Viterra Inc. Archives - Manitoba Co-operator

Fast exit for head of Glencore North America farm unit

By Rod Nickel January 17, 2013

The head of Glencore International Plc’s recently acquired North American agriculture business is leaving his post just a month into the job, creating a potential complication in integrating the unit. Fran Malecha was Viterra Inc.’s chief operating officer until Glencore completed its acquisition of the Canadian company on Dec. 17 and appointed him director of agricultural products for

Crops, News, Oilseeds

Feds say no link in Viterra, Nexen approvals

By Rod Nickel November 30, 2012

Reuters – The Chinese government is treating its role in potential takeovers of two Canadian companies separately, and is not linking them in order to pressure Ottawa to approve a deal between China’s CNOOC Ltd. and Canadian oil producer Nexen Inc., Canada’s agriculture minister said Nov. 13. Approval from China’s Ministry of Commerce (MOFCOM) under

Crops, Grain Markets, News, Oilseeds

Disappointing Canada canola harvest sets off battle for supplies

By Rod Nickel October 17, 2012

A disappointing Canadian canola crop is setting up a tug of war between domestic crushers and exporters over supplies, with global vegetable oil markets already stretched tight by a drought-damaged U.S. soybean crop. Canadian farmers were expected to shatter the record for canola production and harvest 15.4 million tonnes of the oilseed in 2012-13, according

Crops, News

Canadian farm groups want curbs on Agrium’s clout

By Rod Nickel June 16, 2012

Reuters / Two influential Canadian farm groups will urge the country’s Competition Bureau to scale back Agrium Inc.’s proposed purchase of Viterra Inc. assets, saying Agrium might become too powerful in the sale of fertilizer and other crop supplies. In a $6.1-billion deal, global commodities giant Glencore International PLC will buy Viterra, Canada’s biggest grain

Cereals, News

Viterra shareholders back Glencore

By Scott Haggett And Rod Nickel June 8, 2012

Reuters / Shareholders of Canada’s largest grain handler, Viterra Inc., voted overwhelmingly May 29 in favour of a friendly takeover bid by Swiss commodities trader Glencore International Plc., pushing the biggest deal in years for the global agricultural sector closer to reality. The deal was supported by 99.8 per cent of shareholders, far more than

Cereals, Crops, News

CWB has limited success striking deals with grain handlers

By Rod Nickel June 5, 2012

The Canadian Wheat Board’s limited success in teaming up with grain handlers to survive the loss of its marketing monopoly is raising doubts about price pooling, a nearly century-old way for farmers to manage their price risk. The CWB, which loses its monopoly on Aug. 1 and becomes one of many buyers of farmers’ grain,

Cereals, Crops, Grain Markets, News

Wheat buyers fret as Canadian grain monopoly ends

By Rod Nickel May 17, 2012

Reuters / Global wheat importers fear the quality of Canada’s prized spring wheat and durum may deteriorate once the Canadian Wheat Board loses its marketing monopoly, creating problems for makers of breads and pasta. A broad swath of wheat buyers, including Japan, known as the most quality-conscious wheat importer, has raised concerns that the consistent,

Opinion

Bigger and bigger and …

By Alan Guebert April 19, 2012

Two years ago March 12, trumpets blasted in Ankeny, Iowa, as America’s new gladiators for agricultural justice — U.S. Attorney General Eric Holder, Jr., his antitrust chief Christine Varney, U.S. Department of Agriculture boss Tom Vilsack and hundreds of farmers — gathered for a day-long discussion on “competitive dynamics of the seed industry; trends in

Crops, News

Viterra shareholders to vote May 29

April 19, 2012

Reuters / Shareholders in Viterra Inc. will vote May 29 whether to approve a $6.1-billion friendly takeover of Canada’s biggest grain handler by Swiss-based commodities trader Glencore International PLC. The vote will be taken at a special shareholder meeting in Calgary, Alberta, a Viterra spokeswoman said. The deal’s completion requires approval of two-thirds of the

News

Viterra signs service deals with railways

By Commodity News Service January 13, 2012

Viterra Inc., has signed service agreements with Canadian National Railway and Canadian Pacific Railway which will help increase efficiency for grain movement in Western Canada, the company announced in two separate press releases December 19. The agreement with CN will see Viterra work with the railway to review supply chain key performance indicators, co-operate on

Daily Network News

U.S. livestock: Cattle futures slow descent

U.S. grains: Soybeans, wheat plummet from highs on limited Chinese demand

Feed Grain Weekly: Prices starting to pick up

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