CNS Canada — It seems the recent surge in canola has carried over to the feed barley market near Lethbridge. A weekend frost and other issues saw canola futures jump sharply in recent days, and according to trader Jim Beusekom at Market Place Commodities near Lethbridge, that rally has given strength to the feed barley […] Read more
Lethbridge feed barley feels slight lift from canola
Sources say BASF mulling potential bid for Syngenta
Reuters — German chemicals group BASF is considering a potential offer for Syngenta, its Swiss rival which has received a C$56 billion takeover offer from Monsanto, people familiar with the matter said on Wednesday. BASF is speaking to investment bankers about the possibility of an offer for Syngenta, though it has made no decision and […] Read more
Sask. producer car loader firm owners approve AGT bid
Shareholders in a western Saskatchewan producer car loading firm have approved a deal to sell their loading sites to Regina pulse processor AGT Food and Ingredients for $22 million. AGT announced Tuesday it has completed its deal, announced in April, to buy the bulk loading assets from Eston, Sask.-based West Central Road and Rail. The […] Read more
Prairie wheat bids fall as U.S. futures drop sharply
CNS Canada –– Cash bids for wheat on the Prairies were weaker during the week ended Friday, as a sharp drop in U.S. wheat futures weighed on prices. Average Canada Western Red Spring (CWRS) wheat prices were C$1 to $11 per tonne lower, with bids ranging from about $204 per tonne in north-central Saskatchewan to […] Read more
Gluten-free claim allowed on some oat products
Celiac sufferers needing foods free of gluten will now be able to get certain oat products with a “gluten-free” claim. Federal Health Minister Rona Ambrose on Friday announced the allowed claim for oat products that are produced and processed to avoid cross-contamination by gluten from other cereals’ grains and products. Celiac disease, a hereditary condition, […] Read more
New Russian wheat tax puts exporters, traders on edge
Moscow | Reuters –– Russia approved the launch of a new wheat export tax from July 1, which traders say could threaten profits on advance contracts for the new crop if the rouble weakens in coming months. Russia’s government said Friday that the new tax was intended to stop exports surging if the rouble drops […] Read more
Study of CWRS wheats counters diet book’s claims
Winnipeg | Reuters — The amount of protein in Canadian wheat has fluctuated little in 141 years, according to the most extensive study of its kind, countering claims that radical changes in the grain are making people sick. Dieters have shunned wheat, the key ingredient in bread, cookies and noodles, since the 2011 bestseller Wheat […] Read more
Russian ag ministry proposes new wheat export duty formula
Donskoy | Reuters –– Russia’s agriculture ministry said on Tuesday it had finalized the methodology for the calculation of a wheat export duty that will be introduced from July 1. It has proposed exporters pay a duty of one rouble per tonne on wheat priced up to 11,000 roubles (C$268) per tonne on a free-on-board […] Read more
Prairie wheat bids rise with improving basis
CNS Canada –– Cash bids for Canadian wheat were stronger during the week ended Friday, as basis levels improved. A firmer tone in U.S. wheat futures was also supportive. Average Canada Western Red Spring (CWRS) wheat prices were C$6-$12 per tonne higher, with bids ranging from about $204 per tonne in north-central Saskatchewan to $223 […] Read more
Russian wheat prices follow global benchmarks higher
Tikhoretsk | Reuters — Russian wheat export prices rose last week following an increase in global benchmarks and concerns over dry and hot weather in the European part of Russia, analysts said. Russia, one of the world’s big wheat exporters, competes with other global suppliers, including France, where Western European wheat prices hit the highest […] Read more
Cyber-Savvy Farmer
