Prominent cattle industry figure dies

John Vander Heyden, a well-known figure in southern Alberta’s feedlot industry, died Feb. 12 at the age of 85. Born in Gemert, Netherlands, Vander Heyden moved to Canada in 1957 and settled near Picture Butte, Alta. He and his wife raised six children while establishing and operating Vander Heyden Ranches Ltd. That initial operation remains […] Read more

Commodities, canola hold on

Canola held on to most of the gains made earlier in the week, riding the tails of the bigger commodities, especially soybeans. But, a rising Loonie took some rungs off the ladder at the end of today’s trading. Wheat was not so lucky, as its rise was punched down with some profit-taking removing some dough […] Read more

Bunge selling sugar operations; focus on grains, agribusiness

CHICAGO (Reuters) – Bunge Ltd. said on Wednesday it is in the process of exiting the global sugar trading business in order to concentrate on its core grains and agriculture operations, after reporting a fourth-quarter loss. White Plains, N.Y.-based Bunge has previously said it was looking at options to divest from its sugar unit, which […] Read more

Canola mixed at close

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts were narrowly mixed at Tuesday’s close, backing away from earlier gains in the final minutes of trade. Gains in Chicago Board of Trade soybeans and soymeal futures provided spillover support for most of the day. Declining production prospects out of Argentina were especially supportive for CBOT […] Read more

Canada, U.S. exchange barbs over NAFTA talks as stresses

OTTAWA (Reuters) – Canada and the United States exchanged barbs on Tuesday over sluggish negotiations to update NAFTA, reflecting mounting tensions over trade talks that appear unlikely to conclude on schedule.   The talks have effectively stalled as Canada and Mexico seek to address wide-ranging U.S. demands for changes to the North American Free Trade […] Read more

South Africa declares drought a national disaster

JOHANNESBURG (Reuters) – South Africa has declared a national disaster over the drought afflicting southern and western regions including Cape Town, though the city pushed back its “Day Zero”, the day the city’s taps will run dry.   The flow of running water in the port city of four million has been affected by a […] Read more

Canada to face U.S. trade problems even if NAFTA is signed -Ottawa

OTTAWA (Reuters) – Trade challenges from U.S. firms will continue to cause turbulence for Canada even if talks to modernize NAFTA are successful, a senior Canadian government official said on Tuesday.   Canada sends 75 percent of its goods exports to the United States and is vulnerable to what Ottawa complains is increasing U.S. protectionism […] Read more

Canola hits two-month highs

Winnipeg (CNS Canada) – ICE Futures Canada canola contracts posted solid gains on Monday, taking some direction from a rally in Chicago Board of Trade soybeans. South American weather concerns provided the catalyst for the gains in beans, which spilled into the canola market. Chart-based buying contributed to the strength in canola with some stops […] Read more

Weekly Manitoba cattle report

Winnipeg (CNS Canada) – Routine winter movement was the order of the day at Manitoba’s auction marts during the week ended February 9, with the cattle moving through the rings. Only about 6,300 cattle were on offer across the province during the week, which was down by about 2,000 from the previous week as cold […] Read more

Prairie wheat bids rise following lead of most U.S. futures

Winnipeg(CNS Canada) – Wheat bids in Western Canada rose in price for the week ended Feb. 9, which for the most part followed the lead of the United States futures markets. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices rose in Western Canada by C$7 to C$9, […] Read more