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
Tag Archives Grain Handling — page 5
Cargill selling Ontario grain, inputs businesses
Prairie grain movement not perfect, but not in crisis
CNS Canada — Canadian grain exports are moving out of the country at a similar pace as they were a year ago, but there are still some challenges along the logistical chain. “Right now we’re looking at the second largest supply of grain that we’ve ever had to move,” said Mark Hemmes, president of Quorum […] Read more
Ex-agriculture minister Gerry Ritz quits Commons
Gerry Ritz, the federal minister for agriculture and agri-food for nine years in Stephen Harper’s Conservative government, is done with federal politics. The MP for the western Saskatchewan riding of Battlefords-Lloydminster since 1997, Ritz announced via Twitter Thursday morning that he “will not be returning to my seat in the House of Commons this fall.” […] Read more
New record set for Prairie grain throughput in 2016-17
Western Canada’s grain industry moved a record volume of grain in the 2016-17 crop year that ended July 31 and is gearing up to ship this year’s crop, expected to be the smallest in four years. Export terminals at Vancouver, Prince Rupert and Thunder Bay put through 35.945 million tonnes of grain last crop year, […] Read more
Extensions sought for interim grain freight measures
Not expecting federal grain transport reforms to take effect until this fall at the earliest, several Prairie grain grower groups want to see an extension of the previous government’s interim rules and penalties for railways in the meantime. A proposed “Transportation 2030” package of rail reforms, pledged last November by Transport Minister Marc Garneau, is […] Read more
G3 to build two more Saskatchewan elevators
The grain company formerly known as CWB has picked sites and plans to start construction next month on two new grain elevators in Saskatchewan. G3 Canada on Tuesday announced it will build primary elevators about five km north of Melville on Highway 10 and seven km west of Saskatoon on Highway 14, to be ready […] Read more
Canola Council chief to lead Grain Commission
The point person for Canada’s canola industry will become the chief executive of Canada’s grain handling regulator starting in mid-February. Patti Miller, the president of the Canola Council of Canada since 2012, will start a six-year term as chief commissioner of the Canadian Grain Commission on Feb. 13, federal Agriculture Minister Lawrence MacAulay announced Tuesday. […] Read more
U.S. holding company offers to buy grain handler Andersons
Reuters — HC2 Holdings Inc., a company run by former hedge fund manager Philip Falcone, said on Tuesday it has made a bid to buy U.S. grain handler Andersons Inc for about US$1 billion in cash. Andersons is not looking to be acquired, the company’s new CEO told Reuters a day earlier. “As a public […] Read more
Cargill books higher profits, warns of tough markets
Reuters — U.S. agricultural commodities trader Cargill on Thursday reported a rise in third-quarter profit on stronger results in food ingredients and grain handling, but warned about headwinds from oversupplied grain markets and low commodity prices. The privately-held company is exiting lower-margin operations, including its U.S. pork business, and expanding deeper into food ingredients and […] Read more
Cargill Q1 profit jumps despite commodities slump
Chicago | Reuters — Global commodities trader Cargill Inc. effectively navigated tumbling commodities markets and volatile currencies to turn in a 20 per cent gain in first-quarter profit, the privately held company said Wednesday. The Minnesota-based company’s grain and oilseed supply chain and energy businesses were standouts in the quarter ended Aug. 31, in stark […] Read more
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