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China shipping wheat flour to Canada

Chinese state-owned agrifood firm Cofco says it has scored its first-ever international sale of wheat flour — into the Canadian market. Cofco, which said in June it plans to open a Canadian grain trading office in Winnipeg, recently announced it had loaded a container ship at the northeastern port of Dalian on Nov. 17 with

Crops, Markets

China approves corn export permits to two companies

By GFM Network News, Reuters September 30, 2016

Beijing | Reuters –– China has given approval to at least two companies to export corn, two sources with knowledge of the matter said, in a radical move by the world’s No. 2 producer to cut its ballooning surplus that could add more supply to a saturated global market. The move threatens to push U.S.

Shanghai’s Pudong business district, shown here, is home to COFCO Agri’s Chinese trading office. (CIA.gov)

Crops, Markets

China’s COFCO to open Canadian grain office by autumn

By GFM Network News, Reuters June 28, 2016

Winnipeg | Reuters — China’s COFCO Agri will open a Canadian crop trading office in Winnipeg by the time farmers harvest their new crops, the state-owned agricultural trader said Tuesday. The new office, which Reuters reported earlier this month, will focus on trading canola and its processed products oil and meal, as well as wheat,

Crops

CPP reported in talks for stake in Glencore agribusiness

By GFM Network News, Reuters April 5, 2016

Reuters — Commodity trading and mining firm Glencore is in advanced talks to sell a stake in its agricultural business to the Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported, citing people familiar with the matter. The CPPIB would take a stake of up to 40 per cent, valuing the business at

Noble Group, whose ag assets include this sugar mill in Brazil, is set to become a fully-owned arm of China’s COFCO. (ThisIsNoble.com)

Crops

Noble exits ag markets with unit sale to China’s COFCO

By GFM Network News, Reuters December 23, 2015

New York | Reuters –– Noble Group said Tuesday it has agreed to sell its remaining 49 per cent stake in its agribusiness to China’s state-owned COFCO International, exiting agricultural markets as the Asian commodity merchant seeks to slash debt and shore up cash. The $750 million cash deal will hand COFCO full ownership of

Crops, Markets

COFCO in talks for full ownership of Noble agribusiness

By GFM Network News December 15, 2015

Reuters — China’s food giant COFCO is in advanced talks to take full ownership of Noble Group’s agribusiness, three sources said, a move which would cement its newfound strength in global agriculture markets and help bolster Noble’s balance sheet. The sources said COFCO was in talks to buy the remaining 49 per cent of Singapore-listed

G3 CEO Karl Gerrand, shown here in April in Winnipeg, said the company isn’t particularly interested in making a move on Glencore’s Viterra assets. (Dave Bedard photo)

Crops, Markets

Not much interest in Glencore ag assets at grain firm G3

By GFM Network News, Rod Nickel October 13, 2015

Winnipeg | Reuters –– Grain handler G3 Canada, a joint venture between a Saudi Arabian firm and Bunge Ltd., doesn’t have much interest in bidding for a stake in rival Glencore’s agricultural business, its chief executive said Tuesday. Swiss-based Glencore, the trader and miner whose shares have been battered by the commodities slump, is looking

Crops, Markets

Glencore reported in talks on agriculture assets

By Euan Rocha, GFM Network News October 2, 2015

Reuters — Glencore is in talks with a Saudi Arabian sovereign wealth fund and China’s state-backed grain trader COFCO, along with Canadian pension funds, to sell a stake in its agricultural assets, sources familiar with the matter told Reuters. Selling assets is one prong of a wider strategy by the Swiss-based trader and miner to

Crops, Markets

China to stockpile corn during 2015-16 at lower price

By GFM Network News, Reuters September 20, 2015

Beijing | Reuters — The Chinese government will continue its controversial corn stockpile policy during 2015-16 and will start to stock the grain from farmers at a lower price compared with last year, government bodies said in a statement late Friday. Beijing will pay 2,000 yuan (C$414) per tonne to farmers in the northeast, the

Crops, Markets

U.S. grains: Corn, wheat, soy drift lower in cautious trade

By GFM Network News, Julie Ingwersen September 17, 2015

Chicago | Reuters –– U.S. corn futures fell for a third day on Thursday as the harvest of an expected bumper crop expanded, but price movement was restrained as markets digested a Federal Reserve decision to leave U.S. interest rates unchanged. Wheat and soybean futures sagged on a lack of supportive fundamental news. All three

Daily Network News

U.S. livestock: Feeder cattle hit contract highs on tight supply

U.S. grains: Soybeans tumble on doubts over U.S.-China trade progress

Alberta harvest wrapping up: report

Tag Archives COFCO

China shipping wheat flour to Canada

China approves corn export permits to two companies

China’s COFCO to open Canadian grain office by autumn

CPP reported in talks for stake in Glencore agribusiness

Noble exits ag markets with unit sale to China’s COFCO

COFCO in talks for full ownership of Noble agribusiness

Not much interest in Glencore ag assets at grain firm G3

Glencore reported in talks on agriculture assets

China to stockpile corn during 2015-16 at lower price

U.S. grains: Corn, wheat, soy drift lower in cautious trade

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