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Pulses

(File photo by Dave Bedard)
Crops, Reuters

Kansas City Southern plans to accept CP’s bid

Deal would create new lanes for Prairie freight, CP says

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Reuters — U.S. railway Kansas City Southern said on Sunday it planned to accept Canadian Pacific Railway’s US$27.2 billion cash-and-stock acquisition offer as superior to its US$29.6 billion deal to sell itself to Canadian National Railway. CN now has until the end of Friday to submit a better offer or lose its deal with KCS. […] Read more
Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)
Crops, Reuters

Louis Dreyfus completes stake sale to ADQ

Deal includes long-term supply line to UAE

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Paris | Reuters — Louis Dreyfus Co. (LDC) said on Friday it had completed the sale of a 45 per cent indirect stake to Abu Dhabi holding firm ADQ, marking the arrival of the first non-family shareholder in the agricultural commodity group’s 170-year history. The overall value of the deal was not disclosed but LDC […] Read more
(Alfio Manciagli/iStock/Getty Images)
Crops, Markets

Canola ending stocks down on year, but beat expectations

StatsCan pegs barley ending stocks at record low

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MarketsFarm — Canadian canola ending stocks were down sharply at the end of 2020-21 compared to the previous marketing year, but still came out well ahead of trade expectations. Many other crops also saw larger-than-expected carryout numbers in Statistics Canada’s principal field crop stocks report as of July 31, 2021, released Wednesday. According to MarketsFarm […] Read more
Chickpeas. (CalypsoArt/iStock/Getty Images)
Crops, Markets, Pulses

Pulse weekly outlook: Chickpeas find high-priced silver lining

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MarketsFarm — Like many other crops across Western Canada, chickpeas weren’t immune to hot and dry growing conditions over the summer. This year’s domestic chickpea crop is only expected to weigh in at 63,000 tonnes, according to Statistics Canada — less than one-third of the five-year average of 189,600 tonnes. In Saskatchewan, some parts of […] Read more
(Bondarillia/iStock/Getty Images)
Crops, Markets, Pulses, Weather

Pulse weekly outlook: Tight Canadian supplies to cut into exports

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MarketsFarm –– Canadian pulse supplies during the 2021-22 marketing year will be the tightest of the past decade due to drought during the growing season, with the country likely to be a much smaller player in the international export market for peas, lentils and chickpeas as a result. Statistics Canada pegged the country’s 2021-22 pea […] Read more
A Kansas City Southern (KCS) rail car at Toluca, Mexico on Oct. 1, 2018. (File photo: Reuters)/Edgard Garrido)
Crops, Reuters

U.S. regulator rejects CN’s voting trust to buy Kansas City Southern

CP rips CN's play as 'illusory and not achievable'

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Reuters — The U.S. rail regulator on Tuesday rejected a voting trust structure that would have allowed Canadian National Railway (CN) to proceed with its US$29 billion proposed acquisition of U.S. peer Kansas City Southern. The decision was a blow to the deal that would create the first direct railway linking Canada, the U.S. and […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

Smaller crops anticipated in looming StatsCan report

Survey-based data due out Monday

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MarketsFarm — Heat and drought across Western Canada during the summer of 2021 seriously cut into the country’s crop production, raising traders’ expectations for reduced yields across the board when Statistics Canada on Monday releases its first production estimates of the year. Canola production is estimated at 11.5 million to 16 million tonnes, which would […] Read more
World Food Programme executive director David Beasley speaks during an interview with Reuters in Doha, Qatar on Aug. 24, 2021. (Photo: Reuters/Alexander Cornwell)
Crops, Reuters, Weather

Afghanistan ‘marching towards starvation,’ UN food chief says

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Doha | Reuters — Millions of Afghans could soon face starvation due to a combination of conflict, drought and the coronavirus pandemic, the executive director of the World Food Programme said on Tuesday, calling on political leaders to act fast. “There’s a perfect storm coming because of several years of drought, conflict, economic deterioration, compounded […] Read more
A Kansas City Southern (KCS) rail car at Toluca, Mexico on Oct. 1, 2018. (File photo: Reuters)/Edgard Garrido)
Crops

U.S. railway’s board sticks with CN’s bid

Kansas City Southern board spurns sweetened CP bid

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The board of directors for a U.S. railway facing takeover bids from each of Canada’s big two railways is sticking with Canadian National Railway’s (CN) proposal. The board for Kansas City Southern (KCS), in a release Aug. 12, said it unanimously agrees an upgraded Aug. 10 cash-and-stock bid from Canadian Pacific Railway (CP) “does not […] Read more

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