The Canadian Wheat Board's winter rail program is on target to meet export expectations made in the fall, according to a CWB official. The CWB's winter rail program transports grain from Western Canada and already-stored supplies at Thunder Bay, Ont. to eastern export facilities while the Great Lakes and St. Lawrence Seaway are closed for[...]
CWB winter rail program nears finish line
Northern flow of U.S. DDGS stalled
High prices and ample supplies of domestic feed grains are limiting the amount of distillers dried grains with solubles (DDGS) finding their way into western Canadian cattle rations from the US. That situation is now expected to continue as long as the price spread between domestic wheat and barley and the U.S. imports remains wide. […] Read more
Global commodity traders now likely to consider IPOs
Where Glencore is going, other international commodities traders are almost certain to follow. The Swiss-based metals, oil and grains dealer, which launched an initial public offering (IPO) valued at up to $12.1 billion on Thursday (all figures US$), is likely to have the field clear while it taps investor appetite for profits from the world’s […] Read more
Major fresh vegetable packer to double capacity
Canada’s biggest fresh produce processor has picked up public funding toward an $8.3 million expansion with which it plans to double its production capacity and boost its market reach. Pride Pak Canada on Monday confirmed a $2.3 million loan through Ontario’s economic development ministry for the expansion work at its Mississauga facility. The investment will […] Read more
Prairie flooding delays seeding two weeks so far
Farmers in flooded Western Canada look to plant at least two weeks later than normal as average to heavy snowpack melts on saturated fields and causes rivers to overflow. The most optimistic scenario would see farmers in Saskatchewan and Alberta, the two biggest producers of wheat and canola, start planting in early May, assuming that […] Read more
Man. budget extends, expands farmers’ tax credits
Tax credits for investments in processing equipment and farm odour control are to be extended past their expiry dates in Manitoba’s latest provincial budget. Tuesday’s budget, seen by several observers as a pre-election document ahead of the next provincial vote on Oct. 4, also sees a sales tax exemption expanded to include sales of heat-generating […] Read more
EU’s glyphosate tolerances loom over lentil trade
Updated, April 13 –– Canada’s lentil industry wants to see the European Union afford the same tolerances for glyphosate residue on lentils as it does on other pulse crops. The CEOs of Pulse Canada and the USA Dry Pea and Lentil Council say they’ve booked meetings this week across the European continent with pulse buyers […] Read more
Sources scotch rumours of BASF bid for Monsanto
Germany’s BASF SE has no plans to buy global biotech seed company Monsanto, sources with knowledge of the situation said Tuesday. Rumours that a buyout was imminent sent shares of Monsanto up as much as four per cent while shares of BASF, the world’s largest chemical maker, fell 2.8 per cent to 62.59 euros. A […] Read more
Costs, lower attendance lead to loss for Agribition
Record revenues in 2010 for one of Canada's biggest livestock shows were topped only by its record expenses, leaving Canadian Western Agribition with a loss of just over $200,000. Agribition on Thursday reported a loss of $204,769 on revenues of $3.12 million for its fiscal year ending Jan. 31, down from a profit of $1,361[...]
CN adds more containers for grocery goods
Aiming to boost its share of Canada’s domestic grocery and consumer goods shipping business, Canadian National Railway (CN) has bought over 1,000 new containers to cater to that market segment. About 80 per cent of the new containers are heated to carry “temperature-sensitive” goods year-round, while the remainder are standard dry containers, the railway said […] Read more
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