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Crops Crops

(NSCorp.com)
Crops, Machinery

Running rights on table in CP bid for Norfolk Southern

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Canadian Pacific Railway (CP) says it hopes to unclog one of the most infamous rail traffic bottlenecks in the U.S. with a bid to buy railway Norfolk Southern. Confirming a recent news report on its plans, CP announced Tuesday it has sent an offer letter to Virginia-based NS. The Calgary company didn’t disclose any financial […] Read more
(Country Guide file photo)
Crops, Markets, Spring Wheat, Winter Wheat

Prairie wheat bids ebb lower

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CNS Canada –– Cash wheat bids across Western Canada ebbed lower during the week ended Friday, as U.S. futures dipped and basis levels fluctuated. Average Canada Western Red Spring (CWRS) wheat prices were down by C$2 to $5 per tonne across the three Prairie provinces, according to price quotes from a cross-section of delivery points. […] Read more
(Scott Bauer photo courtesy ARS/USDA)
Crops, Markets, Reuters

U.S. grains: Soybeans bounce from 6-1/2 year lows

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Chicago | Reuters –– U.S. soybean futures firmed on Monday, rising from 6-1/2 year lows on bargain-buying as investors covered bearish bets amid signs of strong export demand, traders said. Corn futures also closed higher, with traders citing a round of short-covering. The gains in both commodities were kept in check by pressure from burgeoning […] Read more
(Manitoba Co-operator file photo by Laura Rance)
Crops, Machinery, Weather

Warm Prairie soils delay fertilizing ban, winter weights

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Manitoba’s winter ban on nutrient application has been postponed, again, while Saskatchewan has postponed its move to winter weights on its highways, due to warmer-than-average soil temperatures. Manitoba’s water stewardship department announced Friday it will further extend its nutrient application window until midnight, Nov. 19. Variances to Manitoba’s winter fertilizing ban — which typically runs […] Read more
(Dave Bedard photo)
Beef Cattle, Crops, Markets, Reuters

Cargill said restructuring, cutting jobs

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London | Reuters –– Cargill Inc., one of the world’s largest privately held corporations, has launched a restructuring that includes job cuts, one company source and four industry sources said Friday, the latest casualty of a downturn in the farm economy. The 150-year-old company, a top commodities trader, is also closing offices, two of the […] Read more
Winnipeg-based Legumex Walker’s pulse plants are Scoular’s first major play in the Prairie crops sector. (Dave Bedard photo)
Crops, Markets, Pulses

Legumex Walker shareholders approve sale

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Shareholders in Prairie special crops processor Legumex Walker have voted to take a deal for their company’s assets from U.S. grain firm Scoular. Winnipeg-based Legumex reported Monday that shareholders representing just over 76 per cent of its stock have voted 99.6 per cent in favour of selling the company’s special crops division to the Scoular […] Read more
(FPCommerce.com)
Crops, Markets

Canaryseed prices soft, trending weaker

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CNS Canada –– Canada’s canaryseed market is slow and stagnant, according to a Saskatchewan-based industry expert, and he expects prices to move lower before improving. Delivered elevator canaryseed is bringing producers 26.5 to 29 cents/lb., according to Prairie Ag Hotwire. “We might see 25 cents/lb. before we see 30 cents/lb.,” said David Nobbs, chair of […] Read more
(Syngenta.com)
Crops, Reuters

Syngenta reported rejecting ChemChina takeover offer

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Reuters — Syngenta has rejected ChemChina’s offer to buy the Swiss agricultural chemicals group, citing regulatory concerns, Bloomberg reported on Thursday. China National Chemical Corp., better known as ChemChina, offered about 449 Swiss francs (C$597) per share for Syngenta, valuing the Basel, Switzerland-based company at about 41.7 billion Swiss francs (C$55.4 billion), according to the […] Read more

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