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Oats. (Greg Berg photo)
Crops, Markets, Oats

StatCan expected to raise estimate for oats production

Ending stocks estimate 'probably fairly accurate'

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MarketsFarm — Ahead of the model-based Statistics Canada production report due out on Thursday, Scott Shiels of Grain Millers Canada in Yorkton, Sask. said it’s likely the agency’s numbers for oats will increase. StatCan issued its first model-based production report for 2023-24 on Aug. 29, which placed the country’s oats at about 2.429 million tonnes. […] Read more
CBOT December 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn choppy, wheat hits new contract low

Market eyes USDA's monthly supply-demand report for price direction

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Chicago | Reuters — Chicago corn futures were choppy and wheat futures slid to the lowest level since May on Monday as traders scrambled to adjust their positions ahead of a key government crop report. Corn futures firmed late in the session on short-covering, and as market players debated how big the cuts to the […] Read more
(Bhofack2/iStock/Getty Images)
Crops, Markets, Reuters

J.M. Smucker to buy Twinkies maker Hostess in US$5.6 billion deal

'Very surprised (anyone) is paying this amount'

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Reuters — J.M. Smucker on Monday agreed to buy Twinkies maker Hostess Brands for US$5.6 billion including debt in a deal that unites two major American snack makers. The deal was worth about $4.6 billion excluding debt, with Jif peanut butter maker Smucker paying Hostess shareholders $34.25 per share (all figures US$). The cash-and-stock offer […] Read more
File photo of a Prince Edward Island potato field. (Onepony/iStock/Getty Images)
Crops, Potatoes

P.E.I. potato growers, CFIA to draft plan for ‘pest-free places’

Plan would support movement of seed potatoes, feds say

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A system of “pest-free places of production” (PFPP) is now on the drawing board for Prince Edward Island’s potato sector, following a meeting between federal and industry officials. Federal Agriculture Minister and P.E.I. MP Lawrence MacAulay on Friday reported meeting with staff and representatives of the P.E.I. Potato Board, to discuss next steps in the […] Read more
(Bhofack2/iStock/Getty Images)
Crops, Markets, Reuters

U.S. food companies go deal hunting as pandemic growth fades

Twinkies maker Hostess exploring a sale

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Reuters — U.S. packaged food companies are set for a flurry of deals in a push to revamp their brand portfolios as their pandemic-era fortunes fade and benefits of price hikes start to taper off. Last month, Campbell Soup struck a $2.7 billion deal for Rao’s sauce maker Sovos Brands (all figures US$). Unilever bought […] Read more
A vessel is seen arriving at Odesa in southern Ukraine under the Black Sea Grain Initiative on April 12, 2023. (Photo: Yulii Zozulia/Nurphoto via Reuters Connect)
Crops, Markets, Reuters

Russian Agricultural Bank could have SWIFT access within 30 days, U.N. tells Moscow

Russia seeking 'actual exemptions' from sanctions

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Reuters — A Russian Agricultural Bank subsidiary in Luxembourg could immediately apply to SWIFT to “effectively enable access” for the bank to the international payments system within 30 days, the United Nations told Russia in a letter, seen by Reuters on Friday. “SWIFT has confirmed that RSHB Capital S.A. would be eligible to apply for […] Read more
File photo of a federal office building in downtown Winnipeg. (Dave Bedard photo)
Crops, Markets

Canada’s canola carryout up on year, wheat down slightly

Barley, oats, peas also up on year

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MarketsFarm — Canadian canola ending stocks edged higher in 2022-23, while wheat carryout was slightly lower, according to the latest stocks data from Statistics Canada, released Friday. Barley, oats and peas also saw increases on the year, while lentil supplies tightened. Total wheat stocks as of July 31, at 3.58 million tonnes were down by […] Read more
CBOT December 2023 soft red winter wheat with 20-day moving average, MGEX December 2023 hard red spring wheat (yellow line) and K.C. December 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets, Reuters

U.S. grains: Wheat hits three-month low

Soy sets two-week low before U.S. crop report

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Chicago | Reuters — Chicago Board of Trade wheat futures hit their lowest price in more than three months on Friday, while soybean futures rose from a two-week low as traders waited for updated U.S. crop data. Trading was choppy and subdued before the U.S. issues its monthly world agricultural supply and demand estimates (WASDE) […] Read more
(Thinkstock photo)
Crops, Markets, Spring Wheat

Prairie cash wheat: Prices for reds rise, amber eases back

Harvest pressure, Canadian dollar also factors

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MarketsFarm — Wheat on the Canadian Prairies was mixed for the week ended Thursday, with gains for Canada Western Red Spring and Canada Prairie Spring Red wheats, while Canada Western Amber Durum slipped back. Kansas City winter wheat and Minneapolis spring futures were higher on the week to provide support for Canadian cash prices, but […] Read more
Close-up file photo of an alfalfa plant in a Canadian field. (Jennifer Seeman/iStock/Getty Images)
Crops, Forages

DLF buys Corteva’s alfalfa seed business

Business to be 'fully transitioned' after 2024 season

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International forage and turf seed firm DLF is stretching its reach in the alfalfa market with a deal for Corteva Agriscience’s assets in that business. The Danish firm announced Wednesday it had acquired Corteva’s global alfalfa germplasm and breeding program for an undisclosed sum, including its current commercial alfalfa varieties and their trademarks such as […] Read more

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