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The Richardson Centre for Functional Foods and Nutraceuticals at the University of Manitoba’s Fort Garry Campus.
Farmit Manitoba

Pilot mill gets food-grade green light

Developing Future Food: Experts at the Richardson Centre for Functional Foods and Nutraceuticals are on the cutting edge of food development

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The University of Manitoba’s Richardson Centre for Functional Foods and Nutraceuticals (RCFFN) has always been about bringing the food industry in Manitoba and Western Canada to the next level. The centre has produced research into how canola and flax oil impact cardiovascular health, or analysis to help develop food products in a bid for later
The Italgrani USA durum mill at St. Louis, Missouri. (CNW Group/Richardson International)
Cereals, Crops

Richardson to buy major U.S. durum processor

Italgrani's milling, grain handling assets to go to Winnipeg firm

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Agrifood firm Richardson International is set to expand and further diversify its grain processing space with a deal for what’s billed as North America’s single largest durum flour and semolina miller. The Winnipeg company said Thursday it will buy 100 per cent of the shares in Italgrani USA Inc., whose assets include a mill, elevator
Oats. (Doug Wilson photo courtesy ARS/USDA)
Crops, Markets

Oats riding high with other crops

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MarketsFarm — Increased demand, both domestically and overseas, has caused the price of oats grown in Western Canada to rise compared to last year. And so far, seeding projections and rising prices for other crops suggest the market for oats won’t go down anytime soon. According to Prairie Ag Hotwire data from Wednesday, high-delivered bids
(Greg Berg photo)
Crops, Markets

Oat prices running out of upside

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MarketsFarm — Oat prices in Western Canada have shown some strength over the past year, but competition from other crops will likely lead to an acreage reduction this spring despite the firm prices, according to market participants. Ryan McKnight, from Linear Grain at Carman, Man., had seen prices for the crop rise last fall, but
(Groupe Soufflet video screengrab via YouTube)
Crops

InVivo in talks to acquire French agribusiness Soufflet

Firms see limited overlap outside grain trading

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Paris | Reuters — Co-operative group InVivo has entered exclusive talks to acquire family-controlled Soufflet in a deal that would create one of Europe’s biggest agricultural businesses with 10 billion euros (C$15.5 billion) in sales, the French firms said on Wednesday. The potential consolidation comes as France, the European Union’s largest agricultural producer, is trying
(ADM.com)
Crops, Markets

ADM beats profit estimates but revenue disappoints

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Reuters — Global grains trader Archer Daniels Midland beat Wall Street estimates for quarterly profits on Thursday, helped by strength in its grain milling and nutrition businesses. Still, revenue missed analysts’ expectations and net earnings attributable to the company were 44 per cent lower than a year earlier. Shares were down nearly three per cent
CBOT May 2020 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn rebounds after multi-year lows

Soybeans firm, wheat sags

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Chicago | Reuters — U.S. corn futures rose on Tuesday, clawing back from last week’s multi-year lows as traders covered short positions and farmer sales stalled, analysts said. Wheat futures declined, pressured by profit-taking after recent rallies, while soybeans closed modestly higher. Chicago Board of Trade May corn settled up 3-3/4 cents at $3.47-1/4 per

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