CNS Canada — Following are a few highlights in the Canadian and world pulse markets on Tuesday morning, Oct. 13. • India is reportedly mulling over the creation of an intelligence agency designed to track the supply and demand of pulse crops, both in the domestic and international market. The issue was sparked by the […] Read more
Pulses: India mulls creation of pulse intelligence agency
Pulses: Sask. harvest wraps, El Nino hits Australia
CNS Canada — Following are a few highlights in the Canadian and world pulse markets on Friday morning, Oct. 9. • Peas and lentils are both 99 per cent combined in Saskatchewan, according to the latest provincial report. Lentil yields are averaging 1,279 lbs./ac., which compares with 1,371 in 2014. Peas averaged 32 bu./ac., also […] Read more
Slowdown in sales softens fertilizer market
CNS Canada — A lack of buying throughout North and South America has put fertilizer prices under pressure, but so far, 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 […] Read more
Pulses: India needs more pulses
CNS Canada — A few highlights in the Canadian and world pulse markets on Wednesday, Oct. 7. • Average protein levels for peas in Western Canada are coming in below the year-ago level, according to early sample data from the Canadian Grain Commission as of Oct. 1. Of the samples collected to date, the mean […] Read more
CHS says Viterra intriguing at right price
Chicago | Reuters — U.S. farm co-operative and grains trader CHS Inc. would be interested in the Canadian grain handling assets of embattled commodities trader Glencore, but only if they came at a discounted price, CHS CEO Carl Casale said in an exclusive interview. As part of a debt-reduction plan, Swiss-based Glencore has said it […] Read more
Glencore reported moving ahead on ag stake sale
Commodities firm Glencore, the owner of Prairie grain-handling heavyweight Viterra, is reported as already moving forward on plans to bring minority investors into its ag business. Glencore announced earlier this month it plans to tame the debt it’s racked up in its recent major expansions, partly through sales of assets and new shares. Those assets, […] Read more
Grain handler Scoular on hunt for more Canadian buys
Winnipeg | Reuters — U.S. crop handler The Scoular Co. is looking to acquire stakes in grain and oilseeds facilities in Western Canada, fresh off agreeing to its first major purchase in the crop-growing belt, the private company’s chief operating officer said Monday. Scoular last week agreed to pay $94 million for the special crops […] Read more
Churchill to move pulses this fall, consider partnerships
Churchill | CNS Canada –– As its shipping season gets underway, the operators of Manitoba’s Port of Churchill are considering options for keeping the port viable going forward — especially as the end looms for its government subsidy. Churchill has previously relied on the Canadian Wheat Board as its primary supplier of grain, but in […] Read more
Large green lentil prices move up on supply concerns
CNS Canada — Price-wise, large green lentils have been outpacing their red counterparts, due to poor acreage and a general disappearance of the crop, according to an industry specialist. Delivered No. 1 large green or Laird lentils are between 38 and 47 cents per pound, according to Prairie Ag Hotwire. Those prices would bring farmers […] Read more
Early Sask. lentil, pea harvests likely to support prices
CNS Canada –– Saskatchewan’s dryness could likely mean an earlier harvest and smaller yield for pea and lentil crops this year, according to a regional crop specialist. That means new-crop prices will be supported, said Chuck Penner, president at LeftField Commodity Research. Old crops are disappearing, he said, and the market will become active as […] Read more