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Spokespersons for CWB and Bunge could not immediately be reached for comment.

A company spokeswoman declined to comment on the CWB deal.

But CWB has also traded big volumes on MGEX for decades, grain traders say.

CWB Chief Executive Ian White said the board is still negotiating with other handlers.

Canadian grain companies can also export without the CWB's involvement, potentially redrawing transportation patterns and market shares.