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Signage on Viterra’s office building in Regina. (Dave Bedard photo)
Crops, Markets, Reuters

Viterra to exit Russian grain trade

The company's team in Russia to create new grain exporter

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London | Reuters — Global grain trader Viterra’s management team in Russia plans to create an independent Russian grain exporter once the company ceases export activities in the country, the head of its Russian office, Nikolai Demyanov, told Reuters on Thursday. Viterra — whose owners include mining and trading giant Glencore and the investment management […] Read more
(File photo by Dave Bedard)
Crops

Railways push back on feds’ proposed interswitching revival

Railways also oppose ban on replacement workers

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With Easter less than two weeks away, an Easter egg in the federal government’s 2023 budget calls for a new pilot program to again provide Prairie grain shippers with extended interswitching. Finance Minister Chrystia Freeland’s budget, released Tuesday, laid out a list of investments to “further strengthen Canada’s transportation systems and supply chain infrastructure.” A […] Read more
ICE July 2023 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: Not a matter of when, but where canola peaks

Prevailing trend remains downward

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MarketsFarm — As the rally in canola on ICE Futures continued Wednesday, an analyst stressed it’s not when this upswing ends, but where. David Derwin of PI Financial in Winnipeg spoke of when canola prices were falling, and they broke through that psychological barrier of $800 per tonne on their way down. “That was the […] Read more
CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat up on Cargill’s Russia decision

Corn firm ahead of U.S. planting report; soy up on Argentina concerns

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Reuters — Chicago wheat futures rallied and closed higher on Wednesday, after global grain trader Cargill said it would take a further step back from the Russian market by no longer handling the top wheat supplier’s grain at its export terminal from July. Cargill’s shipping unit will continue to carry grain from the country’s ports, […] Read more
(Dave Bedard photo)
Crops, Reuters, Spring Wheat

Cargill plans to halt grain export activities in Russia

Viterra also set to halt grain trading in Russia, sources say

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Moscow/Chicago | Reuters — Cargill said Wednesday it would take a further step back from the Russian market by stopping handling Russian grain from its export terminal from July, although its shipping unit will continue to carry grain from Russian ports. Most international grain traders have stopped new investment in Russia since last year following […] Read more
File photo of black beans. (Nhattienphoto/iStock/Getty Images)
Crops, Pulses, Weather

Pulse weekly outlook: For growers, spring still far away

Just 'minor changes' expected in Manitoba acres

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MarketsFarm — Springtime still seems distant for southern Manitoba as snow remains and freezing temperatures persist. However, provincial pulse specialist Dennis Lange said current conditions are setting up well for seeding after temperatures rise and snow melts. “We’re still a little ways off. There are still snow drifts in the fields in most areas of […] Read more
Canada Malting’s processing plant in Montreal. (CanadaMalting.com)
Barley, Crops, Reuters

France’s InVivo makes bid for United Malt

Bid would include Canada Malting business

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Reuters — United Malt Group has received an indicative, non-binding offer from Malteries Soufflet, a branch of French agribusiness InVivo, the Australian commercial maltster said on Tuesday, valuing it at A$1.5 billion (C$1.36 billion). The A$5 per share offer represents a 45.3 per cent premium to United Malt’s last close of A$3.44. Trading in shares […] Read more
CBOT May 2023 soft red winter wheat with 20-day moving average, MGEX May 2023 hard red spring wheat (yellow line) and K.C. May 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Chicago grains up on U.S. planting uncertainty

Hard wheats 'leading the way'

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Mexico City | Reuters — Chicago corn futures reversed losses to close higher on Monday on concerns about U.S. planting delays, and wheat and soy also made gains. Corn made its comeback later in the session as traders speculated on weather conditions and planting schedules for springtime crops as cold temperatures linger in the northern […] Read more

Canadian Cattlemen Presents: Depth of Field

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