May 13, 2016

13/05/2016: Oilseed & Grain news

Glencore negotiating sale of additional 9.9 percent stake in agri unit
After the sale of a 40 percent stake in its ag business to CPPIB, Glencore is reportedly conducting talks with parties that were outbid by CPPIB regarding the sale of a further 9.9 percent stake in the unit.

Chinese firm acquires control of Brazilian soybean trader
China’s Hunan Dakang has agreed to acquire a majority stake in Brazilian agribusiness, Fiagril for US$286 million.
      
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Image: wattpublishing
Cargill expanding its animal feed mill in Spain
Cargill in investing €20 million to expand its animal nutrition facility in Mequinenza, Spain with the addition of a state-of-the-art production line.

New JV to invest $27m in Missouri grain facility
Farmer-owned grain co-op, MFA Inc has partnered with MFA Oil Co to invest US$27 million for the construction of a new grain handling facility on the Union Pacific Railroad outside of Hamilton, Missouri.

Russia may reduce grain purchases in 2016/17
Every year Russia makes domestic grain purchases to supply its state inventories. However, state purchases for this coming year are in question because of multiple mitigating factors.

Molinos Rio de la Plata expanding Argentina soybean operations
Molinos Rio de la Plata is one of Argentina’s largest producers of branded foods and one of the country’s key exporters of bottled vegetable oil.

China’s corn acreage to decline by one million hectares this year
China’s corn acreage is expected to decline this year for the first time in 13 years as the country’s landmark agricultural commodity reforms take effect.

Glencore Q1 ag production nearly doubles year on year
Glencore’s agricultural production for the first quarter 2016 totalled 2.606 million tons.

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