Reuters — U.S. fertilizer maker CF Industries said on Thursday it will buy OCI NV’s North American and European plants for US$6 billion, making CF the world’s largest publicly-traded nitrogen company. The stock and cash deal comes 10 months after CF’s merger talks with Yara International collapsed. It marks the largest fertilizer M+A deal since […] Read more
Fertilizer firm CF Industries to buy OCI assets
U.S. grains: Corn bounces off six-week low prior to crop forecasts
Winnipeg | Reuters — Corn futures edged higher on Tuesday, recovering from a six-week low as bargain-buying and an outlook for drier U.S. weather offset pressure from comfortable global supply. Chicago wheat and nearby soybeans failed to hold earlier gains. Grains were supported by dry conditions in parts of the eastern corn belt, and as […] Read more
Sask. crops get soaked, but may take yield hit
(Reuters) – Two days of rainstorms in Saskatchewan, Canada’s biggest wheat- and canola-growing province, may have done more harm to crops than good, even though farms were parched, a Saskatchewan government official said on Wednesday. Much of the province received rain on Monday and Tuesday, with the capital, Regina, collecting about 90 millimetres (3.5 inches), […] Read more
U.S. grains: Soybeans rise for second day, corn and wheat resume slides
Winnipeg /Reuters – U.S. soybeans rose for a second straight day on Wednesday, recovering some recent losses ahead of a critical development period for the oilseed, while corn and wheat resumed their slides on a favorable U.S. harvest outlook. With soybean yields largely determined in August and questions about the size of planted area, there […] Read more
U.S. grains: Soybeans, wheat, corn bounce after steep losses
Winnipeg/Reuters – Chicago soybean, wheat and corn futures bounced on Tuesday, rising on bargain-buying and short-covering after setting recent lows. Nearby soybeans fell for three straight sessions through Monday, shedding nearly 6 percent as weather improved for crop development across the U.S. Midwest. “We’ve just plain hit (soybeans) hard for the last week or so and […] Read more
Three-hour tornado & Regina’s wettest day ever
Reuters — A tornado spun for several hours through southwestern Manitoba late Monday in a fierce Canadian Prairie storm that caused flash flooding and shredded part of a highway. No injuries or major damage was reported, according to a statement by Environment Canada, federal weather forecaster. “What was just shocking was the duration on the […] Read more
CWB tour pegs wheat at 38.9 bushels
Regina / Reuters —Western Canada spring wheat, durum and canola yields look to fall sharply from last year’s levels, due to hot, dry conditions, leaders of a crop tour said on Friday. The second-annual CWB Market Research Services crop tour pegged spring wheat yield potential in the region at 38.9 bushels per acre on average, down […] Read more
Durum faring better in SE Alta: CWB tour
Skiff, Alberta / Reuters — Durum, the wheat used to make pasta, has fared better against dry conditions than other major crops in a pocket of southeastern Alberta, crop tour scouts noted on Wednesday. Durum is typically planted in drier soils than spring wheat, but fields still looked surprisingly decent, given some of the driest […] Read more
Spring wheat yields puny in dry Alberta: CWB tour
Lethbridge/Reuters — Spring wheat yields measured less than half of last year’s results in drought-stricken southeastern Alberta, but were on track to set a record high in southern Manitoba, during a Canadian crop tour that saw the results of wildly contrasting weather. The tour organized by CWB Market Research Services is travelling on three routes […] Read more
Canada’s canola crop woes cut crusher profits to two-year low
Winnipeg | Reuters — Problems with Canada’s canola crop are driving up the oilseed’s price, cutting processors’ margins to their lowest levels in two years and threatening to boost the price of a key ingredient of salad dressings and potato chips. Frost and dry conditions on the Canadian Prairies have damaged the crop, which processors, […] Read more
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