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Corporate market news for Jan 2007


Record December at WCE

WINNIPEG - Jan 3/07 - SNS -- Futures trading volumes at the Winnipeg Commodity Exchange (WCE) finished 2006 with a record month, while options trading activity was insignificant at just 1.1% of total trading volume. . . . Continue or visitors click here


Cargill Subsidiary Building Ethanol Plants

NEW YORK - Jan 9/07 - SNS -- Cargill's recently created subsidiary, Emerald Renewable Energy LLC, plans to build four 100 million-gallon-per-year ethanol plants in the Midwestern United States. . . . Continue or visitors click here


Agricore Redeems Convertible Debentures

WINNIPEG - Jan 10/07 - SNS -- Agricore United completed the previously announced redemption of all of its outstanding 9% Convertible Unsecured Subordinated Debentures due November 30, 2007. . . . Continue or visitors click here


Agricore Says SWP Bid Condition Not Met

WINNIPEG - Jan 12/07 - SNS -- Agricore United contends a key condition of the Saskatchewan Wheat Pool's (SWP) hostile take-over bid cannot be met before the bid's January 24 expiry date. . . . Continue or visitors click here


SWP Disputes Agricore Claims

WINNIPEG - Jan 12/07 - SNS -- The Saskatchewan Wheat Pool (SWP) reacted strongly to assertions by Agricore United that key conditions of its hostile take-over bid cannot be met. . . . Continue or visitors click here


ADM Multi-Purposes Crush Plant

NEW YORK - Jan 17/07 - SNS -- Archer Daniels Midland Company will convert its Spyck, Germany rapeseed crushing facility so that it can also handle sunflower seed. . . . Continue or visitors click here


WCE Names 2007 Board

WINNIPEG - Jan 18/07 - SNS -- Shareholders of the Winnipeg Commodity Exchange (WCE) elected the 2007 board of directors at yesterday's annual meeting. . . . Continue or visitors click here


WCE Stock Split

WINNIPEG - Jan 18/07 - SNS -- Directors of WCE Holdings Inc. approved a 25 to 1 stock split which will increase the number of issued and outstanding Class A Common Shares from 24,000 to 600,000. . . . Continue or visitors click here


Kraft Sells Hot Cereals Division

NEW YORK - Jan 23/07 - SNS -- Kraft Foods Inc. will sell its hot cereals business, including the Cream of Wheat brand and related assets to a wholly owned subsidiary of B&G Foods, Inc. for approximately $200 million. . . . Continue or visitors click here


SWP Sweetens Agricore Bid

WINNIPEG - Jan 25/07 - SNS -- The Saskatchewan Wheat Pool (SWP) sweetened its bid for Agricore United's outstanding shares by providing a cash component. . . . Continue or visitors click here


Imperial Sugar Net Income Rises

NEW YORK - Jan 30/07 - SNS -- Imperial Sugar Company reported a net income of U.S. $15.7 million on sales of $127 million for the first quarter ending December 31, compared to a net of $almost $12 million on sales of $254 million during the same three month period of the last fiscal year. . . . Continue or visitors click here


Imperial Sugar Dividend

NEW YORK - Jan 30/07 - SNS -- Imperial Sugar Company declared a quarterly cash dividend of $0.07 per share. . . . Continue or visitors click here


ADM Sells Monoglycerides Unit

NEW YORK - Jan 30/07 - SNS -- Archer Daniels Midland Company completed the sale of the Arkady and distilled monoglycerides businesses to Caravan Ingredients, owned by CSM of the Netherlands. . . . Continue or visitors click here


CWB Sues Ottawa Over Arason

WINNIPEG - Jan 31/07 - SNS -- Acrimony between Canada's federal agriculture minister and the Canadian Wheat Board (CWB) reached a new level with the marketing board's decision to sue the government over the salary level set for interim CEO Greg Arason. . . . Continue or visitors click here



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