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According to Chuck Penner, LeftField Commodity Research, everyone was waiting for the USDA planting intention report with baited breathe but what shocked (or maybe not) the market was the stocks report.
Farmers holding onto old crop crop corn and wheat without unhedged are feeling a little sick this morning at least.
News of Cargill spinning off its malting business was first announced last December. The deal to sell the global malt business to Axreal's subsidary, Boortmalt, has officially closed, as of October 31. Boortmalt's parent company, Axreal, is France's largest grain cooperative. Cargill had one lone malting company in Canada — Prairie Malt, based at Biggar,…
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