(Reuters) — Monsanto Co. reported a six percent drop in quarterly profit on Wednesday, but shares of the world’s largest seed company climbed more than five percent as it raised the low end of its fiscal-year outlook and said it planned to double earnings over the next five years. The company also announced a $10 […] Read more
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Monsanto profit falls, but shares rise on bullish outlook
Cargill executive chairman wary of carbon tax to fight climate change
CHICAGO (Reuters) — Cargill Inc. executive chairman Gregory Page said on Tuesday he would not commit to a carbon tax as one of the steps needed to adapt to damaging climate change but it was a “prescription” that agribusiness will have to evaluate.” Page, part of a new group dubbed “Risky Business,” formed to encourage […] Read more
Select beef price at record high, on supply woes, grilling demand
By Theopolis Waters CHICAGO, June 24 (Reuters) – The price of select-grade U.S. beef at wholesale rose to an all-time high on Tuesday, fueled by a prolonged shortage of cattle and grocers gearing up for the summer grilling season, analysts said. Select beef is typically less expensive than Choice cuts because it is leaner and […] Read more
CME hogs and live cattle futures set new record
By Theopolis Waters CHICAGO, June 24 (Reuters) – Chicago Mercantile Exchange hog futures soared to a new high on Tuesday after tight supplies forced packers to hike bids for market-ready animals, traders said. CME live cattle futures also closed up sharply led by select beef prices that hit an all-time high amid tight supplies, the […] Read more
BNSF, CP railroads ordered to report U.S. grain shipping plans
(Reuters) — U.S. officials ordered BNSF Railway Co. and Canadian Pacific Railway Co. to report by Friday their plans to clear a backlog of grain cars after months of service delays blamed on harsh winter weather and high freight demand. The U.S. Surface Transportation Board decision filed late last week also ordered that the two […] Read more
Russia’s grain sales ahead of usual pace, Ukraine lagging
LONDON/MOSCOW, June 24 (Reuters) – Russian new crop grain sales are ahead of usual levels for this time of the season as a combination of a decent harvest outlook and a credit crunch prompts some farmers, afraid of future price declines, to accelerate selling. This is in contrast to neighbouring Ukraine, where political upheaval has […] Read more
Hantavirus death reported in Saskatchewan
Saskatchewan health officials today confirmed a fatal case of hantavirus. The death occurred in an adult in southern Saskatchewan. Officials did not provide more details. Hantavirus is rare but the severe pulmonary syndrome form can cause death. There have been 27 cases reported in the last 20 years; nine of those were fatal. People can […] Read more
Syngenta shares jump on report of Monsanto takeover talks
ZURICH, Switzerland (Reuters) — Syngenta’s shares jumped today after a media report that the Swiss crop chemical maker had been in talks about a $40 billion takeover by U.S. rival Monsanto Co. to create the world’s largest agrochemical company. Monsanto, the world’s largest seed company, and Syngenta had held preliminary talks about combining, partly to […] Read more
VIDEO: World Congress on Conservation Agriculture – UPDATED
The sixth World Congress on Conservation Agriculture is now taking place in Winnipeg, bringing together “conservation agriculture” experts from across the globe. Lots are farmers, which is a nice recognition of the pioneering role farmers played in evolving the farming systems that are allowing farmers to produce food on a finite amount of land without […] Read more
Attendance up at Farm Progress Show
Canada’s Farm Progress Show wrapped up three soggy days June 20 with strong domestic and international attendance. Final figures weren’t available, but opening day saw a 20 percent increase year over year and the second day was also up slightly year over year. The rain kept farmers off their fields and able to attend the […] Read more
