Undeveloped Canadian potash projects are drawing investment from a new and unexpected source, as buyers of the crop nutrient in India cross over to the industry’s supply side. The strong interest by Indian fertilizer companies in equity stakes and agreements to take a certain percentage of a supplier’s production is a welcome development for junior […] Read more
Potash juniors look to importers for cash injections
MGEX seen as early winner in fight for Prairie wheat
Seven months after the Canadian Wheat Board’s 69-year-old marketing monopoly ended and Western Canada’s wheat went up for grabs, much of the risk business associated with buying and selling it has fallen to the Minneapolis Grain Exchange. The Wheat Board, which was one of the world’s biggest grain marketers, hedged much of the price risk […] Read more
PotashCorp wants to buy ICL despite obstacles
Fertilizer producer PotashCorp says it is determined to buy most, if not all, of ICL Israel Chemicals Ltd. and that stiff local opposition to such a takeover is based on unfounded fears. Saskatoon-based PotashCorp, the world’s largest producer by capacity of its namesake crop nutrient, aims to boost its 14 per cent stake in ICL […] Read more
China not yet seeking checks on Canadian pork
China is not yet requiring a third-party review of Canadian pork imports to ensure they are free of the feed additive ractopamine, Canada’s Agriculture Minister Gerry Ritz said Monday. But Ritz said he expects China to require third-party verification of Canadian pork at some point, as it will require of U.S. pork shipments starting March […] Read more
Agrium books record profit, beats Street expectations
Canadian fertilizer and ag retail company Agrium reported a record profit for its fourth quarter on Thursday, handily beating expectations due to higher demand for crop protection products and fertilizer from farmers, ahead of a proxy battle with its largest shareholder. Agrium shares in New York edged up 0.5 per cent following the news, after […] Read more
Canada canola, wheat stocks fall at year-end
Reading Time: 2 minutes Reuters / Canadian canola supplies dropped to a six-year low as of Dec. 31, highlighting a disappointing crop and strong demand for oilseeds, while wheat stocks were surprisingly lower, according to a Statistics Canada report Feb. 5. Canola supplies on farms and in commercial storage plunged 24 per cent to 7.37 million tonnes, while all-wheat […] Read more
Chicago grains inch up but end lower for week
U.S. grain prices inched higher on Friday in a modest recovery, driven by improving export prospects due to weaker prices, and corn snapped its longest losing skid in 5-1/2 years. Chicago corn, wheat and soybeans still posted weekly losses, as welcome precipitation was headed for the U.S. Plains hard red winter wheat region and parts […] Read more
Canada’s wheat exports seen surging on lower Australia output
Canadian wheat exports might be heading toward the biggest volume in six years following a bountiful harvest in Canada and sharply lower output from rival shipper Australia. A projected 26 per cent decline in wheat production in Australia, the world’s second-biggest wheat exporter last year, ahead of Russia and Canada, will give Canadian supplies a […] Read more
U.S. corn losses stretch to ninth day
Corn prices fell for a ninth straight session on Wednesday as South American weather improved, but bargain buyers lifted wheat off a seven-month low and took soybeans from a one-month bottom. Trade was choppy as weather conditions continued to boost prospects for U.S. wheat and South American corn and soybeans, pushing all three to recent […] Read more
U.S. wheat falls to seven-month low on wetter weather
Chicago wheat prices fell to a seven-month low on Tuesday after much-needed precipitation provided some moisture to the drought-stricken winter-wheat growing area of the United States. Corn also slipped, extending its losing streak to the longest since mid-2007, on a potential rebound in world grain supply this year, while soybeans dipped. Snow and rain showers […] Read more
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