Reading Time: 2 minutes London | Reuters — U.S. spices maker McCormick and Co. Inc. has won the battle to buy Reckitt Benckiser Group’s North American food business, paying a higher than expected US$4.2 billion to add extra seasonings and sauces. London-listed Reckitt said in April it was reviewing options for the unit, which includes French’s mustard and Frank’s […] Read more
Reckitt cuts the (French’s) mustard with food business sale
Greig: Centre backs Ontario canola growers’ push for profitability
Reading Time: 5 minutes A Canola Learning Centre has been created to try to solve some of the challenges Ontario farmers have growing consistent, profitable canola. Canola is now the largest crop grown in Canada, this year overtaking wheat, but in Ontario canola acres have been decreasing, by about a third in the past five years, to 40,000 acres, […] Read more
ICE weekly outlook: Canola trades on weather
Reading Time: 2 minutes CNS Canada — It’s the time of year when canola prices closely follow the weather, and while recent rain has caused some losses, the market could hold onto its premium. “In some ways you could say it’s a classic weather market,” said Jon Driedger, senior market analyst at FarmLink Marketing. Prices had gained following dryness […] Read more
U.S. state-level dicamba bans temporary
Reading Time: 2 minutes A ban on dicamba applications in Missouri could end by the weekend, a state agriculture official said Monday. “The intent was never for this to be a long pause,” Missouri Agriculture Director Chris Chinn told the U.S. farm show Agritalk on Monday, after Missouri became the second state to announce such a ban so far […] Read more
Finer nozzle screens linked to Proline plug-ups
Reading Time: 2 minutes Bayer CropScience is recommending users of its Proline foliar fungicide double-check the nozzles they’re using before spraying, to avoid the “plugging issues” affecting some customers’ sprayers. The company on Wednesday reported a “small” number of cases in which farmers’ sprayers were plugging up during applications of Proline, a broad-spectrum prothioconazole (Group 3) suspension Bayer bills […] Read more
U.S. proposes cutting biofuels requirements due to ‘market realities’
Reading Time: 2 minutes New York | Reuters — The U.S. government on Wednesday proposed reducing the volumes of biofuel required to be used in gasoline and diesel in 2018, in a move that could mark the first step towards a broader overhaul to the controversial energy policy. The U.S. Environmental Protection Agency (EPA) proposal marked a slight decline […] Read more
ICE weekly outlook: Canola market at mercy of weather
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts climbed higher during the week ended Wednesday, following gains in the U.S. soy market. The dominant November canola contract posted a gain of $28.70 per tonne. That lifted it above major resistance to settle at $510.80. Prices were also boosted by concerns that rising temperatures in Western […] Read more
Canola climbs from bottom to top of chart in week
Reading Time: < 1 minute CNS Canada –– The ICE Futures Canada November canola contract has rallied by more than $30 in a matter of days, jumping past a number of key chart points in the process. The futures are nearing major resistance from a technical standpoint. The November contract, which has held in a $40 range from $472 to […] Read more
Trade looks to potential, not projections, post-StatsCan data
Reading Time: 3 minutes CNS Canada — The commodity trade has turned its focus forward following fresh data from Statistics Canada. “The acreage numbers are important, but this game right now is all about weather,” said Mike Jubinville of ProFarmer Canada, naming spring wheat as one crop the market had been closely watching. While estimates for all wheat seeded […] Read more
ICE weekly outlook: New-crop uncertainty supports canola
Reading Time: < 1 minute CNS Canada — ICE Futures Canada canola contracts moved higher during the week ended Wednesday, despite a softer tone in the Chicago soy market, as tight old-crop supplies and chart-based buying supported the Canadian oilseed. Statistics Canada releases its updated acreage estimates on Thursday, and any surprises in the data could provide some nearby direction […] Read more
A message from April Stewart, Country Guide's Associate Editor
