(Dave Bedard photo)

Cargill posts net profit on special gains; revenue down

Reuters — Global commodity trader Cargill on Wednesday said it turned in a quarterly net profit, boosted by special gains that offset poor results from trading and oilseed processing. Revenue for the privately held company declined for the eighth straight quarter. Minnesota-based Cargill reported net income of $15 million for the fourth quarter ended May […] Read more

Shanghai’s Pudong business district, shown here, is home to COFCO Agri’s Chinese trading office. (CIA.gov)

China’s COFCO to open Canadian grain office by autumn

Winnipeg | Reuters — China’s COFCO Agri will open a Canadian crop trading office in Winnipeg by the time farmers harvest their new crops, the state-owned agricultural trader said Tuesday. The new office, which Reuters reported earlier this month, will focus on trading canola and its processed products oil and meal, as well as wheat, […] Read more