MarketsFarm — To some who follow commodities markets, it was clear some other participants had overreacted to the news of China banning canola imports from Viterra. Bruce Burnett of MarketsFarm was one of those who saw Canadian exports of canola to China have pretty much dried up since January. That came a few weeks after
Beijing/Ottawa | Reuters — China expanded its ban on Canadian canola seed imports on Tuesday to include shipments from Viterra, the latest development in a wider trade dispute between the two countries. Viterra is the second canola exporter to have its registration cancelled, after Beijing halted shipments from top exporter Richardson International earlier this month.
Viterra has bought up the other half of a U.S. joint-venture grain terminal the company helped build in its SaskPool days. The Regina-based grain handling arm of commodity firm Glencore announced Thursday it has closed a deal to buy U.S. food processor General Mills’ 50 per cent stake in the two companies’ grain terminal at
Prairie grain growers doing business with Glencore Agriculture’s Viterra arm can now create their own grain contracts with the company anytime online. In what it describes as the “first and only full range” of online contracting options for farmers in Western Canada, Viterra launched its new system on its myViterra platform in December. A Prairie
One of the Prairies’ biggest grain handlers has pledged to boost the handling and rail capacity at two of its inland terminals. Glencore Agriculture’s Viterra arm announced Thursday it plans to upgrade its elevators at Stettler, Alta., about 80 km east of Red Deer, and at Binscarth, Man., about 120 km southeast of Yorkton, Sask.
Chuck Fossay knew Richardson International was threatening to leave the Canola Council of Canada, but he never expected it to happen. “I was actually surprised it pulled the plug,” the president of the Manitoba Canola Growers Association said in an interview Jan. 18. “We knew that Richardson had concerns. We’ve known that probably for five
Geneva | Reuters — Commodities giant Glencore has made unsuccessful moves for three or four smaller targets in the grain sector this year as it seeks acquisitions to grow upstream, the head of its agricultural arm said. “We have looked at three or four possibilities in our core area already this year but couldn’t reach
Reuters — Shares of U.S. commodities trader Bunge surged on Friday after the Wall Street Journal reported that Glencore had a standstill agreement that temporarily prevents the Swiss company from making a hostile bid for Bunge. Bunge had rebuffed a takeover approach by Glencore in May. Speculation has swirled for months that Glencore would make
Cham, Switzerland | Reuters –– Miner and trader Glencore is looking to expand its agriculture business via its partnership with two Canadian funds, the company’s CEO said on Wednesday, but has no plans to move into any commodities it does not already trade. CEO Ivan Glasenberg was speaking a day after U.S. grains trader Bunge
Reuters — Glencore Plc said on Tuesday its agricultural unit has made an informal approach to commodities trader Bunge Ltd. about a “possible consensual business combination,” the company said in a statement. The commodities trading firm did not say more about a potential offer that its Glencore Agriculture unit made to Bunge. Glencore, whose Canadian