Foreign traders vying for piece of North American grain-handling sector

The urgency to operate in the United States or Canada has grown because of increasing global demand for crops

For decades, the world’s leading grain traders like Cargill and Bunge enjoyed an unparalleled advantage: their smaller North American competitors lacked the flexibility and diversity of a global operation, and their foreign rivals lacked access to the biggest and most stable exporters in the world. That’s about to change. Large U.S. and Canadian grain companies

Monsanto to appeal French ruling

U.S. agribusiness giant Monsanto said Feb. 14 it will appeal a French court ruling that found it responsible for the poisoning of a farmer who inhaled a weed killer in what is the first such case to reach court in France. A court in Lyon, southeast France, ruled Feb. 13 that Monsanto was guilty of


George Morris Centre says Canada’s ethanol policy hurts livestock farmers

winnipeg / reuters / The George Morris Centre is calling on the federal government to curb or eliminate its support for ethanol production because it is pushing up feed grain prices. Ethanol has boosted feed grain prices by $15 to $20 per tonne in Eastern Canada and by $5 to $10 in the West, said

European agency launches food security initiative

London | Reuters — The European Bank for Reconstruction and Development launched an initiative Nov. 28 to boost food security through private-sector investment to unlock the production potential of suppliers like Russia. The lending institution, which has traditionally focused on emerging European economies, announced in Novembera it planned to expand operations to the Middle East


European agency launches food security initiative

london / reuters /The European Bank for Reconstruction and Development launched an initiative Nov. 28 to boost food security through private-sector investment to unlock the production potential of suppliers like Russia. The lending institution, which has traditionally focused on emerging European economies, announced in Novembera it planned to expand operations to the Middle East and

ADM To Build Canola Biodiesel Plant In Canada

briefs reuters / U.S.-based agribusiness Archer Daniels Midland Co. said Nov. 14 that it would build a 265-millionlitre biodiesel plant in Lloydminster, Alta. The plant would crush canola, Canada s second- biggest crop after spring wheat, and boost ADM s North American biodiesel production capacity by 50 per cent. ADM said it would start building


Agribusiness Giants Can’t Escape Market Volatility

You know commodity trading conditions are tough when even firms that sit on both the buy and sell sides of a market still suffer hefty losses. Such was the case with 140-year-old agribusiness giant Cargill, which recently reported a 66 per cent drop in earnings in the latest quarter over year-ago levels due to global

Viterra Outlines Structure Along Three Business Lines

TORONTO/REUTERS Viterra Inc. outlined Aug. 8 a global organizational structure around three business lines – grain, processing and other agricultural products – and named senior executives to head each unit. The Canadian agribusiness company, which has expanded recently in Australia and New Zealand, said the moves would support growth and improve internal efficiencies. Fran Malecha,


In Brief… – for Jul. 7, 2011

EU drought eases:Rain in past weeks has saved European Union wheat from the worst impact of drought this spring but the 2011 crop will still fall on the year, analysts and traders said June 28. Much of west Europe has had regular rain in the past three weeks, relieving parched crops after the spring drought.

Cancer Cause Or Crop Aid? Glyphosate Faces Big Test

Critics say it’s a chemical that could cause infertility or cancer, while others see it speeding the growth of super weeds and causing worrying changes to plants and soil. Backers say it is safe and has made a big contribution to food production. It’s glyphosate, the key – but controversial – ingredient in Roundup herbicide