Heat, dryness expected in Brazil
Most of the commodity trade fear of La Niña negatively influencing South America has passed. Weather conditions since the end of October have been mostly very good in Brazil and Argentina and the market mentality has been more bearish than bullish over futures prices; however, changing weather this month is likely to bring a little...
Viterra drops plans to acquire Cargill sites in South Australia
Viterra no longer plans to acquire the South Australian GrainFlow handling and storage sites and mobile ship loader from Cargill, and the companies have withdrawn their application from the Australian Competition and Consumer Commission. Viterra and Cargill initially announced the acquisition in September. The five Cargill GrainFlow sites that were part of the transaction are...