Reuters — Dow AgroSciences said Wednesday it will restrict sales of its new genetically modified corn and soybeans to prevent them from entering U.S. domestic or international grain marketing channels as it awaits import approval from China. The move by the agricultural unit of Dow Chemical is aimed at avoiding the type of market turmoil […] Read more
Dow limits sales of GM soy, corn on China worries
Monsanto settles U.S. farmers’ suits over experimental wheat
Reuters — Monsanto Co. said Wednesday it reached a settlement with U.S. wheat farmers who sued the seed company over market disruption after unapproved genetically engineered wheat was discovered growing without oversight in Oregon. Monsanto’s Roundup Ready wheat, which was never approved by U.S. regulators and which the company said it stopped testing a decade […] Read more
EU moves step closer to law on national GMO crop bans
Brussels | Reuters — EU politicians on Tuesday backed a plan to allow nations to ban genetically modified crops on their soil even if they are given approval to be grown in the European Union, raising the chance their use will remain limited on the continent. Widely grown in the Americas and Asia, GM crops […] Read more
Australian farmers hold back wheat sales as dryness curbs yields
Reuters — Australian farmers are holding back wheat crop sales as dryness in parts of the country’s eastern grain belt cuts yields, raising the likelihood for a boost to global prices that have dropped 13 per cent this year. Farmers in the world’s fourth biggest wheat exporter have sold only about a quarter of this […] Read more
Ag Growth to buy bin maker Westeel for $221.5M
Grain bin manufacturer Westeel is on deck to become part of Prairie grain handling equipment company Ag Growth International’s bin of manufacturers. Winnipeg-based AGI announced Tuesday it’s signed an acquisition deal with Westeel’s owner Vicwest Inc. and Irish building materials manufacturer Kingspan Group. Kingspan said Tuesday it will buy Winnipeg-based Vicwest for $12.70 cash per share, […] Read more
ICE weekly outlook: Canola mixed, watching beans
CNS Canada — ICE Futures Canada canola contracts were mixed during the week ended Wednesday, with losses in the front months and a firmer tone in some of the more deferred positions. The most active January contract lost $5.40 per tonne during the week, while the March contract was only down 40 cents. As a […] Read more
U.S. grains: Soybeans retreat from multi-month highs
Chicago | Reuters –– Chicago Board of Trade soybean prices fell on Wednesday, retreating from multi-month highs on profit-taking, farmer selling and rumours of South American soymeal cargoes being shipped to the U.S., traders said. Wheat prices rose on concerns that a cold spell in the U.S. Plains and Midwest could halt early crop growth, […] Read more
U.S. livestock: Beef quotes boost CME live cattle futures
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed higher on Wednesday following a snapback in wholesale beef prices, traders said. December closed up 0.5 cent per pound at 167.75 cents, and February 1.175 cents higher at 169.575 cents (all figures US$). The morning’s choice wholesale beef price rose $1.70 per hundredweight (cwt) […] Read more
Man. cattle producers get AgriRecovery feed assistance
Eligible livestock producers in parts of Manitoba excessively soaked during the growing season will get federal/provincial backing to buy and haul feed and forage. The federal and provincial governments on Wednesday announced AgriRecovery funding for what they call the 2014 Canada-Manitoba Forage Shortfall and Transportation Assistance Initiative. The program will offer support worth up to […] Read more
Minogue: Precision farming seeks new converts at new price point
Silicon Valley venture capital firm Kleiner Perkins Caufield + Byers is investing in ag technology with a new stake in Farmers Edge — which in turn now hopes to build its services’ popularity through more attractive pricing. Winnipeg-based Farmers Edge is one of a number of companies hoping to profit from new technology by packaging data solutions […] Read more