World Grain - April 2021 - 73

WORLD GRAIN ARCHIVE

1991

Continental Grain Co., New York,
New York, US, and Scoular Grain
Co., Omaha, Nebraska, US, signed
a letter of intent in February to form
a grain handling and merchandising
venture involving present Scoular
grain and grain-related operations.
The Scoular facilities that will be
acquired by the new venture are located in Nebraska, Iowa, Missouri,
Kansas, Colorado and Montana.
The two companies said the new
venture will be based in Omaha and
headed by Duane A. Fischer, currently president and chief operating
officer of Scoular.
Testing of AUDIT, the electronic
hand-held trading card developed
jointly by the Chicago Board of
Trade and the Chicago Mercantile
Exchange, will begin this month,
said Dale E. Lorenzen, vice president, Dean Witter Reynolds, Inc.,
Chicago, Illinois, US.
" After 140 years, the open outcry system of price discovery was
under scrutiny, and in August 1989,
the CME and CBOT announced
that $5 million would be spent to
fund the development of an electronic hand-held trading card, " Lorenzen said.
Testing will begin this month in
a pit simulation environment at the
CME conducted jointly with the
CBOT. The committee hopes the
unit will be phased in on the trading
floor in 1992.
Members of a trade delegation from
Ceroilfood, China's official grain
buying agency, disclosed a major flour mill building program in
China during a visit to Kansas City,
Missouri, US. The delegation, led
by Lin Zhongming, president, said
three mills are currently under construction, including one near Hong
Kong that is planned for completion later this year. It will produce
flour for local consumption as well
as for export. The milling building

program, Lin said, is aimed at meeting Ceroilfood's strategy to establish itself as a major industrial food
manufacturer, in a change from its
former status as solely a trading
agency.

2001

A flour milling partnership between
the Pendleton Flour Mills division
of Kerr Pacific Corp. and the Milner Milling division of Southeastern Mills, Inc. has signed an agreement to acquire the Seattle, Washington, US, and Blackfoot, Idaho,
US, flour mills of Fisher Mills, Inc.
The two mills have combined daily
milling capacity of 33,000 cwts.
The partnership, known as Pendleton Flour Mills LLC, also will
acquire the milling equipment and
related assets of Fisher's smaller
flour mills in Portland, Oregon,
US, and Modesto, California, US,
but not the mills themselves. Fisher
Communications, Inc., the parent
of Fisher Mills, said the sale of its
milling assets was part of a larger
restructuring to concentrate on
communications and media. Fisher Mills is ranked as the eighthlargest US flour miller, in terms of
milling capacity, according to Sosland Publishing's 2001 Grain &
Milling Annual.
Saskatchewan Wheat Pool and
Toepfer International recently announced a strategic alliance designed to " strengthen their leadership roles in meeting the increasing demands of global customers. "
Under the plan, the Pool will supply
specific agricultural commodities
to Toepfer customers around the
world.

2011

According to news reports, First
Deputy Prime Minister Viktor Zubkov said on March 2 that Russia
may extend its ban on grain exports,
scheduled to expire at the end of
June, for the rest of the marketing

World-Grain.com / World Grain / April 2021

year, which ends on June 30. The
government will look at considerations, including having " good
carry-over stock to be able to have
a grain intervention fund again "
before deciding on the measure,
Zubkov said. An extension to at
least 2011 is " highly likely, given
the government's focus on capping
inflation and food prices in the runup to the parliamentary elections
in December 2011 and presidential
polls in March 2012, " New Yorkbased political-risk researcher Eurasia Group said.
Cargill announced on March 24
that it will begin production at a
new, high-capacity feed mill on
May 1 in Letterkenny, Pennsylvania, US. The new facility, known as
the Feed Depot at Letterkenny, replaces the company's feed mill that
was destroyed in a fire on Feb. 12,
2010. The company said the new
mill features state-of-the-art feed
batching software to give Cargill
Animal Nutrition experts maximum precision in customizing feed
to match customer needs. With a
20% increased production capacity, the mill will produce 120,000
tonnes of feed per year. It primarily
will serve dairy farmers and livestock producers in parts of Pennsylvania and Maryland.
Richardson International Ltd. announced on March 10 that it has
entered into an agreement to purchase the North East Terminal
grain handling facility in Wadena,
Saskatchewan, Canada, along with
the crop input facilities at Wadena,
Kelvington, Foam Lake and Ponass
Lake, Saskatchewan. The agreement is expected to close April 13.
Upon successful completion of the
sale, Richardson plans to invest an
additional C$3 million to upgrade
and enhance the grain handling and
crop input facilities with an aim to
improve safety, increase efficiencies
and better serve customers.

1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2001
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
73

http://www.World-Grain.com

World Grain - April 2021

Table of Contents for the Digital Edition of World Grain - April 2021