Company paid S$129 million for 40 million shares, increasing its ownership to 24.9%.

Outstanding feature in wheat futures in the past several weeks has been a hasty retreat from contract and even multi-year highs posted in early July.

The new mix is in response to a rise in demand for “healthier and nutrient-enriched bread varieties.”

Second major modernization project announced since June.

The investment is a part of the initiative that provides programs and services to drive the Canadian ag and agri-foods sector.

But adjusted earnings per share increase to 57¢ from 41¢ a year ago.

Flexible crush capacities extended in response to growing demand for European non-GMO soybean meal.

The new addition includes 45,000 tonne storage facility located at the Port of Ashdod.

Research firm cites poor crush margins and slow farmer selling.