U.S. grains merchant Bunge is close to getting a ruling from Chinese regulators on its $8.2 billion (C$11.2 billion) purchase of Glencore-backed Viterra with a verdict expected within days, Bloomberg News reported on Wednesday.
Grain handling
Bunge nears China ruling for $8.2 billion Viterra merger, Bloomberg News reports
Bunge’s merger with Viterra stalled by US-China trade tensions, Bloomberg reports
Bunge Global's $34 billion merger with Glencore-backed Viterra is being stalled by trade tensions between the U.S. and China, Bloomberg News reported on Friday, citing people familiar with the matter.
Parrish & Heimbecker acquires bulk marine export terminal in Quebec City
The company has also entered a commercial relationship with QSL International Ltd. as part of acquisition
Parrish & Heimbecker, Limited (P&H) is expanding its grain handling capabilities in Eastern Canada with the acquisition of a deep-water bulk marine export terminal from Societe En Commandite Terminal Grains in Quebec City.
ADM closing soybean processing plant in Kershaw, South Carolina
Grains merchant Archer-Daniels-Midland will permanently close its soybean processing plant in Kershaw, South Carolina, later this spring as part of a cost-cutting and consolidation push announced earlier this year.
ADM halting domestic trading in China, cutting jobs in Shanghai
Global grain merchant Archer-Daniels-Midland has begun shutting down domestic trading operations in China and laying off staff within its largest business segment as part of a global cost-cutting push, the company said in an emailed statement on Monday.
U.S. grain trader ADM appoints Cuddy as President, North America
U.S. grain trader Archer Daniels Midland Co has appointed Christopher Cuddy as president for North America, according to a source and an internal memo seen by Reuters on Wednesday.
ADM cuts jobs in grain trading division, sources say
U.S. grains merchant Archer-Daniels-Midland is making a fresh wave of job cuts this week at its largest unit, the grain trading and oilseed processing division, according to three sources briefed on the matter.
Reducing ration sorting by feedlot cattle
Cattle sort their feed based on a variety of factors
Diets fed to finishing cattle in Western Canada typically consist of more than 80 per cent barley grain and less than 15 per cent forage on a dry matter (DM) basis, along with minerals, vitamins and byproducts. These diets are inherently dry, enabling separation of individual ingredients at the time of delivery and as cattle […] Read more
Higher Argentine soybean exports says USDA attaché
Changes to export tax spurs exports
Some adjustments to Argentine soybeans were made by the United States Department of Agriculture attaché in Buenos Aires. While the USDA and its attaché agreed Argentina's soybean harvest for the 2024/25 marketing year is to be 49 million tonnes, the two differed on other categories. The report was issued during the week of March 10.
Oats swinging higher, but rangebound
Futures no longer connected to cash market
As oat futures fluctuate on the Chicago Board of Trade, they remain rangebound, said Progressive Ag analyst Tom Lilja in Fargo, N.D. However, to Scott Shiels of Grain Millers Canada in Yorkton, Sask. there’s a disconnect between those futures and cash prices for oats.
Canadian Cattlemen Presents: Depth of Field
