Reading Time: 4 minutes Chicago | Reuters — Two of the world’s biggest agricultural trading houses bungled crop sales they made on behalf of U.S. farmers this year because of what one described as “unique” price moves for soybeans, prompting both to take rare steps to keep disgruntled customers. Every year, hundreds of U.S. farmers trust major grain traders, […] Read more
Soybeans trip up top traders, prompt rare offer to U.S. farmers
Bunge crush plant taking deliveries after fire
Reading Time: < 1 minute U.S. agrifood firm Bunge’s canola crushing plant at Nipawin in northeastern Saskatchewan is taking deliveries from farmers following an Aug. 2 fire. Bunge spokesperson Deb Seidel said via email Tuesday the plant is “partially operational” and the company expects it to be fully operational in about a month. Local media last week quoted fire officials […] Read more
Bunge canola plant damaged in fire
Reading Time: < 1 minute U.S. agrifood processor Bunge is sizing up damage to its canola crushing plant at Nipawin in northeastern Saskatchewan after a fire in one of its buildings Tuesday. According to local media, firefighters were called to the plant late Tuesday afternoon and fought a fire at the site until after midnight. Scott Roblin of the Nipawin […] Read more
Saudi Arabia boosts stake in G3 Canada
Reading Time: 2 minutes Winnipeg | Reuters — Saudi Arabia’s agriculture company has taken control of the majority investor in grain handler G3 Canada Ltd., according to a filing, reducing Bunge Ltd.’s stake and strengthening the kingdom’s efforts to secure food supplies. G3 Global Holdings, the joint venture of U.S. agribusiness Bunge and Saudi Agricultural and Livestock Investment Co. […] Read more
‘Unorthodox’ agriculture policies seen costing Egypt
Reading Time: 2 minutes Chicago | Reuters –– Egypt, the world’s top wheat importer, faces US$860 million in extra costs and lost export opportunities this year because of “unorthodox agricultural measures,” including a zero-tolerance policy on ergot fungus in wheat, the U.S. Department of Agriculture said Thursday in a report. The report, from a USDA attache in Cairo, criticized […] Read more
U.S. grain firms rejecting GMO crops that lack global approval
Reading Time: 3 minutes Reuters — Across the U.S. Farm Belt, top grain handlers have banned genetically modified crops that are not approved in all major overseas markets, shaking up a decades-old system that used the world’s biggest exporting country as a launchpad for new seeds from companies such as Monsanto. Bold yellow signs from global trader Bunge are […] Read more
Egypt rejects Canadian wheat shipment over ergot
Reading Time: 2 minutes Abu Dhabi | Reuters –– Egypt’s agricultural quarantine authority has rejected a shipment of Canadian wheat, saying it contained traces of the fungus ergot, a trade source said and official documents obtained by Reuters showed. The move by the quarantine authority is the latest in a series of rejections, which have caused serious concerns over […] Read more
U.S. blocks Hamilton crush plant’s canola meal
Reading Time: < 1 minute Winnipeg | Reuters –– The U.S. Food and Drug Administration (FDA) halted a shipment of canola meal on Dec. 1 from a Bunge plant in Hamilton, Ont. because it appeared to contain salmonella bacteria, FDA records show. Salmonella can cause food-borne illness in humans. However, canola meal is mainly shipped to the U.S. for use […] Read more
G3 to build Hamilton port terminal for Ont. grain
Reading Time: 2 minutes The grain company formerly known as CWB plans to build up a market share in Ontario grain and oilseed handling for export, with a new Lake Ontario terminal at Hamilton. G3 Canada announced Tuesday it will build a new lake terminal at the Port of Hamilton to ship crops out of southern Ontario en route […] Read more
Not much interest in Glencore ag assets at grain firm G3
Reading Time: 2 minutes Winnipeg | Reuters –– Grain handler G3 Canada, a joint venture between a Saudi Arabian firm and Bunge Ltd., doesn’t have much interest in bidding for a stake in rival Glencore’s agricultural business, its chief executive said Tuesday. Swiss-based Glencore, the trader and miner whose shares have been battered by the commodities slump, is looking […] Read more
A message from April Stewart, Country Guide's Associate Editor
