about half a million tonnes in the second half of the year compared to earlier expectations, due to strong global demand. As crop prices rise, farmers have greater incentive to use fertilizer and maximize yields, boosting potash demand and spurring a […] Read more

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