Reading Time: 3 minutes Chicago | Reuters –– Global outbreaks of bird flu in poultry have altered the flow of U.S. chicken meat, eggs and grain around the world, adding to challenges faced by domestic exporters and giving a leg up to Brazil, which has so far escaped the disease. Different strains of avian flu have been detected across […] Read more
Bird flu redirects trade flow of U.S. chicken, eggs, grains
Macquarie to buy Cargill’s global oil business
Reading Time: < 1 minute Houston | Reuters — Australian bank Macquarie Group is planning on buying Cargill’s global oil business, according to people familiar with the matter, marking the second energy business the global commodities trader has shed this year. Terms of the deal have been agreed upon, but the integration could take several weeks or longer, one of […] Read more
G3 to proceed with port grain terminal at Vancouver
Reading Time: 2 minutes Winnipeg | Reuters — Canada’s G3 Global Holdings will build a grain terminal at Port Metro Vancouver by 2020, increasing the flow of wheat and canola to Asia and Latin America, the company said on Wednesday. The Winnipeg-based partnership of Saudi Arabian agriculture company SALIC and U.S. grain handler Bunge Ltd/ had been considering the […] Read more
Bunge expects bounce from record U.S. harvest
Reading Time: 2 minutes Chicago | Reuters — U.S. agricultural products trader Bunge said Wednesday it expects the record-large U.S. corn and soybean harvest to help its earnings rebound from a weaker-than-expected third quarter. The company’s shares surged despite reporting disappointing results on Wednesday due to weather-reduced crops in South America, home to many of Bunge’s elevators and processing […] Read more
ADM profit jumps on higher U.S. grain exports
Reading Time: 2 minutes Chicago | Reuters — U.S. agricultural products trader Archer Daniels Midland on Tuesday reported a far better-than-expected third-quarter profit as higher U.S. exports of corn and soybeans boosted volumes and margins, sending shares up sharply. U.S. farmers have nearly completed what is expected to be the largest corn and soybean harvests on record, which should […] Read more
Soybeans trip up top traders, prompt rare offer to U.S. farmers
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
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
A message from April Stewart, Country Guide's Associate Editor
