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Tag Archives grain handling

Signage on Viterra’s office building in Regina. (Dave Bedard photo)
Crops, Markets

Bunge, Viterra confirm marriage plans

Firms to merge under Bunge banner

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The grain handler built out from the foundations of the former Prairie pools is set to be absorbed into one of the world’s biggest grain trading firms in a cash-and-stock deal. After the news leaked out last month, Rotterdam-based Viterra confirmed Tuesday morning it’s “concluded an agreement” to merge into Bunge — the St. Louis-based […] Read more
J.P. Morgan’s estimate puts the market cap of a combined Bunge and Viterra at around US$25 billion.
Crops, Markets, Reuters

Bunge, Viterra merger would create global ag trading giant

Companies have some overlap in Canadian crushing

By
Reuters — A merger of U.S. grains merchant Bunge Ltd. with rival Viterra would grow the combined entity’s businesses in the U.S., Brazil and Australia and may raise competition concerns in parts of Canada and Argentina, where key oilseed processing assets overlap, analysts said. Sources last week said Bunge and Viterra were in talks for […] Read more
*Acquisition integration affecting trailing 12-month. **One very bad year of writedowns affecting 10-year numbers. Currency is native currency of the company.
Columns

Who makes the big bucks in the agri-food sector?

From an investment standpoint, choose carefully

By
After studying the ag supply sectors in my last article, I wanted to take the project a step further to examine companies between the farm gate and the consumer. Like with ag suppliers, my findings are somewhat surprising. I looked at four sectors: grain handling and primary processing, railroads, food manufacturers and food retail, with […] Read more
File photo of vessels on the Mississippi River south of New Orleans on Nov. 5, 2017. (Dave Bedard photo)
Crops, Reuters, Weather

Shallow Mississippi River expected to persist as dry winter hits U.S. South

River levels at historic lows this fall

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Reuters — Low water levels on the Mississippi River are likely to persist this winter as drier-than-normal weather is expected across the southern U.S. and Gulf Coast, U.S. government forecasters said on Thursday. Drought, which currently spans 59 per cent of the country, is expected to continue or worsen in the middle and lower Mississippi […] Read more
(File photo by Dave Bedard)
Crops

CP to lock out engineers, conductors starting Sunday

'Cannot prolong the uncertainty,' CEO says

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Canadian Pacific Railway has served its unionized engineers, conductors and train and yard service staff with notice of a lockout to start just after midnight ET on Sunday, unless the company and union agree on a new labour deal by then. Calgary-based CP and the Teamsters Canada Rail Conference (TCRC), which represents about 3,000 CP […] Read more
File photo of Highway 363 near Moose Jaw, Sask. (Mysticenergy/iStock/Getty Images)
General, Machinery, Weather

Spring road bans coming into effect across Prairies

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MarketsFarm — Warming temperatures and melting snow across Western Canada may cause some disruptions to grain and livestock movement over the next few weeks as seasonal spring road restrictions come into effect across the Prairies. Annual spring road restrictions set axle weight limits for vehicles moving on certain roads, in an effort to reduce the […] Read more
Gavilon in October last year opened a new southern Montana grain elevator, shown here, at Huntley, just northeast of Billings. (Gavilon.com)
Crops, Markets

Viterra to buy Marubeni’s U.S. grain firm Gavilon

Grain handler looking to expand reach in Americas through acquisitions

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Grain firm Viterra’s plans to buy an expanded global reach are about to move forward with a 10-figure deal for the bulk of U.S. ag commodity firm Gavilon’s grain business. Viterra, owned by commodities firm Glencore and two Canadian public-sector pension funds, announced Wednesday it will pay $1.125 billion to buy Omaha-based Gavilon from the […] Read more
The camera arm was invented by Saskatchewan farmer Roland Wohlgemuth as a way to allow drivers to safely monitor how a grain trailer is being loaded without leaving the truck cab.
Equipment, Features

Load your grain trailer without the guesswork

New Prairie-grown camera arm device makes monitoring the hopper easier and safer

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Roland Wohlgemuth is an enterprising farmer who grows wheat, canola and peas on his 3,000-acre spread near Benito, Man. He’s been at it for 20 years, and like most producers, Wohlgemuth is well versed in finding solutions to problems that inevitably arise from time to time on the farm. One of them is quite ingenious […] Read more

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