Canada Malting’s processing plant in Montreal. (CanadaMalting.com)

Suitor quits bid for Australia’s GrainCorp

Sydney | Reuters — Australia’s largest-listed grain handler, GrainCorp Ltd., said that suitor Long-Term Asset Partners (LTAP) has withdrawn its A$2.4 billion (C$2.26 billion) takeover bid after due diligence, pushing shares to five-month lows. GrainCorp stock dropped 11 per cent at the open of trade on Tuesday to hit close to where it stood preceding […] Read more



United States Senator and current democratic presidential candidate Bernie Sanders made a stop to the Downtown Farmers’ Market in Des Moines on Saturday, May 4, 2019, to greet Iowans. (Photo: Bryon Houlgrave, The Register (Des Moines) via Reuters Marketplace)

Bernie Sanders promises help for family farms

Reuters — U.S. presidential contender Bernie Sanders unveiled a plan on Sunday to help family farmers and rural residents, promising to break up corporate agricultural monopolies and invest heavily in social and economic programs in struggling rural communities. Sanders, an independent U.S. senator and fierce corporate critic, said on a campaign trip to Iowa that […] Read more

(PerformanceAg.ca)

Alberta crop input retail groups’ deal off

A proposal to bring together two groups of central Alberta crop input retailers has been called off without closing a deal. Crop Management Network (CMN) said Friday the conditional deal it announced in March to buy Performance Ag Group won’t proceed. CMN, a joint venture between an employee-owned network of retail outlets and La Coop […] Read more


Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)

Louis Dreyfus could consider selling stake to regional player

Paris | Reuters — Louis Dreyfus Co., one of the world’s biggest agricultural commodities houses, may consider selling a stake to a regional player to support its development although there are no specific plans to do so, the company said Friday. Agricultural commodities traders have been grappling with lower profits from sourcing and shipping commodities […] Read more

(SKHoward/iStock/Getty Images)

Climate change has U.S. fund managers adjusting agriculture investments

New York | Reuters — After historic floods devastated Midwestern agricultural states this spring, some fund managers are evaluating how climate change will affect the long-term value of companies that make or sell products ranging from tractors to fertilizer. The issue is not simply the unpredictability of weather. Instead, fund managers say, they are struggling […] Read more


(Dave Bedard photo)

Maple Leaf quarterly profit misses estimates as costs rise

Reuters — Packaged meat producer Maple Leaf Foods reported a lower-than-expected quarterly profit on Thursday, hit by higher costs as it invested more in new initiatives and capacity expansion. The company has been keen on expanding in the U.S., seeing growth opportunities in humanely raised animal products and alternative protein sources. In April, the company […] Read more

Fababeans. (TamayoProduce.com)

Pulse weekly outlook: Most Canadian pulse acres to decline

Corrected, May 1 — MarketsFarm — Canadian farmers have been projected to plant fewer acres of pulses, according to Statistics Canada. “Keeping in mind this is the seeding intentions report based on a survey of growers from the beginning of March. It’s as current as the day it was collected,” said Carl Potts, executive director […] Read more


Devin Dreeshen is sworn in on April 30, 2019 as Alberta’s agriculture minister; Premier Jason Kenney looks on. (Video screengrab from Government of Alberta via YouTube)

Alberta UCP’s trade critic named ag minister

Alberta’s new premier has tapped a not-quite-rookie MLA with experience in farming, farm policy and U.S. politics as his new minister of agriculture and forestry. Jason Kenney, sworn in Tuesday as premier, named Devin Dreeshen, the MLA for Innisfail-Sylvan Lake since last July, to handle the ag and forestry file. Dreeshen came to the UCP’s […] Read more