Grain farmers face reduced yields due to bad weather.
Grain farmers across southwestern Ontario are facing the prospect of reduced yields this year due to poor weather in June.
The area from just south of Brantford west to the Niagara Region was hit especially hard because of the clay soil that takes longer to dry out.
Horst Bohner with Ontario's agriculture ministry says the soggy spring meant corn was planted two to four weeks late and less was seeded.
He also says some farmers were forced to switch part of their fields to soybeans because by the time their fields dried out -- it was too late to plant corn.
That will result in Ontario having its largest ever soybean acreage of about 2.6 million acres.
Stats Canada's acreage estimates are not an accurate reflection of reality.
That according to Mike Jubinville -- a market analyst with Pro Farmer Canada.
Stats Can says farmers planted a record 19.7 million acres of canola -- up from 16.7 million last year -- and spring wheat was planted on 17.3 million acres.
But Jubinville says markets dropped as a result of the larger than expected supply numbers -- and some acres counted as seeded may have to be subtracted.
Manitoba has announced 194 million dollars in aid for flood stricken farmers.
That's almost four times what was spent last year on a federal provincial recovery program.
Farmers will receive 30 dollars for each unseeded or flooded-out acre.
The federal government has yet to sign onto the details of the program this year -- but officials in Manitoba are confident that will take place soon.
Cargill is building a new grain terminal in McLennan, Alberta.
It is set to open in the fall of 2012.
The 28 thousand tonne facility will double Cargill's grain handling capacity in the area.
Pope Benedict says access to food is a basic human right that must be guaranteed.
The Pope denounced speculation in commodities markets and demanded a global response to high food prices in a speech to the U-N Food and Agriculture Organization.
Benedict says it's urgent to develop economic models that aren't just based on profit but take into account the "human dimension.''