Winnipeg (Resource News International) — Market participants will closely monitor Tuesday’s grain and oilseed stocks in all positions report scheduled to be released by Statistics Canada — especially its figures for 2006-07 wheat, barley and canola carryover, industry sources said Monday. “All the numbers will be used to tidy up supply/demand estimates for 2006/07 and
Markets to closely watch StatsCan’s stocks report
WCE close: CBOT gains boost canola
(Resource News International) — Canola futures at the Winnipeg Commodity Exchange (WCE) finished Friday’s session higher with the advances in the CBOT soybean complex and fresh fund buying providing some of the upward price momentum, market watchers said. Position evening ahead of the weekend was a feature of the activity. Canola finished higher in view
Viterra considers return to canola crushing
(Resource News International) — Growing global demand for biodiesel and food-quality vegetable oils has resulted in Viterra considering re-entering the oilseed processing sector, company CEO Mayo Schmidt said Friday. Viterra, is the new operating name for Saskatchewan Wheat Pool after its recent acquisition of Agricore United. “The company is currently actively looking at biofuel opportunities
Maple Leaf looks to ramp up Brandon hog kill
Winnipeg (Resource News International) —With the addition of a second shift at Maple Leaf Foods’ hog plant at Brandon, Manitoba on September 4, the company expects a ramp-up in slaughter capacity over the next six to eight weeks, according to an official with Maple Leaf. “The current hog slaughter capacity of 45,000 to 50,000 hogs
Record Ontario winter wheat acres projected
(Resource News International) An early soybean harvest, record high wheat prices and favourable weather conditions are expected to result in record area being seeded to winter wheat in Ontario this fall, according to the Ontario Wheat Producers Marketing Board’s general manager. “There is no doubt that a number of factors are promoting the planting of
Canada pursues wheat sales to India
Winnipeg (Resource News International) — The Canadian Wheat Board has been pursuing wheat sales to India despite having a reduced supply of wheat to work with, according to a spokeswoman with the CWB. “The CWB sold 50,000 (tonnes) of Canadian wheat to India in a tender recently,” confirmed Micheline Violi, a communications co-ordinator for the
WCE close: Mexican interest lifts canola
Winnipeg (Resource News International) — Canola futures at the Winnipeg Commodity Exchange (WCE) finished narrowly mixed with some of the upward price action sparked by talk of fresh exporter demand, market watchers said. The advancing harvest in western Canada and strength in the Canadian dollar helped to weigh on values. Position evening ahead of the
Closure possible for second Maple Leaf plant in Winnipeg
Winnipeg (Resource News International) — The closure of a second hog facility in Winnipeg owned by Maple Leaf Foods is a distinct possibility after employees at the plant voted against opening up the current collective agreement, according to officials with the union representing the workers. “Maple Leaf Foods has threatened to close its Warman Road
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