GFM Network News

Ceres closes on option to buy Delmar Commodities

U.S. commodities firm Ceres Global Ag Corp. has exercised its option and closed its deal to buy Manitoba grain merchandising firm Delmar Commodities. Ceres announced Friday it has completed the deal to buy all of Delmar’s shares for about $15.25 million in cash and assume about $7.6 million in existing term debt. The Minneapolis firm […] Read more

Manitoba grain firm Delmar Commodities on the block

Delmar Commodities is set to be sold to Ceres Global Ag, an integrated commodity group with operations throughout North America. The Winkler, Man. grain, oilseed and processing firm was founded by Martin Harder in 1995 from castoff elevators during the grain sector’s consolidation push at the time. Harder left the firm in 2010, selling his […] Read more

CBOT weekly outlook: Soybeans watch U.S. export sales

CNS Canada — Corn futures at the Chicago Board of Trade recorded losses during the week ended Wednesday, while soybean futures added gains for the September contract but recorded losses for the November contract. “Everything’s coming off this week, (prices are) coming down… there’s no real major issues going on,” said Terry Reilly, senior commodity […] Read more