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ICE May 2019 canola with 20-, 50- and 100-day moving averages. (Barchart)
Canola, Crops, Markets

ICE weekly outlook: China worries keep market trending down

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MarketsFarm — Canola futures on the ICE Futures U.S. platform dropped sharply during the week ended Wednesday, hitting their lowest levels in 2-1/2 years. Concerns over declining Chinese demand sparked the latest selloff in canola amid news that the major canola-buying country had blocked shipments from Canada’s Richardson International. Canadian canola exporters have faced problems […] Read more
A rapeseed field in southern China’s Yunnan province. (YuenWu/iStock/Getty Images)
Canola, Crops, Reuters

Richardson disputes China claim of ‘hazardous pests’ in canola

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Beijing/Chicago | Reuters — Canadian agribusiness Richardson International said on Wednesday that canola it shipped to China met regulatory requirements after a Chinese official charged that “hazardous pests” were found in samples taken recently from Canadian canola imports. Beijing this month cancelled Richardson’s registration to ship Canadian canola to China, the world’s top importer of […] Read more
(Richardson Pioneer via YouTube)
Canola, Crops, Markets, Reuters

China blocks some Richardson canola shipments

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Beijing/Kabul | Reuters — China has canceled Canadian agribusiness Richardson International’s registration to ship canola to China, the company said on Tuesday, the latest sign of tensions between Ottawa and Beijing. It was not immediately clear why exports to China by Richardson, the world’s top importer of canola, had been halted. Canada and China are […] Read more
(Noel Hendrickson/DigitalVision/Getty Images)
Canola, Corn, Crops, Soybeans

Richardson to buy Wesson cooking oil brand

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A household name in U.S. cooking oils is set to become part of Canadian grain handler and oilseed processor Richardson International. Chicago-based Conagra Brands said Tuesday it will sell its Wesson oil brand and related assets — including a 280,000-square foot U.S. processing plant at Memphis — to Richardson for an undisclosed sum. Wesson-branded retail […] Read more
A Richardson ag retail site at Three Hills, Alta. (Richardson.ca)
Crops

Richardson to retail in west-central Saskatchewan

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Prairie grain firm Richardson International plans to build out its retail market share in west-central Saskatchewan with a new inputs centre southwest of Saskatoon. Privately-held Richardson said July 30 it would begin construction shortly on the new facility in Delisle, about 35 km southwest of the city, to open for the 2019 growing season. The […] Read more
Artist’s rendition of the planned Richardson Innovation Centre in Winnipeg. (Graphic courtesy Richardson International)
Crops, Machinery

Richardson to take food innovation downtown

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Canadian grain and agrifood firm Richardson International plans to marshal its food research and product development crews in a new downtown Winnipeg space. The privately-held, Winnipeg-based company announced Wednesday it will put up over $30 million to build what it calls the Richardson Innovation Centre, a four-story, 62,000-square foot facility to go up a block […] Read more
Richardson’s port terminal at Hamilton handles Ontario soybeans, corn and wheat. (Richardson.ca)
Crops, Soybeans

Soy Canada’s exposure limited in Richardson pullout

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The industry group for Canada’s soybean sector faces relatively low exposure from a loss of funding by Prairie grain heavyweight Richardson International. The privately-held Winnipeg grain firm recently announced it would not renew its funding commitments to the Canola Council of Canada, Flax Council of Canada and Soy Canada. The company said its total annual […] Read more
(Richardson Pioneer via YouTube)
Crops

Richardson won’t renew canola, flax, soy funding

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One of Canada’s biggest grain companies is stepping out of three Canadian oilseed industry organizations — and taking its funding when it goes. Winnipeg-based, privately-held Richardson International has announced it will not provide funding in 2018 for the Canola Council of Canada and the Flax Council of Canada, nor will it renew its funding commitment […] Read more

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