New York/Chicago | Reuters — Archer Daniels Midland has sold unusually high volumes of ethanol into the Chicago market since late last year as export markets dried up, driving down prices in the U.S. Midwest and angering the company’s rivals, according to traders and regulatory data. The Illinois-based global commodities powerhouse, a major ethanol producer, […] Read more
ADM ramps up ethanol sales in Chicago, irking rivals
Grain firms warn of competitive fairness on Churchill assistance
CNS Canada — The Western Grain Elevator Association (WGEA) wants assurances that any government incentives used to upgrade the rail line to Churchill, Man., and the port there are not used to support competing businesses. Wade Sobkowich, executive director of the WGEA, said the organization’s membership of major grain-handling companies are concerned their competitors could […] Read more
Ford recalls two million trucks over seat-belt fire concerns
Washington | Reuters — Ford Motor Co. said on Thursday it would recall two million F-150 pickup trucks in North America to address fire concerns relating to seat belts that have been linked to three serious incidents but no injuries. The second-largest U.S. automaker said it was aware of 17 reports of smoke or fire […] Read more
Drone data firm invests in precision ag analytics
Southwestern Ontario crop input retailer and grain handler South West Ag Partners has made a deal to sell its precision agriculture analytics business to an expansion-minded drone data provider. Toronto-based Deveron UAS announced Aug. 28 it will trade a 9.9 per cent share of its business plus $320,000 cash for South West Ag’s Veritas Farm […] Read more
AGT sees ‘further port access’ in Hudson Bay deal
The grain industry player in a deal to restore and restart the Hudson Bay Railway and Port of Churchill has factored the port’s access to Arctic tidewater into its business plan. Regina-based pulse processor AGT Food and Ingredients is one of the members of the Arctic Gateway Group, which on Friday confirmed a deal to […] Read more
Hudson Bay rail line repairs to start ‘immediately’
Off-and-on talks toward a new ownership group for the Hudson Bay Railway have produced a deal, which it’s hoped will lead to the line’s repair before this winter, federal officials announced Friday. Federal Trade Diversification Minister Jim Carr and Northern Affairs Minister Dominic LeBlanc announced the Arctic Gateway Group Limited Partnership has bought the Hudson […] Read more
Allflex buys RFID reader maker Agrident
One of the world’s biggest livestock identification firms has expanded its share of the radio frequency ID (RFID) tag reader market with a deal to buy German manufacturer Agrident. Allflex, whose parent firm the Allflex Group rebranded in February under the name Antelliq, announced Aug. 21 it has bought Agrident for an undisclosed sum. Agrident, […] Read more
Former sister firm to buy Outback Guidance
Farm GPS guidance and autosteering equipment company AgJunction is set to sell its Outback Guidance business to a satellite positioning tech firm it spun off five years earlier. Kansas-based AgJunction announced Monday it has sold the Outback assets to Hemisphere GNSS, a Scottsdale, Ariz. company owned by Chinese firm Beijing UniStrong, for an undisclosed sum. […] Read more
Railways say they’re ready for large shipping season
CNS Canada — Canadian Pacific Railway managed to slightly increase its grain shipping volumes last year, despite the extreme cold. CP moved 25.8 million tonnes of western Canadian grain, grain products, soybeans and non-regulated principal field crops during the 2017-18 crop year. That’s a one per cent increase from the previous crop year and one […] Read more
Grain elevators brace for high-volume shipping season
CNS Canada — Grain companies in Western Canada are bracing for another high-volume year, as questions about the system’s ability to handle that amount continue to plague the industry. Wade Sobkowich, executive director of the Western Grain Elevator Association, said despite the heat stress that has hit many crops this year, grain companies expect this […] Read more
