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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
(LDCYorkton.com)
Crops

Dreyfus unsure when Sask. canola plant will reopen

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CNS Canada –– A month after an explosion crippled the Louis Dreyfus Commodities canola crushing plant at Yorkton, Sask., it’s still unclear when operations will resume. LDC Canada’s vice-president Brian Conn issued a statement Tuesday outlining its “preliminary assessment” of the situation. While the investigation is ongoing, Dreyfus’ assessment so far indicates the Oct. 24

Louis Dreyfus plant may resume canola crushing in 3-7 weeks

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Winnipeg / Reuters – Louis Dreyfus Corp’s Canadian canola plant may resume receiving and crushing the oilseed in three to seven weeks, following last week’s explosion and fire, the president of the company’s Canadian unit said on Friday. Brant Randles, president of Louis Dreyfus Commodities Canada Ltd, said the company is working with contractors and engineers on a
Rail cars being loaded with grain at a terminal
Cereals, News

Dreyfus files rail level-of-service complaint, others may follow

Grain is moving but the railways are the ones deciding where it goes

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Louis Dreyfus Commodities has filed a level-of-service complaint against CN Rail with the Canadian Transportation Agency (CTA). It may be one of many as other grain companies contemplate similar action in hopes of recouping losses due to poor rail service for grain this winter. Meanwhile, CN and CP Rail “have met the prescribed (grain-moving) target
Cereals, Opinion

Foreign traders vying for piece of North American grain-handling sector

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The urgency to operate in the United States or Canada has grown because of increasing global demand for crops

For decades, the world’s leading grain traders like Cargill and Bunge enjoyed an unparalleled advantage: their smaller North American competitors lacked the flexibility and diversity of a global operation, and their foreign rivals lacked access to the biggest and most stable exporters in the world. That’s about to change. Large U.S. and Canadian grain companies
Cereals, Crops

Group Promotes Canada’s Forgotten “Blue Water” Port

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Early in The Second World War, Russian forces successfully fended off an attempt by Hitler’s armies to cut off the country’s crucial northern lifeline: the deep sea Port of Murmansk. A huge monument now stands over the harbour in recognition of the fanatical defenders and their battle to keep open a vital route bringing in
Cereals, Grain Markets, Oilseeds

Argentine Farmers On Strike

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Argentine farmers halted sales of wheat, corn and soy on Monday as they went on strike over export curbs, rekindling a dispute that helped drive global grains prices to record highs three years ago. The seven-day protest could fuel supply concerns just as dry weather linked to the La Nińa weather pattern worsens the outlook
Crops, Oilseeds

Dreyfus Crush Plant To Reach Full Speed Mid-May

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The new canola-crushing plant at Yorkton, Saskatchewan owned by Louis Dreyfus Canada Limited and Mitsui & Co. is processing at 80 to 90 per cent capacity and should reach full speed within another month or two, the president of Louis Dreyfus Canada said Mar. 8. The Dreyfus-Mitsui plant, which has an annual capacity 850,000 tonnes,
News

Speculators Not Blamed In Cotton Futures Spike

“There is no smoking gun. If there was, obviously somebody would have been prosecuted.” – SHARON JOHNSON, FIRST CAPITOL GROUP Market manipulation did not cause cotton futures prices to artificially spike in 2008, the U. S. Commodity Futures Trading Commission said Jan. 5, after a lengthy investigation spanning nearly 20 months. Evidence found a host

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