La Coop fédérée will soon become a much bigger player in Ontario’s crop retail business. Cargill announced today that it will sell its grain and crop inputs retail assets in Ontario to La Coop fédérée. The deal includes Cargill’s 50 per cent ownership position in South West Ag Partners, which includes nine grain and crop […] Read more
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La Coop fédérée buys Cargill’s Ontario crop retail assets
Cargill selling Ontario grain, inputs businesses
Quebec agrifood co-operative La Coop federee is set to stake a larger claim in Ontario’s grain and crop input sector with a deal for Cargill’s assets there. Cargill’s Winnipeg-based Canadian arm announced Thursday it will sell its Ontario grain and crop input outlets and its joint-venture stake in South West Ag Partners to La Coop […] Read more
Sustainable beef pilot passes first-quarter mark
The packer behind the pilot of a Canadian value chain for certified sustainable beef says its first three months are proof the model is scalable as well as functional. The pilot’s first quarter “proved that a significant volume of beef can be successfully traced through a certified supply chain for the participating customers,” Gurneesh Bhandal, […] Read more
ADM, Syngenta settle suit over biotech corn exports
Chicago | Reuters — U.S. grain merchant Archer Daniels Midland has settled a lawsuit with Syngenta over the seed company’s launch of a biotech corn strain that roiled grain exports to China, according to regulatory documents filed on Friday. ADM sued Syngenta four years ago for selling the corn variety known as Agrisure Viptera or […] Read more
Cargill to expand western Manitoba elevator
Agrifood firm Cargill expects to provide more marketing opportunities for western Manitoba growers — particularly of soybeans — with a major elevator expansion. The U.S. company’s Winnipeg-based Canadian arm on Thursday announced it will put up $15 million to add 9,000 tonnes of storage capacity to its 13,500-tonne capacity elevator at Oakner, Man., about 70 […] Read more
Rush on to reverse U.S. tax boon for ag co-ops
Chicago | Reuters — Republican U.S. senators are working with some of the world’s biggest agricultural merchants to undo a last-minute provision in the tax overhaul that threatens to distort the grains market and starve private firms of corn, soy and wheat supplies. It was included during final revisions of the tax bill that passed […] Read more
Major U.S. grain firms fear harm from new tax law
Chicago | Reuters — The new U.S. tax law is poised to drive more control over the nation’s grain supply to farmer-owned co-operatives, provoking concern among ethanol producers and privately run grain handlers that they could be squeezed out of the competition to buy crops. Until now, the co-operatives, private companies and publicly traded firms […] Read more
Cargill profit falls as grain glut limits trading
Chicago | Reuters – Cargill Inc reported a 6 percent drop in quarterly profits on Wednesday as a global glut of grains limited trading opportunities for the food-commodities merchant. Four years of bumper grain and oilseeds harvests have squeezed profits for Cargill and main rivals Archer Daniels Midland Co, Bunge Ltd and Louis Dreyfus Corp […] Read more
Cargill fined $10 million for inaccurate swaps information: CFTC
Washington/Chicago/Reuters – Cargill Inc will pay a $10 million fine for providing inaccurate information on swaps to protect its revenue, and for failing to supervise the company’s swap dealers, the Commodity Futures Trading Commission said on Monday. The CFTC said that beginning in 2013, Cargill did not comply with regulations on thousands of complex swaps […] Read more
Cattle traceability to pay off in Cargill pilot
UPDATED, Nov. 2 — A pilot program running through one of Canada’s biggest beef packing plants aims to test systems that can show consumers the exact path of their beef from ranch to restaurant — and reward cattle producers for their trouble. Cargill on Wednesday announced a new year-long Canadian Beef Sustainability Acceleration pilot, with […] Read more
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