MarketsFarm — The Port of Churchill is undergoing an ownership transition that will see its OneNorth community and Indigenous partners assume 100 per cent ownership of the Hudson Bay port and the rail line connecting it to northwestern Manitoba. The Churchill Marine Tank Farm and associated assets are also part of the deal, according to […] Read more
Port of Churchill moves to 100 per cent local ownership
Corporate partners step out of owner group
U.S. grains: Wheat down on forecasts for Plains moisture
CBOT soybeans and corn both end higher
Chicago | Reuters — U.S. wheat futures fell to a one-month low on Thursday, pressured by forecasts for welcome moisture in the southern U.S. Plains crop belt that should boost wheat production prospects, traders said. But soybean and corn futures ended higher, supported by South American supply worries and soaring global vegetable oil prices. Chicago […] Read more
BAT looks beyond tobacco to Canadian marijuana
Lucky Strike cigarette maker buys into Moncton's Organigram
Reuters — British American Tobacco (BAT) said Thursday it will buy a nearly 20 per cent stake in New Brunswick-based cannabis producer Organigram for about 126 million pounds (C$221.3 million) as it seeks to expand beyond its main tobacco business. Organigram, headquartered at Moncton, grows cannabis and makes cannabis-derived products in the Canadian market, where […] Read more
U.N. counts cost of ‘man-made’ famines
US$400 for a plate of rice and beans?
New York | Reuters — Nearly 30 years ago a malnourished two-year-old girl died in front of U.S. Ambassador to the United Nations Linda Thomas-Greenfield at a refugee camp in northern Uganda. Two days ago U.N. food chief David Beasley met a starving five-month-old girl at a hospital in Yemen — she died on Thursday. […] Read more
U.S. livestock: CME hog futures higher, cattle end lower
Corn's setback supportive for cattle
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures ended higher on Wednesday, led by firming cash hog prices and rising wholesale pork prices, traders said. CME April lean hog futures ended up 0.425 cent at 88.775 cents/lb., inching closer to a contract high set on Feb. 25 at 90.675 cents (all figures […] Read more
U.S. grains: Corn, soy sag on profit-taking after USDA data
Midwest's winter wheat entering key growth phase
Chicago | Reuters — U.S. corn and soybean futures each fell about two per cent on Wednesday, a day after monthly U.S. Department of Agriculture (USDA) forecasts failed to offer fresh bullish news, freeing traders to book profits following recent multi-year highs, analysts said. Wheat futures also declined, following the trend, with beneficial moisture expected […] Read more
ICE weekly outlook: Canola’s correction likely short-lived given tight supplies
MarketsFarm — The ICE Futures canola market ran into a profit-taking correction on Wednesday, backing away from recently-hit contract highs. While a further correction is possible, the underlying fundamentals remain supportive and canola is expected to retain its relative strength to other oilseeds. “The market needs bullish fuel, but it’s just not getting any,” said […] Read more
Pulse weekly outlook: Pulse Canada CEO retiring
MarketsFarm — After nearly 24 years at the helm of Pulse Canada, Gordon Bacon is retiring as the organization’s chief executive officer. Bacon was Pulse Canada’s first hire and has been its CEO since its inception. “It sounds like a story, but on my first day on the job, I went out and bought a […] Read more
Greece delivers feed to cattle ship at sea for months
Athens | Reuters — Greece will deliver 50 tons of animal feed to the Togo-flagged Elbeik, which has been stuck at sea for nearly three months in the Mediterranean carrying hundreds of cattle rejected by their buyers amid fears of disease, government sources said Tuesday. The vessel is expected to sail for Spain once the […] Read more
U.S. livestock: Lean hogs climb as pork prices rise, slaughter pace slows
Cattle futures anticipate grilling season
Chicago | Reuters — Chicago Mercantile Exchange (CME) lean hog futures rose on Tuesday for a second straight day, supported by rising wholesale pork prices and a smaller weekly kill than a year ago, traders said. CME April lean hog futures ended up 1.05 cents at 88.35 cents/lb., moving back up toward a life-of-contract high […] Read more
Canadian Cattlemen Presents: Depth of Field
