NEW YORK, Oct 7 (Reuters) – The landmark Pacific Rim trade deal will boost Canada’s access to the U.S. sugar market by 19,200 tonnes, a trade group said on Wednesday, making it the second nation to gain greater access to the coveted U.S. sugar market through the pact agreed this week. That includes 9,600 tonnes […] Read more
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Pacific Rim pact to boost Canada’s access to U.S. sugar market
AGT buys Mobil Capital Holdings
Saskatchewan pulse processor AGT Food and Ingredients Inc. has struck a deal to acquire Mobil Capital Holdings, the parent company of short-line railway operator Mobil Grain. According to an Oct 5 news release, AGT and its subsidiary Alliance Pulse Processors Inc. will acquire Mobil Capital and its subsidiary operations for $57.5 million. The $57.5 million […] Read more
Slowdown in sales softens fertilizer market
WINNIPEG — A lack of buying in North and South America has put fertilizer prices under pressure. However, no one is lining up to capitalize on the weakness, according to an industry watcher. “Farmers aren’t in the mood to buy fall fertilizer. I think they’re more uncertain this year than they normally are,” said David […] Read more
Foreign farmland ownership opposed in Sask. survey
UPDATED – October 7, 2015 – 1430 CST – The vast majority of more than 3,200 people who responded to the Saskatchewan survey on farmland ownership don’t want investors such as pension funds to own farmland. They also want the government to more strictly enforce the rules. Agriculture minister Lyle Stewart released the results of […] Read more
Monsanto slashing 2,600 jobs, buying back shares as sales fall
Oct 7 (Reuters) – Monsanto Co, one of the world’s largest seed and agrichemical companies, said on Wednesday that it was slashing 2,600 jobs and restructuring operations to cut costs in a slumping commodity market that it expects to squeeze results well into 2016 Monsanto, which also reported a much wider quarterly loss, said that […] Read more
Pulse on pulses: AGT growing, Australia dry, Indian demand rises
WINNIPEG — Following are a few highlights in the Canadian and world pulse markets from yesterday. • Saskatchewan-based AGT Food and Ingredients (formerly Alliance Grain Traders) had its target stock price (TSE:AGT) raised to C$37 from C$35 in a research report from National Financial on Oct. 6. The firm is also expecting the pulse and […] Read more
Canola climbs, supported by stronger soy complex and crude oil rally
Continued strength in the oilseed complex helped canola futures to post another modest gain on Tuesday. It was an up day generally in crop markets with soybeans and corn supported by ideas that the United States Department of Agriculture will trim the 2015 crop forecast in its monthly supply and demand report on Friday. Canola […] Read more
Livestock: Bounce in beef price pushes CME live cattle futures up 3-cent limit
CHICAGO, Oct 6 (Reuters) – Chicago Mercantile Exchange live cattle finished up their 3.0-cents per lb daily price limit on Tuesday, driven by short-covering and bargain hunting following the spike in wholesale beef prices, traders said. Spot October and December finished at 125.125 and 133.225 cents, respectively. Live cattle’s trading limit will be expanded to […] Read more
Manitoba releases latest crop report, Oct. 6, 2015
SOUTHWEST The first killing frost allowed for good harvest progress until precipitation occurred with amounts varying from trace to 20 millimetres. Harvest is approaching completion for spring cereals and canola. Canola is yielding above long-term averages. Flax and soybeans are underway, while corn and sunflower crops continue to dry down. Winter wheat and fall rye […] Read more
Think Europe’s halting GMOs? It could be heading for more
PARIS, Oct 5 (Reuters) – The large number of European countries opposing GMO cultivation may have given the impression the bloc is putting a brake on GMOs but with new crops queuing for approval and key countries leaving the door open, output is more likely to grow than wane. Nineteen out of 28 EU member […] Read more
