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U.S. Senate judiciary committee to hold hearing on ag chem deals

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tagged ChemChina Dow DuPont judiciary committee syngenta U.S. Senate
Washington | Reuters -- The U.S. Senate judiciary committee will hold a hearing in late September to discuss the mergers of Dow Chemical and Dupont as well as ChemChina's purchase of Syngenta, committee chair Charles Grassley said in a statement Tuesday. Grassley, a Republican from the farm state of Iowa, has already expressed concern that the deals would result in farmers paying more for seeds, pesticides and herbicides and reduce the companies' incentives to innovate. "The seed…
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U.S. grains: Corn touches one-week low on improved crop conditions

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tagged cbot closing markets corn futures Pro Farmer soybean futures USDA wheat futures
Chicago | Reuters -- U.S. corn futures slid to a one-week low on Tuesday and soybean futures lost ground, a day after a U.S. government report showed both crops were thriving. Expectations that a privately run U.S. crop tour would uncover stronger yields in the coming days than on Monday, when it began, put additional pressure on prices, traders said. Massive supplies of crops are a focus for traders as farmers will soon start bringing in harvests from their fields, adding to…
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U.S. livestock: More CME live cattle selling on weaker cash outlook

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tagged cattle futures cattle on feed closing markets CME feeder cattle hog futures Labour Day lean hogs live cattle USDA
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures' losing streak stretched to a seventh consecutive session on Tuesday in anticipation of softer cash prices by Friday, traders said. August live cattle ended down 0.175 cent/lb. to 113.25 cents (all figures US$). Most actively traded October closed 0.625 cent lower at 109.725 cents. Bids for market-ready, or cash, cattle surfaced in Texas and Kansas at $115/cwt with sellers asking more than $120, said feedlot…
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StatsCan’s canola estimates taken with grain of salt

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tagged canola production crop production oats production peas production estimates statistics canada statscan wheat production
CNS Canada -- Statistics Canada's latest crop production estimates are in and while they may raise a few eyebrows, the numbers aren't likely to cause havoc in the markets, according to most trade analysts. StatsCan on Tuesday pegged canola production in 2016-17 at 17 million tonnes. That compares to pre-report ideas of 15.9 to 20 million tonnes and the year-ago level of 17.2 million tonnes. "The average trade guess was 18.1 (million tonnes) so this is below the average trade…
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Klassen: Feeder market establishes defensive tone

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tagged beef prices beef production cattle markets cattle prices fed cattle feed barley feeder cattle wholesale beef
Western Canadian feeder cattle prices were relatively unchanged from week-ago levels although a softer tone was noted late in the week. After two weeks of slightly higher values, buyers took on the attitude of cutting one's coat according one's cloth. Each cattle feeder appears to have his or her own view of the market and is placing bets accordingly. A few brave souls were noted buyers earlier in the week, but as the futures markets eroded, their nimblewitted minds pulled in the…
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Field testing underway on Canadian PED vaccine

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tagged Huvepharma InterVac PED pedv porcine epidemic diarrhea University of Saskatchewan vaccine VIDO
Field testing is underway and a corporate partner on board for development of a made-in-Saskatchewan vaccine to protect pigs against porcine epidemic diarrhea (PED). The University of Saskatchewan's Vaccine and Infectious Disease Organization-International Vaccine Centre (VIDO-InterVac) said Monday its prototype vaccine, first announced last year, has moved into field testing in Manitoba…
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Couche-Tard to buy Corner Store owner in US$4.4B deal

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tagged Circle K convenience stores Corner Store Couche-Tard CST Brands Depanneur du Coin Mac's
Reuters -- Canadian convenience store operator Alimentation Couche-Tard said on Monday it would buy U.S. convenience store chain CST Brands in a deal valued at about US$4.4 billion, boosting its presence in the southeastern U.S. and Eastern Canada. San Antonio, Texas-based CST is one of the largest publicly traded fuel retailers in North America and also controls the general partner of gas station company CrossAmerica Partners. The company, spun off from Valero Energy Corp. in…
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U.S. watchdog clears ChemChina’s takeover of Syngenta

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tagged Bayer CFIUS ChemChina monsanto syngenta USDA
Zurich | Reuters -- A U.S. regulator has cleared ChemChina's US$43 billion takeover of Swiss pesticides and seeds group Syngenta, the companies said Monday, boosting chances that the largest foreign acquisition ever by a Chinese company will go through. The decision should remove significant uncertainty over whether the acquisition of the world's largest pesticides maker will be completed. Syngenta shares ended trading on Friday at 380.80 Swiss francs (C$512), some 100 francs…
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U.S. grains: Soybeans climb on persistent export demand

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tagged cbot closing markets corn futures livestock futures USDA wheat futures
Chicago | Reuters -- U.S. soybean futures rose on Monday, with the benchmark November contract reaching its highest in a month on strong export demand for U.S. supplies, traders said. Wheat futures fell nearly three per cent, led by the spot September contract, while corn drifted lower in rangebound trade. At the Chicago Board of Trade, the November soybean contract settled up 11-1/4 cents at $10.15-3/4 per bushel (all figures US$). September wheat ended down 11-3/4 cents at…
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Tisdale drops ‘Land of Rape and Honey’ slogan

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tagged Land of Rape and Honey rapeseed saskatchewan Tisdale
Reuters -- The Saskatchewan town of Tisdale is no longer the "Land of Rape and Honey," it said on Monday, as it dropped a slogan that had been a constant source of complaints. The slogan referred to rapeseed, also known as canola, a major product of Tisdale and the surrounding region along with honey. But over the years many who misinterpreted the meaning have complained, said Sean Wallace, the town's economic development director. Tisdale, a town of 3,500 about 140 km east of…
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