(Dave Bedard photo)

B.C. pension funds to get piece of Glencore ag unit

The investment firm for British Columbia’s public-sector pension funds is set to buy just under 10 per cent of the agricultural arm of commodities firm Glencore. Swiss-based Glencore announced Thursday it has a “definitive” deal to sell 9.99 per cent of its “Glencore Agri” business for US$624.9 million cash to the B.C. Investment Management Corp. […] Read more


(MGEX.com)

MGEX spring wheat shows strength

CNS Canada — Minneapolis (MGEX) spring wheat futures have climbed back to their highest levels in two months and could remain strong relative to other wheat classes over the next few months, according to an analyst. The nearby July 2016 contract is trading at about US$5.50 per bushel, while the July 2017 contract is now […] Read more

(Dave Bedard photo)

Agrium sees opportunities from major merger talk

Reuters — Agrium, North America’s largest retail seller of products for crop producers, could benefit if some of the biggest makers of seed and agricultural chemicals merge, CEO Chuck Magro said on Wednesday. Responding to a question during a company investor day in Toronto about how possible tie-ups of ChemChina and Syngenta, or of Bayer […] Read more






(BASF.com)

BASF says not backed into corner by Bayer’s Monsanto swoop

Ludwigshafen, Germany | Reuters — BASF, which has so far kept out of a consolidation push among global seeds and pesticides groups, said its business model was not affected by rival Bayer’s plans to buy Monsanto. “We are not backed into a corner by what is happening in the market,” the group’s deputy chief executive […] Read more


(PortOfThunderBay.com)

Thunder Bay expects more activity beyond sluggish start

CNS Canada — Since the Port of Thunder Bay’s season opening, its grain handle has been slower compared with previous years, but the port’s CEO says this year is a reversion to normal. The northern Lake Superior port started shipping on March 26, and as of May 31 has moved 1.5 million tonnes of cargo, […] Read more

Sunset in Egypt on the Nile River south of Luxor. (CIA.gov)

Egypt returns to zero tolerance of ergot in wheat

Abu Dhabi/Cairo | Reuters — Egypt has rejected two shipments of wheat for containing trace levels of the ergot fungus, backtracking on a government pledge to apply international standards and alarming traders looking to do business with the world’s largest buyer of the grain. Earlier this year traders boycotted state wheat tenders after the country’s […] Read more