Glencore Archives - Page 4 of 5

With the Canada Pension Plan Investment Board buying 40 per cent of Viterra, Lee Hart is hoping his share of the federal pension funds will turn a large profit.

CPP needs your grain

It's good news: Viterra returns to the Canadian fold

By Lee Hart May 9, 2016

Well I am really hoping Canadian farmers get serious about being efficient and profitable and market all those No. 1 crops through the greatest grain handling company in Canada — Viterra. Hey farmers, no more dinking around with lacklustre yields and all that needless shopping around to the “other” grain buyers. Now that my Canada […] Read more

Crops, Markets, Reuters

Glencore in talks to sell further stake in ag unit

By GFM Network News May 6, 2016

London | Reuters — Commodity trader and miner Glencore is in talks to sell a further 9.9 per cent stake in its agricultural unit, negotiating with bidders that missed out on the 40 per cent sold to the Canada Pension Plan Investment Board (CPPIB), two sources with knowledge of the matter said. Glencore, whose ag […] Read more

Canola, Crops, Markets, Reuters

China may pay more for canola if standard changes

By Rod Nickel, GFM Network News April 7, 2016

Winnipeg | Reuters –– Richardson International, one of Canada’s two largest grain handlers, may raise the price of canola shipments to China to reflect Beijing’s costly higher standard, its CEO said Thursday. The Chinese Embassy in Ottawa said in March that China had delayed to Sept. 1 its new standard for no more than one per […] Read more

Crops, Markets, Reuters

Glencore sells 40 per cent of agribusiness to CPP

By GFM Network News April 6, 2016

London | Reuters –– Commodity miner and trader Glencore has agreed to sell 40 per cent of its agricultural unit to Canada’s state pension fund for US$2.5 billion, the company’s latest step to cut debt and soothe investor concerns about the impact of weak commodity prices. The sale values the agricultural unit as a whole […] Read more

Crops, Reuters

CPP reported in talks for stake in Glencore agribusiness

By Reuters, GFM Network News April 5, 2016

Reuters — Commodity trading and mining firm Glencore is in advanced talks to sell a stake in its agricultural business to the Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported, citing people familiar with the matter. The CPPIB would take a stake of up to 40 per cent, valuing the business at […] Read more

Viterra, whose Outer Harbour terminal in Adelaide, Australia is shown here, has been part of Glencore’s stable of ag assets since late 2012. (Glencore.com)

Crops, Reuters

CPP, Saudi firm are lead players in bid for Glencore

By GFM Network News March 4, 2016

Bengaluru/Reuters – Canada Pension Plan Investment Board and state-owned Saudi Agricultural and Livestock Investment Co are among the lead bidders for a minority stake in the agriculture unit of Glencore Plc, Bloomberg reported on Friday. The firms are presenting final bids for the unit this month and Glencore is open to selling stakes to more […] Read more

Crops, Markets, Reuters

Glencore to cut more debt as 2015 profit falls

By GFM Network News March 1, 2016

London | Reuters — Glencore stepped up its debt reduction plan on Tuesday by promising to offload more assets to shore up its finances to cope with a commodities rout that wiped around a third off its 2015 profit. The Swiss mining and trading house, whose agricultural arm includes Canadian grain handling giant Viterra, aims […] Read more

Canola, Crops, Markets

Ex-Legumex crush plant gets new owners, supply deal

By Grainews Staff, GFM Network News January 5, 2016

Canada’s top grain handler is set to start feeding canola to a U.S. West Coast crushing plant now half-owned by the Prairie company’s parent firm. Regina-based Viterra, the grain handling arm of multinational commodity firm Glencore, on Tuesday announced a supply and marketing deal with Pacific Coast Canola (PCC), a next-to-new crush plant at Warden, Wash., […] Read more

Cereals, Columns

Canada’s ever-changing grain scene

Understanding Market Bulls and Bears: Keep your eye on the changes underway in Canada’s grain and ag retail industries

By Brian Wittal December 16, 2015

There are a lot of changes underway that will have significant impacts on the future of our grain buying and ag retail business. This is my second column on the Canadian grain scene. Viterra/Glencore We know the history behind Viterra/Glencore’s evolution from the days of the Prairie Pools to today’s corporate entity known as Viterra. […] Read more

Crops, Markets, Reuters

Glencore shares jump on debt reduction moves, spending cuts

By GFM Network News December 10, 2015

Johannesburg | Reuters –– Glencore has increased its debt reduction target and deepened its capital spending cuts, stepping up its response to lower commodity prices and boosting its battered shares by 12 per cent on Thursday. The mining and commodities trading firm and owner of Canadian grain handler Viterra said it was targeting net debt […] Read more

Canada’s annual inflation rate in June up slightly to 1.9 per cent

U.S. grains: Corn rebounds from contract lows on short covering, bargain buying

U.S. livestock: Cattle futures come down from highs

GFM Network News

Canada’s annual inflation rate in June up slightly to 1.9 per cent

U.S. grains: Corn rebounds from contract lows on short covering, bargain buying

U.S. livestock: Cattle futures come down from highs

Tag Archives Glencore

CPP needs your grain

Glencore in talks to sell further stake in ag unit

China may pay more for canola if standard changes

Glencore sells 40 per cent of agribusiness to CPP

CPP reported in talks for stake in Glencore agribusiness

CPP, Saudi firm are lead players in bid for Glencore

Glencore to cut more debt as 2015 profit falls

Ex-Legumex crush plant gets new owners, supply deal

Canada’s ever-changing grain scene

Glencore shares jump on debt reduction moves, spending cuts

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