Farms.com Home   Ag Industry News

Viterra Invests $1M in the Canadian International Grains Institute

By Amanda Brodhagen, Farms.com

Canada’s largest grain handler, Viterra Inc. announced a $1 million partnership with the Canadian International Grains Institute (Cigi) on Tuesday.

The financial contribution signals further agreements between the two parties, as Cigi begins to gather support for its $12 million new facility.

“Cigi has an excellent international reputation for delivering customized training programs and technical expertise to farmers and end users. Their work has helped to enhance Canada's position as a reliable supplier of safe and high quality grains, oilseeds and pulses,"  Kyle Jeworski, Viterra's President and CEO for North America said in a release.

Cigi is a not-for-profit grain marketing institute which aims to promote Canadian field crops through industry resources and training. The institute is funded by growers and the federal government.
 


Trending Video

90-Day Pause & Lower U.S. Tariffs with China has avoided the “Black Hole.”

Video: 90-Day Pause & Lower U.S. Tariffs with China has avoided the “Black Hole.”


A 90-day tariff pause with China, cutting rates from 145% to 30%, has renewed investor confidence in Trump’s trade agenda. U.S. deals in the Middle East, including NVDA and AMD chip sales, added to the optimism. Soy oil futures rose on biofuel hopes but turned volatile amid rumors of lower RVO targets, dragging down soybean and canola markets. A potential U.S.-Iran deal weighed on crude, while improved weather in the Western Corn Belt is easing drought fears. The U.S. also halted Mexican cattle imports again due to screwworm concerns. Funds are now short corn and adding to long soybean positions after a bullish USDA report.