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Gardiner Dam Terminal set to go full Viterra

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tagged Agricore Broderick dividends Gardiner Dam GDT GDT AgServices Glencore grain terminal retail Riverbend Co-op shareholders Strongfield Tullis Viterra
The farmers who own half of central Saskatchewan's Gardiner Dam Terminal have reached a deal to sell their half to their business partner and wind up the company. Glencore Agriculture's Viterra arm announced Friday it will buy the half of GDT it doesn't already own and take over operation of the GDT inland grain terminal near Strongfield, about 100 km south of Saskatoon. The deal also calls for Regina-based Viterra to sell GDT's three GDT AgServices crop input retail outlets, at…
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Positives and negatives both loom in cereal outlook

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tagged barley cereal crops Driedger durum Grain World oats Townsend wheat
CNS Canada -- There was a mix of good and bad from two senior market analysts when it came to their outlook for cereal crops. Jonathon Driedger and Neil Townsend, both with FarmLink Marketing Solutions, gave their thoughts about the global markets for wheat, durum, feed barley and oats Wednesday at the Grain World conference in Winnipeg. Citing numbers from the U.S. Department of Agriculture, Townsend said about 734 million tonnes of wheat were produced globally this year, down…
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Funds’ net short position growing in canola

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tagged canola canola futures cbot CFTC funds long positions open interest short positions speculators
CNS Canada -- Speculators added to their net short positions in canola during the week ended Tuesday, according to the latest Commitment of Traders (CoT) report from the U.S. Commodity Futures Trading Commission (CFTC). Managed money and other reportable speculators increased their net short position to roughly 29,400 contracts in canola during the reporting period, which compares with the net short of about 24,000 seen the previous week. Long liquidation was minimal, with the…
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U.S. livestock: Lean hogs limit up on swine fever fears

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tagged cattle futures China closing markets CME feeder cattle hog futures hogs lean hog live cattle swine fever tariffs
Chicago | Reuters -- Chicago Mercantile Exchange lean hog futures surged on Friday and the three most active contracts closed up their daily trading limit on rising concerns about the spread of African swine fever in China, traders said. Technical buying accelerated gains, lifting several deferred-month contracts to life-of-contract highs. "African swine fever fears are in the market again," said Doug Houghton, analyst with Brock Associates Inc. "China found an outbreak in…
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U.S. grains: Soybeans up after Trump comments on China, trade

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tagged cbot China closing markets corn futures soybean futures soybeans tariffs trade Trump USDA wheat futures
Chicago | Reuters -- U.S. soybean futures ended higher on Friday after rebounding on President Donald Trump's comments that his administration may not have to impose further tariffs on China, the world's biggest soybean buyer. Wheat added to early advances and corn pared losses after the comments. Trump has imposed tariffs on $250 billion of Chinese imports to force concessions from Beijing on a list of demands that would change the terms of trade between the two countries (all…
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Parmalat to buy Kraft’s Ontario cheese plant, brands

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tagged aMOOza cheese Cracker Barrel Ingleside Kraft Heinz natural cheese P'tit Quebec Parmalat
U.S. food processing giant Kraft Heinz is taking one step back from the Canadian dairy processing business with a deal to sell its eastern Ontario cheese plant and the brands made there. The company announced Nov. 6 it has a deal in hand to sell its Canadian "natural cheese" business and its cheese plant at Ingleside, Ont. to global dairy giant Parmalat for $1.62 billion. The deal would see Kraft Heinz's 400 employees at Ingleside, about 85 km southeast of Ottawa, transfer to Parmalat and…
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Today’s precipitation

tagged Canada CoCoRaHS prairies temperature weather WeatherFarm
Data and maps from weather stations across the Prairies are available to Glacier FarmMedia members at the WeatherFarm website, where you can also sign up for a daily forecast email for your area. On the go? Get the [Read more]

U.S. judge orders next glyphosate cancer trial for March

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tagged Bayer cancer glyphosate lawsuits monsanto Roundup trials
Reuters -- A California judge on Thursday granted an expedited trial for March in the case of a couple suffering from cancer who sued Bayer's Monsanto unit, alleging the company's glyphosate-containing herbicide Roundup caused their disease. The order by Superior Court Judge Ioana Petrou in Oakland, Calif. comes on the heels of a $289 million verdict in the first glyphosate trial in San Francisco in which a jury found Monsanto liable for causing a school groundskeeper's cancer (all…
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U.S. livestock: Hogs rise on technical buying, demand outlook

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tagged cattle futures China closing markets CME feeder cattle hog futures hogs lean hog live cattle swine fever Thanksgiving
Chicago | Reuters -- Chicago Mercantile Exchange lean hog futures firmed for a fourth straight session on Thursday, lifted by technical buying and good demand for pork, traders said. Persistent concerns about the spread of African swine fever in China, the world's top hog and pork producer, also underpinned prices as forecasts for big global hog supplies were seen tightening due to the outbreak. "There's a little more demand optimism that is helping carry things a bit in the…
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ICE weekly outlook: Canola seen dropping further still

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tagged canola canola futures canola markets China ICE oilseed market South America soybean
CNS Canada -- As global oilseed overproduction and a trade war rages on between the U.S. and China, producers should get used to lower canola prices, according to one analyst. "For the last two years (we've been) moving in a $480-$530 type of range. My best guess is that when we get into 2019, (without an) absolute bullish weather story or political story, we're going to shift this down to a nearby maybe $30 lower," Greg Kostal, president of Kostal Ag Consulting, said Wednesday…
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