Chicago | Reuters –– Grain merchant Bunge Ltd. has sweetened compensation packages for top executives in the case of a takeover, according to the company’s regulatory filings, around six months after rebuffing an approach by commodity trading giant Glencore. Bunge and its rivals have seen profits fall as several years of oversupply in global grains […] Read more
Bunge widens exec takeover payout scheme after Glencore approach
Brazil pushes back decision on Bayer-Monsanto tie-up
Sao Paulo | Reuters — Brazilian antitrust agency Cade on Wednesday extended its deadline to review Bayer’s proposed takeover of Monsanto by 90 days to late March, potentially spoiling plans to wrap up the US$66 billion tie-up by the end of the year. A spokesman said Cade had approved the extension at a session on […] Read more
U.S. grains: Soy nears US$10 a bushel ahead of holiday
Chicago | Reuters — Chicago soybean futures approached a two-week high near US$10 a bushel Wednesday on technical buying ahead of the U.S. Thanksgiving holiday, analysts said. Additional support stemmed from worries that the La Nina weather phenomenon, expected to emerge next month, could stress soy and corn crops in South America. The La Nina […] Read more
U.S. grains: Wheat up as crop ratings, Russia news spur short-covering
Chicago | Reuters — Chicago wheat futures rose on Tuesday as a decline in U.S. crop ratings and news of radioactive pollution in the Ural mountains triggered a round of short-covering and concern about wheat exports from Russia, the world’s top supplier. Corn and soybean futures closed little changed after a choppy session. Chicago Board […] Read more
P+H plans new east-central Alberta elevator
Winnipeg grain and agrifood firm Parrish and Heimbecker is set to reinforce its recent arrival in the east-central Alberta retail market with a new grain elevator. Privately-held P+H announced Tuesday it will build a new 46,000-tonne capacity grain elevator and crop input centre at Viking, about 120 km southeast of Edmonton. The Viking site will […] Read more
OFA pre-election policy targets broader economic development
Stable rural areas and thriving farms can help urbanites with some of their biggest challenges. That’s the message from the Ontario Federation of Agriculture going into next year’s provincial election. The OFA talked about how it is framing its election strategy at its annual meeting, which ran Monday and Tuesday in Toronto. “With the election […] Read more
Canada, Mexico to rebuff U.S. over NAFTA goals
Mexico City | Reuters — Canada and Mexico will rebuff the United States over its demand for tougher NAFTA automotive content rules, top officials said on Monday as negotiations to renew the treaty bogged down with only a few months to go. U.S. President Donald Trump is threatening to quit NAFTA, which has reshaped the […] Read more
Wheat bids fall along with U.S. futures
Winnipeg | CNS Canada – Hard red spring wheat bids in Western Canada fell slightly for the week ending Nov. 17, following decreases in the United States markets. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices were down C$3 to C$5 per tonne across the Prairie provinces, […] Read more
Grain marketing shifting to a digital focus
Winnipeg | CNS Canada – The future of grain marketing includes access to a larger market for producers online, according to Lyle Ehrmantraut. “You have to be able to see the deals to make the best decisions. So without all the deals in front of you in a centralized system I don’t know how it’s […] Read more
Trade talks a dicey situation, Coyne says
Winnipeg | CNS Canada — With Canada in the midst of negotiations for two different trade agreements, the North American Free Trade Agreement and Trans-Pacific Partnership, trade concerns are getting muddled, according to Andrew Coyne. “We need to be conscious of diversifying our trade interests beyond just North America. It would be extremely foolish that […] Read more
Cyber-Savvy Farmer
