Winnipeg | Reuters — Canadian grain shipments by rail have picked up since earlier this month when Ottawa ordered Canadian National Railway and Canadian Pacific Railway (CN, CP) to improve […] Read more
Railways report progress on easing grain logjam
Railways step up service as Ottawa eyes tackling grain backlog
Winnipeg | Reuters — Canada’s two big railways are stepping up service to reduce a backlog of grain shipments that have delayed exports and pushed oat prices to record highs, […] Read more
Cost of Agrium potash expansion jumps on cold, wind
Reuters — Canadian fertilizer producer Agrium said Friday the cost of expanding its west-central Saskatchewan potash mine had jumped 25 per cent from the original estimate, after cold and windy […] Read more
Mosaic stock rises on outlook even as profit plunges
Reuters — Mosaic Co. offered an encouraging outlook and announced a big share buyback on Tuesday, buoying the U.S. fertilizer company’s stock even as it reported a 79 per cent […] Read more
Saputo eyeing further buys
Reuters — Canada’s largest dairy producer Saputo Inc., which recently won control of Australian dairy Warrnambool Cheese and Butter Factory Co., is hungry for further acquisitions in that country, as […] Read more
PotashCorp sees weaker-than-expected year ahead
Reuters — PotashCorp, the world’s biggest fertilizer company, on Thursday reported its smallest quarterly profit in four years and produced 2014 forecasts that were well below Wall Street expectations. The […] Read more
U.S. grains: Wheat rises on import demand, deep-freeze threat
Winnipeg | Reuters — Wheat futures rose on Thursday to an eight-day high as cold weather across the U.S. grain belt raised fears of crop damage and major importers returned […] Read more
Canada, Korea in ‘tremendous’ free trade talks: Ritz
Canada and South Korea are having “tremendous discussions” toward a free-trade agreement, said Canada’s Agriculture Minister Gerry Ritz — a deal that could increase trade in meat and autos. Talks […] Read more
U.S. grains: Soybeans bounce on technical buying, export sales
U.S. grains and soybeans rose on Friday, clawing back some of their earlier losses during the holiday-shortened week. Soybeans gained the most, climbing one per cent on technical buying ahead […] Read more
CPP buying company’s farmland portfolio in Saskatchewan
The Canada Pension Plan Investment Board (CPPIB) said Thursday it had agreed to acquire the assets of Assiniboia Farmland, a fund that owns and manages a large portfolio of farmland […] Read more