The board of directors for a U.S. railway facing takeover bids from each of Canada’s big two railways is sticking with Canadian National Railway’s (CN) proposal. The board for Kansas City Southern (KCS), in a release Aug. 12, said it unanimously agrees an upgraded Aug. 10 cash-and-stock bid from Canadian Pacific Railway (CP) “does not […] Read more
Tag Archives mexico
U.S. railway’s board sticks with CN’s bid
Kansas City Southern board spurns sweetened CP bid
Mexican judge rejects industry bid to halt GMO corn, glyphosate ban
Farm council warns of lost productivity
Mexico City | Reuters — A Mexican federal judge ruled against a request by the National Farm Council to freeze a government plan to ban genetically modified (GMO) corn and the widely used herbicide glyphosate by 2024, the national science council said on Monday. Judge Martin Adolfo Santos Perez’s ruling allows the executive order issued […] Read more
Mexico’s ban on GMO corn imports won’t apply to feed, U.S. says
Chicago | Reuters — U.S. Agriculture Secretary Tom Vilsack said on Friday that a Mexican plan to ban imports of genetically modified (GMO) corn would apply to grain used for human food products, not livestock feed, based on recent talks he had with Mexican Agriculture Secretary Victor Villalobos Arambula. Vilsack said limiting the ban to […] Read more
New U.S. trade chief Tai focused on CUSMA, China ties in calls
New trade deals on hold for now, White House says
Washington | Reuters — New U.S. Trade Representative Katherine Tai mapped out her priorities and Washington’s desire to rebuild alliances in initial calls on Monday with her counterparts from Canada, Britain and the European Union. Tai, sworn in Thursday as President Joe Biden’s top trade negotiator, emphasized climate change, racial equity and the need to […] Read more
Canadian Pacific to buy Kansas City Southern in bet on trade
Biggest North American rail deal ever valued at US$25 billion
Reuters — Canadian Pacific Railway (CP) agreed on Sunday to acquire Kansas City Southern in a US$25 billion cash-and-stock deal to create the first railway spanning the United States, Mexico and Canada, standing to benefit from a pickup in trade. It would be the largest ever combination of North American railways by transaction value. It […] Read more
Mexico farm lobby blasts ban on GMO corn
Country's organic growers welcome ban
Monterrey, Mexico | Reuters — Mexico’s main agricultural lobby on Saturday criticized the government’s decision to ban genetically modified corn, while organic growers hailed the move that should protect smaller farmers. Mexico will “revoke and refrain from granting permits for the release of genetically modified corn seeds into the environment,” stated a decree issued Thursday […] Read more
U.S. grains: Corn, wheat hit two-week lows on COVID-19 fears
Commodity selling continues dragging on grains, analysts say
Chicago | Reuters — U.S. grain futures extended losses on Thursday, with corn and wheat hitting two-week lows as concerns over the COVID-19 pandemic’s economic impact weighed on prices. Improving global crop weather added pressure on prices, with rains benefiting dry wheat-growing areas in the U.S. and Russia and soybean-producing regions of Brazil, traders said. […] Read more
Feds seek feedback on farm worker living conditions
Consultations focused on 'primary agriculture' labour stream of TFWs
Improving and standardizing living conditions for temporary foreign workers (TFWs) in Canada — specifically, those on Canadian farms — is the subject of a new round of federal consultations. Employment Minister Carla Qualtrough and Agriculture Minister Marie-Claude Bibeau on Tuesday announced consultations are now underway until Dec. 22 with “provinces and territories, employers, workers, worker […] Read more
U.S. grains: Dry soils push Chicago wheat higher
CBOT corn, soy futures also rise
Chicago | Reuters — Chicago Board of Trade soft red winter wheat futures firmed on Monday, hitting almost six-year highs, on concerns about dry conditions across key global growing areas, traders said. But gains were limited as investors stood by after prices have rallied 8.6 per cent so far this month. “The market is just […] Read more
U.S. grains: CBOT wheat hits 2014 high on global crop concerns
Soybean futures retreat from gains
Chicago | Reuters — U.S. wheat futures surged to their highest prices in nearly six years on Friday as dry weather in key growing regions around the world fueled supply concerns. Corn futures ended lower, after touching a 14-month high on prospects for hefty sales to China, and soybeans also slumped. Traders are keeping a […] Read more
Cyber-Savvy Farmer
