Alberta’s government has dismissed the board of its farm financing and crop insurance agency following an internal probe into “expense and procurement practices” for senior executives. Three unnamed senior executives […] Read more
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Oilseeds
Alberta sacks AFSC board over top brass’ expenses
Globalized economy seen more susceptible to weather extremes
Barcelona | Thomson Reuters Foundation — The globalization of the world’s economy this century has made it far more vulnerable to the impacts of extreme weather, including heat stress on […] Read more
Bayer ex-CEO reportedly opposed Monsanto deal
Frankfurt | Reuters — Bayer ex-chief executive Marijn Dekkers opposed the company’s plans for a US$62 billion takeover of U.S. seeds firm Monsanto, German magazine Der Spiegel reported. Dekkers warned […] Read more
U.S. grains: Soybeans notch longest bull run in 43 years
Chicago | Reuters — U.S. soybean futures rose for the ninth straight week, the longest bull run in 43 years, on expectations that crop problems in Brazil and Argentina will […] Read more
China’s COFCO Agri hiring grain traders, opening Winnipeg office
Winnipeg | Reuters –– Chinese state-owned agricultural trader COFCO Agri is opening a trading office in the Canadian grain hub of Winnipeg, adding to the aggressive expansion of its North […] Read more
Palm plantations shaken by the green body they helped create
Kuala Lumpur | Reuters — In 2004, Malaysian palm oil producer IOI Group became a founding member of the Roundtable on Sustainable Palm Oil (RSPO) and later an executive board […] Read more
Turkey bans ammonium nitrate sales after bomb attacks
Istanbul | Reuters — Turkey has banned the sale of fertilizers containing ammonium nitrate, which can be used in explosives, after at least half a dozen car bomb attacks this […] Read more
La Nina effect in U.S. may not spill onto Prairies
CNS Canada — As the El Nino weather event of 2015-16 gradually fades into memory, most weather forecasters say it’s slowly being replaced by its cousin, La Nina. The La […] Read more
U.S. grains: Wheat, corn ease on profit-taking
Chicago | Reuters — U.S. wheat and corn fell about one per cent on Thursday as traders locked in profit after the previous session’s multimonth highs and ahead of a […] Read more
B.C. pension funds to get piece of Glencore ag unit
The investment firm for British Columbia’s public-sector pension funds is set to buy just under 10 per cent of the agricultural arm of commodities firm Glencore. Swiss-based Glencore announced Thursday […] Read more