Reuters — Saputo Inc., one of Canada’s largest dairy producers, has an eye on Brazil for possible acquisitions, and could make deals worth as much as $3.5 billion, its CEO said Thursday. The struggling global dairy industry is fragmented, potentially yielding opportunities, Lino Saputo Jr. said. The company would like to buy cheesemaking plants in […] Read more
Saputo eyes Brazil for acquisitions
U.S. grains: Soy surges on concerns over Argentina soymeal
Reuters — U.S. soybean futures jumped three per cent on Wednesday, the biggest gain for the most-active contract in two weeks, boosted by concerns about a possible shortage of soymeal from Argentina. U.S. wheat futures rose on short-covering and forecasts of unfavourable rain in the U.S. Plains grain belt, while corn advanced to a one-month […] Read more
U.S. grains: Wheat climbs on short-covering, wet weather
Reuters — Chicago wheat rose on Tuesday, lifted by short-covering and concerns about unfavourable rains for maturing U.S. crops. Corn ended mixed and soybeans finished a volatile session lower, with corn weakened by spread trades against wheat and soybeans down on technical selling. Chicago Board of Trade July wheat added two cents, or 0.6 per […] Read more
U.S. grains: Corn rises on technical buying, planting switch
Reuters — U.S. corn futures rose on Monday, lifted by technical buying and thoughts that farmers may shift some plantings to soybeans. Soybeans eased on technical selling and slowing export demand, while Chicago wheat finished unchanged after a late round of short-covering. The Chicago Board of Trade’s July corn contract added 3-1/4 cents to $3.94 […] Read more
Canada may delay foreign worker limits as packers, farms face squeeze
Winnipeg | Reuters — Canada may delay implementing new restrictions on the use of foreign workers as farmers and meat processors warn of severe labour shortages in one of the world’s biggest agricultural exporters, the employment minister said. Employers have reported difficulty finding workers despite a 7.1 per cent unemployment rate. Many Canadians resist jobs […] Read more
Canada’s farmers seen seeding less canola than expected
Reuters — Canadian farmers intend to seed less canola than expected, and will sow record-large areas with pulse crops, according to the government’s first farmer survey of crop sowings for 2016, released on Thursday. Wheat seedings are also expected to decline, but not as much as traders and analysts expected on average. Statistics Canada estimated that […] Read more
China may pay more for canola if standard changes
Winnipeg | Reuters –– Richardson International, one of Canada’s two largest grain handlers, may raise the price of canola shipments to China to reflect Beijing’s costly higher standard, its CEO said Thursday. The Chinese Embassy in Ottawa said in March that China had delayed to Sept. 1 its new standard for no more than one per […] Read more
U.S. grains: Wheat dips again on weak sales, improving crop
Reuters — Chicago wheat dropped on Thursday for the fourth straight session on lacklustre weekly export sales and the improving condition of the U.S. winter crop. Soybeans slid in a correction from Monday’s highest price since Aug. 17 and corn rose on speculation U.S. farmers may switch some acres to soy. The most-active May wheat […] Read more
U.S. grains: Wheat drops to near one-week low as crop progresses
Reuters — Chicago wheat fell on Wednesday to a nearly one-week low, pressured by a U.S. Department of Agriculture report that revealed U.S. wheat was progressing faster than expected. Corn rose to its highest in almost a week, following technical indicators. Soybeans gained on bargain-buying. The Chicago Board of Trade’s most-active May wheat contract fell […] Read more
U.S. grains: Soybeans, wheat extend gains after planting forecasts
Reuters — U.S. soybean and wheat futures rose on Friday as estimates of smaller-than-expected U.S. plantings spurred buying. Corn bounced off a 9-1/2-month low to finish up on bargain-buying. Chicago Board of Trade May soybeans rose 7-1/2 cents or 0.9 per cent to $9.18-1/4 a bushel, racking up a fifth straight weekly gain (all figures […] Read more
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