Winnipeg egg processor to join Post — April 17, 2014


Winnipeg foodservice egg processor MFI Food Canada is poised to become an arm of breakfast giant Post as part of the U.S. company’s biggest-ever takeover deal. Post Holdings, whose brands include cereals such as Honeycomb, Alpha-Bits, Grape-Nuts and (in Canada) Shreddies, plus other cereal, snack and nutrition supplement products, announced Thursday it has an agreement […]

Prairie fertilizer supplies getting even more scarce — April 17, 2014


CNS Canada – A shutdown at Agrium’s nitrogen facility at Carseland, Alta. is threatening to slow down what was already a troubled shipping-schedule of fertilizer supplies across Western Canada. The N plant suffered a failure of its auxiliary boiler in late March. The facility isn’t expected to restart production until the second half of May. […]

U.S. livestock: CME hog futures climb, live cattle fall before holiday — April 17, 2014


Chicago | Reuters – Chicago Mercantile Exchange hog futures on Thursday finished higher on fund buying and short-covering ahead of the Easter holiday, traders said. CME will be closed on Friday in observance of the Good Friday holiday. Some investors bought the May and June contracts in anticipation of a post-Easter uptrend in cash hog […]

U.S. grains: Wheat rises; corn, soy weak ahead of long weekend — April 17, 2014


Chicago | Reuters – U.S. wheat futures firmed on Thursday, supported by short-covering, concerns that a recent cold snap in key growing areas damaged some of the crop and worries that grain shipments from the Black Sea could be disrupted by political unrest in Ukraine, traders said. Wheat also received support from better-than-expected export sales […]

GRAINS-Wheat rises 1.2 percent; corn, soy ease

* Wheat firms on weather concerns, exports * Soybean prices fall from nine-month high (Recasts, updates with U.S. trading, adds new analyst comment, changes byline, dateline) By Mark Weinraub CHICAGO, April 17 (Reuters) – U.S. wheat futures rose 1.2 percent on Thursday, supported by concerns that a recent cold snap in key growing areas damaged […]

CWB bidding for full ownership of Prairie West Terminal — April 17, 2014


Western Saskatchewan farmers with shares in grain handler Prairie West Terminal are to vote next month on a $43.23 million cash bid from CWB for the 90 per cent it doesn’t yet own. CWB, the Winnipeg grain company formerly known as the Canadian Wheat Board, announced Thursday it has entered an “arrangement agreement” with PWT […]

ICE weekly outlook: Soyoil driving canola market — April 16, 2014


CNS Canada – Canola futures on the ICE Futures Canada platform finished little changed during the week ended Wednesday, as buyers were reluctant to push the market higher despite large gains seen in outside oilseeds. “Nobody really wants to buy canola, but they’ll have to push it along with the soy markets if it keeps […]