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Viterra Donates $75,000 to Help Flood Stricken Alberta

Viterra Donates $75,000 to Help Flood Stricken Alberta

By Amanda Brodhagen, Farms.com

Saskatchewan-based Viterra announced Thursday that it will provide $75,000 in aid to support the flood relief efforts in Alberta. Viterra said the contribution will go to the Canadian Red Cross, who is on the ground providing assistance to communities in Southern and parts of Central Alberta.

"Our thoughts go out to our fellow employees, customers and all those impacted by the flooding, and we would like to recognize the Red Cross for the excellent work they are doing to provide assistance,” said Kyle Jeworski, Viterra's President and CEO for North America.

In addition to its donation, Viterra said they’ve created a matching donation program for its employees who would like to contribute to the effort. Viterra is the largest grain and oilseed handler in Canada.
 


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Funds Ditch Ag Commodities, Chase Stocks Amid an End to Middle East War, & Trade Deal Buzz

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The 12-day war between Iran-Israel came to an end sending crude oil futures plunging as the big fund speculators removed the war risk premium.

The weather risk premium in the Ag complex is sending corn, wheat and soybean futures lower on month-end selling ahead of the market moving USDA quarterly grain stocks and acreage reports on June 30th.

Instead, funds were chasing and sending tech stocks higher with the S&P 500/NASDAQ indexes setting new all-time record highs!

June 1 USDA Hogs and pigs report was slightly bearish while the U.S. $ Index traded to new contract lows as the de-dollarization that began in 2014 continues.

Feed in the form of soybean meal futures for livestock producers got cheaper, trading to new contract lows.

The Stats Canada seeded acreage update was bullish canola and wheat.