Business Archives - Page 10 of 51 - Manitoba Co-operator

An aerial view of FCL’s Brandon fertilizer terminal after the $5-million expansion.

FCL completes $5M Brandon fertilizer terminal expansion

Upgrades will help ‘debottleneck’ the distribution system in Manitoba and eastern Saskatchewan

By Don Norman August 9, 2021

Just four years after the facility was built, Federated Co-operatives Limited (FCL) has just completed an upgrade to its Brandon fertilizer terminal. The project increases storage capacity by 9,000 tonnes, or more than 30 per cent. Plans for the $5-million upgrade (announced by FCL in a press release late last year) had come as a

Cargill, Continental Grain to buy chicken producer Sanderson Farms for $4.5 bln

Reuters – Commodities trader Cargill Inc and agricultural investor Continental Grain Co will buy chicken producer Sanderson Farms Inc for $4.53 billion, the companies said on Monday, at a time when meat prices have been soaring due to strong demand. The deal would see Sanderson Farms, the third-largest poultry producer in the United States, join

Other

Corteva lifts sales forecast on strong demand for crop protection products, seeds

By Arunima Kumar, GFM Network News August 6, 2021

Reuters – Corteva Inc on Thursday raised its net sales forecast for the year after strong demand for crop protection products such as herbicides and insecticides helped the agricultural company beat estimates for the second quarter. Corteva also announced a new $1.5 billion share repurchase program, in addition to a $1 billion buyback announced in 2019,

Markets, Other

Bayer Q2 misses forecasts as costs, forex effects bite

By GFM Network News August 5, 2021

Frankfurt | Reuters – Bayer shares fell to their lowest levels in more than seven months after the German agricultural and pharmaceuticals group reported lower-than-expected second-quarter core earnings due to higher production costs and currency headwinds. Second-quarter earnings before interest, tax, depreciation and amortisation (EBITDA) before special items fell 10.6 percent to 2.58 billion euros ($3.05 billion),

News, Other

Bayer expects earnings growth on agriculture

New ag products are expected to spur ‘above-market’ growth next year

By Ludwig Burger March 19, 2021

Reuters – Germany’s Bayer on March 10 pledged to revive growth in adjusted earnings by 2024, helped by the launch of products such as digital farming services, soy seeds and non-prescription remedies. The agriculture and pharmaceuticals group said in a statement it was aiming for core earnings per share of between seven and 7.50 euros (C$10.53-$11.28) by 2024,

Roquette was forced to deal with a quickly evolving situation while also managing its construction process at Portage la Prairie.

News, Pulses

Protein companies ponder COVID-19 echoes

How many of the COVID-19 adjustments are likely to stick as the ‘old normal’ slowly reasserts itself?

By Alexis Stockford March 12, 2021

Flip the calendar back to this time last year. It’s the first months of 2020. COVID-19 is just starting to worm its way into the North American consciousness. Most of us have just heard the phrase “social distancing” for the first time. The first COVID-19-related public health orders are being released. Inside food-processing plants and

Roquette initially thought the bulk of its peas for its processing facility would come from Saskatchewan, but so far Manitoba producers have risen to the challenge.

News

Manitoba ‘the Silicon Valley of plant-based protein’

Regulatory burdens are holding back the sector's true potential, one industry leader says

By D.C. Fraser February 23, 2021

The person tasked with opening the world’s largest pea protein facility says Manitoba “can be the Silicon Valley of plant-based proteins” – but regulatory changes are needed. Dominic Baumann, CEO of Roquette Canada, made the bold declaration during a virtual event put on by the Canadian Agri-Food Policy Institute (CAPI) focusing on investment and sustainability

Markets, News

Tyson Foods shares drop as quarterly sales miss estimates

By Praveen Paramasivam, Tom Polansek February 22, 2021

Tyson Foods reported lower-than-expected first-quarter sales on Feb. 11. amid weak meat demand at restaurants during the pandemic. The biggest U.S. meat company by sales expects demand will improve as COVID-19 vaccinations prompt people to eat out more often. So far, though, increased meat sales at grocery stores have not been enough to offset the

Kelly Dobson (right) speaks to the virtual Advancing Women in Agriculture Conference on November 24, joined by friend Brent Van Koughnet.

Farmit Manitoba, Other

Leadership effectiveness critical to farm success

Poor leadership prevents critical decisions, conversations from being confronted head on, says leadership coach Kelly Dobson

By Geralyn Wichers December 21, 2020

Technical competency and a good work ethic are no longer enough to be a successful farmer. Farmers need to develop personal and leadership capacity, Kelly Dobson told the Advancing Women in Agriculture Conference. Hard work and skill are “actually the minimum standard,” said Dobson, a certified executive coach with Leadershift, and a farmer from Fairfax, Manitoba. “Who

News, Other

CN celebrates independence anniversary

Last month marked 25 years since the company was privatized in what was then the largest initial public offering in Canadian history

By Manitoba Co-operator Staff December 1, 2020

CN is celebrating a quarter-century of privatization. The company, which was at the time Canada’s largest and oldest Crown corporation, was the largest IPO in Canadian history. On Nov. 17, 1995, investors spent C$2.25 billion snapping up shares. The company is using the celebration to tout its transformation into “… a world-class transportation leader and

Daily Network News

U.S. corn and soybean yields revised down by USDA

JBS profit falls amid still-challenging US market environment

U.S. grains: Soy hits 17-month high, corn to four-month top as trade braces for U.S. data

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