Reading Time: 2 minutes Chicago | Reuters –– U.S. grain trader Cargill has agreed to sell its ag retail business in the United States to crop input seller and distributor Agrium, the companies said Wednesday. Calgary-based Agrium, North America’s largest retail seller of crop inputs such as seed, fertilizer and pesticides, will acquire 18 ag retail locations in Nebraska, […] Read more
Agrium to buy Cargill’s U.S. ag retail business
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
Cargill books higher profits, warns of tough markets
Reading Time: 2 minutes 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 moves to cut antibiotic use in cattle by 20 per cent
Reading Time: 2 minutes Reuters — Cargill, a top U.S. meat processor, is trimming the use of antibiotics in its cattle supply amid concerns among some doctors and consumers about risks to humans from antibiotic-resistant bacteria. The company on Feb. 26 started eliminating 20 per cent of antibiotics deemed important for human medicine and farm animals from its four […] Read more
Cargill joint venture to build grain terminal in Ukraine
Reading Time: 2 minutes Kiev | Reuters — U.S. agriculture giant Cargill and Ukraine’s MV Cargo said they would build and operate a grain terminal at Ukraine’s Black Sea port of Yuzhny under a US$100 million joint venture agreement signed Wednesday. The terminal, near Ukraine’s biggest port city of Odessa, will have an annual loading capacity of five million […] Read more
Cargill to supply Alberta carcass data to BIXS
Reading Time: 2 minutes One of Canada’s biggest beef packers is set to supply the specs on beef carcasses processed at its Alberta plant to the Canadian Cattlemen’s Association’s (CCA) BIXS information-sharing system. Cargill and BIXSCo, the CCA-backed operators of BIXS (Beef InfoXchange System), announced Thursday that the multinational agrifood firm will provide its past three years of beef […] Read more
Cargill to stop selling seed, inputs in Black Sea region
Reading Time: 2 minutes Chicago | Reuters –– Cargill will stop selling seeds, fertilizer and crop chemicals to farmers in the Black Sea region, as the global trader continues to cut back operations in the face of sliding commodity prices. The 150-year old company, one of the world’s largest privately held corporations, is in the middle of a restructuring […] Read more
An open market is still a work in progress
A truly open market requires transparency of information, but the veil is still being lifted
Reading Time: 5 minutes When the Canadian Wheat Board lost its monopoly in 2012, Blair Rutter predicted that it would take 10 years to adjust to an open market system. “Moving from a centrally planned system to a market economy, it takes a while,” the executive director at the Western Canadian Wheat Growers Association said in an interview. “We […] Read more
Packers approved to move beef, pork to Ukraine
Reading Time: 2 minutes Inspectors have approved 15 Canadian beef and pork processing plants to export to Ukraine, more than doubling the number of Canadian meat plants able to ship to the country. Federal Agriculture Minister Lawrence MacAulay and Trade Minister Chrystia Freeland on Monday announced Ukraine has, essentially, approved beef and pork exports from any Canadian federally-registered establishment […] Read more
Cargill’s Q2 profit drops amid commodities slump
Reading Time: 2 minutes Chicago | Reuters –– Slumping commodities prices and weak demand in some markets took their toll on profits for global commodities trader Cargill in the quarter ending Nov. 30, sending earnings and revenue down 13 per cent and 10 per cent, respectively. Privately held Cargill, celebrating its 150th birthday this year, is in the midst […] Read more
A message from April Stewart, Country Guide's Associate Editor
