Chicago | Reuters — U.S. grains trader Archer Daniels Midland has increased its stake in Wilmar International of Singapore, in its latest bid to expand in Asia. ADM’s purchases represented about 22 per cent of Wilmar shares traded on Singapore’s exchange on Tuesday, Wilmar said in a regulatory filing. Wilmar shares reached their highest price […] Read more
ADM increases stake in Wilmar
Man. sunflower harvest set to start
CNS Canada — Manitoba farmers will soon be harvesting this year’s sunflower crop, and early expectations look good despite some areas of concern. There are certain areas of the province where the sunflowers are starting to break down due to disease or weather issues, said Anastasia Kubinec, an oilseed specialist with Manitoba Agriculture, Food and […] Read more
Legumex to sell processing plants, wind down company
Winnipeg | Reuters –– Prairie special crops firm Legumex Walker said Monday it has agreed to sell its pulse and special crop processing plants and expects to sell its U.S. canola-crushing facility, allowing it to wind down the company. Winnipeg-based Legumex plans to sell its special crops division, which includes 14 plants in Canada, the […] Read more
Venture into sunflowers proves profitable
The Botts were told that sunflowers weren’t suitable for their farm, but that didn’t stop them
Reading Time: 3 minutes When someone told Roger Bott, he couldn’t grow sunflowers in his part of Alberta, he was determined to try. Eight years on, Bott and wife Bonita — and a lot of residents of Clearwater County — are glad they did. “People are also really enjoying looking at the sunflowers when they’re on the highway,” said […] Read more
Lower loonie to boost U.S. demand for sunflowers
CNS Canada — Manitoba sunflowers are looking better than they have in recent years, despite minor pest pressure, in one agronomist’s view — and a lower Canadian dollar could be useful for producers looking to sell. Sunflower prices aren’t seeing a lot of movement right now, but demand is good — and with a lower […] Read more
Loan called on Legumex’s U.S. canola crusher
Prairie special crop processor Legumex Walker is weighing its options after major lenders to the company’s U.S. canola crushing arm called their loan. Pacific Coast Canola, a cold-press canola crushing operation at Warden, Wash., about 160 km southwest of Spokane, is 84 per cent owned by TSX-traded, Winnipeg-based Legumex, and 16 per cent owned by commodity […] Read more
U.S. grains: Corn rises, soy eases on outlooks for drier weather
Chicago | Reuters –– U.S. corn edged slightly higher while soybeans reversed from earlier gains to turn lower on Thursday as drier weather outlooks for next week were seen as benefiting both crops after record rains in the Midwest in recent months limited yield potential. Corn was in the early phases of its pollination period […] Read more
Sunflowers look good in field, flat in market
CNS Canada — While many Canadian crops are wishing for more rain right now, one expert sees sunflowers, primarily grown in Manitoba, doing relatively fine for moisture. “There’s no weather worries on sunflowers right now. A lot of the acres went in because it was forecasted to be a very dry summer, but it hasn’t […] Read more
U.S. FDA to cut trans fats from foods
Washington/New York | Reuters –– The U.S. Food and Drug Administration on Tuesday made good on its proposal to effectively ban artificial trans fats from a wide range of foods, from microwave popcorn to frozen pizza, saying they raise the risk of heart disease. Under new FDA regulations, partially hydrogenated oils, which have been shown […] Read more
Sources say BASF mulling potential bid for Syngenta
Reuters — German chemicals group BASF is considering a potential offer for Syngenta, its Swiss rival which has received a C$56 billion takeover offer from Monsanto, people familiar with the matter said on Wednesday. BASF is speaking to investment bankers about the possibility of an offer for Syngenta, though it has made no decision and […] Read more