The Canadian arm of agrifood giant Cargill plans to further expand its reach in the Prairie canola market with a new crush plant at Regina and upgrades elsewhere. The company announced Thursday it would start construction on the $350 million plant “early next year” and expects to have it operating by early 2024, employing about […] Read more
Cargill to crush canola at Regina
New plant to process up to one million tonnes per year
CP CEO rules out raising Kansas City Southern bid
CP's first-quarter profit climbs
Reuters — Canadian Pacific Railway CEO Keith Creel said Wednesday the company will not raise its bid for U.S. railroad Kansas City Southern, saying bigger rival Canadian National’s offer is “not a real deal.” The two bidding companies are locking horns to take control of a vast network of railways across North America, with CN […] Read more
ICE weekly outlook: Canola’s uptrend still intact
MarketsFarm — ICE Futures canola contracts climbed to fresh highs during the week ended Wednesday, with no end to the uptrend in sight from a fundamental standpoint. “We are in the middle of a demand-pull market… and the market has not yet done what it needs to do to accomplish the task of curtailing demand,” […] Read more
CBOT weekly outlook: Futures very likely to remain on upswing
Soyoil driving crop commodity gains
MarketsFarm — As prices rise on the Chicago Board of Trade (CBOT), the opportunity for profit-taking becomes more prevalent. That said, values are very likely to continue increasing overall going into the week of April 26, according to analyst Terry Reilly of Futures International in Chicago. “By the end of this week, I do expect […] Read more
U.S. grains: Corn, soy climb to multi-year highs
Tight supplies, weather woes supportive; wheat also up
Chicago | Reuters — U.S. corn and soybean futures climbed to multi-year highs on Wednesday, supported by firm cash markets as old-crop supplies dwindle and weather issues threaten prospects for the 2021 harvests, analysts said. Wheat futures also rose, drawing additional support from frosty temperatures in the Plains and Midwest. Chicago Board of Trade May […] Read more
U.S. livestock: Cattle, hog futures sag on technical selling
Wholesale beef prices supportive
Chicago | Reuters — U.S. cattle futures closed lower on Wednesday on lacklustre cash markets, soaring feed costs and technical selling, traders said. Chicago Mercantile Exchange June live cattle futures settled down 1.95 cents at 117.25 cents/lb., with chart-based selling accelerating as the contract fell below its 100-day moving average near 117.65 cents (all figures […] Read more
CGC suspends W.A. Grain’s licences to month-end
The firm, with facilities in Saskatchewan and Alberta, can't buy or sell grain in the interim
Licences for Prairie grain and pulse handler W.A. Grain and Pulse Solutions and its primary elevators in Alberta and Saskatchewan have been suspended by the Canadian Grain Commission (CGC). The suspensions took effect at 12:01 p.m. Tuesday, a CGC official said in an interview. “This means for a limited period of time (until April 30) […] Read more
CN challenges CP with Kansas City Southern bid
KCS shareholder warns U.S. regulator 'doesn't like overlap'
Reuters — Canadian National Railway said on Tuesday it had offered to buy Kansas City Southern railroad for about US$33.7 billion, sending shares of the U.S. rail company soaring as investors anticipated a bidding war with Canadian Pacific Railway. CP had agreed a deal to acquire Kansas City Southern for about $25 billion last month […] Read more
Slight adjustments in AAFC’s April supply/demand report
MarketsFarm — Updated supply and demand estimates from Agriculture and Agri-Food Canada, released Tuesday, included only minor adjustments to balance sheets for most major crops. Statistics Canada releases its first survey-based acreage estimates for the upcoming growing season on Tuesday next week (April 27), which should lead to adjustments in subsequent supply/demand projections. Canola ending […] Read more
Virtual town hall on federal Grain Act set for Friday
Time is running out on consultations, but the April 23 event gives farmers a chance to provide input
The deadline for submitting comments to the federal government’s review of the Canada Grain Act and Canadian Grain Commission (CGC) is April 30, but farmers can also offer feedback at a ‘virtual’ town hall meeting this Friday. The Grain Act and its regulations provide the framework for Canada’s grain quality assurance system and it’s the […] Read more
Canadian Cattlemen Presents: Depth of Field
