(Dave Bedard photo)

Glencore shares jump on debt reduction moves, spending cuts

Johannesburg | Reuters –– Glencore has increased its debt reduction target and deepened its capital spending cuts, stepping up its response to lower commodity prices and boosting its battered shares by 12 per cent on Thursday. The mining and commodities trading firm and owner of Canadian grain handler Viterra said it was targeting net debt […] Read more



(Dave Bedard photo)

Monsanto-backed panel says glyphosate not carcinogenic

Reuters — A panel of scientists is disputing a World Health Organization report published earlier this year that concluded glyphosate, the world’s most widely used weed killer and main ingredient in Monsanto’s Roundup herbicide, is probably carcinogenic to humans. The 16-member panel, assembled by Intertek Scientific and Regulatory Consultancy, was to present its findings to […] Read more

Red lentils. (PulseCanada.com)

Lentil prices just keep rising

CNS Canada — Lentil prices just keep moving up in Western Canada, with no end in sight to the rising market as end users work to book coverage. However, the high prices may prove unsustainable, especially in the long run, as values are already expensive for international buyers and strong new-crop prices should lead to […] Read more


(Lisa Guenther photo)

CBOT weekly outlook: Soy, corn hold in trading range

CNS Canada — Supply and demand estimates from the U.S. Department of Agriculture held few surprises and had only limited effects on Chicago Board of Trade corn and soybeans — both rangebound in the short term, according to one U.S.-based analyst. “That report was pretty non-eventful right now,” said Scott Capinegro of Barrington Commodity Brokers. […] Read more

(Dave Bedard photo)

ICE weekly outlook: Canola seesaws with StatsCan report

CNS Canada — ICE Futures Canada canola contracts posted modest losses for the week ended Wednesday, with the January contract falling slightly below the key technical benchmark of $470 per tonne. Still, at least one analyst said he thinks canola is well positioned to climb higher. A bearish Statistics Canada report on Friday pegged canola […] Read more





(Portosdobrasil.gov.br via Flickr)

Dreyfus, Cargill win Brazil port space

Sao Paulo | Reuters –– Louis Dreyfus Commodities and Cargill won an auction on Wednesday to operate a grain terminal at Santos Port for 25 years, while Fibria SA and Marimex won rights to operate pulp areas there leased from Brazil’s government. The three port areas were the first of 93 nationwide that the government […] Read more