Mosaic Announces Special Dividend

U. S. fertilizer maker Mosaic Co. said on Oct. 26 it plans to return about $580 million to stockholders through a special cash dividend that will be financed using cash on hand. The special dividend of $1.30 per share will be paid on Dec. 3 to stockholders of record as of the close of business

Salmonella Cuts Into Canola Crushing

Canada’s oilseed processors are crushing less canola, the first tangible sign that the rapidly expanding industry has run into a rut because of a dispute over salmonella with the U. S. Food and Drug Administration. Crushing has decreased even as processors are boosting capacity. If the trend continues, more seed could shift to export and


Ethanol Still Supporting Grain Markets

For three-times-daily market reports from Don Bousquet and RNI, visit “ICE Futures Canada updates” at www.manitobacooperator.ca Grain and oi l seed prices at ICE Futures Canada in Winnipeg closed the week ended Sept. 25 lower with modest losses in canola. Canola was pressured down by the advancing harvest, favourable weather, bearish technical signals, slower demand

Cargill CFO Sees Signs Of Economic Recovery

The chief financial officer of U. S. agribusiness giant and trading firm Cargill Inc. said Aug. 18 he sees signs that emerging economies were recovering and was cautiously optimistic about growth in the months ahead. “I think emerging markets continue to offer the best opportunities. That is where the economic activity is best right now,”


Smaller Canada Canola Crop Could Curb Exports

A sharply smaller Canadian canola crop in a year when crushing capacity is expanding could create tight supplies that would buoy prices and force buyers to rethink plans. Most Canadian crops are expected to shrink after cool weather and drought-delayed development. Farmers are hoping for later-than-normal frost-free weather to allow their crops to mature. Amid

U. S. Food Safety Worries Hit Canadian Canola Meal

Salmonella-tainted Canadian canola meal has run into a headwind of American food-safety concerns, a trend that threatens to pressure canola futures during a rapid expansion period for the industry. Since March, the U. S. Food and Drug Administration has refused one Canadian shipment of canola (a variant of rapeseed) and three shipments of canola meal.


Policy Shifts Can Be Penny-Wise But Dollar Foolish

The 1996 Farm Bill’s elimination of the grain storage program, coupled with the elimination of an acreage management program, increased the cost to taxpayers for farm programs by an average of $5.7 billion a year. During the debate over the 1996 Farm Bill, the proponents for eliminating a government stock program argued that the traditional

Canola Investment Soars

The canola race is heating up. Monsanto Canada broke ground on a $10-million research facility at the University of Manitoba Monday becoming the third company to announce a major expansion in canola research and development on the Canadian Prairies in as many weeks. Ryan Baldwin, Monsanto’s lead researcher for seed and traits, said canola has


Marubeni Deal May Aid Stealthy China Grain Imports

China’s second strategic tie-up with a Japanese trading house may be nominally focused on safeguarding soybean supplies, but the unspoken longer-term aim could be to help Beijing secure low-key corn and wheat imports. For now, China remains as it has been for centuries, self-sufficient in corn and wheat supplies; it also holds massive state stockpiles

Cattle Experts Say It Will Get Better

Cattle industry experts are in general agreement that the long-term outlook is bright for the beef industry. However, the short term remains troubled. A substantial list of long-term positives were listed by presenters at the recent Saskatchewan Stock Growers Association annual meeting in Moose Jaw. Pork, poultry and beef supplies are all dropping in North