Reading Time: 2 minutes Chicago | Reuters — Strong global demand for beef and animal feed fattened grain trader Cargill’s profits in fiscal year 2018, which were also boosted by trade tensions and South American weather woes, the company said on Thursday. For the full year, adjusted operating earnings reached $3.2 billion, up six per cent from fiscal 2017 […] Read more
Beef, eggs, feed fatten Cargill’s profits
DowDuPont bets on canola in race to boost plant proteins
Reading Time: 2 minutes Winnipeg | Reuters — Production of Canada’s biggest crop, canola, has expanded rapidly in recent years amid strong demand for the vegetable oil it produces. But the other processed canola product, meal, takes a backseat to U.S. soymeal to feed certain livestock, due to a reduced protein level. Seed developer DowDuPont hopes to change that […] Read more
Prairie malt barley prices lower than feed
Reading Time: 2 minutes CNS Canada — With feed barley in tight supply, the tables have flipped with feed prices now sitting higher than those for malt barley in Western Canada. Feed barley prices “make some of these other prices look a bit ridiculous. There’s no demand from the domestic maltsters because they’ve all been plugged up ever since […] Read more
Firm feed barley market capped by U.S. corn
Reading Time: < 1 minute CNS Canada — Feed barley bids in Alberta have shown some strength post-harvest and look to remain firm heading through the winter. However, the threat of U.S. corn imports will likely cap the upside. “Barley’s been on the rise here,” said Jared Seitz of Agfinity at Spruce Grove, Alta. Some U.S. corn was crossing the […] Read more
High-quality durum still top of mind for buyers
Reading Time: 2 minutes Winnipeg | CNS Canada — Following two years of varying qualities for Canadian durum, the world still wants higher-quality grain, according to Rhyl Doyle. “The world still wants (No. 1) CWAD and last year although the profile was mostly (No. 3) CWAD, they still wanted 1 CWAD. So there are a spectrum of markets for […] Read more
Chinese protein preference becoming big obstacle for canola
Reading Time: 2 minutes Winnipeg | CNS Canada — As China’s consumption of higher-protein foods continues to grow, so too does its selectiveness for which oilseeds it will pursue on the open market. So far, it’s a race canola does not seem to be winning. “The big demand factor in China is protein, rather than vegetable oil,” said Felix […] Read more
Durum production seen vulnerable heading into 2018
Reading Time: 2 minutes Winnipeg | CNS Canada — Western Canada and the northern U.S. could be in trouble for next year’s durum crop if rain doesn’t come, while large global stockpiles could also keep commodity prices low, according to analysts here at the Grain World conference. “Will it rain in the durum areas of Canada and the United […] Read more
Global buyers of quality wheat face disappointment in Canada
Reading Time: 3 minutes Winnipeg/Chicago | Reuters — Buyers looking to Canada for high-quality wheat to make bread as drought roils output in the northern U.S. may be thwarted, as dry weather has also hit crops there. Wheat plants with the high protein content needed to bake bread have shrivelled in the U.S., one of the world’s top exporters, […] Read more
Cargill’s Q3 profit up on ingredient, protein demand
Reading Time: 2 minutes Chicago | Reuters — Global commodities trader Cargill reported a higher quarterly profit on Wednesday as strong earnings from its food ingredients and protein units more than offset lagging results from South American grain trading and processing. The privately held company has been streamlining its operations to focus on higher-margin businesses such as food ingredients […] Read more
Tight high-protein supplies underpin Minneapolis wheat
Reading Time: 2 minutes CNS Canada — Spring wheat futures in Minneapolis are outpacing the Chicago and Kansas City winter wheats to the upside, and tight world supplies of higher-protein wheat should remain supportive until the 2017 North American crop becomes better known. “A lot of it is the protein market,” said analyst Bryan Strommen of Progressive Ag in […] Read more
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