Reuters — A U.S. grand jury has charged a Spanish investor with lying to regulators probing insider trading ahead of an August 2010 hostile bid for PotashCorp, even though he had been cleared of charges over his own trading. An indictment announced on Friday by federal prosecutors in Chicago charged Luis Martin-Caro Sanchez, 42, of […] Read more
Spanish man charged with lying in PotashCorp trading probe
Monsanto in talks with Bayer, others about ‘strategic options’
Chicago | Reuters — Monsanto is in talks with Bayer and other companies regarding “alternative strategic options,” a month after it rejected the German company’s US$62 billion takeover offer, the U.S. seed producer said on Wednesday. Monsanto’s options include combinations with other companies and businesses in the sector beyond Bayer. Potential deals could involve BASF […] Read more
Audit rips New Brunswick’s oversight of ag fairs
New Brunswick’s provincial government plans to update the legislation governing agricultural fair associations, following an audit that criticizes several departments for lack of oversight on the fair organizations. Given ag fairs’ charitable gaming privileges and exemptions available for property and income taxes, Auditor General Kim MacPherson found “limited provincial processes to monitor compliance” with the […] Read more
African growers threaten Dutch flower power
Aalsmeer, Netherlands | Reuters — The Netherlands is fighting to retain its crown as the world’s top auction house for flowers as growers in Africa and elsewhere increasingly sell directly to buyers. The country grew wealthy selling tulip bulbs in the 17th century during the so-called Dutch Golden Age and remains the second largest agricultural […] Read more
Can coffee cause cancer? Only if it’s very hot, says WHO agency
London | Reuters — There is no conclusive evidence that drinking coffee causes cancer, the World Health Organization’s cancer agency said Wednesday, in a reverse of its previous warning, but it also said all “very hot” drinks are probably carcinogenic. The WHO’s International Agency for Research on Cancer (IARC) had previously rated coffee as “possibly […] Read more
ICE weekly outlook: Canola establishes range
CNS Canada –– ICE Futures Canada canola suffered small losses during the week ended Wednesday, with both the July and November contracts chopping around the $520 per tonne mark. Losses in the Chicago Board of Trade (CBOT) soy complex weighed on canola. However, it lagged the U.S. market while receiving support from declines in the […] Read more
Report finds ethanol, bioenergy no threat to food security
New York | Reuters — Bioenergy produced from crops does not threaten food supplies, researchers funded by the U.S. government, World Bank and others said in a report Tuesday, dealing a potential blow to critics of the country’s biofuels program. There is no clear relationship between biofuels and higher prices that threaten access to food, […] Read more
More pulse acres expected to affect handling dynamics
CNS Canada –– Canadian grain handlers are curious how dynamics and timing in the rail freight sector will be managed in the upcoming season, given an expected boost in pulse crop production . For the moment, however, Prairie grain movement has dropped to seasonal lows. This year’s pulse area will likely be the largest on record, according to early estimates […] Read more
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 workers, scientists said Friday. A study by the Potsdam Institute for Climate Impact Research and Columbia University showed production losses caused by high temperatures, predicted […] Read more
Colombia, rebels plan joint drug crop eradication
Havana | Reuters –– Colombia’s government and leftist FARC rebels agreed on Friday to a pilot project to replace illicit crops, mainly coca, as part of negotiations aimed at ending Latin America’s last and longest guerilla war, which is fueled in part by drug profits. Colombia is one of the world’s biggest producers of cocaine, […] Read more
Cyber-Savvy Farmer
