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CHS Inc., the largest U.S. farm co-operative, said on Thursday that it plans to acquire farm retail supplier DynAgra Corp, continuing its steady move into the newly opened Western Canada grain market. Minnesota-based CHS expects to complete its acquisition of DynAgra late this month. It will operate under the name CHS DynAgra. Western Canada’s move [...]  Canada’s Viterra Inc has agreed to handle and store grain that farmers sell to the Canadian Wheat Board (CWB), a move that could make the board a more viable option for producers after it loses its grain-marketing monopoly. The arrangement, which extends to some smaller grain handlers in addition to Viterra, the country’s largest, takes [...] Faced with losing its monopoly on western wheat and barley sales Aug. 1, the Canadian Wheat Board has signed agreements with six companies, including Canada’s largest grainhandler, to handle grain from farmers who want to pool their grain with the CWB. “Farmers now have delivery points all across Western Canada to market their grain with [...] Shareholders of Canada’s largest grain handler, Viterra Inc., voted overwhelmingly on Tuesday in favor of a friendly takeover bid by Swiss commodities trader Glencore International Plc., pushing the biggest deal in years for the global agricultural sector closer to reality. In Canada and Australia, where Viterra is strong, “ADM, Bunge and Cargill will take notice [...] A strike at Canadian Pacific Railway Ltd, the country’s No. 2 railroad, will delay at least 162,000 tonnes of grain sold to Canadian Wheat Board buyers, a senior CWB official said on Wednesday. Canadian shippers are highly dependent on the country’s two dominant railways to move grain because there is no river freight system in [...] Viterra grain terminal in Vancouver, B.C. Glencore International PLC has struck a $6.1-billion agreement to buy Viterra Inc. (VT-T15.91-0.06-0.38%), in a deal that would carve up a historic Prairie company and reshape the country’s agriculture business. The transaction, which had been heavily rumoured for days, was also a classic display of Glencore CEO Ivan [...] For most of the past year, western Canadian farmers have braced for the rush of competition that will follow the end of the Canadian Wheat Board’s 69-year-long monopoly on grain marketing in August. But whether farmers will win or lose from the transaction depends heavily on who buys the former farm cooperative, which has a [...] The Canadian Wheat board announced recently that Cargill Ltd. is the first grain handler to establish an agreement with the new CWB. The deal will allow farmers who decide to continue marketing through the CWB to use Cargill facilities for grain-delivery access and port-handling services. More in the Winnipeg Free Press |
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