(K-plus-S.com)

PotashCorp withdraws takeover bid for K+S

New York/Frankfurt | Reuters –– PotashCorp said Monday it had withdrawn its 7.9 billion euro (C$11.6 billion) offer for German potash producer K+S, citing a decline in global commodity and equity markets and a lack of engagement by K+S management. K+S shares dropped 24 per cent after Potash announced its decision in a statement, wiping […] Read more



(Dave Bedard photo)

StatsCan comes in at low end of expectations for canola

CNS Canada — Despite an upward revision of nearly a million tonnes in Statistics Canada’s latest report, most analysts expect canola production will keep climbing further. StatsCan on Friday morning released its updated grain/oilseed production estimates, with data collected through surveys taken between Sept. 3 and 13. Canola production numbers came in at 14.3 million […] Read more



(CHS Inc.)

CHS says Viterra intriguing at right price

Chicago | Reuters — U.S. farm co-operative and grains trader CHS Inc. would be interested in the Canadian grain handling assets of embattled commodities trader Glencore, but only if they came at a discounted price, CHS CEO Carl Casale said in an exclusive interview. As part of a debt-reduction plan, Swiss-based Glencore has said it […] Read more

(Dave Bedard photo)

Next StatsCan survey expected to show larger canola, wheat crops

CNS Canada — Yields are generally beating earlier expectations as the harvest progresses across Western Canada, which should lead to upward revisions to canola and wheat when Statistics Canada releases its latest production survey results Friday. However, those numbers still may be underreported, and further revisions are expected in subsequent reports. “As the harvest is […] Read more



(Dave Bedard photo)

Richardson to build in S. Alta. inputs market

Prairie grain handler Richardson International is moving to shore up its presence in southern Alberta’s crop inputs market with a new dealership. The Winnipeg company announced Wednesday it will build a new crop inputs centre at Three Hills, about 65 km east of Olds, starting this fall to open and begin operating next spring. “The […] Read more



(Dave Bedard photo)

U.S. regulators revise proposal on commodity position limits

Chicago | Reuters — U.S. derivatives regulators are revising their proposal to limit the positions that traders can hold in commodity markets to make it easier for some hedge funds and banks to keep large trades. The Commodity Futures Trading Commission wants to allow financial firms to count their market positions separately from subsidiaries if […] Read more