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Pulses

Tracy Robinson. (TCEnergy.com)
Crops, Reuters

CN names new CEO, easing tussle with investor

Former CP executive Tracy Robinson returns to rail

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Reuters — Canadian National Railway on Tuesday named industry veteran Tracy Robinson as its new chief executive officer, soothing a months-long tussle with its second-largest shareholder over leadership at the railroad operator. Robinson will replace Jean-Jacques Ruest, who announced his decision to step down from the role in October following investor demands for his exit […] Read more
(Dave Bedard photo)
Crops, Markets

Larger Canadian crops predicted in AAFC’s first 2022 outlook

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MarketsFarm — A return to trend-line yields after the past year’s drought should lead to a significant increase in Canadian crop production in 2022, according to the first supply/demand estimates for the 2022-23 season from Agriculture and Agri-Food Canada (AAFC), released late Friday. Seeded area is expected to be up for wheat and the pulses, […] Read more
Manitoba’s new ag minister Derek Johnson, whose constituency includes Diageo’s Crown Royal distillery at Gimli, congratulated the company on social media Monday for prizes earned at the Canadian Whisky Awards. Those included distillery of the year for Gimli, and Canadian whisky of the year for Crown Royal Nobel Collection Winter Wheat. (Facebook)
General

Manitoba names new ag minister in shuffle

Derek Johnson replaces Ralph Eichler

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Another MLA from Manitoba’s Interlake region has been named to handle the province’s farm file in Premier Heather Stefanson’s latest cabinet shuffle and portfolio restructuring. Stefanson, who replaced Brian Pallister as premier in November, on Tuesday named Interlake-Gimli MLA Derek Johnson as minister of agriculture, replacing Lakeside MLA Ralph Eichler, who has been dropped from […] Read more
File photo of a chickpea crop in India. (Nikhil Patil/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: Chickpea prices reverse direction

Markets correcting lower, buyer says

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MarketsFarm — The chickpea market in Western Canada is undergoing a correction, according to the manager of a pulse buying and processing company in Saskatchewan. With the exception of Desi chickpeas, all varieties of the pulse have seen prices go down two to five cents per pound over the past month, according to Prairie Ag […] Read more
(4loops/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: Peas, lentils may see slight movement

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MarketsFarm — As the calendar changed to 2022, there was not much movement on pulse markets — but they weren’t entirely static, according to a Saskatchewan-based broker. “Yellow and green peas have been moving (lately), but as far as lentils and others, no,” said Dale McManus, broker for Johnston’s Grain at Welwyn, Sask. He attributed […] Read more
Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)
Crops, Reuters

Dreyfus chair owes US$240 million after ADQ deal

Stake sale's proceeds going to repay loan

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Paris | Reuters — Margarita Louis-Dreyfus, chairperson and main shareholder of Louis Dreyfus Co., borrowed about $240 million from Credit Suisse in a reduced loan arrangement following the sale of a stake in LDC, an annual company report showed. Louis-Dreyfus told Swiss business magazine Bilanz in late 2020 she planned to use the proceeds of […] Read more
Mayo Schmidt, shown here speaking in Winnipeg in 2007, has “left his position” as Nutrien’s CEO and resigned from its board, the company said Jan. 4. (Dave Bedard file photo)
Crops, Reuters

Nutrien makes surprise CEO switch again despite strong profits

Abrupt change 'mighty perplexing' to analysts

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Reuters — Canada’s Nutrien, the world’s biggest fertilizer producer by capacity, surprised investors by replacing its chief executive on Tuesday for the second time in eight months, even as the company rakes in strong profits. Nutrien said in a statement it named Ken Seitz, the head of its potash business, as interim chief executive after […] Read more
Photo: File
Markets, Pulses

Pulse weekly outlook: Transport issues, cold weather may affect prices

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MarketsFarm – While significant price movement for pulses has been hard to find as 2022 approaches, major impacts can still be felt when it comes to supply chains. “This time of year, it is very quiet for farmers, processors, exporters, shipping and everything overall,” said Lionel Ector, president of Diefenbaker Spice & Pulse (DSP) in […] Read more

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