Cereals Canada is welcoming three new members. G3 Canada, the grain company formed after Bunge and SALIC acquired a majority stake in the former Canadian Wheat Board in 2015, has signed up to join the national cereal crop value chain organization. “Collaboration is a core value held by G3, and we certainly appreciate the important… Read more »
Tag: G3
China’s Economic Woes Leave Commodities Looking for a New Demand Catalyst
For the better part of the last two decades, commodity markets have become accustomed to demand growth from China supporting prices. Whether it was iron ore from Australia or soybeans from the U.S., sales to China grew year-over-year. However, it’s becoming increasingly likely that those days are over. Headlines over the last few week to show the… Read more »
G3 Canada Building Port Terminal at Hamilton to Source Ontario Grain
G3 Canada — the grain company formed with Bunge and SALIC’s acquisition of the former Canadian Wheat Board — is building a new grain terminal in Hamilton to source grains and oilseeds from Ontario. “Grain exports from southern Ontario have been increasing for some time now. We look forward to expanding our relationship with farmers in… Read more »
Thumbs Up, Thumbs Down: Is Dropping the CWB Brand the Right Move?
It wasn’t all that long ago that if you wanted to really heat up a room full of western Canadian farmers, you’d simply have to mention the Canadian Wheat Board. Shortly thereafter, the battle lines would be drawn between those who fully supported the board’s government-mandated monopoly and those who wanted it abolished. Then came… Read more »
CWB Name Becomes History as G3 Canada Launches
First its monopoly was removed, and now the name will be history too. The Canadian Wheat Board (or CWB) formally became a private grain company known as “G3 Canada” today. G3 Global Grain Group — the joint venture between Bunge and the Saudi Agriculture and Livestock Investment Company — completed the $250 million acquisition of a… Read more »
CWB’s Infrastructure Taking Shape — Answers to Farmer Ownership Questions Still Up in the Air
There’s no question the Canadian Wheat Board is establishing its physical presence in Western Canada, but farmers are still seeking answers to questions about how they will participate in owning the grain business controlled by G3 Global Grain Group — a joint venture between Bunge and a Saudi government investment company. A farmer equity trust… Read more »
Farmer Equity and G3’s CWB: Questions About Farmer Ownership Remain
Western Canadian farm groups are generally welcoming the increased competition that should result from turning the (incapacitated?) Canadian Wheat Board into a private grain company controlled by Bunge and a Saudi investment company, but producer groups are still seeking answers about the farmer ownership part of the deal. The agreement announced this week will see farmers owning 49.9 percent… Read more »
Who is G3 and What are Their Plans for the CWB?
Less than three years after the end of the Canadian Wheat Board’s single desk, the CWB is on the verge of becoming a private grain company controlled by a joint venture between global grain business Bunge and the Saudi Agricultural and Livestock Investment Company — the Saudi Arabian government’s primary agricultural investment arm. The new alliance known… Read more »