Louis Dreyfus’ oilseed processing plant at Yorkton, Sask. (LDC.com)

Grain trade regional tie-ups seen more likely over mega-deals

Reading Time: 2 minutes Paris | Reuters — The agricultural trading industry can expect more consolidation at a regional level in an effort to improve margins, but big deals between global merchants are becoming more difficult, Louis Dreyfus’ CEO said. Merchants have been grappling with lower profits from sourcing and shipping commodities such as grain and oilseeds, prompting cutbacks […] Read more

(Dave Bedard photo)

Bunge names acting CEO, cuts 2018 guidance

Reading Time: 2 minutes Reuters — Global grains trader Bunge appointed one of a slew of new board members as its acting CEO on Tuesday and cut its 2018 earnings forecast as the U.S.-China trade war battered soybean prices and devalued the company’s inventory in Brazil. Gregory Heckman, a founding partner of private investment firm Flatwater Partners and former […] Read more


A sign, declaring the U.S. National Archive closed due to a partial federal government shutdown, is shown on Dec. 22 in Washington, D.C. (File photo: Reuters/Joshua Roberts)

Is China buying U.S. soy? Washington shutdown keeps traders guessing

Reading Time: 3 minutes Chicago | Reuters –– Commodity traders are in the dark because of the partial U.S. government shutdown, unable to see daily and weekly reports of agricultural exports to obtain clues as to whether China is following through with promises to buy grain and soy amid the ongoing trade war. Traders have been anxiously awaiting proof […] Read more

(Dave Bedard photo)

Bunge CEO Schroder to step down amid investor pressure

Reading Time: 2 minutes Reuters — Bunge CEO Soren Schroder is stepping down after five years at the helm of the global agribusiness, following months of pressure from shareholders to shake up the company amid a prolonged grain market slump. The management change is the latest event to rattle the two-century-old commodities trader after a stretch of particularly weak […] Read more


(Dave Bedard photo)

Bunge reportedly ready to replace CEO

Reading Time: < 1 minute Reuters — Bunge Ltd. is preparing to replace its CEO Soren Schroder as the global grains trader faces investor pressure, the Wall Street Journal reported on Friday, citing sources. The company is expected to announce the CEO’s departure in the coming days, the report said, citing people familiar with the matter. The grains trader was […] Read more



(Dave Bedard photo)

Fund raises stake in Bunge, reportedly pushing for change

Reading Time: < 1 minute Reuters — Hedge fund D.E. Shaw and Co. has raised its stake in Bunge and was working with Continental Grain to make operational improvements at the grain trader, the Wall Street Journal reported, citing people familiar with the matter. Bunge’s shares were up 2.5 per cent at US$70.64 on Monday. The firms, which together own […] Read more

(Dave Bedard photo)

Trade rows spell gain, and pain, for U.S. grain exporters

Reading Time: 2 minutes Chicago | Reuters — Global grain marketers have seized upon trade tensions between the United States and several of its top export markets, including China, to turn around struggling trading units following one of the toughest years ever for the industry. After five years of bumper harvests worldwide that depressed crop prices, trading margins are […] Read more


Emergence in an Ontario soybean field. (File photo by John Greig)

U.S. grains: Soybeans drop on bleak export view

Reading Time: 2 minutes Chicago | Reuters –– U.S. soybean futures fell on Wednesday on concerns about decreased export demand from China as well as rising expectations for a bumper crop in Brazil, traders said. Wheat futures were mixed. Soft red winter wheat offerings eased after a rally on Tuesday while hard red winter wheat contracts rose due to […] Read more

(Dave Bedard photo)

Argentina exports biodiesel to Canada after U.S. imposes tariffs

Reading Time: < 1 minute Buenos Aires | Reuters — Argentine biodiesel producer Ecofuel exported 29,000 tonnes of biodiesel to Canada in March and plans to make a new shipment of the same volume to the country this month, an advisor to biofuels industry group Carbio said Friday. The deal, which marks Argentina’s first biodiesel exports to Canada, comes after […] Read more