Reuters — Canadian Pacific Railway (CP) is looking to acquire U.S. peer Norfolk Southern, business news service Bloomberg reported Monday, citing people familiar with the matter. Canada’s second-largest railroad operator has already raised financing and held early-stage merger talks with Norfolk Southern, Bloomberg reported, citing two of the people. Freight carried by major U.S. railroads […] Read more
Flax
CP said exploring Norfolk Southern takeover
Kraft Heinz to shut SW Ont. salad dressing plant
Merged food and condiment giant Kraft Heinz will shut down its salad dressing and sauce factory in southwestern Ontario and six other U.S. plants in a bid to cut its “excess capacity.” The company announced Wednesday it will shut its Richardson Foods plant at St. Marys, Ont., which makes and sells salad dressings, sauces and […] Read more
Agrium bucks fertilizer sector trend with Q3 profit
Reuters — Canadian fertilizer and farm retail dealer Agrium on Thursday reported quarterly profit jumped nearly nine per cent, as higher sales volumes and lower costs helped it buck the sector’s trend of weaker earnings. Weaker currencies in fertilizer-buying markets such as Brazil and India are weighing down prices, leading rivals PotashCorp and Mosaic Co. […] Read more
Crunch time for Manitoba producers to fertilize
CNS Canada — The clock is ticking for Manitoba producers who wish to lay down nitrogen or phosphorous on their fields. Wet conditions in many parts of the province are making it tough for farmers to get their machines onto fields, according to Dan Mazier, president of Keystone Agricultural Producers. “We just drove from Winnipeg […] Read more
Canada to review TPP pact, seek public input
Ottawa | Reuters –– Canada’s new Liberal government will review a landmark Pacific trade deal negotiated by the outgoing Conservatives and wants public input on the accord, Trade Minister Chrystia Freeland said Thursday. Some Canadian dairy farmers and auto workers say their jobs could be threatened by the 12-nation Trans-Pacific Partnership, which seeks to cut […] Read more
Cereals North America: Communication key to improved grain transportation
Winnipeg | CNS Canada –– Canada’s grain transportation system is running relatively smoothly for the time being, but there is still plenty of room for improvement — and better communication between participants is seen as a way to alleviate future bottlenecks. The 2013-14 crop year, with its logistical challenges and, eventually, federal government intervention, are […] Read more
More grain revenue on less grain in CN’s Q3 ledger
Lower grain traffic compared to last year’s record crop year hasn’t translated to lower third-quarter grain revenue for Canadian National Railway (CN). Montreal-based CN on Tuesday booked overall net income of $1.007 billion on $3.222 billion in gross revenue for its third quarter (Q3) ending Sept. 30, up from $853 million on $3.118 billion in […] Read more
Flax prices pressured
Seasonal harvest pressure has weighed on flaxseed bids in Western Canada over the past month or so, but the weaker Canadian dollar is providing some support. Current spot flaxseed bids are in the $11.00 to $11.50 per bushel area, with top-end prices having lost over a dollar over the past month, according to Prairie Ag […] Read more
Feed: U.S. cattle on feed edge up
CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Monday, Oct. 26. • CBOT corn futures were stronger on Monday, with the December contract quoted at US$3.845 per bushel, as a rally in wheat provided spillover support. However, the advancing US harvest and generally improving yield prospects […] Read more
CP books more grain revenue on less grain in Q3
Canadian Pacific Railway (CP) boosted its income from Canadian grain by five per cent in its third quarter ending Sept. 30, on its way to its highest-ever Q3 gross revenue. Across all its business segments, the Calgary-based railway on Tuesday reported net income of $323 million on $1.709 billion in revenue for the quarter, down […] Read more
Cyber-Savvy Farmer
