The Globe and Mail reports in its Tuesday edition that the proposed merger of Canada's Viterra Ltd. and U.S. rival Bunge Ltd. is moving ahead with the support of two of Canada's biggest pension funds. A triple-bylined item led by Eric Reguly says that a deal should be announced within weeks and would create one of the world's biggest handlers of grains and oilseeds, a competitor with industry leaders Cargill and Archer-Daniels-Midland. Final details of the merger, such as the ownership levels in the new company, were yet to be determined. So far, there has been no comment from Viterra, its controlling shareholder, Glencore PLC of Switzerland, or Bunge. Gary Nagle, Glencore's chief executive officer, has toyed with various ideas to monetize Viterra, Canada's largest grain handler, whose roots lie in the old Saskatchewan Wheat Pool. Mr. Nagle wants to transform Glencore, the world's biggest commodities trader and one of the biggest mining companies, into a global metals powerhouse. Merging Viterra with Bunge would be part of that process. The second and bigger part would be merging Glencore with Teck Resources. Glencore offered to take control of Teck through a share swap in March, but the Teck board rejected the deal.