Reading Time: 4 minutes A Vancouver startup says it has created a “sustainable smart fertilizer” with a product made out of the hulls of lentils and peas. Lucent BioSciences says its product, called Soileos, drives an “on-demand” delivery of nutrients to plants while reducing farmers’ carbon footprint. And because it is made with cellulose, it is not water soluble […] Read more
B.C. startup company says it’s found a better way to deliver fertilizer
Product uses cellulose to bind micronutrients and keep them from leaching away
Pulse weekly outlook: Small Canadian crops lead to marketing shift
MarketsFarm — Canadian pulse markets could see a ‘radical shift’ in the current crop year as drought conditions led to sharp reductions in pea and lentil production. Statistics Canada’s September principal field crop estimates, released Tuesday, and the previous report on Aug. 30 were determined by yield models using satellite imagery. MarketsFarm Pro analyst Mike […] Read more
Backhaul gets the heave-ho in red-hot shipping container market
Container shipping in a mess, not expected to restore itself at least until 2022
Reading Time: 4 minutes The shipping container mess created by the pandemic will likely last until at least 2022, says the vice-president of a West Coast container transloading company. “Steamship lines across the globe are all playing catch-up with the import movements from across Asia and North America,” said Jordan Atkins, vice-president of WTC Group in New Westminster, B.C. […] Read more
Kansas City Southern plans to accept CP’s bid
Deal would create new lanes for Prairie freight, CP says
Reuters — U.S. railway Kansas City Southern said on Sunday it planned to accept Canadian Pacific Railway’s US$27.2 billion cash-and-stock acquisition offer as superior to its US$29.6 billion deal to sell itself to Canadian National Railway. CN now has until the end of Friday to submit a better offer or lose its deal with KCS. […] Read more
Louis Dreyfus completes stake sale to ADQ
Deal includes long-term supply line to UAE
Paris | Reuters — Louis Dreyfus Co. (LDC) said on Friday it had completed the sale of a 45 per cent indirect stake to Abu Dhabi holding firm ADQ, marking the arrival of the first non-family shareholder in the agricultural commodity group’s 170-year history. The overall value of the deal was not disclosed but LDC […] Read more
It’s been anything but business as usual for pulse sector this year
It’s not just the drought hitting production — global demand is up, shipping disrupted and processing plants coming online
Reading Time: 3 minutes It’s definitely unusual times for the Prairie pulse sector, and save for a lucky few, it’s a year most will be glad to see the back of. “It’s rare to see such a large cross-section of the industry impacted by drought, but that is very much the case here,” said Pulse Canada president Greg Cherewyk. […] Read more
Canola ending stocks down on year, but beat expectations
StatsCan pegs barley ending stocks at record low
MarketsFarm — Canadian canola ending stocks were down sharply at the end of 2020-21 compared to the previous marketing year, but still came out well ahead of trade expectations. Many other crops also saw larger-than-expected carryout numbers in Statistics Canada’s principal field crop stocks report as of July 31, 2021, released Wednesday. According to MarketsFarm […] Read more
Pulse weekly outlook: Chickpeas find high-priced silver lining
MarketsFarm — Like many other crops across Western Canada, chickpeas weren’t immune to hot and dry growing conditions over the summer. This year’s domestic chickpea crop is only expected to weigh in at 63,000 tonnes, according to Statistics Canada — less than one-third of the five-year average of 189,600 tonnes. In Saskatchewan, some parts of […] Read more
Pulse weekly outlook: Tight Canadian supplies to cut into exports
MarketsFarm –– Canadian pulse supplies during the 2021-22 marketing year will be the tightest of the past decade due to drought during the growing season, with the country likely to be a much smaller player in the international export market for peas, lentils and chickpeas as a result. Statistics Canada pegged the country’s 2021-22 pea […] Read more
U.S. regulator rejects CN’s voting trust to buy Kansas City Southern
CP rips CN's play as 'illusory and not achievable'
Reuters — The U.S. rail regulator on Tuesday rejected a voting trust structure that would have allowed Canadian National Railway (CN) to proceed with its US$29 billion proposed acquisition of U.S. peer Kansas City Southern. The decision was a blow to the deal that would create the first direct railway linking Canada, the U.S. and […] Read more
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