Crops
Reuters — ConAgra Foods, the maker of Slim Jim beef jerky and Chef Boyardee pasta, said it planned to exit its struggling private label foods business as it seeks to boost profit margins and focus on its faster growing consumer foods segment. ConAgra CEO Sean Connolly, who joined in April, said on the company’s earnings […] Read more
ConAgra Foods to exit struggling private label business
Pearce: Cereal seed firm pressing certified seed issue
It’s no secret that the cereal sector has had a tough time trying to convince growers to purchase certified seed, but companies such as C+M Seeds are actively making their case. Palmerston, Ont.-based C+M, during its annual Red Wheat Industry Day on Thursday, brought growers an extensive breakdown of updated plant breeders’ rights (PBR) in […] Read more
U.S. grains: Wheat crumbles after hitting six-month high
Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures plunged 4.4 per cent on Wednesday, with the front-month contract crashing from a six-month high as investors locked in profits from Tuesday’s corn-led rally, traders said. Corn closed mostly firmer after trading in negative territory for much of the day while soybeans […] Read more
NW Sask. sees patchy canola, better cereals
Spring has been tough on many canola crops in northwestern Saskatchewan. “Canola — it’s kind of hit and miss. They’re just all over the place,” said Stephanie McMillan, an agronomist with AgriTeam Services at Glaslyn, Sask., about 90 km south of Meadow Lake. One field might have some plants at the two- to four-leaf stage, […] Read more
Paterson to build central Alta. grain terminal
Winnipeg’s Paterson Grain plans to make its move into the central Alberta grain handling market with a new inland terminal about an hour southeast of Edmonton. Paterson announced Thursday it plans to build a 55,000-tonne capacity handling site at Daysland, about 40 km southeast of Camrose, to start accepting grain sometime next year. The new […] Read more
Think a big new West Coast terminal is good news? Think again
Expanding storage capacity just helps the big grain companies depress the price paid to farmers
Reading Time: 2 minutes G3 has announced it may build a new grain terminal at the West Lynn terminal on the North Shore of Vancouver’s Burrard Inlet. G3 is the joint venture of U.S.-based multinational grain company, Bunge Ltd., and the Saudi Agricultural and Livestock Investment Co., owned by the Saudi government. It was given the assets of the […] Read more
U.S. grains: USDA data ignite biggest daily rallies in five years
Chicago | Reuters –– U.S. grain and soybean futures on Tuesday climbed to their highest prices since December after the U.S. Agriculture Department said crop stockpiles and spring plantings were smaller than analysts expected. Traders are keeping a close eye on supply data amid uncertainty about how big the autumn corn and soybean harvests will […] Read more
CBOT weekly outlook: Weather seen steering soybeans
CNS Canada — CBOT soybean futures posted solid gains over the past week, coming to a five-and-a-half month high on Tuesday. Weather guided the soybean trade, rather than the U.S. Department of Agriculture’s acreage and stocks reports. John Weyer, co-director of the commercial hedge division at Walsh Trading, said soybeans came in near or above […] Read more
ICE weekly outlook: Canola receives boost from soybeans
CNS Canada — The ICE Futures Canada canola market pulled higher during the week ended Tuesday, following heavy gains in the U.S. soy complex which advanced to its highest point in five months Tuesday. Traders were keenly observing Tuesday’s 2015-16 Statistics Canada acreage report which called for 19.84 million acres of canola in Western Canada. […] Read more
Potash miner Sirius wins approval for mine in British national park
London | Reuters — Potash mine developer Sirius Minerals on Tuesday won the go-ahead to build a large mine in a scenic national park in Yorkshire, northern England, a company spokesman said, clearing a major hurdle in the construction of the US$3 billion project. The North York Moors National Park’s planning committee members, who were […] Read more