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News, Oilseeds

U.S. Soy Farmers Hanging On To Their Crop

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Grain companies will have to pay up to get deep-pocketed U.S. farmers to part with soybeans, as about half of the crop remains unsold at a time when soymeal demand rises seasonally and the export program could be extended by planting delays in Brazil. Soybean basis bids – the amount above or below Chicago Board
Opinion

The $40-Billion Potash Pie – for Sep. 2, 2010

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American farmers hardly noticed when, in mid- August, news broke that Australian-based BHP Billiton was willing to pay nearly $40 billion for the world’s largest fertilizer producer, Saskatchewan’s PotashCorp. The disinterest was honest; after all, who was BHP Billiton and what did it want with a Canadian fertilizer firm in the steady, if not dull,
News

Agrium, Rivals Seen Focusing On Smaller Deals

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“Consolidation of the fertilizer industry worldwide is far from over.” – JOERGEN OLE HASLESTAD Aprotracted takeover battle in the global fertilizer industry ended this week with a victory for CF Industries Holdings Inc., but the losers are unlikely to wait long before climbing back into the fray. CF Industries’ agreement to acquire Terra Industries brought
Crops, Oilseeds

Ritz Wants U. S. To Ease Actions On Crushers

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“The tests that are done as they leave the facility are all good (but) we have no control over a lot of the shipment side of it.” – AGRICULTURE MINISTER GERRY RITZ Canada wants the U. S. to stop imposing restrictions against Canadian canola-crushing plants when their meal shipments pick up salmonella bacteria en route
Crops, Oilseeds

Biodiesel Mandate In Effect For Manitoba

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Manitoba has become the first province in Canada to require biodiesel in diesel fuel. Fuel suppliers are now legally required to include a blend of two per cent biodiesel in their overall sales of on-road and off-road diesel. Manitoba is expected to use at least 20 million litres of biodiesel a year as a result
Livestock, Oilseeds

Adm, B. C. Fuel Firm Eye Biodiesel Plant

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Archer Daniels Midland and Canadian Bioenergy Corp. are studying a possible joint-venture canola biodiesel facility at ADM’s Lloydminster, Alta. crush plant. ADM, the Illinois-based multinational ag processing firm, and Vancouver-based Canadian Bioenergy said in a release April 7 that they have entered negotiations on such a joint venture. The two firms are now “in the
News

U. S. Oil Refiner Buys Into Ethanol

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Oil refiner Valero Energy beat out Archer Daniels Midland in buying bankrupt VeraSun Energy Corp.’s ethanol plants because ADM was only interested in buying the entire company, a lawyer for VeraSun said March 18. VeraSun announced March 17 that Valero, the largest U. S. oil refiner, had won an auction to buy seven of its
News

EU Slaps Duties On U. S. Biodiesel Imports

Akey European Union trade panel approved on March 3 temporary anti-dumping and anti-subsidy duties on imports of biodiesel from the United States, sources with knowledge of the decision said. “It went through with no problem,” one source told Reuters on condition of anonymity after a meeting of the EU’s anti-dumping committee of 27 national trade
News

ADM profit soars on higher prices

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Archer Daniels Midland Co. reported a quarterly profit that beat Wall Street forecasts by a wide margin, helped by higher selling prices for foods like corn syrup and hedging gains on raw material costs. Shares of ADM, one of the largest U. S. food processors and ethanol producers, shot up as much as 22 per
News, Oilseeds

Food approval sought for canola proteins

A food research and development firm says its two canola protein isolates, developed partly in Manitoba, will meet U. S. safety standards as food ingredients – and will now see if U. S. regulators agree. Burcon NutraScience, based in Vancouver with lab and technical facilities in Winnipeg, announced Oct. 7 it has “self-affirmed” that its

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