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FMC deal for DuPont assets wins clearances

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tagged Calgary Dow DuPont FMC Hanley herbicides PrecisionPac Stine
The chemical company set to take up a significant chunk of DuPont's crop protection work in Canada has picked up the last of the regulatory clearances it needs to close the deal. Philadelphia-based FMC Corp. announced Thursday it received the final approval needed, from the Competition Commission of India, to close the deal the company reached with DuPont in late March. FMC's deal allows DuPont to shed several of the assets required to meet regulators' conditions for its own merger with…
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Klassen: Feeder market maintains upward momentum

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tagged calves cattle markets fed cattle feeder cattle feedlot steers yearlings
Compared to last week, western Canadian feeder cattle markets traded $3 to as much as $8 higher. Strong gains in the live and feeder cattle futures, along with the softer Canadian dollar, set a positive tone for all weight categories. Central and southern Alberta feedlot operators were quite aggressive on local cattle, which caused major Alberta markets to trade a slight premium to Saskatchewan and Manitoba. Once again, yearlings were in the spotlight and high-quality cattle attracted major…
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Independent ag retailers team up for group buying

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tagged Ag Advantage AgLink AgLink Canada Agri Team agricultural input Agro Plus Bill Dowdle Emerge Ag IHD input suppliers Jonair McEwens Redfern The Rack
Over a dozen "indie" farm input retailers on the Prairies plan to centralize their purchasing using a model developed by Australians in the same line of work. The group of 14 independent Prairie ag input dealers on Sept. 15 announced a new organization, AgLink Canada, a buying group formed "in response to the growing global consolidation of agricultural input suppliers." The Canadians' model will follow that of AgLink, a buying group set up in 1986 under the name IHD (Independent…
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France open to phasing out glyphosate

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tagged EU European Commission france glyphosate monsanto Roundup
Paris | Reuters -- France is open to phasing out common weedkiller glyphosate, the government said on Monday, following complaints from farmers worried about a potential imminent ban. Prime Minister Edouard Philippe reiterated Paris would vote against the European Commission's proposal to extend for 10 years the licence for glyphosate, which is used in Monsanto's Roundup, citing uncertainty about its safety. A vote is due to take place by the end of the year. However, Philippe…
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U.S. grains: Soybeans sag as harvest gets rolling

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tagged cbot closing markets corn futures soybean futures USDA wheat futures
Chicago | Reuters -- U.S. soybean futures fell about 1.3 per cent on Monday as anecdotal reports of better-than-expected yields from the early harvest in the Midwest began to trickle in, traders said. Wheat futures turned higher on fund short-covering ahead of a key U.S. government crop report on Friday while corn was little changed. Chicago Board of Trade November soybeans settled down 13 cents at $9.71-1/4 per bushel (all figures US$). CBOT December wheat ended up 4-1/2…
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U.S. livestock: Cattle limit down after bearish USDA report

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tagged cattle futures cattle on feed closing markets CME cold storage feeder cattle hog futures lean hogs limit down live cattle USDA
Chicago | Reuters -- Chicago Mercantile Exchange cattle futures tumbled about two per cent on Monday after government data on Friday showed bigger-than-expected placements of cattle on feed in August. Most-active CME December live cattle dropped by the daily price limit of three cents to finish at 114.425 cents per pound, reversing from Friday's 1-1/2 month high (all figures US$). Front-month October cattle settled 2.35 cents lower at 109.225 cents. The U.S. Department of…
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Top U.S. NAFTA negotiator sees no problem with pace of talks

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tagged dairy sector dispute settlement free trade Freeland NAFTA negotiations Trudeau Trump
Ottawa | Reuters -- The top U.S. negotiator at talks to modernize the NAFTA trade pact on Monday dismissed questions about why his team had so far failed to produce specific proposals on key issues, saying "I don't see a problem." Officials from the U.S., Mexico and Canada are in Ottawa for the third of seven planned rounds of talks. The U.S. delegation has yet to unveil its precise position on several points, prompting concerns the process to update the 1994 pact could drag on…
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Western Prairies’ lows run lower

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tagged Canada CoCoRaHS prairies temperature weather WeatherFarm
Overnight lows on the western Prairies dropped lower over the weekend, on Sunday reaching -6 C around Lethbridge and Brooks, -5 C around Kindersley and Rosetown, -3 C around Moose Jaw, North Battleford and Meadow Lake, -2 C around Calgary and Medicine Hat, 4 C around Edmonton and Grande Prairie, 5 C around Saskatoon, Yorkton, Estevan and Melfort, 6 C around Fort St. John, Brandon and Swan River and 10 C around Winnipeg, Portage la Prairie and Winkler. Highs at WeatherFarm stations on Sunday…
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Philippines’ Jollibee eyes deals to grow

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tagged China Jollibee mature markets Philippines Pret a Manger Smashburger
Manila/Singapore | Reuters -- Filipino billionaire Tony Tan Caktiong, who has built Jollibee Foods Corp. into a near-4,000 store purveyor of sweet-style spaghetti, burgers and fried chicken, is looking to buy existing brands in mature markets to help fuel future growth. Dominant at home, where Jollibee has 1,000 eponymous stores welcoming diners with its smiling bee logo, Tan now wants to reshape the $5 billion group as a global fast-food company, bankers and fund managers say (all…
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Brazil’s Supreme Court won’t release JBS brothers

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tagged Batista JBS plea bargain Supreme Court
Sao Paulo | Reuters -- Brazil Supreme Court Justice Gilmar Mendes on Friday denied a request to release from jail Joesley and Wesley Batista, the brothers who control the world's largest meatpacker JBS SA. The Batistas' defense challenged the detention of the brothers after their arrest last week by federal police in a probe into the use of privileged financial information about JBS stocks and currencies in the Brazilian market. A lower court denied another release request last…
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