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Peas

(CPR.ca)
Crops, Machinery

CP books more Prairie grain revenue at year-end

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Higher grain revenue on Canada’s Prairies helped lead to record full-year revenues and offset a lower fourth-quarter gross for Canadian Pacific Railway (CP), as the company warned of substantial job cuts ahead. The railway on Thursday reported overall net income of $1.352 billion on record revenue of $6.712 billion for 2015, down from $1.476 billion […] Read more
Red lentils. (Pulse Canada photo)
Crops, Pulses, Weather

India’s pulses under stress, need well-timed rain

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CNS Canada –– India, the world’s largest producer of pulses, needs moisture before crops hit the reproductive cycle at the end of January, or existing losses will become amplified, a weather analyst says. The driest areas in India are important pulse-producing regions in northeastern Andhra Pradesh and neighbouring Uttar Pradesh, said Drew Lerner of World […] Read more
CPG, whose COO and owner Kelly Beaulieu is shown here in a file photo, will get over half a million dollars in public funds for the company’s expansion.
Crops, Fruit/Vegetables, Machinery

Puree processor gets GF2 funds for expansion

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A Portage la Prairie food processor that converts culled vegetables into nutritional purees has received $582,000 from the federal-provincial Growing Value program to increase its capacity. Canadian Prairie Garden Puree Products has acquired new equipment and modified its existing operation in order to cook more types of fruits, vegetables and pulse crops like chickpeas, navy […] Read more
Green peas. (PulseCanada.com)
Crops, Markets, Peas

Limited farmer selling keeping pea prices steady

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CNS Canada –– Prairie pea prices are steady, but farmers are holding out, according to one trader, as emerging new-crop bids grow in strength. “I think what’s moving prices is simply the expectation that (they) can’t go that much lower,” said David Newman of Victoria-area pulse trading and processing firm Commodious Trading. A lack of […] Read more
(CNW Group/Legumex Walker)
Canola, Crops, Markets

Ex-Legumex crush plant gets new owners, supply deal

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Canada’s top grain handler is set to start feeding canola to a U.S. West Coast crushing plant now half-owned by the Prairie company’s parent firm. Regina-based Viterra, the grain handling arm of multinational commodity firm Glencore, on Tuesday announced a supply and marketing deal with Pacific Coast Canola (PCC), a next-to-new crush plant at Warden, Wash., […] Read more
(NSCorp.com)
Crops, Machinery, Reuters

CP revises hostile bid for Norfolk Southern, again

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Reuters — Canadian Pacific Railway slammed railway Norfolk Southern on Wednesday, accusing it of misleading investors even as CP executives rolled out a new bid with increased shareholder protections to acquire the U.S.-based railroad. Executives from Canada’s second-largest railroad said the deal is now in the hands of Norfolk Southern’s shareholders, and urged its board […] Read more
(Dave Bedard photo)
Crops, Markets, Reuters

Glencore shares jump on debt reduction moves, spending cuts

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Johannesburg | Reuters –– Glencore has increased its debt reduction target and deepened its capital spending cuts, stepping up its response to lower commodity prices and boosting its battered shares by 12 per cent on Thursday. The mining and commodities trading firm and owner of Canadian grain handler Viterra said it was targeting net debt […] Read more
(PHMilling.com)
Cereals, Crops

Province backs new Hamilton bulk flour mill

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With public funds in hand, Winnipeg agrifood firm Parrish and Heimbecker is set to build Ontario’s first new flour mill in three-quarters of a century, near the company’s grain terminal in Hamilton. The provincial government on Monday pledged a $5 million investment from the Food and Beverage Growth Fund arm of its $2.5 billion Jobs […] Read more

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