Crops , Latest & Featured - Canadian Cattlemen

Saputo’s bakery product lines include Vachon’s butter, pecan, lemon and sugar tarts. (Vachon.com)

Canada Bread to buy Saputo snack cake business

By Canadian Cattlemen Staff December 18, 2014

Canada’s biggest dairy processor is set to sell its baked goods business to Canada Bread for $120 million cash. Montreal-based Saputo’s baked goods business is billed as Canada’s top producer of snack cakes, sold mainly in the Canadian retail market and “on a small scale” in the U.S. The company’s cakes are sold under the […] Read more

Crops, Machinery

CN overshoots 2013-14 grain handling revenue cap

By Canadian Cattlemen Staff December 18, 2014

The Western Grains Research Foundation will get a $4.98 million gift this season from Canadian National Railway, but not out of holiday spirit per se. The Canadian Transportation Agency on Thursday ruled CN, during the 2013-14 crop year, exceeded its maximum allowable revenue from Prairie grain handling by $4,981,915, above its previously set “entitlement” of […] Read more

Crops, Markets, Reuters

U.S. grains: CBOT wheat extends rally, corn hits highest since July

By Mark Weinraub December 18, 2014

Chicago | Reuters — U.S. wheat futures rose on Thursday, extending a winning streak spurred by concerns about Russia cutting back on its overseas shipments, traders said. Corn and soybean futures also firmed, with corn hitting its highest since July 7 during the session. Improving export prospects following China’s approval of some genetically modified strains […] Read more

Crops, Markets, Reuters

Russia adds rail loading to informal curbs on grain exports

By Reuters December 18, 2014

Moscow | Reuters — Russia has significantly cut railway loading of grain for export, industry sources said, adding to informal curbs to overseas shipments. Russia, one of the world’s main wheat exporters, is restricting grain exports to try to cool domestic prices as the country tackles a currency crisis linked to plunging oil prices and […] Read more

Crops, Markets, Reuters, Spring Wheat

CME Group imposes rare halt on wheat futures trading

By Tom Polansek December 18, 2014

Chicago | Reuters –– CME Group briefly halted electronic trading in U.S. wheat futures overnight on Thursday, after prices sank 1.6 per cent in one second as concerns about Russian export curbs roiled the market. The 10-second pause represented only the fourth time this year that the world’s largest futures exchange operator has interrupted trading […] Read more

Crops

Ont. to allow land application of greenhouse feedwater

By Canadian Cattlemen Staff December 17, 2014

Spent nutrient solutions from Ontario’s commercial greenhouses will be made more easily available to crop growers for land application starting in 2015 under a new provincial regulatory framework. Greenhouse growers in the province are already required by law to safely dispose of the greenhouse nutrient feedwater (GNF) after it’s been used, circulated and reused to […] Read more

(Michael Thompson photo courtesy ARS/USDA)

Crops, Weather, Winter Wheat

Recent mild spell seen hurting Prairie winter wheat

By Terryn Shiells December 17, 2014

CNS Canada — Recent milder weather seen in Western Canada was unfavourable for winter wheat crops and has left the crops more vulnerable to winterkill. “The major impact is that it melted some of the snow cover that the winter wheat had, and in a lot of cases now some of those fields are bare,” […] Read more

Crops, Markets

CBOT weekly: Chinese demand weighs on corn, soy

By Dave Sims December 17, 2014

CNS Canada — As the price of oil falls and wheat surges in price due to volatility in Russia, investors in corn and soybean markets are looking to China for near-term direction just days before the calendar year comes to an end. Corn futures at the Chicago Board of Trade finished higher during the week […] Read more

Canola, Crops, Markets

ICE weekly outlook: Canola gains outpacing U.S. market

By Terryn Shiells December 17, 2014

CNS Canada — The ICE Futures Canada canola market moved higher during the week ended Wednesday, despite losses seen in the Chicago soybean market, which normally drives canola. “It’s good sturdy firmness, but I don’t know if there’s anything special behind it,” said Ken Ball of PI Financial in Winnipeg. “Traders tend to trade canola […] Read more

Canola, Crops, Markets

Dreyfus’ Yorkton canola crush plant status still unclear

By Phil Franz-Warkentin December 17, 2014

CNS Canada — Questions linger over the status of Louis Dreyfus Commodities’ canola crushing plant at Yorkton, Sask., which was forced to halt operations in late October due to an explosion at a meal storage facility. The plant has reportedly been back in operation since the beginning of December, but the company will not confirm […] Read more

U.S. grains: Grains off highs with fed in focus, soyoil down more than two per cent

Health Canada proposes new restrictions for dicamba on soybeans

ICE Canada Weekly: More declines on horizon for canola

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