Reuters — Canadian Pacific Railway said on Monday it had scrapped efforts to buy Norfolk Southern, almost six months after it launched its unsolicited US$28 billion bid for the fourth-largest […] Read more
Mustard
CP scraps plans to buy Norfolk Southern
Glencore sells 40 per cent of agribusiness to CPP
London | Reuters –– Commodity miner and trader Glencore has agreed to sell 40 per cent of its agricultural unit to Canada’s state pension fund for US$2.5 billion, the company’s […] Read more
CPP reported in talks for stake in Glencore agribusiness
Reuters — Commodity trading and mining firm Glencore is in advanced talks to sell a stake in its agricultural business to the Canada Pension Plan Investment Board (CPPIB), the Wall […] Read more
Transport review urges scrapping railway grain revenue cap
Winnipeg | Reuters — Ottawa should phase out over seven years its cap on the amount of revenue railways can earn transporting grain, a study for the Canadian government recommended […] Read more
Agrium’s forecast disappoints
Reuters — Canadian fertilizer and ag retailer Agrium has joined rival PotashCorp in forecasting a weaker-than-expected 2016 profit, as prices for crop nutrients remain weak. Agrium’s Toronto-listed shares fell as […] Read more
Baltic index slips to fresh low, demand concerns persist
Reuters — The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying industrial commodities, slipped to another all-time low Tuesday on worries about vessel oversupply and slowing […] Read more
CN to challenge latest grain revenue penalty
Ordered to hand over more than $7 million in Prairie grain handling revenue and related fines for the 2014-15 crop year, Canadian National Railway now plans to challenge the bill […] Read more
CP cuts raise worry over potential slowdown
CNS Canada –– Canadian Pacific Railway’s decision to cut 1,000 jobs has caught the attention of two Prairie farm leaders. Norm Hall, president of Agricultural Producers Association of Saskatchewan, worries […] Read more
Lower loonie helps farmers, but only so much
CNS Canada — The slumping price of oil continues to weigh on the Canadian dollar, while at the same time providing a boost to Canadian grain prices. Out-of-country buyers tend […] Read more
Canada’s organic market to focus on special crops in 2016
CNS Canada — The spotlight is on special crops in Canada’s organic market, as new-crop bids for 2016 start to appear. “It’s a bit of a switch from normal,” said […] Read more