Insights and Stories on COFCO

Oct. 13, 2015 at 4:58 pm CDT

Winnipeg | Reuters –– Grain handler G3 Canada, a joint venture between a Saudi Arabian firm and Bunge Ltd., doesn’t have much interest in bidding for a stake in rival Glencore’s agricultural business, its chief executive said Tuesday. Swiss-based Glencore, the trader and miner whose shares have been battered by […]

By Rod Nickel

Oct. 2, 2015 at 3:23 pm CDT

Reuters — Glencore is in talks with a Saudi Arabian sovereign wealth fund and China’s state-backed grain trader COFCO, along with Canadian pension funds, to sell a stake in its agricultural assets, sources familiar with the matter told Reuters. Selling assets is one prong of a wider strategy by the […]

By Clara Denina, Euan Rocha, Sarah McFarlane

Sep. 20, 2015 at 9:54 am CDT

Beijing | Reuters — The Chinese government will continue its controversial corn stockpile policy during 2015-16 and will start to stock the grain from farmers at a lower price compared with last year, government bodies said in a statement late Friday. Beijing will pay 2,000 yuan (C$414) per tonne to […]

By Reuters

Sep. 17, 2015 at 6:26 pm CDT

Chicago | Reuters –– U.S. corn futures fell for a third day on Thursday as the harvest of an expected bumper crop expanded, but price movement was restrained as markets digested a Federal Reserve decision to leave U.S. interest rates unchanged. Wheat and soybean futures sagged on a lack of […]

By Julie Ingwersen