The Canadian government is giving the green light to Bunge’s US$8.2 billion acquisition of Viterra, with a series of conditions. The two multi-national grain companies originally announced their plan to combine operations under the Bunge banner in June 2023. Approval by the Canadian government was communicated in an order-in-council published on January 14th, 2025. The… Read More

Prime Minister Justin Trudeau has reportedly asked cabinet veteran Anita Anand to serve as federal transport minister following Pablo Rodriguez’s departure from cabinet on Sept. 19 to seek the leadership of Quebec’s provincial Liberal party. As transport minister, Anand will oversee the function of Canada’s railways and ports, including the transportation of grain and other… Read More

Global commodity giant Glencore — the majority owner of Regina-based grain company Viterra — is looking to expand its agriculture business, and has approached Bunge about a possible takeover. In a statement on Tuesday, Glencore confirmed it has “made an informal approach to Bunge Limited regarding a possible consensual business combination.” Glencore notes “discussions may… Read More

Glencore has announced a deal to sell an additional 9.99 percent stake in its agriculture business, which include Regina-based grain company Viterra, to the British Columbia Investment Management Corporation (BCIMC). The transaction is worth US$624.9 million and comes on the heels of Glencore’s agreement to sell a 40 percent stake in its ag business to… Read More

The Canada Pension Plan Investment Board was the winning bidder as Switzerland-based commodities giant Glencore sought to sell a chunk of its agricultural assets, including grain company Viterra. The CPPIB and Glencore announced last week they have reached a deal that will see the CPPIB pay $2.5 billion for a 40 percent stake in Glencore’s ag… Read More

The Canadian Pension Plan Investment Board has reached a deal to buy 40 percent of Glencore’s agricultural business, which includes Viterra, for US$2.5 billion. “We are pleased to be partnering with CPPIB as we embark on the next stage of the development of Glencore Agri,” said Glencore CEO Ivan Glasenberg in a statement early Wednesday… Read More

Winnipeg-based special crops marketing company Legumex Walker has cleared its final hurdle in winding down operations, announcing on Tuesday it has handed over its 84 percent stake in Pacific Coast Canola and PCC’s troubled crush plant in Washington. The divestiture arrangement sees Glencore increase its ownership stake in PCC from 16 percent to 50 percent for no… Read More

If  the NOTORIOUS B.I.G was a market analyst he would describe the current situation in Western Canada as, “Mo crop, mo problems” (was that a reach???).  The 2014 Western Canadian crop is very large, on farm storage is full, railways are jammed and ports are shipping as much as they can. Get More: If you… Read More

Glencore International and Viterra Inc. have announced the sale of Viterra to Glencore has been completed. The acquisition brings Glencore immediate critical mass in the key grain markets of North America through Viterra’s substantial Canadian operations, the company says in a release. Viterra also materially expands Glencore’s existing operations in Australia. Fran Malecha, formerly Chief… Read More