grain trading Archives - Manitoba Co-operator

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)

Viterra seeking expansion in Americas, Australia, sources say

By Clara Denina, GFM Network News November 13, 2021

London | Reuters — Swiss miner and trader Glencore and its partners are looking at options to expand their agricultural joint venture Viterra, including targeted bolt-on acquisitions in the Americas and Australia, two sources close to the matter said. The firm, formerly known as Glencore Agriculture, made the headlines in 2017 for a failed takeover

The Andersons Grain Group’s Toledo-area elevator at Maumee, Ohio. (AndersonsGrain.com)

Crops

The Andersons to pay debt, invest in core units after rail business sale

Renewable fuels, specialty foods investments considered

By GFM Network News, Karl Plume August 18, 2021

Chicago | Reuters — U.S. grain handler The Andersons plans to use US$550 million from the sale of its rail leasing business to pay down debt and invest in sustainable farming and low carbon initiatives in its core grain and fertilizer units, CEO Pat Bowe told Reuters on Tuesday. Maumee, Ohio-based Andersons sold its rail

Glencore’s head office in Baar, Switzerland. (Glencore.com)

Crops, Markets

Glencore’s head barley trader leaves post

By GFM Network News, Reuters November 13, 2019

Paris | Reuters –– Glencore Agriculture removed head barley trader Mathieu Kleine from his post last week, market sources familiar with the matter said. The grain merchant, which is part owned by diversified commodity group Glencore, dismissed Kleine due to disappointing results, two of the sources said. It was not clear if Kleine was still

Crops, Markets, Weather

Major grain traders face one-two punch from U.S. floods, trade war

By GFM Network News, Karl Plume July 11, 2019

Chicago | Reuters — Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland and Bunge for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. ADM and Bunge, as well as peers Cargill and Louis Dreyfus, known as the ABCD quartet of

A Bunge port facility in Vietnam. (Bunge.com)

Crops

Bunge names acting chief as new CEO

By GFM Network News, Karl Plume April 25, 2019

Reuters — Global grains trader Bunge on Thursday named Gregory Heckman as its chief executive officer, three months after he took the helm in an interim capacity. Heckman, a founding partner of private investment firm Flatwater Partners and the former chief executive of grains trader Gavilon Group, was appointed acting CEO in January after long-serving

Markets

Beef, eggs, feed fatten Cargill’s profits

By GFM Network News, P.J. Huffstutter, Tom Polansek July 12, 2018

Chicago | Reuters — Strong global demand for beef and animal feed fattened grain trader Cargill’s profits in fiscal year 2018, which were also boosted by trade tensions and South American weather woes, the company said on Thursday. For the full year, adjusted operating earnings reached $3.2 billion, up six per cent from fiscal 2017

Editorial, Opinion

Editorial: End of an era

By Gord Gilmour May 10, 2018

[UPDATED: May 17, 2018] This week a chapter in the agriculture history of Manitoba quietly closed. Winnipeg has loudly proclaimed itself the heart of Canada’s grain trade since the early days of commercial agriculture on the Prairies. Nothing represented that more than the trading of grain-based derivatives, an important economic activity in the downtown core

(ADM photo by Dave Bedard, Bunge photo via Bunge)

Crops

ADM reported making takeover approach to Bunge

By GFM Network News, Rod Nickel, Tom Polansek January 19, 2018

Reuters — Top U.S. grains merchant Archer Daniels Midland has proposed a takeover of Bunge Ltd., the Wall Street Journal reported on Friday, a move that could set up a battle for Bunge with London-based rival Glencore. Large grain traders which make money by buying, selling, storing, shipping and trading crops have struggled in recent

Beef cattle, Livestock

Strong beef demand lifts Cargill profit for quarter

By GFM Network News, Karl Plume September 27, 2017

Chicago | Reuters — Global commodities trader Cargill reported a 14 per cent rise in quarterly profit on Wednesday as strong beef demand and ample supplies of cattle lifted earnings for its animal nutrition and protein segment for a fifth straight quarter. The gains in protein offset a weaker year-on-year result for Cargill’s origination and

Crops, Markets

Bunge leaves door open to selling itself

By GFM Network News, Karl Plume September 27, 2017

Reuters — Bunge Ltd. kept the door open on Wednesday to a sale of the company as it reported a 34 per cent drop in quarterly earnings and cut its full-year outlook, but its chief executive officer predicted a grains market rebound that would reverse the slide. CEO Soren Schroder said planned cost cuts should

Daily Network News

U.S. grains: Corn, soybeans recover from 3-month low on technical bounce

U.S. livestock: Cattle futures retreat on profit taking

ICE Weekly: All eyes on Carney in China

Tag Archives grain trading

Viterra seeking expansion in Americas, Australia, sources say

The Andersons to pay debt, invest in core units after rail business sale

Glencore’s head barley trader leaves post

Major grain traders face one-two punch from U.S. floods, trade war

Bunge names acting chief as new CEO

Beef, eggs, feed fatten Cargill’s profits

Editorial: End of an era

ADM reported making takeover approach to Bunge

Strong beef demand lifts Cargill profit for quarter

Bunge leaves door open to selling itself

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