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Trish Jordan
News

Canadian grain companies wary of unapproved GM crops

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Top U.S. grain companies have taken a hard line and are refusing genetically modified crops that haven’t been approved in major markets, while Canada’s grain industry remains more flexible. So far the Canadian companies are approaching the issue on a case-by-case basis, but that could change, according to Wade Sobkowich, executive director of the Western
WGEA executive director Wade Sobkowich says farmers won’t be able to deliver grain treated with either quinclorac or chlormequat to member elevators in the 2016-17 crop year.
Crops, News

Grain companies won’t buy crops treated with quinclorac or chlormequat in 2016

The Western Grain Elevator Association says to do otherwise would jeopardize important 
Canadian canola and wheat export markets

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It’s going to be a hard “no” from the major grain companies for 2016-17 deliveries of canola sprayed with the herbicide quinclorac and wheat treated with the growth regulator chlormequat. The announcement came recently from the Western Grain Elevator Association when it introduced its Declaration of Elegibility affidavits for the coming crop year, noting the
(LDCom.com)
Crops, Markets

Louis Dreyfus reports lower profits, seeks partners

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Paris | Reuters — Louis Dreyfus is seeking partners for some of its businesses to help the commodity trading group to weather a market downturn that hit full-year profits. Lower prices, plentiful supply and faltering economic growth in emerging economies have put pressure on commodity traders such as Louis Dreyfus that collect, export and process
(LouisDreyfus.ca)
Crops

Dreyfus owner pregnant, plans maternity leave

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Paris | Reuters — Margarita Louis-Dreyfus, majority owner and chairwoman of global trading house Louis Dreyfus Commodities, is pregnant with twins and plans to take short maternity leave following the birth due in early April, the company said. Louis-Dreyfus, 53, will continue as chair of the group’s supervisory board until the birth of the twin
(Scott Bauer photo courtesy ARS/USDA)
Crops

Louis Dreyfus said seeking buyers for juice, fertilizer units

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Reuters — Louis Dreyfus Commodities is seeking buyers for its orange juice and fertilizer units as the global merchant focuses on higher-margin activities, sources said, the latest firm to take steps to weather weak commodity markets. The company had been actively marketing the orange juice and fertilizer businesses for some months, having appointed banks to
(Portosdobrasil.gov.br via Flickr)
Crops, Markets

Dreyfus, Cargill win Brazil port space

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Sao Paulo | Reuters –– Louis Dreyfus Commodities and Cargill won an auction on Wednesday to operate a grain terminal at Santos Port for 25 years, while Fibria SA and Marimex won rights to operate pulp areas there leased from Brazil’s government. The three port areas were the first of 93 nationwide that the government
Mayo Schmidt, shown here in Winnipeg in 2007, led Viterra until 2012. (Dave Bedard photo)
Crops, Markets

Ex-Viterra chief to take Ontario’s Hydro One public

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The chief executive who morphed Saskatchewan Wheat Pool from a debt-crushed grain handler into Viterra, then oversaw its sale to Glencore, has been tapped to take Ontario’s Crown-owned power utility public. Toronto-based Hydro One on Thursday announced Mayo Schmidt as its new president and CEO effective Sept. 3, replacing Carmine Marcello. “We believe that Mr.
grain bins
Cereals, Opinion

Editorial: Captive grain, and captive farmers?

COFCO likley to create waves for the future of grain pricing

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Those who follow livestock markets will know the term “captive cattle” — feedlot cattle owned by the large packers, and which they can use to maintain supply and/or take the pressure off rising open-market prices. In the past that’s led to some U.S. government intervention, such as mandatory reporting of purchases and prices. Recent developments
(Dave Bedard photo)
Crops

Ex-Viterra chief returns to Agrium board

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No longer lined up to lead Louis Dreyfus’ global commodities operations, Mayo Schmidt is back on the board of one of the world’s major ag retail and fertilizer firms. Schmidt — previously CEO at Viterra, Canada’s biggest grain handling firm, from 2000 to 2012 — had stepped down last month from Calgary-based Agrium’s board of directors in light of

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