Reading Time: 2 minutes Regina ag implement maker Degelman Industries has bought into the grain bagging and grain milling equipment business with a deal for Alberta manufacturer Renn Mill Center. Degelman, in a release Thursday, said it recently bought the Lacombe, Alta. company for an undisclosed sum and will keep Renn’s existing employees and management in place. In business […] Read more
Degelman buys grain bagging, milling equipment firm Renn
Alberta equipment maker's staff to continue with Degelman
Oats face an uncertain year
Reduced acres expected in 2023
Reading Time: 3 minutes MarketsFarm — When comparing oat prices at the start of 2023 compared to one year ago, they appear to be night and day. Despite modest price increases over the past month, some western Canadian oat bids are less than half of what they were last year. In Alberta, the high-delivered bid for oats as of […] Read more
Scoular fires up flax processing near Regina
Plant to process flax for food- and feed-grade markets
Reading Time: 2 minutes U.S. grain handler Scoular’s Canadian arm has opened a new flax processing operation at its site just southeast of Regina, into what it describes as a record-strong flax market. Scoular Canada on Wednesday announced the opening of its “high-speed” flax line at Richardson, Sask., where it already processes and cleans lentils, peas and canary seed. […] Read more
Tight supplies underpin oat bids with demand rationing expected
Reading Time: < 1 minute Corrected, Sept. 3 — MarketsFarm — Canadian oat prices should remain well supported over the next year given the smaller crop, but some demand will likely back away as buyers look for cheaper alternatives. While most of his customers were still taking delivery on existing contracts and not yet in the spot market, Ryan McKnight […] Read more
Richardson to buy major U.S. durum processor
Italgrani's milling, grain handling assets to go to Winnipeg firm
Reading Time: 2 minutes Agrifood firm Richardson International is set to expand and further diversify its grain processing space with a deal for what’s billed as North America’s single largest durum flour and semolina miller. The Winnipeg company said Thursday it will buy 100 per cent of the shares in Italgrani USA Inc., whose assets include a mill, elevator […] Read more
Last year’s flour output up in most categories
Reading Time: 2 minutes MarketsFarm — Statistics Canada reported on Monday that Canadian wheat millers processed 3.267 million tonnes of all wheat in 2020 — a slight increase of about 2.1 per cent over 2019, keeping flour processing on the rise over the last four years. There were also year-to-year increases in the other categories tracked by the federal […] Read more
Oats riding high with other crops
Reading Time: 2 minutes MarketsFarm — Increased demand, both domestically and overseas, has caused the price of oats grown in Western Canada to rise compared to last year. And so far, seeding projections and rising prices for other crops suggest the market for oats won’t go down anytime soon. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids […] Read more
Oat prices running out of upside
Reading Time: 2 minutes MarketsFarm — Oat prices in Western Canada have shown some strength over the past year, but competition from other crops will likely lead to an acreage reduction this spring despite the firm prices, according to market participants. Ryan McKnight, from Linear Grain at Carman, Man., had seen prices for the crop rise last fall, but […] Read more
InVivo in talks to acquire French agribusiness Soufflet
Firms see limited overlap outside grain trading
Reading Time: 2 minutes Paris | Reuters — Co-operative group InVivo has entered exclusive talks to acquire family-controlled Soufflet in a deal that would create one of Europe’s biggest agricultural businesses with 10 billion euros (C$15.5 billion) in sales, the French firms said on Wednesday. The potential consolidation comes as France, the European Union’s largest agricultural producer, is trying […] Read more
ADM beats profit estimates but revenue disappoints
Reading Time: 2 minutes Reuters — Global grains trader Archer Daniels Midland beat Wall Street estimates for quarterly profits on Thursday, helped by strength in its grain milling and nutrition businesses. Still, revenue missed analysts’ expectations and net earnings attributable to the company were 44 per cent lower than a year earlier. Shares were down nearly three per cent […] Read more
A message from April Stewart, Country Guide's Associate Editor
