Viterra has an agreement to buy assets of Lethbridge Inland Terminal Ltd. (LIT) including the high throughput grain elevator with a capacity of 42,000 tonnes. The terminal’s board of directors unanimously recommends shareholders approve the transaction with Viterra. An information circular was mailed to shareholders on Dec 23, containing details. The deal is subject […] Read more
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Viterra looks to buy Lethbridge Inland Terminal
Prinsco buys tile drainage pipe maker AccuPipe of Manitoba
A Minnesota company is expanding into Canada to take advantage of the growing demand for tile drainage. Prinsco Inc. of Willmar, Minn., announced just before Christmas it had purchased AccuPipe, a high density polyethylene pipe manufacturer in Winkler, Man. In addition to the Winkler plant, Prinsco plans to build a drainage pipe manufacturing facility in […] Read more
Saskatchewan challenging Quebec food sale restrictions
A dispute resolution panel Jan. 8 in Quebec City will hear a Saskatchewan-led challenge of Quebec’s restrictions against the sale of certain food products. The governments of Alberta, Manitoba and British Columbia all support Saskatchewan’s challenge under the Canadian Agreement on Internal Trade that Quebec restrictions preventing the sale of certain margarines, coffee whiteners and […] Read more
Cargill to expand Alberta grain site to improve rail shipments
WINNIPEG (Reuters) — Cargill Ltd., Canada’s third-largest grain handler, said Dec. 19 that it has begun to expand storage and rail capacity at Viking, Alta., to improve the efficiency of rail shipments. Record-large wheat and canola harvests this year strained the ability of Canadian National Railway and Canadian Pacific Railway to quickly move crops from […] Read more
Supply worries send U.S. cattle prices to record high
By Theopolis Waters CHICAGO, Dec 27 (Reuters) – Slaughter cattle prices in the U.S. Plains hit their highest level on record on Friday Dec. 27, the result of a smaller herd that already has driven up beef prices, analysts and economists said. Friday’s $133 to $136 price paid by beef packers surpassed the previous record […] Read more
China says eight mln acres too polluted to farm
BEIJING, Dec 30 (Reuters) – About 3.33 million hectares (eight million acres) of China’s farmland is too polluted to grow crops, a government official said on Monday, highlighting the risk facing agriculture after three decades of rapid industrial growth. China has been under pressure to improve its urban environment following a spate of pollution scares. […] Read more
Argentine rains dampen corn and soy markets
By Sam Nelson CHICAGO, Dec 30 (Reuters) – U.S. soybean and corn futures markets wee down a few cents on Monday morning with corn dropping to its lowest level in two weeks as rains fell in key crop areas of major exporter Argentina, easing dought-stress on each crop. Crop-friendly rain fell over much of Argentina’s […] Read more
U.S. hog herd dips slightly, pigs per litter record
(Reuters) — The U.S. hog herd held declined slightly in the latest quarter compared to a year earlier, and fell just short of average trade forecasts, a U.S. government report showed on Friday. The data showed producers held a record number of pigs per litter during the period at 10.16 head, up marginally compared with […] Read more
CME feeder cattle follow live cattle higher; Hog futures rise before USDA report
CHICAGO (Reuters) – Chicago Mercantile Exchange live cattle futures closed higher in light volume on Friday, led by short-covering stirred by better-than-anticipated cash prices, traders said. Cash cattle in Texas moved at mostly $133 per hundredweight (cwt), $3 higher than last week, feedlot sources said. They reported cash sales of mostly $132 in Kansas, up […] Read more
Canola continues to fall
Canola contracts hit fresh lows today, falling $4.10 per tonne on the ICE Futures Canada exchange. March canola futures settled at $437.90 per tonne on a day with low trading volumes. Market watchers attributed the canola losses to soybean declines from yesterday, when the Winnipeg market was closed for Boxing Day. Soybeans bounced back today […] Read more
