Reuters — The U.S. Department of Justice said on Friday that Canadian National Railway’s bid for U.S. railway operator Kansas City Southern appears to pose greater risks to competition than a rival agreement with Canadian Pacific Railway. The development comes as KCS on Thursday accepted CN’s $33.6 billion acquisition offer, upending the $29 billion deal […] Read more
CN bid for U.S. railway poses greater risk to competition, DOJ says
W.A. Grain & Pulse Solutions placed in receivership
About 100 farmers are known to be owed money, any others must make a claim quickly
Reading Time: 3 minutes A court has ordered prominent Alberta pulse buyer and processor W.A. Grain & Pulse Solutions into receivership. Justice Douglas Mah of the Court of Queen’s Bench issued the order on April 26 at the request of ATB Financial and appointed BDO Canada as the receiver. W.A. Grain & Pulse Solutions, founded by Chris and Tracey […] Read more
Kansas City Southern accepts new CN bid over CP’s
CN offers to cover KCS's breakup fee with CP
Reuters — U.S. railway operator Kansas City Southern said Thursday it had accepted Canadian National Railway’s $33.6 billion acquisition offer, upending a $29 billion deal with its competitor Canadian Pacific Railway. The development, first reported by Reuters, gives CP five business days to make a new offer for Kansas City Southern. Were CP to table […] Read more
La Nina done, U.S. CPC says
Neutral weather likely through summer
Reuters — A U.S. government weather forecaster said on Thursday La Nina has ended and El Nino-Southern Oscillation (ENSO) neutral conditions are likely to continue through the Northern Hemisphere summer. “ENSO neutral” refers to periods in which neither El Nino nor La Nina is present, often coinciding with the transition between the two weather patterns, […] Read more
Pulse weekly outlook: Chickpea acres ‘sharply’ down
MarketsFarm — Despite prices higher than last year’s, Canada’s chickpea acres are expected to decline this year and, in turn, will result in less production in the 2021-22 crop year. High-delivered bids for Kabuli chickpeas, the type most commonly grown in Canada, run from 25 to 35 cents/lb., three to seven cents higher than last […] Read more
(Genetic) resistance is futile for new clubroot pathotypes
Over half of the unique clubroot pathotypes in Alberta able to overcome first-generation resistance
Reading Time: 4 minutes New clubroot pathotypes are emerging in canola fields across the Prairies — and clubroot-resistant varieties might not be enough to stop the spread. “The most worrisome part about this is the fact that a lot of these new pathotypes are able to overcome traditional first-generation resistance,” said Keisha Hollman, who led the study at the […] Read more
Ocean freight rates at decade highs
MarketsFarm — Ocean freight rates have climbed steadily higher over the past year, recovering from the lows hit at the start of the pandemic in early 2020 to see their highest levels in over a decade. The Baltic Dry Index (BDI), a major indicator of shipping rates, hit a high of 3,266 points on Wednesday. […] Read more
New Nutrien CEO to carry out current strategy
Schmidt to focus on potash price over boosting sales
Winnipeg | Reuters — Canadian fertilizer and farm dealer Nutrien will continue its existing business strategy, including a focus on supporting global potash prices over maximizing sales, new CEO Mayo Schmidt said Tuesday. Surging prices of corn, soybeans and canola have given North American farmers more incentive to spend on fertilizer, lifting crop nutrient prices […] Read more
Pulse weekly outlook: Harvest shortcomings could open doors to India
MarketsFarm — As India’s pulse harvest continues, indications have been that initial projections might not be met — which could lead the world’s largest producer and consumer of pulses to allow more imports, MarketsFarm Pro analyst Mike Jubinville says. The Indian government expected about 11.5 million tonnes of chickpeas, but the harvest might bring in […] Read more
W.A. Grain enters receivership
Farmers owed money for grain delivered to this company should contact the Canadian Grain Commission
Alberta-based grain and pulse handler and processor W.A. Grain + Pulse Solutions went into receivership April 26. Farmers who delivered grain to its faculties in Alberta and Saskatchewan but haven’t been paid should contact the Canadian Grain Commission (CGC). “We have not commenced a claims process yet,” CGC spokesman Remi Gosselin said in an interview […] Read more
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