(Dave Bedard photo)

Cargill books higher profits, warns of tough markets

Reuters — U.S. agricultural commodities trader Cargill on Thursday reported a rise in third-quarter profit on stronger results in food ingredients and grain handling, but warned about headwinds from oversupplied grain markets and low commodity prices. The privately-held company is exiting lower-margin operations, including its U.S. pork business, and expanding deeper into food ingredients and […] Read more

Canadian wines certified as organic in Canada can now be exported to the EU without another layer of certification. (Southbrook.com)

Wine, foreign content now covered in organic pact with EU

The deal that clears Canadian-certified organic food for sale as organic in the European Union is now expanded to cover Canadian-processed products with some imported ingredients — and to include organic wine. Canada’s Agriculture Minister Lawrence MacAulay and EU Agriculture Commissioner Phil Hogan on Thursday confirmed the expansion of scope for the EU-Canada Organic Equivalence […] Read more





(Dave Bedard photo)

CPP reported in talks for stake in Glencore agribusiness

Reuters — Commodity trading and mining firm Glencore is in advanced talks to sell a stake in its agricultural business to the Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported, citing people familiar with the matter. The CPPIB would take a stake of up to 40 per cent, valuing the business at […] Read more

(USDA.gov via Flickr)

U.S. acreage plans not set in stone as corn price drops

Washington | Reuters –– U.S. farmers could plant more soybean acres than suggested in the government’s acreage forecast issued Thursday, as recent gains in the futures market tempted them to alter their corn-heavy seeding plans, growers and analysts said. The U.S. Agriculture Department report showed farmers intend to plant 93.601 million acres of corn this […] Read more



Durum wheat. (Gipsa.usda.gov)

Durum prices sluggish ahead of upcoming harvests

CNS Canada — Canada’s durum prices are losing their premium over other wheat markets, but staying relatively static, despite hearty harvests and lagging demand, one analyst said. “I think what will drive the durum market here now is the overall wheat complex,” said Jerry Klassen, manager of the Canadian office for Swiss-based grain trader GAP […] Read more


(LDCom.com)

Louis Dreyfus reports lower profits, seeks partners

Paris | Reuters — Louis Dreyfus is seeking partners for some of its businesses to help the commodity trading group to weather a market downturn that hit full-year profits. Lower prices, plentiful supply and faltering economic growth in emerging economies have put pressure on commodity traders such as Louis Dreyfus that collect, export and process […] Read more

(Photo courtesy General Mills via Flickr)

General Mills to label GMOs in U.S. products

Reuters — General Mills on Friday said it would begin putting labels on its products that contain genetically engineered ingredients, a move that comes days after U.S. senators failed to advance legislation aimed at blocking Vermont from requiring such labels on July 1. U.S. consumer are calling for greater transparency around food production and sourcing, […] Read more