ADM to upgrade crush plants for soy

Archer Daniels Midland plans to get ahead of increased soy acreage on the Prairies by upgrading two crushing plants to handle more soybeans. The U.S. agrifood firm said Monday it will upgrade its processing plant at Enderlin, N.D., about 80 km southwest of Fargo, to crush soybeans as well as canola and sunflower seed. At […] Read More

North American Grain/Oilseed Review – Canola Declines Under C$

By Dave Sims and Phil Franz-Warkentin Winnipeg, April 27 – The ICE Futures Canada canola market finished weaker on Monday, weighed down by a stronger Canadian currency. The strength of the Canadian dollar made canola, relative to its US counterpart, less attractive to international buyers. Some seeding has already begun in certain portions of Western […] Read More

Canadian forex midday: C$ sharply stronger

By Commodity News Service Canada Winnipeg, April 27 – The Canadian dollar was up sharply against the US dollar at midday Monday, lifted by technical buying, analysts said. At 11:46 CDT Monday, the Canadian dollar was trading at US$0.8273 or US$1=C$1.2088, which compares with Friday’s North American close of US$0.8217 or US$1=C$1.2170. A firmer tone […] Read More

ICE Canola Mixed In Quiet Trade

By Dave Sims, Commodity News Service Canada WINNIPEG, April 27 – Canola contracts on the ICE Futures Canada platform were mostly lower at 10:50 CDT Monday, as the strong Canadian dollar weighed down canola values with the exception of the May contract as traders exited the front month. “The markets pretty quiet, canola’s showing some […] Read More

(Canada Beef Inc. photo)

Klassen: Feeder market’s upward momentum eases

Western Canadian cattle prices were extremely volatile this past week, trading $2 higher to as much as $5 lower in comparison to seven days earlier. The feeder cattle market appeared to stall out at the higher levels, with most auction barns experiencing smaller volumes. Spring-like temperatures and seeding preparation kept the small cattle farmer/producer at […] Read More

Canadian Dollar And Business Outlook

By Commodity News Service Canada Winnipeg, April 27 – The Canadian dollar was higher against its American counterpart Monday morning, as a round of disappointing US trade data continued to weigh down the US dollar. At 8:50 CDT Monday morning, the loonie was up 0.0043 of a cent to US$0.8249 or US$1 = C$1.2122. New […] Read More

ICE canola mostly lower amid choppy activity

By Terryn Shiells, Commodity News Service Canada Winnipeg, April 27 – The ICE Futures Canada canola market was mostly lower amid choppy activity Monday morning, taking some direction from weakness in Malaysian palm oil futures, analysts said. The nearby May contract saw the only gains as traders exited positions ahead of its expiry. The upswing […] Read More

(Dave Bedard photo)

Co-op Atlantic seeks exit from grocery, fuel businesses

The board of Atlantic Canada’s biggest co-operative is planning its way out of the “increasingly competitive” grocery and fuel businesses. Co-op Atlantic said Saturday its board recommends members vote by a May 12 deadline in favour of the organization divesting its food and fuel wholesale assets. Co-op Atlantic is the overarching body for 128 co-ops […] Read More

FOB Gulf Grain-Soybean premiums mostly steady/firm, corn steady

April 24 (Reuters) – Export premiums for old-crop soybeans shipped from the U.S. Gulf Coast held mostly steady on Friday on seasonally slow demand while new-crop basis offers were firm on improved demand prospects, traders said. * A Brazilian truckers’ strike lost momentum on Friday, reducing fears of an export disruption during the country’s peak […] Read More