Agco to sell grain bin firm GSI

Agco to sell grain bin firm GSI

Agco has completed a deal to sell the majority of its Grain and Protein business division, including its grain bin and handling equipment arm GSI, to American Industrial Partners. Agco also plans to sell four other owned brands as part of "strategic transformation."

File photo of grain bins in Saskatchewan. (Chinaface/iStock/Getty Images)

StatCan field crops report numbers fairly acceptable says analyst

Statistics Canada’s production estimates in its principal field crops report issued Aug. 28, came in better than expected according to MarketsFarm analyst Mike Jubinville. While Jubinville thought StatCan might peg the 2024/25 canola crop at around 20 million tonnes, the federal agency placed their call at 19.50 million, while a poll by Reuters expected 19.20 million.