Heavy flooding in southern Brazil has hit food storage facilities in lower areas while hampering the shipping of grains to port, jeopardizing the nation's exports and wreaking havoc to the economy of Rio Grande do Sul state, a large soy, rice, wheat and meat producer.
Brazil floods hit food silos, disrupt routes to major grains port
Cargill renews top-up payment for CRSB-certified beef
Cargill and its customers have renewed a program that would ensure beef producers receive at least $400 for being certified under the Canadian Roundtable for Sustainable Beef (CRSB).
Tyson Foods, Cargill idle Kansas beef plants due to snowstorm
Blizzards shut down roads, stranded some workers at packing plants overnight
Tyson Foods and Cargill said on Tuesday they suspended operations at beef plants in Kansas due to a massive snowstorm, reducing U.S. meat production.
Cargill agrees to sell stake in Russian grain terminal
Buyer says deal under government review
Reuters — U.S.-based commodities trader Cargill said on Thursday it had agreed to sell its stake in a Russian grain terminal to Russia’s Delo Group. “In line with Cargill’s earlier announcement to stop the export of Russian grain in July 2023, we can confirm we have reached an agreement with Delo to sell our 25 […] Read more
Black Sea grain shipments shrink amid Ukraine deal doubts, Cargill exec says
'Grey/black' fleet seen handling more Russian traffic
London | Reuters — South American grain exports are set to overshadow Black Sea shipments this year as doubts grow over a U.N.-backed Ukraine deal and international traders cut commercial activities in Russia, a top executive with major commodities group Cargill said. The Black Sea grain deal, which allows the safe passage of grains through […] Read more
JBS to pay US$25 million in latest beef price-fixing settlement
Settlement calls for co-operation in cases against other defendants
Reuters — JBS SA has agreed to pay US$25 million to commercial beef purchasers that accused the meat-packing company of conspiring with industry rivals to restrict market supply in order to keep prices artificially high. The proposed settlement in Minnesota federal court was disclosed on Friday from plaintiffs’ lawyers representing a class of businesses that […] Read more
U.S. grains: Wheat up on Cargill’s Russia decision
Corn firm ahead of U.S. planting report; soy up on Argentina concerns
Reuters — Chicago wheat futures rallied and closed higher on Wednesday, after global grain trader Cargill said it would take a further step back from the Russian market by no longer handling the top wheat supplier’s grain at its export terminal from July. Cargill’s shipping unit will continue to carry grain from the country’s ports, […] Read more
Cargill plans to halt grain export activities in Russia
Viterra also set to halt grain trading in Russia, sources say
Moscow/Chicago | Reuters — Cargill said Wednesday it would take a further step back from the Russian market by stopping handling Russian grain from its export terminal from July, although its shipping unit will continue to carry grain from Russian ports. Most international grain traders have stopped new investment in Russia since last year following […] Read more
Cargill names new CEO
Former proteins boss to lead firm
Reuters — Cargill Inc. said on Monday Brian Sikes will take over as the global commodities trader’s new president and CEO effective Jan. 1. Sikes will succeed Dave MacLennan, who has served as Cargill’s CEO and chairman since 2013. MacLennan will now assume the role of executive chair of Cargill’s board of directors and will […] Read more
Sollio to exit southwestern Ontario grain handling
Country elevator assets to be sold after harvest, co-op to focus on ag retail
One of Canada’s biggest ag co-operatives is moving ahead on plans to “optimize assets” by shedding its stake in grain handling in southwestern Ontario and focusing more closely on retail ag inputs. Sollio Agriculture, the agribusiness arm of Quebec-based Sollio Cooperative Group, on Tuesday announced it will start “an orderly wind-down” of its Ontario Grain […] Read more
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