GFM Network News


K+S considering sale of stakes in potash, salt businesses

Frankfurt | Reuters — German potash and salt miner K+S said it was looking into selling stakes in its North American businesses because an ongoing cost cutting push would not yield enough savings to reach its debt reduction target. A company spokesman said K+S was considering selling a stake in its Bethune, Sask. potash mine […] Read more



StatsCan shows corn, soy output down across board

Despite increases in Ontario’s harvested acres for both soybeans and corn, the province’s production of both crops in 2019 followed the rest of Canada’s lower in Statistics Canada’s latest estimates. StatsCan’s November estimates for production of principal field crops, released Friday, dropped Canada’s production of soybeans to six million tonnes, down 18.5 per cent from […] Read more

Some Saskatchewan crops may stay on fields over winter

A harvest season bereft of good weather will result in some crops staying in the field until springtime. The exact percentage of unharvested crops, however, remains uncertain. “Some of the heaviest snowfall has fallen in the regions where most of the crop was left out,” commented Todd Lewis, president of Agricultural Producers Association of Saskatchewan. […] Read more


BHP sets early 2021 for decision on Jansen potash project

Melbourne | Reuters — BHP Group Ltd., the world’s biggest miner, said on Thursday it will make a final investment decision on its long-delayed $17 billion Jansen potash project in Saskatchewan around February 2021. Investors have been awaiting a decision by BHP on whether to go ahead with project, which would be its most significant […] Read more

ICE weekly outlook: Canola values stay rangebound

MarketsFarm — One canola trader wouldn’t go so far as to calling the canola market lifeless, but it has remained rangebound for most of the week. That’s mainly due to pressure from harvest activity, which has carried on at an impressive pace on the Canadian Prairies despite being mired with difficult weather conditions. “I’ve talked […] Read more


Mosaic to further curb Saskatchewan potash output

Fertilizer firm Mosaic Co. is dialing back production at another of its potash mines in eastern Saskatchewan as its potash inventories rise. Minnesota-based Mosaic Co. said Thursday it will “temporarily curtail” potash production at its Esterhazy mine, bringing the company’s total production curtailments up to 600,000 tonnes. The added curtailment, the company said, is based […] Read more

Late North American durum faces quality downgrades

MarketsFarm — Cool and wet conditions delaying harvest operations across North America’s durum-growing regions are cutting into the quality of the crop in both the U.S. and Canada, with widening price spreads likely going forward. “It’s been a challenging harvest,” said Erica Olson, marketing specialist with the North Dakota Wheat Commission. “We did have some […] Read more


Klassen: Adverse weather tempers feeder market

Compared to last week, western Canadian feeder cattle markets traded $3-$5 lower. Excessive snow in Alberta and ongoing rains across Manitoba and Saskatchewan set a negative tone. The market appeared to incorporate a risk discount, although many auction barns had limited numbers on offer. Buyers once again focused on local cattle and avoided transportation over […] Read more

New financing option available for Sask. livestock producers

SK Livestock Finance Co-operative replaces province's Livestock Loan Guarantee Program

Sept. 24 saw the official launch of the SK Livestock Finance Co-operative Ltd. (SKLF). This new member-based co-operative is owned by Saskatchewan livestock producers and provides innovative, affordable and competitive financing options for cattle and bison producers across the province of Saskatchewan. “We are very excited to be in a position to officially launch this […] Read more