(JMSmucker.com)

Smucker drops bid to buy Wesson Oil after U.S. objects

Washington | Reuters — J.M. Smucker Co. said on Tuesday it will abandon its plan to acquire Conagra Brands’ Wesson Oil brand after the U.S. Federal Trade Commission had moved to block the deal arguing it would likely lessen competition and violate anti-trust law. Mark Smucker, CEO of J.M. Smucker, said “it is not in



(Photo courtesy United Soybean Board)

Soybeans elbow their way to top of Prairie market

CNS Canada — As soybeans rise in acreage across Western Canada, many are wondering which crop will bear the brunt of their sudden expansion. “Guys are trying to figure out — is it squeezing out canola or peas?” said Dan Mazier, president of Keystone Agricultural Producers. “It’s one of those products.” Flax has also taken



(LouisDreyfus.ca)

Louis Dreyfus stems profit slide, but headwinds persist

Paris | Reuters — Agricultural trading giant Louis Dreyfus Company eked out a small rise in 2016 first-half net profit, saying steady shipped volumes helped it weather another tough period in commodity markets. Louis Dreyfus has been grappling with ample supply, lower prices and slower economic growth that have cut margins, while also going through


Canola testing chart support

CE Futures Canada canola contracts settled at their weakest levels in over a month on Oct. 29, and could be poised for further losses from a chart standpoint. The most active January contract settled at $471.20 per tonne on Oct. 29, which was below all of the major moving indicators and the weakest level for