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Cargill, Viterra ship Brazil soy to Argentina early

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Reuters – Global grain traders Cargill and Viterra appear as charterers of two vessels to be loaded with Brazilian soybeans for delivery in Argentina over coming weeks, according to shipping data. Cargill’s Interlink Fortuity vessel is expected to arrive on Jan. 25 at the port of Santarem in northern Brazil and set sail on Feb.
(Dave Bedard photo)

Cargill names new CEO

Former proteins boss to lead firm

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Reuters — Cargill Inc. said on Monday Brian Sikes will take over as the global commodities trader’s new president and CEO effective Jan. 1. Sikes will succeed Dave MacLennan, who has served as Cargill’s CEO and chairman since 2013. MacLennan will now assume the role of executive chair of Cargill’s board of directors and will
(Sollio Agriculture photo)
Crops

Sollio to exit southwestern Ontario grain handling

Country elevator assets to be sold after harvest, co-op to focus on ag retail

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One of Canada’s biggest ag co-operatives is moving ahead on plans to “optimize assets” by shedding its stake in grain handling in southwestern Ontario and focusing more closely on retail ag inputs. Sollio Agriculture, the agribusiness arm of Quebec-based Sollio Cooperative Group, on Tuesday announced it will start “an orderly wind-down” of its Ontario Grain
(Dave Bedard photo)
Markets

Cargill fiscal 2022 revenue jumps to record US$165 billion

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Reuters — Global commodities trader Cargill on Tuesday reported that its fiscal year 2022 revenue jumped 23 per cent from a year earlier to a record US$165 billion. The strong result was the latest for a global agricultural commodities trader after rivals ADM and Bunge reported solid earnings last month amid high farm products prices
A plate of honey dijon glazed chicken wings. (SandersonFarms.com)
Livestock, Markets

Cargill, Continental close U.S. chicken deal

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Washington | Reuters — Cargill and Continental Grain said on Friday that they had closed their deal to buy Sanderson Farms, the third largest chicken producer, in a deal worth some US$4.53 billion. Under the deal, which was announced last August, Sanderson is being combined with Continental Grain subsidiary Wayne Farms. Sanderson will cease trading
(Dave Bedard photo)
Crops

Cargill plans to close U.K. rapeseed crush plant

Fewer U.K. farmers growing crop

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London | Reuters — Cargill plans to close its rapeseed crush facility in Hull, eastern England, the global commodities trader said Tuesday. The mill, which Cargill has been operating since 1985, has the capacity to crush 750 tonnes of seed a day to produce 420 tonnes of rapeseed meal and 323 tonnes of crude rapeseed
(RyanJLane/E+/Getty Images)
Livestock, Markets

CEOs of four large U.S. meatpackers to testify in Congressional hearing

Beef prices up for consumers, down for ranchers

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Washington | Reuters — The chief executives of U.S. meatpackers Cargill, Tyson Foods, JBS and National Beef Packing have agreed to testify at a Congressional hearing discussing cattle markets and price increases for consumers, House agriculture committee chairman David Scott said Wednesday. “It is very important, very vital, and very urgent that we hear the
(Lovelyshot/iStock/Getty Images)
Beef cattle, Livestock

Quebec group seeks to sue beef packers over pricing

Group's class-action application alleges price-fixing dating back to 2015

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A Quebec consumer protection group intends to launch a class action lawsuit against four major beef processors in Canada and the U.S., alleging a “meat pricing conspiracy.” “At a time of high inflation, it is unacceptable to make the price of beef even more expensive than it already is,” Sylvie De Bellefeuille, a lawyer for
(Dave Bedard photo)
Crops, Other

Bunge says sanctions may have ‘adverse effect’ on Russian operations

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Reuters — Global agricultural commodities trader Bunge said continued conflict in Ukraine and stinging sanctions on Russia could have an “adverse effect” on its operations in the breadbasket region. Bunge and rival agribusinesses ADM and Cargill suspended operations in Ukraine last week after Russia invaded its neighbour. But none have stopped their business in Russia
A file photo of cargo ships and harbour cranes in the Ukrainian port of Kherson on the Dnieper River. (Ioanna_alexa/iStock/Getty Images)
Crops, Markets

Ukraine shuts ports as conflict threatens grain supplies

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Moscow/Kyiv | Reuters — Ukraine’s military has suspended commercial shipping at its ports after Russian forces invaded the country, an adviser to the Ukrainian president’s chief of staff said, stoking fear of supply disruption from leading grain and oilseeds exporters. Russia earlier ordered the Azov Sea closed to the movement of commercial vessels until further

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