The surge in canola processing that’s been announced for Saskatchewan over the last four months is expected to result in a more than 50 per cent increase in Canada’s domestic canola crush capacity, which could have major logistical and trade flow implications for crops grown on the Prairies. A record 10.3 million tonnes of canola… Read More
Tag: Viterra
Within the last month, three grain companies have announced plans to add nearly five million tonnes of canola crush capacity in Western Canada. Richardson first announced a doubling of production to 2.2 million tonnes per year at its Yorkton, Sask. site, then Cargill announced plans to build a new 1 million tonne plant at Regina,… Read More
Viterra has officially announced it will build a canola crushing facility at Regina, Sask. The company is currently in the feasibility stage of finalizing the plant’s capabilities and design, with an initial target to crush 2.5 million metric tonnes annually, which would make it the “world’s largest integrated canola crush facility,” according to the company. Viterra… Read More
A large commercial company has a year to make good on a purchase of over 600 city-owned acres just north of Regina, Sask. Though the potential buyer is not officially named in city documents, a source close to the matter has confirmed it is Viterra. They indicate the plan is to use the site for… Read More
There’s been a lot of action in the commodity markets lately, some of which has led to some stellar pricing opportunities for farmers. There are some global pressures and buying patterns emerging that could put a squeeze on some prices, however, all while farmers are finalizing acreage plans for 2021. To talk about wheat, canola,… Read More
Viterra has announced it is starting construction on a new grain elevator with a loop track at Biggar, Sask. “For the last several years, we have been making targeted investments across our asset network to ensure we’re aligned with our operating environment and able to provide the high level of service our customers expect from… Read More
It’s a great day to talk grain markets, because, hey, the funds are in and the numbers are looking good! And so we kick off this RealAg LIVE! segment with market analyst Wendy White of Viterra. From where the good news on crop prices is coming from, to supportive moves in canola exports, and on… Read More
Glencore is uniting all of its agriculture operations around the world under the name of its Canadian-based grain business. Glencore Agriculture will be known as Viterra as of later this year, says CEO David Mattiske. “Viterra is a globally recognized brand within the business. It also has a deep connection to agriculture, with Viterra meaning… Read More
Viterra has announced the construction of a new 34,000 metric tonne grain terminal at Rosser, Man., just northwest of the city of Winnipeg. The new facility will feature a loop track capable of loading up to 134 railcars, and will replace Viterra’s existing smaller elevator at Rosser. “We’re pleased to be renewing our commitment to… Read More
Corn is king in the commodity markets, and right now there’s probably more than a few farmers who wish the king would abdicate the throne. If fund buying is an indicator of upside potential, there’s most certainly not much reason to be bullish with corn, says Wendy White, manager of grain marketing for Viterra’s central… Read More
The bulls and bears are fighting for dominance in this fresh calendar year — and there are some major factors at play weighing down some markets, but fuelling others. Wendy White, grain marketing manager with Viterra, says there’s no shortage of news and reports feeding in to the grain markets. From last week’s WASDE report,… Read More
Despite some increases in demand for canola abroad, and strength earlier in October, prices seem to be on a train to $440/tonne, says host Shaun Haney in this excerpt from RealAg Radio. Viterra market analyst Terence Koshman says part of the price shift is due to harvest progress, and product being sold to bring the… Read More
What happens when there’s plenty of canola globally and a general bearish tone to the markets? A stubborn sideways market that simply bounces between a narrow price range, with no real reason to break to the upside. The rumour mill does help with some blips, but overall this market is just flat, says Wendy White,… Read More
Concerns surrounding this year’s crop have been across the board — from a lack of moisture, to major storms and hail, to late rain, challenges from the growing season have translated into harvest quality concerns. RealAg Radio host Shaun Haney brought on Wendy White, grain marketing manger with Viterra on Thursday’s show to provide an… Read More
Viterra has announced plans to purchase ILTA Grain Inc.’s processing facility at Belle Plaine, Sask., by the end of August. Belle Plaine is one of six locations ILTA Grain has in Saskatchewan. The company recently announced it had entered creditor protection. “We are pleased to be working towards integrating this high quality facility into our… Read More