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Sask. extends greenfeed seeding deadline

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tagged crop insurance green feed saskatchewan seeding deadline
Livestock producers in parched areas of Saskatchewan now have until mid-month to seed insured acres to cereal greenfeed. The federal and provincial governments on Thursday announced an extension of Saskatchewan Crop Insurance Corp.'s deadline for seeding greenfeed to July 15, from June 30. Producers signed up for crop insurance will now be able to seed and insure any cereal greenfeed crop, the province said in a release. "The lack of moisture through the spring and so far this growing…
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K+S rejects PotashCorp takeover offer as too low

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tagged K+S Legacy Morton Salt potash PotashCorp
Frankfurt | Reuters -- German potash miner K+S rejected PotashCorp's 7.9 billion-euro (C$11 billion) takeover bid Thursday, saying it was too low and the Canadian suitor could be planning to dismantle the company, putting jobs at risk. K+S, owner of the Morton Salt brand, said the proposal lacked firm commitments to protect the more than 14,000 K+S employees worldwide and that it had no trust in "vague" pledges that had been made. The takeover offer of 41 euros per share…
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U.S. grains: Weather uncertainty lifts corn to six-month peak

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tagged cbot corn futures Independence Day soybean futures USDA wheat futures
Chicago | Reuters -- U.S. corn futures rose to a six-month peak on Thursday, adding to strong gains earlier in the week as adverse weather in parts of the U.S. Midwest and Western Europe threatened crops. Prices for soybeans and wheat were mixed as investors squared positions ahead of the U.S. Independence Day holiday weekend that begins on Friday, when U.S. markets are closed. Concern that wet weather would curb corn and soybean production prospects kept a floor under prices,…
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U.S. livestock: Hogs near three-week high on export optimism

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tagged cargill cattle futures CME hog futures JBS
Chicago | Reuters -- U.S. lean hog futures rose as much as two per cent on Thursday, lifted by large weekly pork export sales and hopes a deal between JBS USA and Cargill could lead to more international shipments, traders and analysts said. Volume was light in an abbreviated session ahead of the U.S. July 4 holiday, with both live cattle and feeder cattle futures ending roughly unchanged. The U.S. Department of Agriculture earlier said 38,979 tonnes of U.S. pork were sold for…
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ConAgra Foods to exit struggling private label business

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tagged ConAgra ConAgra Foods Jana Partners Post Holdings private label foods Ralcorp TreeHouse
Reuters -- ConAgra Foods, the maker of Slim Jim beef jerky and Chef Boyardee pasta, said it planned to exit its struggling private label foods business as it seeks to boost profit margins and focus on its faster growing consumer foods segment. ConAgra CEO Sean Connolly, who joined in April, said on the company's earnings call on Tuesday it was clear trying to turn around the private label business was draining resources and that the segment would likely attract significant interest…
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Pearce: Cereal seed firm pressing certified seed issue

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tagged bin-run C+M Seeds certified seed CSTA PBR PBR91
It's no secret that the cereal sector has had a tough time trying to convince growers to purchase certified seed, but companies such as C+M Seeds are actively making their case. Palmerston, Ont.-based C+M, during its annual Red Wheat Industry Day on Thursday, brought growers an extensive breakdown of updated plant breeders' rights (PBR) in Canada and the implications for farmers and downstream users. Patty Townsend, outgoing CEO of the Canadian Seed Trade Association and a last-minute…
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JBS to buy Cargill’s U.S. pork assets for US$1.45B

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tagged cargill JBS JBS USA Moy Park Tyson Foods
Reuters -- JBS SA, the world's largest meat packer, is buying Cargill's U.S. pork business for US$1.45 billion, free of debt, it said in a statement on Wednesday, a deal that would make it one of the largest and most powerful meat companies in the U.S. The bid by the company's JBS USA subsidiary comes just over a week after Brazil-based JBS said it would buy Moy Park Ltd., the British unit of rival Marfrig Global Foods SA, and marks the latest sign of consolidation in the U.S.…
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U.S. grains: Wheat crumbles after hitting six-month high

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tagged cbot corn futures soybean futures wheat futures
Chicago | Reuters -- Chicago Board of Trade soft red winter wheat futures plunged 4.4 per cent on Wednesday, with the front-month contract crashing from a six-month high as investors locked in profits from Tuesday's corn-led rally, traders said. Corn closed mostly firmer after trading in negative territory for much of the day while soybeans fell. Both commodities settled above session lows, supported by ongoing concerns about excessive rains reducing final crop yields in the U.S.…
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U.S. livestock: Strong cash prices drive CME live cattle limit-up

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tagged cattle futures CME hog futures
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures closed up their three cent/lb. maximum daily price limit on Wednesday, ignited by short-covering in response to better-than-expected cash prices, traders said. August and October finished at 151.075 and 153.7 cents, respectively (all figures US$). The CME live cattle trading limit will be expanded to 4.5 cents on Thursday following Wednesday's limit-up settlement. On Wednesday, slaughter-ready (cash) cattle in…
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NW Sask. sees patchy canola, better cereals

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tagged cereal crops leaf stage northwestern Saskatchewan patchy canola
Spring has been tough on many canola crops in northwestern Saskatchewan. "Canola -- it's kind of hit and miss. They're just all over the place," said Stephanie McMillan, an agronomist with AgriTeam Services at Glaslyn, Sask., about 90 km south of Meadow Lake. One field might have some plants at the two- to four-leaf stage, and others at the five- to six-leaf stage, she said. Canola crops are a couple of weeks behind normal development, she said -- and how hard late frosts, flea beetles…
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