Cream of Wheat maker to buy Crisco line from Smucker

Shortening, cooking oil brand goes to B+G Foods

Reading Time: 2 minutes The U.S. company behind the Crisco brand of cooking oils and shortenings is selling that product line to the maker of Cream of Wheat cereal and Green Giant vegetables. New Jersey-based B+G Foods announced Monday it will buy the Crisco product lines from Ohio-based J.M. Smucker for about US$550 million (C$725.1 million). The sale includes […] Read more

Record-high Canadian canola supplies in commercial pipeline

Reading Time: < 1 minute MarketsFarm — Visible canola supplies in the Canadian commercial pipeline are sitting at historically high levels, according to Canadian Grain Commission data. A total of 1.75 million tonnes of canola were sitting in commercial hands across Canada during the week ended Oct. 18 — only slightly off the record of 1.786 million tonnes set only […] Read more

Canada’s wheat ending stocks projections raised

Reading Time: < 1 minute MarketsFarm — Canadian wheat ending stocks for the current 2020-21 marketing year are forecast to be larger than earlier expectations, according updated supply/demand estimates Thursday from Agriculture and Agri-Food Canada. All-wheat ending stocks for 2020-21 are now forecast at 6.3 million tonnes, which compares with the September estimate of 5.9 million. The total wheat carryout […] Read more



ICE weekly outlook: Will canola’s bull market continue?

Loonie's strength has oddly little effect

Reading Time: 2 minutes MarketsFarm — Canola has been seeing terrific days on ICE Futures so far in October, thanks to a bull market generated by good demand and further supported by traders looking to roll out of their November contracts as those soon expire. As October winds down, the big question is: will canola’s ride come to an […] Read more

Grain, oilseed exports running ahead of average

Reading Time: < 1 minute MarketsFarm — Canadian grain and oilseed exports have left the country at a rapid pace during the first 10 weeks of the 2020-21 crop year, with canola, wheat,and barley movement-to-date all up substantially on the year. Total exports of Canada’s major grains and oilseeds as of Sunday came in at 9.57 million tonnes, according to […] Read more

China denies ‘coercive’ diplomacy with Canada

Envoy again urges release of Huawei executive

Reading Time: 2 minutes Ottawa | Reuters — China on Thursday denied it had taken two Canadian men hostage, and repeated a call for the release of a Huawei Technologies executive held in Canada who faces extradition to the United States amid a long-running diplomatic dispute. Huawei chief financial officer Meng Wanzhou, a Chinese citizen, was arrested in Vancouver […] Read more


Farmer and activist Percy Schmeiser, 89

Thorn in Monsanto's side also the subject of a new major film

Reading Time: 3 minutes Funeral services are to be held and livestreamed Saturday for Prairie farmer, businessman and activist Percy Schmeiser, best known for his ultimately unsuccessful court battles with the company behind Roundup Ready canola. Schmeiser, who farmed at Bruno, Sask., about 90 km east of Saskatoon, died Tuesday at age 89. According to Saskatchewan media, he had […] Read more

ICE weekly outlook: Canola firm at midweek

Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts have steadied after slipping slightly following Canada’s Thanksgiving long weekend, with nearby attention on speculations rolling positions out of the front month. The nearby November contract closed Wednesday at $526.10 per tonne, gaining slightly after incurring losses the day prior. Market participants adjusting positions ahead of the November contract’s […] Read more