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File photo of the Port of Montreal. (Guy Banville/iStock/Getty Images)
Crops, Machinery and Shop, Markets

Baltic Dry Index hits 12-year high

Canadian grain exports slow either way

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MarketsFarm — Strong demand to move cargo coupled with weather-related shipping constraints in a number of key corridors has helped take ocean freight rates to their highest levels in more than a decade. The Baltic Dry Index (BDI), a major indicator of shipping rates, settled Friday at 4,275 points, marking its highest level since November […] Read more
(CPR.ca)
Crops, Machinery and Shop

CP, Kansas City lock in new deal as CN steps out

More efficient flow of grain, perishables, machinery parts touted

By ,
Canadian Pacific Railway and U.S. railway Kansas City Southern on Wednesday again formalized their engagement after competing suitor Canadian National Railway walked away from the table. CP and KCS, which reported “unanimous” support from both companies’ boards, have entered a merger agreement committing CP to pay about $31 billion in cash and stock, or about […] Read more
File photo of a pea crop south of Ethelton, Sask. on Aug. 1, 2019. (Dave Bedard photo)
Crops, Markets, Pulses, Weather

Pulse weekly outlook: Small Canadian crops lead to marketing shift

By
MarketsFarm — Canadian pulse markets could see a ‘radical shift’ in the current crop year as drought conditions led to sharp reductions in pea and lentil production. Statistics Canada’s September principal field crop estimates, released Tuesday, and the previous report on Aug. 30 were determined by yield models using satellite imagery. MarketsFarm Pro analyst Mike […] Read more
(File photo by Dave Bedard)
Crops, Reuters

Kansas City Southern plans to accept CP’s bid

Deal would create new lanes for Prairie freight, CP says

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Reuters — U.S. railway Kansas City Southern said on Sunday it planned to accept Canadian Pacific Railway’s US$27.2 billion cash-and-stock acquisition offer as superior to its US$29.6 billion deal to sell itself to Canadian National Railway. CN now has until the end of Friday to submit a better offer or lose its deal with KCS. […] Read more
Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)
Crops, Reuters

Louis Dreyfus completes stake sale to ADQ

Deal includes long-term supply line to UAE

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Paris | Reuters — Louis Dreyfus Co. (LDC) said on Friday it had completed the sale of a 45 per cent indirect stake to Abu Dhabi holding firm ADQ, marking the arrival of the first non-family shareholder in the agricultural commodity group’s 170-year history. The overall value of the deal was not disclosed but LDC […] Read more
(Alfio Manciagli/iStock/Getty Images)
Crops, Markets

Canola ending stocks down on year, but beat expectations

StatsCan pegs barley ending stocks at record low

By
MarketsFarm — Canadian canola ending stocks were down sharply at the end of 2020-21 compared to the previous marketing year, but still came out well ahead of trade expectations. Many other crops also saw larger-than-expected carryout numbers in Statistics Canada’s principal field crop stocks report as of July 31, 2021, released Wednesday. According to MarketsFarm […] Read more
(Bondarillia/iStock/Getty Images)
Crops, Markets, Pulses, Weather

Pulse weekly outlook: Tight Canadian supplies to cut into exports

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MarketsFarm –– Canadian pulse supplies during the 2021-22 marketing year will be the tightest of the past decade due to drought during the growing season, with the country likely to be a much smaller player in the international export market for peas, lentils and chickpeas as a result. Statistics Canada pegged the country’s 2021-22 pea […] Read more
A Kansas City Southern (KCS) rail car at Toluca, Mexico on Oct. 1, 2018. (File photo: Reuters)/Edgard Garrido)
Crops, Reuters

U.S. regulator rejects CN’s voting trust to buy Kansas City Southern

CP rips CN's play as 'illusory and not achievable'

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Reuters — The U.S. rail regulator on Tuesday rejected a voting trust structure that would have allowed Canadian National Railway (CN) to proceed with its US$29 billion proposed acquisition of U.S. peer Kansas City Southern. The decision was a blow to the deal that would create the first direct railway linking Canada, the U.S. and […] Read more
(Dave Bedard photo)
Crops, Markets, Weather

Smaller crops anticipated in looming StatsCan report

Survey-based data due out Monday

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MarketsFarm — Heat and drought across Western Canada during the summer of 2021 seriously cut into the country’s crop production, raising traders’ expectations for reduced yields across the board when Statistics Canada on Monday releases its first production estimates of the year. Canola production is estimated at 11.5 million to 16 million tonnes, which would […] Read more

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