Ottawa | Reuters — Canada on Thursday took a notably tougher line with China over its ban on Canadian imports of canola seed, saying Beijing had provided no scientific evidence to justify the move and was hurting its own reputation. China, citing the discovery of pests, expanded its ban on canola seed imports on Tuesday […] Read more
Canada takes tougher line with China over canola ban, demands evidence
ICE weekly outlook: China’s canola issues already well known
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 […] Read more
China’s ban on Canadian canola expands to Viterra
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. […] Read more
Viterra buys up all of North Dakota grain terminal
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 […] Read more
Viterra offers up 24/7 online grain contracting
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 […] Read more
Viterra closes deal for Gardiner Dam Terminal
Central Saskatchewan’s Gardiner Dam Terminal is expected to go full Viterra within months, now that the Regina grain firm has completed its deal for full control of the facility. Shareholders in GDT voted Dec. 13 in favour of the deal announced last month in which Viterra buys the half of GDT it doesn’t already own […] Read more
Viterra to boost two Prairie elevators’ capacity
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. […] Read more
Growing projects putting down roots around elevators
Reading Time: 2 minutes Volunteers at a trio of Canadian Foodgrains Bank growing projects in Alberta won’t have to go far to deliver their harvests this fall. Viterra is providing 400 acres around three of its Alberta grain terminals (and another three in Saskatchewan) for growing projects this year. “We’ve had a long-standing partnership with Viterra,” said John Longhurst, […] Read more
Richardson pullout roils canola sector
Alberta Canola backs council, saying its marketing efforts and agronomic support are key to canola’s success
Reading Time: 3 minutes Richardson International’s decision not to renew its membership means a big financial hit for the Canola Council of Canada, but it could have been even worse. According to several reliable sources, Viterra had planned to leave too, but changed course — possibly because of a big cut in membership fees. Losing Canada’s two biggest grain […] Read more
Grain company hunt goes on for Glencore
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 […] Read more
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