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Barley

(Dave Bedard photo)
Crops, Markets, Reuters

Glencore sells 40 per cent of agribusiness to CPP

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Reading Time: 2 minutes London | Reuters –– Commodity miner and trader Glencore has agreed to sell 40 per cent of its agricultural unit to Canada’s state pension fund for US$2.5 billion, the company’s latest step to cut debt and soothe investor concerns about the impact of weak commodity prices. The sale values the agricultural unit as a whole […] Read more
(Canada Beef Inc. photo)
Barley, Crops, Markets

Limited selling, buying leave feed barley flat in Lethbridge

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Reading Time: < 1 minute CNS Canada — Lethbridge’s feed barley market is sitting stagnant, as feedlots quit hand-to-mouth buying and farmers hold onto their grain. Farmers who stored their feed barley post-harvest don’t want to sell at current prices, despite relative strength, said Jared Seitz, trade manager for Agfinity at Stony Plain, Alta. “It’s not so much that prices […] Read more
(Dave Bedard photo)
Crops, Reuters

CPP reported in talks for stake in Glencore agribusiness

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Reading Time: < 1 minute Reuters — Commodity trading and mining firm Glencore is in advanced talks to sell a stake in its agricultural business to the Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported, citing people familiar with the matter. The CPPIB would take a stake of up to 40 per cent, valuing the business at […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Klassen: Feedlot operators throw in towel on feeder market

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Reading Time: 2 minutes Weaker wholesale beef values, along with softer fed cattle prices, set a negative tone for the feeder cattle market this past week. Western Canadian feeder markets were trading $4-$8 below week-ago levels, with calves trading as much as $10 lower in some cases. Producers can become nauseous watching these live cattle futures, but this is […] Read more
(Photo courtesy Canada Beef Inc.)
Livestock, Markets, Reuters

U.S. livestock: CME feeder cattle limit up on bearish corn data

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Reading Time: 2 minutes Chicago | Reuters –– Chicago Mercantile Exchange feeder cattle futures on Thursday settled up their 4.5-cents/lb. maximum daily price limit, spurred by the morning’s bearish government grain report, traders said. U.S. farmers intend to plant 93.6 million acres of corn and 82.2 million acres of soybeans in 2016, the U.S. Department of Agriculture said on […] Read more
(Canada Beef Inc. photo)
Barley, Crops, Markets, Weather

Feed barley due for spring rally

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Reading Time: 2 minutes CNS Canada –– Feed barley in Western Canada usually sees a spring rally at this time of year, although the uptrend this year will be limited by large supplies still overhanging the market. Feed grains had trended lower through late February and into early March, with feed wheat leading to the downside. Losses in feed […] Read more
(Rahr.com)
Barley, Crops, Weather

Alberta to launch malt barley insurance

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Reading Time: < 1 minute Alberta is set to launch Canada’s first crop insurance product for malt barley this year. The province’s Agriculture Financial Services Corp. (AFSC) last week said it will now provide insurance coverage for a malting end-use for growers with malt barley contracts. The coverage is subject to a contract from a licensed buyer, with a minimum […] Read more
(LDCom.com)
Crops, Markets, Reuters

Louis Dreyfus reports lower profits, seeks partners

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Reading Time: 2 minutes Paris | Reuters — Louis Dreyfus is seeking partners for some of its businesses to help the commodity trading group to weather a market downturn that hit full-year profits. Lower prices, plentiful supply and faltering economic growth in emerging economies have put pressure on commodity traders such as Louis Dreyfus that collect, export and process […] Read more

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