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Oats

(NSCorp.com)
Crops, Machinery, Reuters

CP said exploring Norfolk Southern takeover

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Reading Time: < 1 minute Reuters — Canadian Pacific Railway (CP) is looking to acquire U.S. peer Norfolk Southern, business news service Bloomberg reported Monday, citing people familiar with the matter. Canada’s second-largest railroad operator has already raised financing and held early-stage merger talks with Norfolk Southern, Bloomberg reported, citing two of the people. Freight carried by major U.S. railroads […] Read more
(Dave Bedard photo)
Crops, Markets, Reuters

Agrium bucks fertilizer sector trend with Q3 profit

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Reading Time: < 1 minute Reuters — Canadian fertilizer and farm retail dealer Agrium on Thursday reported quarterly profit jumped nearly nine per cent, as higher sales volumes and lower costs helped it buck the sector’s trend of weaker earnings. Weaker currencies in fertilizer-buying markets such as Brazil and India are weighing down prices, leading rivals PotashCorp and Mosaic Co. […] Read more
(Manitoba Co-operator file photo by Laura Rance)
Crops, Weather

Crunch time for Manitoba producers to fertilize

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Reading Time: 2 minutes CNS Canada — The clock is ticking for Manitoba producers who wish to lay down nitrogen or phosphorous on their fields. Wet conditions in many parts of the province are making it tough for farmers to get their machines onto fields, according to Dan Mazier, president of Keystone Agricultural Producers. “We just drove from Winnipeg […] Read more
(CPR.ca)
Crops, Machinery, Markets

Cereals North America: Communication key to improved grain transportation

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Reading Time: 2 minutes Winnipeg | CNS Canada –– Canada’s grain transportation system is running relatively smoothly for the time being, but there is still plenty of room for improvement — and better communication between participants is seen as a way to alleviate future bottlenecks. The 2013-14 crop year, with its logistical challenges and, eventually, federal government intervention, are […] Read more
(PortSeattle.org)
Crops, Weather

Cereals North America: Shift to La Nina may hurt yields

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Reading Time: 2 minutes Winnipeg | CNS Canada –– El Nino weather patterns are typically beneficial to North American grain yields, but cut into the production prospects of key Eastern Hemisphere demand markets, according to presenters at this week’s Cereals North America conference. However, an expected shift toward La Nina conditions by late 2016 could see North American grain yields […] Read more
(CN.ca)
Crops, Machinery, Markets

More grain revenue on less grain in CN’s Q3 ledger

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Reading Time: 2 minutes Lower grain traffic compared to last year’s record crop year hasn’t translated to lower third-quarter grain revenue for Canadian National Railway (CN). Montreal-based CN on Tuesday booked overall net income of $1.007 billion on $3.222 billion in gross revenue for its third quarter (Q3) ending Sept. 30, up from $853 million on $3.118 billion in […] Read more
Crops, Oats

Oats steady and low, but price-wise the worst is over

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Reading Time: < 1 minute Manitoba’s oat market is sitting low and stagnant, but since the commodity traditionally tracks corn futures, prices aren’t likely to depreciate further, says a U.S. analyst. “I think Manitoba farmers were expecting a lot better and Saskatchewan farmers were expecting a lot worse, but really when the combines got in the field—you know everything was […] Read more
(Dave Bedard photo)
Livestock, Markets, Reuters

Tim Hortons owner profit beats Street on lower costs, new items

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Reading Time: 2 minutes Reuters — Restaurant Brands International, owner of Burger King and Tim Hortons, reported a better-than-expected quarterly profit, helped by new menu items and lower costs. Most of Restaurant Brands outlets are in the U.S. and Canada. But the company has been opening new restaurants in France, Brazil, Russia and India, following its peers such as […] Read more
(Dave Bedard photo)
Crops, Markets

CP books more grain revenue on less grain in Q3

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Reading Time: 2 minutes Canadian Pacific Railway (CP) boosted its income from Canadian grain by five per cent in its third quarter ending Sept. 30, on its way to its highest-ever Q3 gross revenue. Across all its business segments, the Calgary-based railway on Tuesday reported net income of $323 million on $1.709 billion in revenue for the quarter, down […] Read more
Concrete is poured in May for a grain terminal now owned by G3 Grain. Farmer deliveries in September reached their highest level in records since 2001. (CWB.ca)
Crops, Markets

Grain deliveries hit record high in September

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Reading Time: < 1 minute CNS Canada — September was a very busy month for grain handlers in Western Canada, as farmer deliveries into the commercial pipeline hit their highest levels ever. Producers made deliveries of 5.879 million tonnes of the major grains and oilseeds during the month, topping the previous monthly record of 5.819 million tonnes set two years […] Read more

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