Viterra Archives - Page 12 of 16 - Manitoba Co-operator

U.S. lapping up Canadian canola oil

By Rod Nickel April 20, 2012

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, Opinion

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

By Rod Nickel, Tom Polansek April 7, 2012

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, News

Richardson International’s rise to share top grain spot

By Allan Dawson March 29, 2012

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

By John Morriss March 29, 2012

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

By Allan Dawson March 29, 2012

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?

By Allan Dawson March 29, 2012

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

March 29, 2012

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, News

Big payday for Schmidt if Viterra sells

By Manitoba Co-operator Staff March 29, 2012

Viterra CEO Mayo Schmidt will earn millions of dollars if Glencore buys Viterra, according to the Globe and Mail. Citing security filings the Globe says Mayo Schmidt will be paid an estimated $37.5 million through “a combination of the value of his stock holdings and of the fully vested value of his outstanding options and

Cereals, News

Farmers want Competition Bureau to scrutinize sale of Viterra’s input stores

By Allan Dawson March 29, 2012

Most farm groups are giving the Viterra sale a thumbs up on the grain side of the transaction, but there’s concern about potentially less competition in farm input sales. Glencore is buying Viterra, but will sell 232 of Viterra’s 258 input stores in Canada and all 17 in Australia, along with 34 per cent of

Cereals, Crops, Grain Markets, Oilseeds

Rising canola futures find point of resistance

By Dwayne Klassen March 23, 2012

Canola futures on the ICE Futures Canada trading platform moved higher during the week ended March 16. Concerns about the record pace of usage and the resulting depletion of old-crop canola stocks stimulated some of the upward price action. Chart-related speculative fund buying interest also contributed to the price advances. Much of that buying was

Daily Network News

Lending policy still focused on primary producers: FCC

Brazil to reap record soy crop in 2025/2026, increase exports

Argentina’s “mega” wheat crop to hit record level, exchange says

Tag Archives Viterra

U.S. lapping up Canadian canola oil

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

Richardson International’s rise to share top grain spot

The virtues of patient capital

CDC Triffid contamination on the decline

Who is Glencore International?

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

Big payday for Schmidt if Viterra sells

Farmers want Competition Bureau to scrutinize sale of Viterra’s input stores

Rising canola futures find point of resistance

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