CWB bidding for full ownership of Prairie West Terminal — April 17, 2014

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Western Saskatchewan farmers with shares in grain handler Prairie West Terminal are to vote next month on a $43.23 million cash bid from CWB for the 90 per cent it doesn’t yet own. CWB, the Winnipeg grain company formerly known as the Canadian Wheat Board, announced Thursday it has entered an “arrangement agreement” with PWT […]


ICE weekly outlook: Soyoil driving canola market — April 16, 2014

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CNS Canada – Canola futures on the ICE Futures Canada platform finished little changed during the week ended Wednesday, as buyers were reluctant to push the market higher despite large gains seen in outside oilseeds. “Nobody really wants to buy canola, but they’ll have to push it along with the soy markets if it keeps […]



Boosting West Coast exports seen key for moving bigger crops — April 16, 2014

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Winnipeg | Reuters – Canada needs to invest in shipping more grains and oilseeds off the West Coast as harvests get larger, to avoid the massive transportation backlogs that followed last year’s record crops, industry officials said on Wednesday. Last year, 19.3 million tonnes of grain moved in bulk and containers combined through Port Metro […]


Argentine port workers to strike over wages — April 16, 2014

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Buenos Aires | Reuters — Port workers in Argentina’s Rosario grains hub will start an indefinite wage strike on Thursday, Edgardo Quiroga, head of the San Lorenzo chapter of the powerful CGT labor union, said in an interview Wednesday. With inflation estimated at more than 30 per cent, one of the world’s highest rates, Argentine […]


U.S. livestock: Pork price rebound rallies CME hogs — April 16, 2014

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Chicago | Reuters – Chicago Mercantile Exchange hog futures on Wednesday settled higher after a choppy day of trading, supported by unexpectedly strong demand for pork at wholesale, traders said. Wednesday morning’s wholesale pork price turned $2.38 per hundredweight (cwt) higher at $124.11, after falling $2.68 the day before, according to U.S. Department of Agriculture […]


Rise in farmland values most pronounced in Sask., Man., Que. — April 16, 2014

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Farm Credit Canada’s annual charting of the ebb and flow of Canada’s farmland values saw price increases ahead of the curve in Saskatchewan, Manitoba and Quebec pushing nationwide values to their biggest year-over-year jump in recent history. The federal farm lending agency on Monday released its 2013 Farmland Values report, which tracks variations in bareland […]


Rising crop volumes pose stiff challenges for exports — April 16, 2014

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Winnipeg | CNS Canada – New strategies are going to be needed if Canada’s grain, pulse and oilseed crop sectors want to meet growing global food demand. That was one of the main themes circulating through the first day of presentations here at the inaugural Canadian Global Crops Symposium. Representatives from the pulse, canola, cereals […]


ADM set to take full control of Toepfer — April 15, 2014

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U.S. agrifood giant Archer Daniels Midland plans to buy the stake it doesn’t yet own in international grain trading house Toepfer International, and to forge ahead with the sale of its chocolate business, in its latest round of “portfolio management.” ADM, which has owned 80 per cent of Toepfer since 2002, said Tuesday it proposes […]


PEDv seen pushing U.S. 2014 pork production down two per cent — April 15, 2014

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Reuters — U.S. pork production is likely to decline about two per cent this year due to the spread of porcine epidemic diarrhea (PED), the U.S. Department of Agriculture said in its monthly livestock outlook report. Live hog prices were expected to increase as a result of the pig virus, the report said. As of […]