Canada’s grain system world’s best

For years Canada’s grain industry engaged in self-flagellation, condemning the grain-handling and transportation system as inefficient. Not anymore. “We have arguably the world’s most efficient handling network,” Don Solman, Richardson’s vice-president of finance and chief financial officer told the Grain Industry Symposium Nov. 21. “Back in the 1990s, basically the network was rebuilt with large

Puratone deal leaves farmers hanging

Manitoba farmers owed at least $1 million for feed grains delivered to financially troubled Puratone Corp. are left holding an empty bag with its pending sale to Maple Leaf. Earlier this month Maple Leaf Foods, which operates a hog-slaughtering plant in Brandon, announced it was buying Puratone for $42 million. Puratone’s liabilities total nearly $100


Province to back new loan program for hog producers

A financial stabilization program is on the horizon for Manitoba pork producers. Speaking to hog farmers and industry representatives in Niverville, Manitoba Pork Council chairman Karl Kynoch outlined a new loan program designed by the council — one that would see cash loans distributed by financial institutions, administered by Manitoba Pork Council Corporation, and guaranteed

Analyzing the loonie’s move to below par

The Canadian dollar has been trending lower, since it penetrated the lower boundary of the uptrending channel. I have found that chart analysis is a valuable resource for determining the price trend and where support and resistance to the trend may be anticipated. Trendlines During the course of a trend and all the fluctuations which


Agrium doubling dividend under shareholder pressure

Reuters / Fertilizer maker and ag retailer Agrium said Oct. 22 it plans to double its annual dividend, marking its third increase to the payout in less than a year. The move, announced as the Calgary company completed a $900-million share buyback, comes amid pressure from its largest shareholder, Jana Partners LLC, which wants Agrium

Hedge fund continues to push for Agrium breakup

Reuters / Hedge fund Jana Partners LLC, the largest shareholder in Agrium Inc., is calling for the company to be more open to discussing ways to boost shareholder value. Jana, which has been pushing for a split of the Canadian fertilizer company’s wholesale and retail division, says Agrium’s responses to the issues it has raised


Feast and famine for Africa farm investment

African agriculture has a big investment problem: lots of private equity interest but few opportunities because most farms and companies are too small to absorb the cash or provide attractive returns. With only a third of its 630 million hectares of arable land under cultivation and large quantities of water flowing untapped, Africa is the

Classic topping action in soybean meal

Each day’s prices and the pattern configurations are a direct result of human decisions to buy and sell

Technical analysis is the study of market movement. Its strength and popularity comes from the assumption that future price direction can be predicted by studying a market’s past activity. Technical analysis is concerned exclusively with the market and certain statistics the market generates — prices, volume and open interest. In technical analysis, no consideration is



Local investment can pay off

Canadians may not have to face some of the dangers others in the world are dealing with directly, but there’s still good reason to be nervous. After all, Bernie Madoff drained the accounts of his Canadian holders — including some of our most prominent institutions. If the shenanigans at Jon Corzine’s MF Global or at