Reading Time: 2 minutes Paris/Winnipeg | Reuters — Global commodity trader Louis Dreyfus has agreed to sell its fertilizer business to Canada’s Agrium as it continues an overhaul in response to tough agricultural markets. Louis Dreyfus is to sell Macrofertil Australia, which has annual sales of around US$120 million, to Agrium’s Australian unit Landmark Operations in a deal expected […] Read more
Dreyfus to sell Australian fertilizer unit to Agrium
U.S. grains: Soybeans, meal rise on Argentina weather
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose to a three-week high on Monday and soymeal jumped more than two per cent on buying backed by concerns that dry weather in Argentina will hurt crop yields. Corn futures fell more than one per cent, reversing early gains after technical selling, while wheat futures also eased […] Read more
Saputo woos Australia farmers in Murray Goulburn rebuild
Reading Time: 2 minutes Winnipeg | Reuters — Saputo, one of Canada’s largest dairy producers, aims to return Australia’s Murray Goulburn Co-operative to profit by aggressively pursuing more of the country’s milk supply, its CEO said on Thursday. The Montreal-based company agreed last week to buy the co-operative for C$1.3 billion including debt, and has already planned 15 meetings […] Read more
Saputo to buy Australian dairy co-op Murray Goulburn
Reading Time: < 1 minute Reuters — Murray Goulburn Co-operative, Australia’s largest milk processor, on Friday said it agreed to a buyout from Canadian dairy company Saputo worth up to A$637.8 million (C$627.5 million). Murray Goulburn (MG) said Saputo would pay between A$1.10-$1.15 per share, compared to its A$2.10 issue price when it listed in 2015. A total buyout value […] Read more
Lentil market quiet heading into new year
Reading Time: 2 minutes CNS Canada — Heading into the New Year, Canadian lentil markets will be quiet, according to an analyst. “It’s not exactly what farmers expected. They have had three years of very brisk intake and it will take a little bit of an adjustment to realize that the market is not coming to them as readily […] Read more
U.S. grains: Wheat hits one-month top on technical buying
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat futures posted a one-month high Thursday on technically driven trade while U.S. soybean and corn futures eked out modest advances as traders waited for the harvest to expand in the Midwest. Chicago Board of Trade December what settled up 2-3/4 cents at $4.52-1/2 per bushel after reaching $4.54-1/2, its […] Read more
U.S. grains: Soybeans ease but notch fourth weekly gain
Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures fell on Friday on profit-taking but the benchmark Chicago Board of Trade November contract still recorded a fourth straight weekly advance, supported by firm cash markets and export demand. CBOT wheat rose on short-covering and worries about dry conditions in Australia while corn closed modestly higher in rangebound […] Read more
Asian taste for western diet boosts Australian wheat
Reading Time: < 1 minute CNS Canada – Vietnam has quietly grown to become Australia’s second largest export destination for wheat. Driving the demand is the iconic banh mi, a Vietnamese baguette-style sandwich filled with pork or chicken and spices. Vietnam imports 1.5 million tonnes of Australian wheat, based on 2016 figures, compared to 380,000 tonnes 10 years ago, said […] Read more
Declining lentil prices should level off, improve
Reading Time: 3 minutes CNS Canada — Red lentil growers, who have seen prices cut in half during the past year and a half, may finally be able to find solace in what some analysts call a brighter outlook for the remainder of 2017. “I personally am optimistic that we will see higher prices. Some other people will dispute […] Read more
Beef makes the cut as Australia, China move to boost trade
Reading Time: 2 minutes Sydney | Reuters — Australia and China are expected to sign new bilateral agreements on beef exports, energy and security during a four-day visit by Chinese Premier Li Keqiang that began on Thursday. Li, the first sitting Chinese premier to visit Australia in 11 years, was welcomed to parliament in Canberra by Prime Minister Malcolm […] Read more
A message from April Stewart, Country Guide's Associate Editor
