Hints and tips:
...Viterra has its roots in grain-handling co-operatives in Canada’s Saskatchewan province and extensive operations across the US, which it gained through its 2022 acquisition of Gavilon....
...This measure is based on the two-year Tips market, which is thin and must be taken with a grain of salt....
...“Microscopic interest rates, like grains of sand at the beach, had gotten into everything,” he wrote....
...The sale of Gavilon’s grain business draws a line in Marubeni’s foray into US agricultural trading....
...Selling the debt would also run against the grain in credit markets, as fears of further interest rate rises from the Federal Reserve has driven up bond yields and reduced prices....
...For example, this newer document lists Geos LLC, a Russian private company headquartered in Novorossiysk, as the seller....
...The sale of Gavilon’s grain business sharply reduces Marubeni’s footprint in US agricultural trading....
...And here’s a smart listen: Russia has been running a massive grain-looting scheme from occupied Ukraine as the war triggers a food crisis in the region....
...Barclays has appointed Corinne Grain as a managing director in senior relationship management, based in Paris....
...The increase came as European natural gas, a fuel that is widely used across industry, and wheat, a key grain in food production, reached record highs....
...Gavilon’s network of inland grain terminals left it exposed to plummeting soyabean exports after China imposed retaliatory tariffs last July....
...The company, the world’s biggest soyabean processor and a leading international grain trader, said the move would take place by next June and cost $35m-$45m in restructuring charges....
...Cargill’s $62bn in assets include grain silos, bulk vessel fleets and food processing plants....
...Each of us can now, thanks to surveillance capitalism, be separated like individual grains of sand....
...He formerly ran Gavilon, a US grain trading house. On Wednesday, Bunge announced the appointment of Mr Heckman’s former Gavilon colleague John Neppl as chief financial officer....
...The same month Mr Heckman’s former company, Omaha-based grain trader Gavilon, named Steven Zehr its new chief....
...Mr Heckman, who formerly led grain trader Gavilon, joined the Bunge board in October and has been acting chief executive since January....
...Mr Heckman is known for his work as chief executive of Gavilon, a US-based commodities trading house that was sold to Marubeni of Japan and NGL Energy Partners in two transactions....
...He joined new directors Greg Heckman, former chief of Gavilon, a US grain trader; Jay Winship, a property investor; and Mr Fribourg....
...Greg Heckman was chief of Gavilon, a US grain trader, when it was sold for $3.6bn to Marubeni of Japan in 2012....
...Grains and oilseeds trader Bunge has hired Greg Heckman as its interim chief executive, replacing Soren Schroder, the FT reported. Orrick, a law firm, has hired Matthew Gemello, as a partner....
...One of the fund industry’s staunchest commodities buyers is allowing itself to sell, after the slump in energy, metals and grains halved the value of its assets....
...To be fair to Wealthfront, they do mention that one should take the results with a “with a significant grain (perhaps even a hill) of salt”....
...In the past year, Bunge has held discussions with Gavilon, a grain company owned by Marubeni of Japan, about partnering on grain handling facilities in the US, people familiar with the matter said....
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