In a deal marking the biggest evolutionary step in North American railways since 1996 when CSX merged with Conrail, Canadian Pacific (CP) and Kansas City Southern (KCS) announced their agreement to merge, creating the first rail network to connect the U.S., Mexico, and Canada. The combination has already received unanimous approval from the boards of both railroads, but will need to secure final approval of the U.S. Surface Transportation Board, which both companies are confi
After investing $120 million to upgrade its crush plant in Alberta, Richardson is now making another significant investment to optimize efficiencies at its canola crush plant in the heart of canola country - Yorkton, Saskatchewan. Once completed the project will double the site’s processing capacity to 2.2 million tons to help meet growing demand for canola oil and canola meal products. It will include a high-speed shipping system with three 9,500-foot loop tracks serving bot
America’s Cargill is expanding its influence in Canada’s crop input industry with the full acquisition of Precision Ag - a crop inputs retail business based in Griffin, Saskatchewan. Founded in 1994, Precision Ag has operated as a 50/50 joint venture with Cargill for 22 years, offering crop nutrition, crop protection, feed, micronutrients, inoculants, short-line equipment, seeds, and other services to a farmer customer base representing approximately 600,000 acres. Moving for
China’s largest food company COFCO is positioning to merge its international trading arm, COFCO International, with a number of domestic Chinese businesses, creating a behemoth agricultural trader prior to an IPO (likely to occur in Shanghai) of the new entity. State-owned COFCO owns a 60 percent stake in COFCO International with the remaining owned by five partners: Temasek, Standard Chartered Bank, China Investment Corporation, Hopu Investment Management, and the Internati
Richardson Pioneer Limited (a subsidiary of Richardson International Limited - Canada’s largest agribusiness) announced its plans to build a new high throughput grain elevator in Swan River, Manitoba. The redevelopment project undertaken to replace an existing wood crib at the site will begin this spring and is expected to be completed by August 2022. Richardson is a global leader in ag and food processing and is a worldwide handler and merchandiser of all major Canadian-grow
UK-based compound feed manufacturer ABN (a part of AB Agri) is planning to build a one-million-ton pig and poultry feed mill in the East of England. ABN stated that it believes that as the UK’s population approaches 77 million by 2050, pig and poultry production will need to significantly increase to meet protein demand, which will consequently drive similar demand for pig and poultry feed. This super-mill represents the largest investment in the sector in the UK, and once co
Amid a recent uptick in high-profile Australian holdings being put on the market, this may be the biggest. Macquarie Bank has decided to sell Lawson Grains - a 105,000-hectare (260,000-acre) corporate grain and oilseed farming venture with properties across New South Wales and Western Australia. The marketing campaign, which will be carried out and managed by Danny Thomas, Col Medway, and John McKillop with Land Agribusiness Water and Development (LAWD), will begin Monday Mar
Cargill is planning on a total investment of $425 million to improve its operational efficiencies of its U.S. soy operations. Once completed, the goal is to modernize and expand its network of crush facilities across seven states, while also increasing capacity by 10 percent in one location and doubling capacity in a second to better meet demand for U.S. soy products. Some of the larger projects will be:
Sidney, Ohio - Expansion of the company’s crush facility including the
Strain on global oilseed supplies is increasing and rapeseed prices are hitting record highs as a result of booming demand from China. Traders are vying to source rapeseed, which is becoming increasingly scarce after poor harvests in Canada and Europe brought stocks held by exporters to an eight-year low, while supplies of soybeans, sunflower, and palm oil are also reduced.
Rapeseed prices in Europe are soaring reaching a record high of EUR 528.75 (US$629.05) per ton - up 4
A new 36-silo grain terminal is planned to be built by Greenfield Louisiana on the Mississippi River that will provide U.S. farmers with greater access to markets across Asia, Central America, Europe, the Middle East, and Africa. Plans have been submitted for the 248-acre site within the Port of South Louisiana, which if approved will be carried out in two phases.
The first phase would include an 820-foot long dock able to load 120,000 bushels of corn, soybeans, or wheat pe