Sydney | Reuters — Australia’s largest-listed grain handler, GrainCorp Ltd., said that suitor Long-Term Asset Partners (LTAP) has withdrawn its A$2.4 billion (C$2.26 billion) takeover bid after due diligence, pushing shares to five-month lows. GrainCorp stock dropped 11 per cent at the open of trade on Tuesday to hit close to where it stood preceding […] Read more
Tag Archives australia — page 14
Suitor quits bid for Australia’s GrainCorp
Feed weekly outlook: Barley acreage buoyed despite current prices
MarketsFarm — International demand for Canadian feed barley has been strong thanks to a 2018 growing season drought in Australia that limited exportable supplies. China purchased nearly 950,000 tonnes of Canadian barley in the first seven months of the 2018-19 year, significantly above the five-year average. However, feed markets in general are quite sluggish ahead […] Read more
Malt barley acreage predicted to increase
MarketsFarm — Industry experts expect malt barley acreage in Western Canada to increase by about five per cent this year, supported by strong prices for both feed and malt. “All indications suggest we’ll see an increase in malt barley, as well as feed,” confirmed Peter Watts of the Canadian Malting Barley Technical Centre. In light […] Read more
Hundreds of thousands of cattle killed by Australian floods
The region has gone from drought to catastrophic floods after receiving 1.5 year’s worth of rain in seven days
Sydney | Reuters – Authorities planned to drop fodder to stranded cattle in Australia’s flooded far north earlier this month where vast parts of the outback are under water and livestock losses are estimated in the hundreds of thousands. Torrential rains that lashed the coastal city of Townsville in Queensland state this week have swept […] Read more
Barley ‘price war’ seen sparked by China, Saudi demand drop
Paris | Reuters — A drop in demand from China and Saudi Arabia sent barley prices tumbling in recent weeks, despite low global supply, and price pressure may continue if harvest prospects for next season remain good, analysts at Strategie Grains said. The barley market rallied earlier in the 2018-19 season with weather-hit crops in […] Read more
U.S. grains: Corn, soy end lower on technical selling
Chicago | Reuters — U.S. corn futures fell more than one per cent on Thursday on a rising estimate of Argentina’s crop and chart-based selling, analysts said, while soybeans and wheat also declined. Chicago Board of Trade (CBOT) March corn settled down 4-3/4 cents at $3.76-1/2 a bushel (all figures US$). March soybeans ended down […] Read more
Feed weekly outlook: Tight supplies, good demand support barley
Solid demand, both domestically and internationally, coupled with tightening world supplies is keeping barley bids well supported in Western Canada and should lead to increased acres this spring. “The price of feed barley is staying historically high,” said Brian Otto, chair of the Barley Council of Canada, noting feed barley at Lethbridge was currently trading […] Read more
GrainCorp says offer not certain enough to make recommendation
Reuters — Australia’s GrainCorp Ltd. on Wednesday said it was providing suitor Long-Term Asset Partners (LTAP) due diligence to put forward a more certain proposal. The country’s largest listed bulk grain handler earlier on Dec. 3 received a buyout proposal from little-known asset manager LTAP in an all-cash deal for A$2.38 billion (C$2.303 billion), or […] Read more
Trade, weather top of mind for 2019 acres
CNS Canada — As Canadian farmers start thinking about what to plant next spring, global trade patterns and weather will play into decision making. “It’s very difficult to decide where this all is going. That obviously also has implications on where the futures prices go and what signals the farmers are taking from that,” said […] Read more
Pulse weekly outlook: Prairie fababeans spike on global production issues
CNS Canada — Fababean prices in Western Canada have seen a boost lately due to global production problems, but according to a buyer this is a temporary situation. “Over the last 45 days we’ve saw this market spike, we’ll call it a buck a bushel that we’ve seen that increase from where we would typically […] Read more
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