Reuters — Canadian farmers intend to seed less canola than expected, and will sow record-large areas with pulse crops, according to the government’s first farmer survey of crop sowings for 2016, released on Thursday. Wheat seedings are also expected to decline, but not as much as traders and analysts expected on average. Statistics Canada estimated that […] Read more
Canada’s farmers seen seeding less canola than expected
Canada’s pulse acres set to rise, wheat likely lower
CNS Canada –– Early seeding operations are already underway in parts of Western Canada, and the general sentiment is that farmers are planting more peas and lentils at the expense of most everything else. Statistics Canada releases its first survey-based acreage estimates of the year on Thursday. “I think we’ll see a surge in pulse […] Read more
Post-CWB review flags grain trade ‘inefficiency’
WITHDRAWN, April 15, 2016: A historian’s review of the Prairie grain trade, commissioned by supporters of the former single marketing desk for wheat and barley, suggests history is repeating itself at grain growers’ expense — but the data on which the review is based is now being questioned. The Canadian Wheat Board Alliance on Wednesday released a […] Read more
CP scraps plans to buy Norfolk Southern
Reuters — Canadian Pacific Railway said on Monday it had scrapped efforts to buy Norfolk Southern, almost six months after it launched its unsolicited US$28 billion bid for the fourth-largest U.S. railroad operator. The announcement comes days after the U.S. Justice Department urged the Surface Transportation Board to reject a voting trust arrangement CP had […] Read more
Saskatchewan lentil acres seen rising
CNS Canada — The International Year of the Pulses is certainly living up to its name, as territories capable of growing them look to cash in on India’s insatiable demand for supplies. However, it seems not all pulses are created equal, as lentils appear to be the main driver, with peas coming in second. “It […] Read more
Glencore sells 40 per cent of agribusiness to CPP
London | Reuters –– Commodity miner and trader Glencore has agreed to sell 40 per cent of its agricultural unit to Canada’s state pension fund for US$2.5 billion, the company’s latest step to cut debt and soothe investor concerns about the impact of weak commodity prices. The sale values the agricultural unit as a whole […] Read more
CPP reported in talks for stake in Glencore agribusiness
Reuters — Commodity trading and mining firm Glencore is in advanced talks to sell a stake in its agricultural business to the Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported, citing people familiar with the matter. The CPPIB would take a stake of up to 40 per cent, valuing the business at […] Read more
Other Manitoba pulses may eat edible beans’ lunch
CNS Canada –– As insatiable demand for lentils, peas and other major pulses grows louder, so do expectations for more pulses to be planted in Manitoba. When it comes to edible beans, however, acreage is expected to go down slightly, not up. “We’re probably going to be around the 110,000-acre range — a bit down […] Read more
General Mills to label GMOs in U.S. products
Reuters — General Mills on Friday said it would begin putting labels on its products that contain genetically engineered ingredients, a move that comes days after U.S. senators failed to advance legislation aimed at blocking Vermont from requiring such labels on July 1. U.S. consumer are calling for greater transparency around food production and sourcing, […] Read more
Growers plan to plant pulses, but seeds scarce
CNS Canada — Farmers are eager to grow peas and lentils this year, but sourcing those seeds could prove difficult, according an industry group official. “We have heard that given the expected increase in area for both peas and lentils this year, the availability of good-quality seed could be a challenge,” said Carl Potts of […] Read more