Chicago | Reuters — U.S. agricultural commodities trader Archer Daniels Midland has sold its 19.9 per cent stake in GrainCorp to underwriters UBS, just three years after a failed bid to wholly acquire the Australian grain handler, ADM said Thursday. The sale to the Swiss bank was valued at A$387 million (C$382 million), or A$8.53 […] Read more
ADM sells stake in Canada Malting owner GrainCorp
Plentiful feed supplies weigh on feed barley prices
CNS Canada — A steady stream of fusarium-damaged wheat is flooding Alberta feedlots these days, giving ranchers a variety of choices on what they can give to their animals — but also keeping feed barley prices in check. “That has definitely been heavy on the barley,” said Allan Pirness of Marketplace Commodities in Lethbridge. That […] Read more
Wheat commission directors acclaimed
Reading Time: < 1 minute Alberta Wheat Commission directors and reps from Regions 1 and 5 have been acclaimed to three-year terms. In Region 1, Jason Saunders from Taber and Gary Stanford from Magrath join the board along with Cole Siegle from Clyde and Warren Sekulic from Rycroft in Region 5. Henry Vos in Region 5 and Lynn Jacobson in […] Read more
Rising durum bids topping out in Western Canada
CNS Canada — Durum bids in Western Canada posted solid gains over the past two months, with concerns over the quality of the crop behind much of the strength. Prices are showing signs of topping out, though — and the highs may be in for now. Spot durum bids in southern Saskatchewan, where the bulk […] Read more
Prince Rupert needs to be part of rail transport revamp
Expanding the northern B.C. port should be a key part of $10.1-billion plan to improve transportation
Reading Time: 3 minutes The Port of Prince Rupert should be a major beneficiary of Ottawa’s $10.1-billion pledge to revamp transportation routes to international markets, says one of the world’s biggest pulse exporters. “Prince Rupert is a major opportunity — when we look at Pacific gateway access, we need a balanced approach between Vancouver and the Port of Prince […] Read more
Malt barley market weaker with increased supplies
CNS Canada — Despite reports of quality issues this year, malt barley prices are soft, as increased quantity put a damper on the market. Spot malt barley prices are about $4.75-$4.85 per bushel in Western Canada, Prairie Ag Hotwire data said, which compares with last year’s harvest prices of about $5.25-$5.75. “We do have a […] Read more
Ergot tolerances set for chickpeas, fababeans
Chickpeas and fababean crops graded in Canada will have a new maximum tolerance for ergot next year, even though the cereal disease doesn’t occur in either crop. The Canadian Grain Commission on Wednesday announced an ergot tolerance of 0.05 per cent for all grades of fababeans and chickpeas in Western Canada effective Aug. 1, 2017, […] Read more
Food production in Syria reported at all-time low
Geneva | Reuters — Food production has dropped to an all-time low in Syria where millions of hungry civilians are struggling through their sixth winter in a war zone, United Nations agencies said Tuesday. Many farmers have had to abandon their land, unable to afford the soaring cost of seeds, fertilizers and tractor fuel, the […] Read more
Weaker loonie underpins Prairie wheat bids
CNS Canada — Cash spring wheat and durum bids in Western Canada moved higher during the week ended Monday, as weakness in the Canadian dollar helped underpin basis levels. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were up $1-$5 per tonne compared to the previous week. Average prices ranged from […] Read more
CP says its grain movement to Vancouver is its best-ever last month
Canadian Pacific Rail says its western grain movements in October were its best ever despite dealing with a weather-delayed harvest. A record 15,865 carloads were moved to West Coast ports in October, besting the previous record of 15,449 carloads in March 2016. Total Western Canadian grain movements in the month climbed 3.9 per cent over […] Read more
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