Prairie CWRS bids up as basis moves to a premium — October 20, 2014

CNS Canada — Average cash bids for Canada Western Red Spring (CWRS) wheat were higher during the week, as basis levels moved higher, now offering farmers a premium over futures in many areas. CWRS prices were up between about $7 and C$13 compared to a week ago. The best pricing opportunities were still available in […]

U.S. livestock: Fund buying lifts CME live cattle to new high — October 20, 2014

Chicago | Reuters — Chicago Mercantile Exchange live cattle futures hit a new high on Monday, sparked by active fund buying that triggered buy stops and short-covering, traders said. October closed up 2.85 cents per pound at 167.9 cents after earlier posting a new contract high of 167.925 cents in electronic trading (all figures US$). […]

CP, CSX no longer talking merger — October 20, 2014

Canadian Pacific Railway (CP) has shut down last week’s media buzz about any possibility of a merger with the third biggest railway in the U.S. The Wall Street Journal and other media recently reported Calgary-based CP and Jacksonville-based CSX had held “exploratory talks” about combining their operations. [Related story] CP on Monday confirmed it had […]

A+W tightens chicken supply requirements — October 20, 2014

Canada’s No. 2 burger chain, in the midst of a bid to carve out new market space for its beef and eggs, now plans to differentiate its chicken burgers and chicken strips in the same way. A+W Food Services on Monday announced the latest step in its “Our Ingredients Guarantee” campaign, pledging it will “only […]

Revised U.S. COOL law still breaks trade rules, WTO panel finds — October 20, 2014

A World Trade Organization compliance panel has ruled the U.S. government offside in its latest attempt at a trade-compliant country-of-origin labelling (COOL) law on meat. Following a long-awaited public release came Monday, the ruling may give Canada and Mexico the ammunition to demand COOL be scrapped, on pain of retaliatory tariffs against a range of […]

Canaryseed market quiet, but watching Europe — October 17, 2014

CNS Canada — Saskatchewan’s canaryseed harvest in Saskatchewan is moving along, although with production only up slightly on the year and demand steady for the time being, the market is relatively quiet. European demand, however, could be one supportive influence going forward. Current canaryseed prices range from about 22 to 24 cents per pound, and […]

U.S. senator raises concerns over potential CP, CSX deal — October 17, 2014

Chicago | Reuters — The head of a U.S. Senate subcommittee raised concerns in a letter Thursday to the U.S. Attorney General and head of the top U.S. rail regulator about a potential merger between Canadian Pacific Railway and CSX Corp., and called on them both to fully review the antitrust implications of any such […]

Shortlines shortchanged in Western Canada — October 17, 2014

CNS Canada – Western Canada’s shortline railways are getting the short end of the stick as they struggle to meet their own commitments moving grain and other products along their tracks. A backlog of grain on the Prairies over the past winter, linked in part to poor rail movement, prompted the federal government to implement […]

As clock winds down, CP’s CEO hunts for his dream deal — October 17, 2014

Toronto/Chicago | Reuters – Veteran railroad boss Hunter Harrison has won over many critics since taking over as chief executive of Canadian Pacific Railway (CP), but he still has unfinished business — creation of a consolidated North American railway — and is running out of time to do it. That might explain why CP, Canada’s […]