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
Rivals see local battles, not global war, with new beer giant
Feed: Australian drought hurts grain production
CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Thursday, Oct. 15. • CBOT corn futures were posting small losses at midday Thursday, with the December contract quoted at US$3.77 per bushel, as the advancing U.S. harvest and relatively favourable yield reports weighed on values. • Drought […] Read more
Feed: Russia may plant more feed, U.K. less
CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Wednesday, Oct. 14. • CBOT corn futures were down by two to three cents per bushel (US$) at midday Wednesday, as the advancing U.S. harvest and relatively favourable yield reports weighed on values. • Barley futures on India’s […] Read more
Prairie wheat bids edge down as loonie rises
CNS Canada –– Cash wheat bids across Western Canada posted small losses over the week ended Friday, as the strengthening Canadian dollar cut into basis levels. Average Canada Western Red Spring (CWRS) wheat prices were generally down by C$1 to $4 per tonne across the three Prairie provinces, according to price quotes from a cross-section […] Read more
Labatt’s owner wins over SABMiller at fifth attempt
Brussels/London | Reuters –– The world’s two biggest brewers agreed on Tuesday to create a company making almost a third of the world’s beer after SABMiller received an improved offer worth more than C$130 billion from larger rival Anheuser-Busch InBev. If it goes through, the deal would rank in the top five mergers in corporate […] 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
Clariant sees biofuels boost from VW diesel affair
Zurich | Reuters –– Swiss specialty chemicals group Clariant expects biofuels to get a boost from the scandal surrounding Volkswagen’s manipulation of diesel motor emissions tests, CEO Hariolf Kottmann told a German newspaper. Clariant is spending 30 million euros (C$44 million) a year to expand capacity in Munich to make bioethanol from wheat straw, and […] 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
Feed grains: Corn edging down, Japan looking for barley
CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Thursday, Oct. 8. • CBOT corn futures were posting small losses Thursday morning, but were holding rangebound overall as traders were squaring positions ahead of Friday’s USDA monthly supply/demand report. December corn was trading at US$3.9450 per bushel […] Read more
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