M&A Archives | Manitoba Co-operator

CWB’s planned purchase of grain handling and port terminal assets from the Soumat arm of Toronto’s Upper Lakes Group Inc. has renewed calls for the wheat board’s contingency fund to be paid to farmers.

CWB facility purchase raises concerns

By Allan Dawson December 4, 2013

CWB Ltd. is buying handling facilities, but some farmers are wondering who’s paying the bill. CWB announced last week that it would purchase Mission Terminal, Les Élévateurs des Trois-Rivières and Services Maritimes Laviolette for an undisclosed amount. Some have concerns that the former Canadian Wheat Board’s contingency fund, which farmers claim as theirs, will bankroll

Cereals, Crops, Grain Markets, Oilseeds, US Markets

GRAINS-Wheat up on anticipated Egypt demand, soy at 2-month high

By Reuters November 27, 2013

* Wheat up for 4 out of 5 sessions on demand hopes * Market eyes Egypt wheat tender, poor output in Argentina * Soybeans climb to 2-month high on strong demand (Adds details, quotes) By Naveen Thukral SINGAPORE, Nov 27 (Reuters) - Chicago wheat edged higher on Wednesday, rising for four out of five sessions,

Cereals, Crops

Churchill exports up after longer than usual shipping season

OmniTRAX says exporting crude oil through Churchill would help ensure the port’s viability

By Allan Dawson November 20, 2013

The Port of Churchill, which closed for the season Nov. 12, was open almost two weeks later than usual and exported more than 600,000 tonnes of grain. Merv Tweed, president of OmniTRAX Canada, which owns the port and the Hudson Bay Railway that serves it, said that while this year’s performance is encouraging, the port

Cereals, Grain Markets, Oilseeds, US Markets

GRAINS-Corn falls for 3rd day on rising global supplies, soy dips

By Reuters November 14, 2013

* Corn falls as record U.S. harvest boosts supply * Soybeans ease for the 1st time in 7 sessions (Adds details, quotes) By Naveen Thukral SINGAPORE, Nov 14 (Reuters) - Chicago corn lost more ground on Thursday, falling for a third consecutive session as the harvest of a record-large crop in the United States boosts

Beef cattle, Livestock Markets, US Markets

LIVESTOCK-U.S. live cattle futures pressured by profit-taking

By Reuters November 13, 2013

* Weaker corn supports feeder cattle * CME hogs slip on weak cash markets By Meredith Davis CHICAGO, Nov 12 (Reuters) - Chicago Mercantile Exchange live cattle futures dipped on Tuesday on profit-taking as wholesale beef prices slipped and beef packer margins remained negative, traders said. Beef packer margins improved slightly on Tuesday, but were

Hogs, Opinion

Analyzing the Smithfield deal

By Daryll E. Ray, Harwood D. Schaffer June 28, 2013

The Chinese meat products firm Shuanghui International has announced its acquisition of Smithfield Foods, which controls 26 per cent of U.S. pork-processing capacity and 15 per cent of U.S. pork production. The value of the transaction is estimated by Smithfield to be US$7.1 billion. A number of questions began to run through our heads. Good

Hogs, Livestock

Cattle market report

By Sarah N. Lynch June 12, 2013

Activity was on the quiet side at auction yards across the province during the week ended June 7. Only a handful of Manitoba’s cattle markets held sales, as marketings slow down heading into the summer. Of the sales that were held at Winnipeg, Brandon, Virden and Grunthal, volumes were varied, ranging from as little as

Crops, Did you know?, Our History

A game changer in grain farming

Australian engineer Tom Carroll was convinced that self-propelled combines were the way of the future

By Manitoba Agricultural Museum June 12, 2013

What was designed by an Australian, built in Ontario, field tested in Argentina, revolutionized grain farming, and — 75 years ago — was sold to a Rapid City farmer? Full points if you guessed the first commercially successful self-propelled combine, and bonus ones if you knew it was the Massey Harris Model 20 purchased by

Hogs, Opinion

Guebert: Reasons to smile over the Smithfield purchase

By Alan Guebert June 12, 2013

Here are 10 reasons for American farmers and ranchers to be thrilled by Shuanghui International Holding Inc.’s proposed $4.7-billion purchase of Smithfield Foods, Inc. No. 10: The U.S. gets back some of the dollars held by China. While $4.7 billion is chicken feed compared to the $1.2 trillion of U.S. debt (about 7.5 per cent

Beef cattle, Other

LIVESTOCK-U.S. live cattle futures slump in fund selloff

May 31, 2013

* Wholesale beef price setback weighs * CME hogs up on cash, Smithfield news By Theopolis Waters CHICAGO, May 30 (Reuters) - Chicago Mercantile Exchange live cattle slumped on Thursday as futures fell below technical support triggering fund liquidation, traders and analysts said. CME live cattle June dropped beneath the respective 40-day and 20-day moving

First of four vessels arrives in Churchill

Prairie cash wheat: Bids mixed, reacting to futures and loonie

Little variation seen in global grain supply and demand data

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