I just realized that Glencore is the #2 oil trading company in the world.
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glencore Viterra
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Allowing Glencore to take over any part of our grain trade was one of the more stupid moves this government of ours has ever done. This whole "behind the scene" manipulation was done with the blessing of the Harper government who continue to "sell-us-out" with every passing day.
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gustgd: You ask why??? Putting that much more power in the hands of one World dominant corporation in buying and selling of grain and oilseeds allows for too much manipulation of price and supply...in other words a near monopoly which can do so at the expense of our producers.
Of course you may pooh-pooh this as alarmism...well we'll see in the next few years as to who is right.
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gustgd - google Mark Rich founder of Glencore. He was on the FBI 10 most wanted list. Hopefully he no longer has his fingers in the Pie
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The following Globe and Mail report pretty clearly states that Glencore lines up its deals to their benefit. One gets the feeling that they will line up farmers in the same manner.
That company has a real history that maybe should be looked at for what it is.
Have any of the agricultural spokespersons and interviewee's contemplated this kind of information......or will this just be a very positive move forward for Western Canadian Agriculture.
http://m.theglobeandmail.com/globe-investor/glencores-viterra-deal-spurs-grain-sector-shakeup/article535020/?service=mobile
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oneoff after this glencore deal was announced I told our member of parliament to look into the companies PAST before they Approved takeover. I got the feeling they didn't have a clue about the company. There main theme was "we're open for business"
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