By Alice McFarlane

Agriculture Roundup for Friday February 19, 2021

Feb 19, 2021 | 10:01 AM

MELFORT, Sask. – Global wheat prices increased again last week on rising global consumption and lower stocks.

The latest Sask. Wheat market report indicated Canada and the United States have been exporting larger volumes due to lower ending stocks.

Canadian wheat exports were at 481,000 tonnes bringing the crop year total to 10.6 million tonnes which is 30 per cent higher than last year.

The report, compiled by Mercantile Consulting Venture, said wheat is selling for $8.00 per bushel while new crop wheat is priced at roughly $7.75 per bushel.

The report also indicated there are a lot of uncertainties in the market.

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4-H Canada and BASF Canada Agricultural Solutions (BASF) will continue their partnership to help youth to make positive contributions to their communities.

BASF will provide $600,000 for the 4-H Canada Community Engagement and Communications Pillar for programming at both the national and provincial level.

BASF vice president Jonathan Sweat said the hope is to engage more 4-H youth in building their skills.

“Throughout the first year of our partnership with 4-H Canada, we were constantly inspired by Canada’s youth and their drive to take action and inspire change within their local communities,” Sweat said in a media release.

The program will be funded through 2023.

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Nutrien Ltd. said the fertilizer company will continue to grow organically as well as through acquisitions as it increases its dividend and launches a new share buyback program.

CEO Chuck Magro said Nutrien is poised to ride a continuing cyclical recovery in agriculture in 2021 that will be marked by higher fertilizer prices and volumes as well as the implementation of new technologies and products for its farm customers around the world.

The Saskatoon-based company, which reports in U.S. dollars, noted net earnings of US$316 million or 55 cents per share on sales of $4.05 billion in the fourth quarter, compared with a loss of $48 million or eight cents on sales of $3.46 billion in the same period a year ago.

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alice.mcfarlane@jpbg.ca

On Twitter: @AliceMcF