Insights and Stories on Markets

Mar. 19, 2012 at 6:24 pm CDT

Grain companies including the government-owned Canadian Wheat Board had new contracts and pricing options for Prairie wheat, barley and durum on display here at a recent farmer meeting as the open market approaches Aug. 1. So far, the new CWB will be the only company continuing to offer pooling options. […]

By Allan Dawson

Mar. 19, 2012 at 6:06 pm CDT

Commodities giant Glencore, partnered with Winnipeg’s Richardson International and Calgary’s Agrium, is close to a deal to buy Viterra, a source familiar with the matter told Reuters. Viterra and Swiss-based commodities trader Glencore are still in talks on price, but a deal could be reached within the next 24 hours […]

By Michael Erman, Rod Nickel

Mar. 18, 2012 at 11:01 pm CDT

Western Canadian feeder cattle prices were $2-$3 per hundredweight lower last week. Fed cattle prices came under pressure and barley prices surged higher, resulting in a negative tone for the feeder market. In central Alberta, mixed feeder steers averaging 584 pounds brought back $186/cwt, which was considered high compared to […]

By Jerry Klassen

Mar. 16, 2012 at 2:39 pm CDT

Glencore is planning a three-way carve-up of Canada’s largest grain handler Viterra, an industry source said, to help navigate a politically charged federal review process if it wins a looming bidding war for the company. The source told Reuters that the commodity trading giant wanted to buy all of Viterra […]

By Rod Nickel, Victoria Howley

Mar. 16, 2012 at 6:17 am CDT

A major Prairie canola processor that’s certified to crush "sustainable" feedstock oils for the European biodiesel market has set up a program to certify its canola growers. ADM (Archer Daniels Midland) Agri-Industries at Lloydminster, Alta. on Tuesday launched what it’s dubbed the Sustainable Grower Program, following its own certification through […]