Other crops Archives | Page 152 of 166

CP revises offer for Norfolk Southern, rebuffed again

By Allison Lampert, Euan Rocha December 8, 2015

Reuters — Canadian Pacific Railway (CP) on Tuesday revised its bid to buy U.S. railroad operator Norfolk Southern Corp, less than a week after its prior $28.4 billion proposal was rejected but the new offer was promptly rejected again. Calgary-based CP said it was now offering $32.86 in cash and 0.451 of a share in […] Read more

Yara’s fertilizer terminal at Stockton, California. (Sebastian Braum photo, Yara.com)

Crops

Yara to buy Agrium fertilizer upgrading plant

By Farmtario Staff December 7, 2015

Canadian fertilizer firm Agrium has a buyer lined up for a U.S. nitrogen upgrading site it’s been looking to sell since April. Oslo-based fertilizer giant Yara said Thursday it’s made a deal to buy Agrium’s West Sacramento Nitrogen Operations plant for US$27 million (C$36 million) and use the facility instead as an import terminal for […] Read more

Crops, Machinery

U.S. railway Norfolk Southern rejects CP offer

By Ankit Ajmera, Sneha Banerjee December 4, 2015

Reuters — U.S. railroad operator Norfolk Southern said Friday its board had rejected Canadian Pacific Railway’s US$28.4 billion offer, calling it “grossly inadequate” and could face substantial regulatory hurdles. A struggling coal transportation market, suppressed by weak market demand and global oversupply, has weighed on the earnings of Norfolk, making it more vulnerable as a […] Read more

Crops, Machinery

U.S. EPA finalizes 2016 renewables target at 18.1B gallons

By Chris Prentice November 30, 2015

New York | Reuters — The U.S. Environmental Protection Agency wants energy companies to blend 18.1 billion gallons (68.5 billion litres) of biofuels into the nation’s fuel supply next year, more than in a proposal laid out in May, it said in announcing final rules on renewables use for 2014-16 on Monday. The EPA’s long-awaited […] Read more

Crops

Red tape seen costing hemp growers market share

By Jade Markus November 26, 2015

CNS Canada — Canadian hemp producers are missing out on a potential billion-dollar market opportunity due to government regulations, an industry group warns. Canadian hemp farmers are only permitted to use certain parts, the stalk and seeds, of the plants they grow. As a result, the growers are missing out in the market, said Kim […] Read more

Crops

Nufarm to shut Calgary herbicide plant

By Farmtario Staff November 24, 2015

Crop chemical manufacturer Nufarm plans to make its North American business more “cost-effective” by shutting its plant in Calgary and shipping the production work to Chicago. The “rationalization” in Calgary, expected to be complete by next fall, “will allow us to increase flexibility, reduce complexity and more efficiently utilize our facilities,” Nufarm manufacturing group executive Elbert […] Read more

Crops, Markets

Sask. seeks price protection in altering potash taxes

By Rod Nickel November 20, 2015

Winnipeg | Reuters –– Potash-rich Saskatchewan hopes to revise its taxes on production of the crop fertilizer to avoid big revenue drops in years when prices sag, the Canadian province’s economy minister said Friday. Saskatchewan, home to mines operated by PotashCorp, Mosaic Co. and Agrium, is conducting its first full review in 10 years of […] Read more

Crops, Markets

Baltic Dry Index hits record low

By MarketsFarm Team November 20, 2015

The Baltic Dry Index fell to its lowest levels ever on Friday, which bodes well for the competitiveness of Canadian grain exports. The BDI, a gauge of global ocean freight prices, was quoted Friday at 498 points — the first time the index dipped below 500 since records began in 1985. The index was trading […] Read more

Crops, Markets

Stronger demand for minor feeds reflected in oats futures

By Jade Markus November 19, 2015

CNS Canada — Oats futures at the Chicago Board of Trade have been creeping higher, which a U.S.-based analyst attributes to increasing demand for minor feed grains. Data from Canada and the U.S. project oat yields to increase from last year, which are capping gains, but at the same time, the demand picture has improved. […] Read more

Crops

Syngenta ready to play role in sector shake-up

By Ludwig Burger November 19, 2015

Frankfurt | Reuters — Syngenta and other major seeds and crop chemicals companies are intensively discussing tie-ups, the Financial Times quoted the Swiss firm’s chairman as saying Wednesday, adding to a chorus of voices predicting a sector shake-up. Conversations among the leading players in the industry are “extremely active,” the newspaper quoted Michel Demare as […] Read more

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