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Markets

Durum faring better in SE Alta: CWB tour

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Skiff, Alberta / Reuters — Durum, the wheat used to make pasta, has fared better against dry conditions than other major crops in a pocket of southeastern Alberta, crop tour scouts noted on Wednesday. Durum is typically planted in drier soils than spring wheat, but fields still looked surprisingly decent, given some of the driest […] Read more
Markets

CWB pegs canola production at 12.18 mln tonnes

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Commodity news Service Canada — CWB is estimating the Canadian canola crop will produce 12.18 million tonnes in 2015/16 (Aug/Jul), according to a supply and demand table released via the Market Research Services Twitter account on Wednesday. The projection is below a previous estimate from the company of 12.60 to 13.00 million tonnes, which was […] Read more
Crops, Markets

Spring wheat yields puny in dry Alberta: CWB tour

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Lethbridge/Reuters — Spring wheat yields measured less than half of last year’s results in drought-stricken southeastern Alberta, but were on track to set a record high in southern Manitoba, during a Canadian crop tour that saw the results of wildly contrasting weather. The tour organized by CWB Market Research Services is travelling on three routes […] Read more
CWB’s elevator under construction at St. Adolphe, Man. in May. The former Canadian Wheat Board has been putting up its own grain handling assets since its deregulation. (CWB.ca)
Crops, Markets

Farmers play last card in planned CWB class action

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One claim remaining from an unsuccessful bid at a class action suit by four Prairie farmers, over payouts to producers from the former Canadian Wheat Board, will be the farmers’ basis for a new filing. The four farmers, whose previous proposed class action was dismissed with costs in April by the Supreme Court of Canada, […] Read more
(PortOfChurchill.ca)
Crops, Markets

Late start expected for Manitoba’s Port of Churchill

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CNS Canada — Manitoba’s northern Port of Churchill will start its shipping season later this year, as its operator hopes to lower the cost of maintenance on the railway serving the port. Merv Tweed, president of port and railway operator OmniTrax Canada, said the company expects the first grain vessel will go out sometime in […] Read more
Western Stevedoring’s Lynnterm Terminal, shown here, is now the subject of a feasibility study as the possible site of a new export terminal for Prairie grain. (Colin Jewell photo courtesy Port Metro Vancouver)
Crops, Markets

CWB’s chosen suitor weighs West Coast terminal idea

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The new Prairie grain player tapped to take a majority stake in the former Canadian Wheat Board is now considering the possibility of its own port terminal. Bunge Canada and Saudi-owned crown corporation SALIC Canada, in their joint venture G3 Global Holdings, have agreed to a separate joint venture with West Coast port logistics firm […] Read more
(Dave Bedard photo)
Crops, Markets

No emergency debate on CWB sale

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Members of Parliament won’t be having a debate on the sale of the former Canadian Wheat Board anytime soon. Andrew Scheer, speaker of the House of Commons, on Monday rejected the request from Pat Martin, the New Democrats’ MP for Winnipeg Centre, for an emergency debate on CWB’s planned sale of a 50.1 per cent […] Read more
The CWB Marquis, CWB’s new laker vessel, is shown here before leaving China in October last year. (CWB.ca)
Crops, Markets

Opposition seeks Commons debate on CWB sale

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The federal opposition New Democrats are asking for an emergency debate in the House of Commons on the pending sale of majority control in CWB, the former Canadian Wheat Board. Winnipeg Centre MP Pat Martin, the party’s critic for public works and government services, announced Friday he has written to Commons Speaker Andrew Scheer requesting […] Read more
G3’s Karl Gerrand, CWB CEO Ian White, Agriculture Minister Gerry Ritz and CWB chief strategy officer Dayna Spiring (from left) announce G3’s $250 million plan to take a majority stake in CWB. (Dave Bedard photo)
Crops, Markets

Bunge, Saudi Arabia to buy control of CWB

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Agribusiness giant Bunge and the Saudi Arabian government’s ag investment arm are the joint “successful acquirer” of the former Canadian Wheat Board. Bunge Canada and SALIC Canada, an arm of the Saudi Agricultural and Livestock Investment Co., on Wednesday announced their new Winnipeg-based joint venture, G3 Global Grain Group, will pay $250 million to CWB […] Read more

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