With Dow Chemical and DuPont now officially a married couple, the two companies’ agriculture businesses are scheduled to clear out of the house within the next year and a half. As per the terms of the merger-of-equals deal they first announced in late 2015, the two companies’ separate shares ceased trading in New York Thursday […] Read more
Dow, DuPont wrap up merger
Cargill CEO sees Harvey not likely weighing much on farm freight
Mexico City | Reuters — Global commodities trader Cargill does not expect a significant impact on freight costs or logistics from the massive flooding caused by Hurricane Harvey in Texas and Louisiana, its top executive said Friday. Cargill CEO David MacLennan said while it was still too early to assess the full impact of the […] Read more
NAFTA talks resume in Mexico City
Mexico City | Reuters — Trade negotiators from Canada and the U.S. gathered under rainy skies in Mexico City on Friday to discuss the North American Free Trade Agreement, with the mood darkened by U.S. President Donald Trump’s persistent threats to pull out. Teams from the three countries were due to kick off a second […] Read more
U.S. grains: Corn lower as yield forecasts rise
Chicago | Reuters — U.S. corn futures fell on Friday on rising expectations of plentiful supplies from what should be a bumper Midwest harvest beginning later this month, analysts said. Soybean futures firmed, led by strength in soyoil, and wheat rose on technical buying ahead of a three-day U.S. holiday weekend. Markets will be closed […] Read more
U.S. grains: Corn jumps, joining broad commodities rally
Chicago | Reuters — U.S. corn prices rose about 3.5 per cent on Thursday, snapping a four-session slide as grain traders joined a broad rally in commodities on the last day of the month. Soybeans and wheat followed the firm trend. Chicago Board of Trade December corn futures settled up 12-1/4 cents at $3.57-3/4 per […] Read more
Herbicide supplier Albaugh said to be exploring sale
Reuters — Albaugh LLC is exploring a sale that could value the privately held U.S. producer of agricultural crop protection chemicals at more than US$1.5 billion, including debt, according to people familiar with the matter. Albaugh, controlled by its 67-year-old founder Dennis Albaugh, is working with investment bank JPMorgan Chase and Co. to discuss a […] Read more
U.S. grains: Corn, soy futures flat
Chicago | Reuters — U.S. corn futures fell to contract lows on Thursday on fund-driven selling tied to plentiful global supplies and expectations of a large Midwest harvest, analysts said. Soybeans followed the weak trend while wheat ended steady to lower. Chicago Board of Trade December corn settled down 3-1/4 cents at $3.45-1/2 per bushel […] Read more
Federal Tories look east for ag critic
The federal Conservatives have tapped one of their rookie Quebec MPs as the new agriculture critic for Her Majesty’s Loyal Opposition. Andrew Scheer, elected in May as the Tories’ new leader, on Wednesday announced his first shadow cabinet with Luc Berthold, the MP for Megantic-L’Erable, as agriculture and agri-food critic and John Barlow, MP for […] Read more
StatsCan production survey timing likely to skew results
CNS Canada — Production of Canada’s major crops is generally expected to be down on the year after an adverse growing season in many areas. However, actual production may not end up as low as the estimates set to be released by Statistics Canada on Thursday, due to the timing of the survey. The survey […] Read more
U.S. grains: Corn hits contract low ahead of big harvest
Chicago | Reuters — Chicago Board of Trade corn futures fell to contract lows for the fifth straight session on Tuesday on technical selling linked to the approaching harvest of a bumper U.S. crop, traders and analysts said. CBOT wheat futures also notched life-of-contract lows before reversing slightly higher on bargain buying while soy prices […] Read more
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