Grain Handlers for sale

[farmaholic]

Legumex Walker supposedly got bought by Scouler. That may by understandable with the poor choice of building a canola crush plant in Washington State.

Glencore(Viterra). Rumblings about selling some assets. Whats up with this???

[ajl]

Glencore, Viterra's parent is almost broke. They were long commodities and short the $US dollar which has not been the winning trade in the last year.

[farmaholic]

Sell whats salable? Sure hope it doesn't lead to another round of consolidation.

[bucket]

The bidders for viterra will be interesting.

I would think the smaller families would step up to gain market share.

And g3 would want a bigger footprint.

Wish they would have put a hold on tearing out rail line at hodgeville to see if an operator wanted a 10000 tonne concrete. The end of a line with the most potential gets mothballed.

Hopefully a new company gets the closest point from here so there might be competition on the line.

[MBgrower]

Be terrible to lose viterra and have it divided up amoungst existing players. But I imagine richardson family already making a play. Hopefully CHS, ADM, Scouler come in and buy the assets.