Brussels | Reuters — Glyphosate is unlikely to cause cancer in humans, according to the European Food Safety Authority (EFSA), which nevertheless proposed limits on Thursday on the amount of residue of the herbicide widely used by farmers deemed safe to consume. The EFSA advises EU policymakers and its conclusion could lead the 28-member European […] Read more
EU scientists say glyphosate unlikely to cause cancer
CP said exploring Norfolk Southern takeover
Reuters — Canadian Pacific Railway (CP) is looking to acquire U.S. peer Norfolk Southern, business news service Bloomberg reported Monday, citing people familiar with the matter. Canada’s second-largest railroad operator has already raised financing and held early-stage merger talks with Norfolk Southern, Bloomberg reported, citing two of the people. Freight carried by major U.S. railroads […] Read more
Agrium bucks fertilizer sector trend with Q3 profit
Reuters — Canadian fertilizer and farm retail dealer Agrium on Thursday reported quarterly profit jumped nearly nine per cent, as higher sales volumes and lower costs helped it buck the sector’s trend of weaker earnings. Weaker currencies in fertilizer-buying markets such as Brazil and India are weighing down prices, leading rivals PotashCorp and Mosaic Co. […] Read more
Crunch time for Manitoba producers to fertilize
CNS Canada — The clock is ticking for Manitoba producers who wish to lay down nitrogen or phosphorous on their fields. Wet conditions in many parts of the province are making it tough for farmers to get their machines onto fields, according to Dan Mazier, president of Keystone Agricultural Producers. “We just drove from Winnipeg […] Read more
Cereals North America: Communication key to improved grain transportation
Winnipeg | CNS Canada –– Canada’s grain transportation system is running relatively smoothly for the time being, but there is still plenty of room for improvement — and better communication between participants is seen as a way to alleviate future bottlenecks. The 2013-14 crop year, with its logistical challenges and, eventually, federal government intervention, are […] Read more
Cereals North America: Shift to La Nina may hurt yields
Winnipeg | CNS Canada –– El Nino weather patterns are typically beneficial to North American grain yields, but cut into the production prospects of key Eastern Hemisphere demand markets, according to presenters at this week’s Cereals North America conference. However, an expected shift toward La Nina conditions by late 2016 could see North American grain yields […] Read more
Hi-Pro Feeds strikes deal to buy Champion Feed Services
Hi-Pro will acquire Champion’s three Alberta feed mills and its oat-processing facility in Grande Prairie
Reading Time: < 1 minute Hi-Pro Feeds has acquired Champion Feed Services Ltd., a group of companies including feed mills, stores and an oat-processing facility located in northern Alberta. “This extends our business into a broader market, creating a vast network across the entire province of Alberta,” said Daren Kennett, founder of Hi-Pro Feeds. Champion Feed Services operates feed-manufacturing facilities […] Read more
More grain revenue on less grain in CN’s Q3 ledger
Lower grain traffic compared to last year’s record crop year hasn’t translated to lower third-quarter grain revenue for Canadian National Railway (CN). Montreal-based CN on Tuesday booked overall net income of $1.007 billion on $3.222 billion in gross revenue for its third quarter (Q3) ending Sept. 30, up from $853 million on $3.118 billion in […] Read more
Oats steady and low, but price-wise the worst is over
Manitoba’s oat market is sitting low and stagnant, but since the commodity traditionally tracks corn futures, prices aren’t likely to depreciate further, says a U.S. analyst. “I think Manitoba farmers were expecting a lot better and Saskatchewan farmers were expecting a lot worse, but really when the combines got in the field—you know everything was […] Read more
Tim Hortons owner profit beats Street on lower costs, new items
Reuters — Restaurant Brands International, owner of Burger King and Tim Hortons, reported a better-than-expected quarterly profit, helped by new menu items and lower costs. Most of Restaurant Brands outlets are in the U.S. and Canada. But the company has been opening new restaurants in France, Brazil, Russia and India, following its peers such as […] Read more
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