Spokespersons for CWB and Bunge could not immediately be reached for comment.
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A company spokeswoman declined to comment on the CWB deal.
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But CWB has also traded big volumes on MGEX for decades, grain traders say.
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CWB Chief Executive Ian White said the board is still negotiating with other handlers.
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Canadian grain companies can also export without the CWB's involvement, potentially redrawing transportation patterns and market shares.
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CWB did not release further financial details.
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The storm's approach prompted the CWB to issue sea and land warnings for the east coast of Taiwan.
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Under the deal, Saudi Arabia would still have to compete to buy grain from the CWB at market prices.
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The CWB has long maintained that it commanded a price premium for Canadian farmers, based on its monopoly clout.
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CWB, or the Canadian Wheat Board, for decades held government-sanctioned marketing control of Western Canada's milling wheat and barley.
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Cargill Ltd, the third-largest Canadian grain handler, and the farmer-owned South West Terminal, agreed earlier to handle CWB grains.
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Some offshore buyers have already raised concerns that breaking the CWB's monopoly may result in smaller supplies of top-quality Canadian wheat.
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Last year, CWB bought Mission Terminal Inc from Upper Lakes Group, giving it grain storage at Port of Thunder Bay, Ontario.
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About Canadian Western Bank Canadian Western Bank (CWB) is a Canada-based bank engaged in offering a range of financial services.
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The issue has aroused some deep soul-searching among U.S. farmers, who traditionally have complained loudly against the CWB, a secretive government-sponsored seller.
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CWB operates seven grain elevators in Western Canada, along with port terminals in Ontario and Quebec, and is building four additional grain-handling facilities.