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Tag Archives Cargill

(Dave Bedard photo)
Crops

Cargill close to resolving slow grain payments to farmers

Producers delivering now can expect their money right away, but the firm is still working on some payments for previously delivered grain

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Cargill is closer to fixing problems with paying farmers promptly for their delivered grain. “They [Cargill] have worked through most of the issues,” Canadian Grain Commission spokesman Remi Gosselin said in an interview Tuesday. “Our understanding at the grain commission is that there should be no issues on a go-forward basis for future deliveries and
(GFM file photo)
Crops, Markets

Cargill, ADM sell GrainBridge to ag software firm Bushel

'Network effect' expected in grains sector

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An online service farmers use to manage grain sales with ADM’s elevators and processing plants across Canada — along with Cargill and ADM elevators in the U.S. — is under new ownership. ADM and Cargill, the two major U.S.-based agribusinesses that set up GrainBridge in 2019, announced Tuesday they’ve sold it to Bushel, a Fargo,
CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets

U.S. grains: Soybeans, corn, wheat end firmer on bargain buying

Markets up off fall from Ida damage

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Chicago | Reuters — U.S. soybean futures firmed on Thursday on bargain buying after a six-session slide and better-than-expected weekly export sales data, analysts said. Corn and wheat futures also edged higher, consolidating after recent declines. Chicago Board of Trade November soybeans settled up 5-1/2 cents at $12.83-1/4 per bushel, bouncing a day after hitting
CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, orange and green lines). (Barchart)
Crops, Markets, Weather

U.S. grains: Corn, soybeans sag on export worries after Ida

Wheat futures follow downward

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Chicago | Reuters — U.S. corn futures fell about two per cent on Wednesday, with the benchmark December contract hitting a seven-week low as worries about shipping delays from the U.S. Gulf Coast triggered a round of long liquidation, analysts said. Soybean futures touched a two-month low and wheat followed the weaker trend. Commodity funds
CBOT November 2021 soybeans (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Weather

U.S. grains: Corn, soy, wheat sag as Ida damage spurs export concerns

Traders adjust positions on last day of month

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Chicago | Reuters — U.S. grain and soybean futures touched their lowest prices in weeks on Tuesday as power outages and damage to export facilities from Hurricane Ida stoked concerns about the potential for extended disruptions to shipments, analysts said. Uncertainty over the length of facility closures at the Gulf Coast, which accounts for about
CBOT December 2021 corn (candlesticks) with 20-, 50- and 100-day moving averages (yellow, green and black lines). (Barchart)
Crops, Markets, Weather

U.S. grains: Prices down on rains, Ida shuts grain facilities

Iowa, Minnesota crops benefit from rain; Cargill says Ida damaged Louisiana terminal

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Chicago | Reuters — Favourable rains in the U.S. Farm Belt combined with approaching harvests to push down Chicago Board of Trade grain and soybean futures on Monday, analysts said. Traders, meanwhile, assessed disruptions to U.S. crop exports from Hurricane Ida at a time when global supplies are tight and demand from China is strong.
(Kansas City Southern video screengrab via YouTube)
Crops, Other

Rail shippers pick sides as CP, CN bid for Kansas City Southern

Richardson, Conagra among firms supporting both bids

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Winnipeg | Reuters — North America’s freight rail customers, from grain shippers to logistics companies, are choosing sides as Canadian Pacific Railway and Canadian National Railway fight to buy Kansas City Southern. A takeout of KCS would be the first major North American railroad combination in more than 20 years and create the first network
Kyle Jeworski, Viterra’s CEO for North America, speaks in a December 2020 promotional video announcing the company’s worldwide rebranding. (Viterra video screengrab via YouTube)
Crops, Markets

Viterra plans major canola crusher for Regina

Expected capacity would make facility largest in world

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Grain handler and processor Viterra is taking its plans to build the world’s biggest canola crusher to its Prairie home town. The North American arm of Rotterdam-based Viterra said Monday it’s in the “feasibility” stage of designing and finalizing plans for what it bills as the “world’s largest integrated canola crush facility” in the northeast
Excerpt from a digital rendition of Cargill’s proposed $350 million canola crushing plant proposed for the Regina area. (Image courtesy Cargill)
Crops, Markets

Cargill to crush canola at Regina

New plant to process up to one million tonnes per year

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The Canadian arm of agrifood giant Cargill plans to further expand its reach in the Prairie canola market with a new crush plant at Regina and upgrades elsewhere. The company announced Thursday it would start construction on the $350 million plant “early next year” and expects to have it operating by early 2024, employing about

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