(Photo courtesy Canada Beef Inc.)

U.S. grains: Wheat falls on fund selling

Chicago | Reuters — Chicago Board of Trade wheat futures fell 2.7 per cent on Wednesday to a three-month low on technical selling, plentiful global supplies and forecasts for rains in the U.S. Plains, analysts said. Soybean futures slid as soyoil prices hit their lowest in nearly six years, and corn also declined. At the […] Read more

(Dave Bedard photo)

ICE weekly outlook: Canola overdue for a setback

CNS Canada –– ICE Futures Canada canola futures ended lower during the week ended Wednesday, as the market was overdue for a setback. Canola futures have outpaced outside oilseed markets to the upside in recent weeks, but have hit resistance and are now due for some weakness, analysts say. “What was supporting canola was spread […] Read more


Australia’s temperatures found fastest-rising worldwide

Sydney | Reuters –– Australia faces a rise in temperature of potentially more than 5 C by the end of the century, outpacing global warming worldwide, the country’s national science agency said Tuesday. In its most comprehensive analysis yet of the impacts of climate change, the Commonwealth Scientific and Industrial Research Organization (CSIRO) painted a […] Read more

(Photo courtesy CN)

Grain handle up as CN books record freight in 2014

Canadian National Railway (CN) reported increased revenue from a higher grain and fertilizer handle as part of its “record full-year freight volumes” for fiscal 2014. The railway on Tuesday released fourth-quarter and 12-month results, booking substantially higher revenues and profit in 2014 over 2013. Montreal-based CN reported $844 million in net income on $3.207 billion […] Read more





(Dave Bedard photo)

Cargill likely to stay private, CEO says

Miami | Reuters — Cargill, one of the world’s largest privately held corporations and a top commodities trader, will likely remain private for at least another decade, its CEO said on Tuesday as he assessed challenges facing the 150-year old company. David MacLennan, who has led Cargill for the past 13 months, also revealed that […] Read more

Molson Coors sells U.K. malting business to Soufflet

London | Reuters — Molson Coors UK has agreed to sell its U.K. maltings business Shobnall Maltings to French grain buyer Soufflet Group, the two companies said in a joint statement Monday. The deal will allow Soufflet to enter the British malt market, the second largest in the European Union, while allowing Molson Coors to focus […] Read more