Reading Time: 2 minutes New York/Frankfurt | Reuters –– PotashCorp said Monday it had withdrawn its 7.9 billion euro (C$11.6 billion) offer for German potash producer K+S, citing a decline in global commodity and equity markets and a lack of engagement by K+S management. K+S shares dropped 24 per cent after Potash announced its decision in a statement, wiping […] Read more
PotashCorp withdraws takeover bid for K+S
Canada says TPP offers limited access to dairy market
Reading Time: 2 minutes Ottawa | Reuters — Canada said on Monday that a major trade deal agreed by 12 Pacific nations would only allow limited access to protected Canadian domestic dairy and poultry markets, a politically sensitive issue ahead of the Oct. 19 election. Officials said the Trans-Pacific Partnership (TPP) would offer up just 3.25 per cent of […] Read more
Glencore reported in talks on agriculture assets
Reading Time: 2 minutes Reuters — Glencore is in talks with a Saudi Arabian sovereign wealth fund and China’s state-backed grain trader COFCO, along with Canadian pension funds, to sell a stake in its agricultural assets, sources familiar with the matter told Reuters. Selling assets is one prong of a wider strategy by the Swiss-based trader and miner to […] Read more
StatsCan comes in at low end of expectations for canola
Reading Time: 2 minutes CNS Canada — Despite an upward revision of nearly a million tonnes in Statistics Canada’s latest report, most analysts expect canola production will keep climbing further. StatsCan on Friday morning released its updated grain/oilseed production estimates, with data collected through surveys taken between Sept. 3 and 13. Canola production numbers came in at 14.3 million […] Read more
CHS says Viterra intriguing at right price
Reading Time: 2 minutes Chicago | Reuters — U.S. farm co-operative and grains trader CHS Inc. would be interested in the Canadian grain handling assets of embattled commodities trader Glencore, but only if they came at a discounted price, CHS CEO Carl Casale said in an exclusive interview. As part of a debt-reduction plan, Swiss-based Glencore has said it […] Read more
Next StatsCan survey expected to show larger canola, wheat crops
Reading Time: 2 minutes CNS Canada — Yields are generally beating earlier expectations as the harvest progresses across Western Canada, which should lead to upward revisions to canola and wheat when Statistics Canada releases its latest production survey results Friday. However, those numbers still may be underreported, and further revisions are expected in subsequent reports. “As the harvest is […] Read more
Glencore reported moving ahead on ag stake sale
Reading Time: < 1 minute Commodities firm Glencore, the owner of Prairie grain-handling heavyweight Viterra, is reported as already moving forward on plans to bring minority investors into its ag business. Glencore announced earlier this month it plans to tame the debt it’s racked up in its recent major expansions, partly through sales of assets and new shares. Those assets, […] Read more
Flax crop could average 30 bushels an acre
Reading Time: < 1 minute CNS Canada –– Canada’s 2015-16 flax crop could be about 30 per cent bigger than last year’s, according to an expert in the industry. “A million tonnes is what they’re talking about for Canada,” said Richard Zacharias, general manager of Prairie Flax Products near Portage la Prairie, Man. While the majority of the crop still […] Read more
Sales from organic U.S. farms reached $5.5B last year
Reading Time: 2 minutes Chicago | Reuters — Sales from organic U.S. farms reached US$5.5 billion last year, a 72 per cent increase from 2008, the U.S. Agriculture Department said in a report on Thursday that highlighted the consumer trend toward such products. The USDA data, compiled through farmer surveys, showed that milk was the top organic commodity in […] Read more
Is the renewed interest in oats, barley and flax just a blip?
Acreage may be up in barley, oats and flaxseed, but that doesn’t mean there’s a long-term resurgence of interest in those crops
Reading Time: 7 minutes The trend to lower acreages of barley, oats and flaxseed in recent years has largely reflected the increased profitability in alternative grains and oilseeds, and canola in particular. As Western Canada’s darling, canola production crested at nearly 18 million tonnes in 2013, and even more is being called for with the Canola Council of Canada’s […] Read more
A message from April Stewart, Country Guide's Associate Editor
