Black Sea wheat exports are projected at an all-time high this year, and there is good reason to have confidence in this forecast. During the 2015/16 marketing year, the U.S. Department of Agriculture (USDA) estimates that the states of the former Soviet Union excluding Latvia, Lithuania, and Estonia (FSU-12) will export a record 45 million […] Read more
Black Sea in it for the long haul
The Former Soviet Union, once Canada's largest wheat customer, is now its largest competitor
Feed: Frost pressures Australian barley
CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Tuesday, Oct. 20. • The Grains Industry of Western Australia is predicting the area will harvest a 3.19 million-tonne barley crop in 2015-16. However, some recent frosts are casting questions on whether that mark will be reached. • […] Read more
Feed: Ukraine, U.S. corn harvest advancing
CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Friday, Oct. 16. • CBOT corn futures were posting small losses at midday Friday, with the December contract quoted at US$3.74 per bushel, as the advancing U.S. harvest and relatively favourable yield reports weighed on values. • Ukraine […] Read more
Rivals see local battles, not global war, with new beer giant
Copenhagen/Brussels | Reuters — The prospect of a new competitor that produces one third of an entire industry’s output would normally terrify rival companies, but brewing is different. The very local nature of lagers and ales, and the fact that a price war is seen as unlikely, mean global market leader Anheuser-Busch InBev’s imminent takeover […] Read more
Feed: Russia may plant more feed, U.K. less
CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Wednesday, Oct. 14. • CBOT corn futures were down by two to three cents per bushel (US$) at midday Wednesday, as the advancing U.S. harvest and relatively favourable yield reports weighed on values. • Barley futures on India’s […] Read more
Labatt owner ups offer for SABMiller as deadline looms
Reuters — Anheuser-Busch InBev raised its proposed takeover offer for SABMiller on Monday, as the world’s largest brewer tries to win over its smaller rival to the idea of creating a giant that would make nearly a third of the world’s beer. The owner of the Budweiser, Labatt and Alexander Keith’s brands said it would […] Read more
Labatt buys Toronto craft brewer Mill Street
An award-winning Toronto craft brewer, famed as the biggest certified organic brewer in Canada, is now owned by the makers of Bud and Blue. Labatt Breweries, the Canadian arm of Anheuser-Busch InBev, announced Friday it has bought Mill Street Brewery for an undisclosed sum and will “immediately” invest $10 million in upgrades at Mill Street’s […] Read more
Feed: Corn awaiting USDA, Sask. barley yields near average
CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Friday, Oct. 9. • CBOT corn futures were posting small gains Friday morning, but were holding rangebound overall as traders were squaring positions ahead of the U.S. Department of Agriculture’s monthly supply/demand report due out later in the […] Read more
SABMiller rejects Labatt owner’s takeover approach
Brussels/London | Reuters –– SABMiller, the world’s second largest brewer, has promptly rejected an improved takeover proposal from Anheuser-Busch InBev, saying its 68 billion-pound (C$136 billion) valuation was “very substantially” under par. Refusal of the offer, made public Wednesday after earlier proposals were refused privately, opens the door to a week of intense wrangling before […] Read more
StatsCan comes in at low end of expectations for canola
CNS Canada — Despite an upward revision of nearly a million tonnes in Statistics Canada’s latest report, most analysts expect canola production will keep climbing further. StatsCan on Friday morning released its updated grain/oilseed production estimates, with data collected through surveys taken between Sept. 3 and 13. Canola production numbers came in at 14.3 million […] Read more
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