Glencore

[riders2010]

But at least mayo Schmidt got paid wasn t it?

[dmlfarmer]

Well, Ritz has given the old CWB and its assets to the largest middle east customer we had (the Saudis), I suspect China is working hard on getting our government to grease the wheels so they can pick up all the Viterra assets thereby having them direct conduit for Canadian grain to China without having to deal in the market for grains. Think of the land rush then as Chinese farmers flock over here to supply their motherland with cheap grain.

[dmlfarmer]

(I wonder if this was the discussion in the PMO office over the weekend) Can you say TPP! Cons cannot afford to lose the dairy vote so supply management is off the table. But those western grain farmer vote is assured no matter what we do so lets ensure China gets all the Viterra assets in exchange for their support of TPP. And why should we care if China only uses those assets to supply it own needs at below market prices. Isn't that what an open market is all about - customer access!

[blackpowder]

Although the old _ _ _ had to go. I have to wonder if things couldve looked different. Regarding foreign ownership and consolidation.

[bucket]

The cwb didn't need new owners. It needed new management.

[cottonpicken]

This could turn into a pretty big deal.

[TOM4CWB]

CP,

Not could be... IT IS!

Glencore rolled the dice on the Chinese... and looks like this has backfired.
Smart money would be on ... would buy them up?

Does Anyone think fair business ethics and China belong together...
Kind of were kind of cut from the same cloth...

[cottonpicken]

The gorilla could be in the derivitavie space. One guy compared it to Enron