Chicago | Reuters — Syngenta expects to win Chinese government approval soon for imports of a type of genetically modified corn at the center of lawsuits over U.S. grain shipments rejected by Beijing, a company spokesman said Friday. Syngenta, one of the world’s largest seed companies, will make an announcement when it receives official documentation […] Read more
Syngenta sees China approving contentious GM corn soon
Chickpeas face pressure from cheap Russian exports
CNS Canada — Cheap Russian exports of chickpeas are driving down the cost of the commodity worldwide, though one Canadian marketer says a new type of seed is helping domestic growers make financial inroads. “We’re still facing stiff competition from other producing countries, primarily B90 (seeds) out of Russia,” said Colin Young, owner of Midwest […] Read more
Farm groups welcome bill overhauling grain producer protection
CNS Canada –– Proposed federal legislation to upgrade grain producer protection has generally been met with approval from Prairie farm groups. Bill C-48, the Modernization of Canada’s Grain Industry Act, was introduced Tuesday in the Commons, including a number of amendments to the Canada Grain Act, with the creation of a compensation fund to protect […] Read more
Canadian medical marijuana firm PharmaCan going public
Toronto | Reuters –– PharmaCan Capital, a holding company focusing on the Canadian medical marijuana market, is set to go public next week, opening up for investors a basket of licensed producers and signaling the appetite for a growing industry. The Toronto-based company has significant stakes of eight medical marijuana producers, including five licensed by […] Read more
U.S. livestock: CME feeder cattle, lean hogs end lower
Chicago | Reuters — CME live cattle ended lower Friday as fund selling and weak cash cattle prices weighed, traders said. Lower U.S. stocks and weak crude oil also pressured the overall livestock futures market, said Lane Broadbent of KIS Futures. “We are in a tough time of the year as far as beef demand […] Read more
U.S. grains: Corn soars to five-month peak on technicals, fund buying
Chicago | Reuters — U.S. corn futures surged more than two per cent on Friday, with the benchmark contract rising above US$4 a bushel to its highest in nearly five months, fueled by technical buying and heavy buying by commodity funds. Wheat futures extended a rally to move above the psychological $6-a-bushel barrier as buying […] Read more
FNA preparing to push south
Canadian ag input buying group Farmers of North America (FNA) is going North American. Saskatoon-based FNA and its sister supply organization, AgraCity, said Thursday they now have teams on the ground in three states — North Dakota, Minnesota and South Dakota — to recruit new FNA members. “When the organization began back in 1999, the name […] Read more
Cargill says will go it alone on Nutreco deal
Amsterdam | Reuters –– U.S. commodities company Cargill said on Thursday it would bid alone for Dutch animal feed company Nutreco and pledged not to break up the business to try to capture the initiative from rival bidder SHV. Shares in global fish and animal feed supplier Nutreco rose more than four per cent as […] Read more
Feed barley market quiet, awaiting new year
CNS Canada –– The feed barley market is in the middle of its seasonal slowdown. While demand should pick back up in the New Year, the prices might not have much room to the upside, given ample feed wheat supplies. “If you didn’t look at the calendar, you could still guess it was December,” said […] Read more
Richardson to replace Dauphin elevator
Richardson International has budgeted over $20 million to bring down the old and build the new at its grain elevator site at Dauphin, Man. The privately-held Winnipeg grain firm announced Thursday it will build a new Dauphin high-throughput elevator with 10,000 tonnes of storage capacity, linking into the site’s current steel bin storage space, bringing […] Read more