Winnipeg | Reuters — China’s COFCO Agri will open a Canadian crop trading office in Winnipeg by the time farmers harvest their new crops, the state-owned agricultural trader said Tuesday. The new office, which Reuters reported earlier this month, will focus on trading canola and its processed products oil and meal, as well as wheat, […] Read more
China’s COFCO to open Canadian grain office by autumn
China’s COFCO Agri hiring grain traders, opening Winnipeg office
Winnipeg | Reuters –– Chinese state-owned agricultural trader COFCO Agri is opening a trading office in the Canadian grain hub of Winnipeg, adding to the aggressive expansion of its North American agriculture business. COFCO Agri is hiring three grain traders and an operations manager to expand export and domestic trading, according to the company’s postings […] Read more
Ad Feature: Centrallia brings export opportunities to centre stage
Canada’s geographical centre is set to reach out to the world in May, as host of a business-to-business (B2B) forum for agribusinesses and other sectors to network across the globe from one spot. That forum is one component of Centrallia, in which over 700 participants from Canada and over 30 other countries are expected at […] Read more
Toronto grain firm’s elevator to anchor Winnipeg rail park
Toronto grain trading firm BroadGrain Commodities aims to build some Prairie handling muscle with a new grain terminal and bean plant in Winnipeg’s planned CentrePort rail park. The company, which already operates a pair of elevators in southwestern and eastern Ontario and took over Saskatchewan pulse and special crop processor Lakeside Global Grains in 2011, […] Read more
Parmalat gets GF2 funds for new Winnipeg milk plant
Dairy giant Parmalat is set to get federal and Manitoba government funding toward its planned new $50 million milk plant in Winnipeg. The two levels of government on Tuesday pledged $2.5 million toward the construction of Parmalat’s new dairy plant at an industrial park in the city’s St. Boniface area, about seven km east of […] Read more
Cereals North America: W. Canada to see marketing shifts
Winnipeg/Commodity News Service Canada – Crops in Western Canada saw a range of weather conditions this year, resulting in lower production and higher protein. That means there will be a marketing shift next year, according to Bruce Burnett, weather and crop specialist with G3 Canada (formerly CWB), speaking at a Cereals North America conference in […] Read more
Parmalat getting land to expand Winnipeg milk plant
Dairy giant Parmalat plans to expand its Winnipeg milk operations and has been cleared to buy the acres to do so. While the Italian company’s Toronto-based Canadian arm has so far been quiet about its plans, Winnipeg’s city council on Wednesday voted to approve the sale of about 15 acres to Parmalat just south of […] Read more
Market outlook: Not great, but not horrible either
Four to Watch: Market analyst Chuck Penner figures wheat has upside potential, but a soybean mountain casts a long shadow on oilseeds
Reading Time: 2 minutes Chill out and don’t get too down about the drop in grain and oilseeds prices. That’s the advice of Chuck Penner, owner of Left Field Consulting Services in Winnipeg. First, markets not only swing from lows to highs and back again, but tend to get stuck when they fall into a trough, he said. “When […] Read more
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