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Cereals, Opinion

The Brand X elevator and corporate control of the food supply

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The potential for contracted acres to be linked to herbicide and fertilizer purchases as well as point of delivery was already there

When Manitoba Pool Elevators and the Alberta Wheat Pool amalgamated in 1998 to become Agricore, I joked at the local watering hole that we really needed to invent an elevator sign that was Velcro backed. Even then, it was apparent that there was a lot of work involved in rebranding trade names on very tall
News, Oilseeds

U.S. lapping up Canadian canola oil

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Reuters / Canada’s canola crushers are processing the oilseed at a record-brisk pace, as demand for canola oil heats up among U.S. makers of biodiesel and food products like potato chips. The United States has long been a key export market for canola, Canada’s second-biggest crop after spring wheat, but its appetite has spiked in
Cereals, Crops, News

Richardson International’s rise to share top grain spot

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The pending multibillion-dollar sale of Viterra demonstrates the value of patient capital and private ownership, says Richardson International president Curt Vossen. Last week publicly traded Viterra, Canada’s largest grain company, announced it was selling to the world’s No. 1 diversified commodities trader, Swiss-based Glencore, for $16.1 billion. But in a move believed aimed at getting
Beef cattle, Opinion

The virtues of patient capital

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The story of the Prairie grain co-operatives is certainly one for the business books. Starting from nothing in 1923, by 1929 the Pools through the Central Selling Agency had the largest sales of any business in Canada. A year later it collapsed, but the Pools rose again as handling companies, and along with UGG, dominated
Crops, News, Oilseeds

CDC Triffid contamination on the decline

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Officials from Canada’s flax industry are in Europe this week to brief government and industry officials on the progress Canada is making removing traces of CDC Triffid, a genetically modified (GM) flax, from Canadian flax. “It’s getting less and less frequent and less and less intense,” Flax Council of Canada president Will Hill said in
Crops, Grain Markets, News

Who is Glencore International?

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Who is Glencore International? A lot of people are asking as the giant, Swiss-based, publicly traded multinational firm prepares to buy Viterra and become a dominant player in Canada’s grain industry. Glencore describes itself as the world’s largest commodity trader — mostly in metals and minerals, but also crops. It employs more than 2,800 people
Cereals, News

Canada’s Harper says Viterra bid not “primarily” foreign

reuters / Canadian Prime Minister Stephen Harper said March 25 that the structure of Glencore’s $6.1-billion deal to buy No. 1 Canadian grain handler Viterra means it should not necessarily be seen as a full foreign takeover. Harper’s comments come as the Canadian government and regulators begin reviewing the offer by Swiss-based Glencore, already the
Cereals, Crops, News

Canadian Wheat Board seen gaining grain-handling deals

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Canadian Agriculture Minister Gerry Ritz said Feb. 27 he is confident the Canadian Wheat Board will strike agreements with grain handlers to allow it to start buying farmers’ 2012 crops for future delivery. As of Aug. 1, the wheat board plans to continue buying and selling upcoming crops, even though farmers will be no longer
Cereals, Crops, Grain Markets, News

U.S. farm co-op buying Canada durum

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The largest U.S. grain co-operative, CHS Inc., is buying Canadian durum and looks to bulk up on other crops there to seize the “phenomenal” opportunity left by the end of the Canadian Wheat Board marketing monopoly later this year, a CHS executive told Reuters Feb. 27. In mid-December, a Canadian bill became law that will

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