Reuters — General Mills is recalling 1.8 million boxes of gluten-free Cheerios cereal because they may contain wheat, which can cause adverse reactions in people with gluten allergies. The company said Monday it was recalling the original and honey nut-flavoured varieties of Cheerios produced on certain days at its Lodi, California facility, saying wheat flour […] Read more
General Mills recalls 1.8M boxes of gluten-free Cheerios
PotashCorp withdraws takeover bid for K+S
New York/Frankfurt | Reuters –– PotashCorp said Monday it had withdrawn its 7.9 billion euro (C$11.6 billion) offer for German potash producer K+S, citing a decline in global commodity and equity markets and a lack of engagement by K+S management. K+S shares dropped 24 per cent after Potash announced its decision in a statement, wiping […] Read more
Light rains delay harvest, province estimates more than half complete
Alberta crop conditions as of September 29, 2015
Reading Time: 2 minutes Over the weekend, most parts of the province received light rains which were enough to delay harvesting operations. However, producers were able to make better harvest progress this past week than during the previous week. Harvest is estimated to be 58 per cent completed provincially, up 12 per cent from last week. While 25 per […] Read more
Glencore reported in talks on agriculture assets
Reuters — Glencore is in talks with a Saudi Arabian sovereign wealth fund and China’s state-backed grain trader COFCO, along with Canadian pension funds, to sell a stake in its agricultural assets, sources familiar with the matter told Reuters. Selling assets is one prong of a wider strategy by the Swiss-based trader and miner to […] Read more
StatsCan comes in at low end of expectations for canola
CNS Canada — Despite an upward revision of nearly a million tonnes in Statistics Canada’s latest report, most analysts expect canola production will keep climbing further. StatsCan on Friday morning released its updated grain/oilseed production estimates, with data collected through surveys taken between Sept. 3 and 13. Canola production numbers came in at 14.3 million […] Read more
ConAgra to cut 1,500 jobs, shift base to Chicago from Omaha
Reuters — ConAgra Foods said it would cut about 1,500 jobs and move its headquarters to Chicago from Omaha as part of a plan to save at least US$300 million in three years. The maker of Chef Boyardee pasta and Healthy Choice dinners is under pressure to cut costs and accelerate growth as consumers shift […] 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
Next StatsCan survey expected to show larger canola, wheat crops
CNS Canada — Yields are generally beating earlier expectations as the harvest progresses across Western Canada, which should lead to upward revisions to canola and wheat when Statistics Canada releases its latest production survey results Friday. However, those numbers still may be underreported, and further revisions are expected in subsequent reports. “As the harvest is […] 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
Richardson to build in S. Alta. inputs market
Prairie grain handler Richardson International is moving to shore up its presence in southern Alberta’s crop inputs market with a new dealership. The Winnipeg company announced Wednesday it will build a new crop inputs centre at Three Hills, about 65 km east of Olds, starting this fall to open and begin operating next spring. “The […] Read more
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