Insights and Stories on COFCO

Jul. 11, 2018 at 6:28 pm CDT

Chicago | Reuters — U.S. soybean futures dropped to contract lows on Wednesday and the most active contract closed at the lowest in nearly 10 years as an escalating trade war with China stoked worries about long-term export demand from the world’s top importer of the oilseed. Favourable crop weather […]

By Karl Plume

May. 23, 2018 at 8:15 pm CDT

Singapore/Beijing | Reuters –– China will import record volumes of U.S. oil and is likely to ship more U.S. soy after Beijing signalled to state-run refiners and grains purchasers they should buy more to help ease tensions between the two top economies, trade sources said on Wednesday. China pledged at […]

By Dominique Patton, Florence Tan, Hallie Gu

Nov. 15, 2017 at 6:41 pm CST

Winnipeg | Reuters — State-owned Chinese agribusiness Cofco Corp. looks to buy 2.5 million tonnes of Canada’s canola crop next year, a boost of more than one-third over its expected purchases this year as its Canadian office gets established, said the company’s global head of softseeds on Wednesday. Cofco opened […]

By Rod Nickel

Aug. 18, 2017 at 7:15 pm CDT

Reuters — China’s state-owned Cofco International Ltd. (CIL) and U.S. farm co-operative Growmark on Friday announced a new grain supply partnership which they say will enhance links between U.S. grain production areas and global markets, including China. The partnership is the latest expansion move by CIL after it invested US$3 […]

By Reuters

Dec. 7, 2016 at 9:07 pm CST

Chinese state-owned agrifood firm Cofco says it has scored its first-ever international sale of wheat flour — into the Canadian market. Cofco, which said in June it plans to open a Canadian grain trading office in Winnipeg, recently announced it had loaded a container ship at the northeastern port of […]

By Staff