While the Competition Bureau won’t speculate or comment on a hypothetical transaction, such as the purchase of grain company Viterra by grain giant Bunge, it’s hard to imagine a scenario where the Bureau would not eventually be involved in ruling on the deal. Under the Competition Act, transactions of all sizes are subject to review… Read More
Tag: Viterra
American grain giant Bunge and Viterra, owned by Switzerland’s Glencore, are reportedly in talks to become one super grain company. In a reversal of a few years ago, this time it appears it is Bunge setting out to take on Viterra to create a company that would have extensive assets in nearly every grain type… Read More
Viterra has officially completed its acquisition of Nebraska-based Gavilon, giving the grain company with roots in Canada a much larger footprint in the U.S. As part of the stock purchase agreement, which was announced in January and closed on October 3, Viterra is paying Japan-based Marubeni US$1.125 billion, plus working capital and other adjustments, for… Read More
The Chinese government has lifted restrictions on imports of canola from Canada’s two largest exporters that dated back to March 2019. Richardson and Viterra were banned from shipping canola seed to China more than three years ago. Both companies are listed as approved for exporting canola to China in a government document that was published… Read More
Viterra has announced a multi-billion dollar deal that would significantly expand the grain company’s presence in the U.S. and other parts of the world. The company says it has reached a stock purchase agreement with Japan-based Marubeni Corporation to acquire Gavilon for US$1.125 billion plus working capital. Gavilon is based in Omaha, Nebraska, and has… Read More
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
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