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Potato ‘fields’ clarified for cross-border trade

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tagged APHIS CFIA field PCN potato potato cyst nematode seed potato
Canadian and U.S. food inspectors have agreed on what they mean by a "field" in any restrictions they place on potato trade on account of potato cyst nematodes. The Canadian Food Inspection Agency (CFIA) and U.S. Department of Agriculture's Animal and Plant Health Inspection Service (APHIS) on Tuesday announced new revisions to their Guidelines on Surveillance and Phytosanitary Actions for the Potato Cyst Nematodes. The changes follow requests from potato industry…
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Regulators clear path for Westeel takeover

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tagged Ag Growth Buhler Competition Bureau Grain Guard kingspan Twister Vicwest westeel
Federal competition watchdogs have cleared the path for grain handling equipment maker Ag Growth International to close its deal for bin manufacturer Westeel. AGI announced it had completed its deal to buy its fellow Winnipeg-based manufacturing firm for $221.5 million on Wednesday -- after announcing the Competition Bureau of Canada would allow the deal on which the Westeel sale hinged. The deal, first…
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Canola crush margins deteriorating

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tagged canola crush capacity crush margins ICE Futures Canada
CNS Canada -- Canadian canola crush margins continue to drift lower and currently find themselves at some of their worst levels in over a year. Declining demand for canola oil, together with the fact that a lack of farmer selling is forcing processors to pay up to bring in canola seed, was behind some of the weakness in crush margins, according to a trader. Crush margins provide an indication of the profitability of the product values relative to the seed cost when processing…
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Dawson: Moisture may trigger more Man. crop claims than frost

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tagged crop damage excess moisture frost manitoba May long weekend reseeding seeding Victoria Day
Excessive moisture in Manitoba from the Victoria Day long weekend might result in more crop insurance claims than frost. "From our perspective the amount of rain and snow that came with this storm is probably as big a concern as the frost itself," David Van Deynze, Manitoba Agricultural Services Corp.'s manager of claim services, said Wednesday. "We got some areas, especially in southwest Manitoba, that got between two and four inches of rain, and that is really going to hamper their…
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PotashCorp evaluating SQM, ICL stakes

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tagged Arab Potash Co. ICL PotashCorp Sinofert SQM
New York | Reuters -- PotashCorp CEO Jochen Tilk said Thursday he views the company's stakes in fertilizer companies Sinofert and Arab Potash Co. as "strategic," but continues to review whether to keep its shares in ICL and SQM. Tilk, speaking at a BMO investor conference in New York, said if Saskatoon-based PotashCorp could not build on its SQM and ICL minority stakes, it will consider whether it should keep them. PotashCorp has control over how Jordan's Arab Potash Co. markets…
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U.S. grains: Wheat jumps on global weather worries, corn follows

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tagged cbot corn futures soybean futures wheat futures
Chicago | Reuters -- U.S. wheat futures rose more than one per cent on Thursday, lifted by worries that U.S. rains could reduce grain quality and that dry conditions in Russia and Canada would stress crops. Chicago Board of Trade corn futures also jumped, rising in sympathy with wheat, while soybeans were nearly unchanged, anchored by huge global stockpiles as Brazilian analyst Agroconsult raised its estimate for the current harvest there to a new record of 96.1 million…
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U.S. livestock: CME live cattle, hogs climb on short-covering

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tagged cattle futures CME hog futures
Chicago | Reuters -- Chicago Mercantile Exchange live cattle closed higher on Thursday on short-covering and futures' discounts to cash prices, traders said. June closed up 1.025 cents per pound, to 152.375 cents, and August was 1.175 cents higher at 150.9 cents (all figures US$). This week, the bulk of market-ready (cash) cattle in the U.S. Plains fetched $159 to $161 per hundredweight (cwt), steady to $2 lower than last week, feedlots sources said. Packers who shored up…
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U.S. grain firm Andersons not interested in being bought

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tagged acquisitions Andersons Richardson International
New York | Reuters -- U.S. grain handler Andersons Inc. is not interested in being acquired, CEO Mike Anderson said on Thursday after Richardson International expressed interest in a takeover. Richardson, one of Canada's largest grain handlers, last week said it was interested in Andersons as part of a push to expand in the U.S. "Our strategy does not include selling today," Anderson, the…
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Fast-track trade legislation passes U.S. Senate hurdle

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tagged fast-track House of Representatives Senate TPP Trans-Pacific Partnership
Washington | Reuters -- U.S. President Barack Obama's signature Asian trade push cleared another hurdle in the U.S. Senate on Thursday after a knife-edge vote moved the White House closer to gaining the power to speed trade deals through Congress. Senators voted 62-38 to give Obama a major victory and set up a speedy decision on the "fast-track" trade negotiating authority the president needs to complete the Trans-Pacific Partnership (TPP) trade deal. TPP is seen as central to U.S.…
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