(Dave Bedard photo)

Monsanto surprises with adjusted profit as expenses drop

Reading Time: 2 minutes Reuters — U.S. seeds and agrochemicals company Monsanto, which agreed last month to be bought by Germany’s Bayer for US$66 billion, reported a surprise adjusted profit, helped by a drop in expenses and higher corn seed volumes. Monsanto agreed in September to a sweetened $128-per-share offer from Bayer that, if approved by regulators, would create […] Read more

(EC.europa.eu)

EU’s Juncker seeks to win over Austria on CETA

Reading Time: 2 minutes Strasbourg | Reuters –– European Commission President Jean-Claude Juncker expressed optimism on Wednesday that EU governments would agree a contentious free trade deal this month ahead of a meeting with a skeptical Austrian chancellor. Juncker said the EU needed to ensure that a deal agreed with Canada two years ago entered into force in a […] Read more


(Dave Bedard photo)

Cargill profit jumps on beef demand, grain margins

Reading Time: 2 minutes Reuters — Global commodities trader Cargill reported a sharply higher quarterly net profit on Tuesday, helped by rising beef demand and stronger grain trading and processing margins. The privately held company’s net income rose 66 per cent to $852 million in the first quarter ended Aug. 31 from $512 million a year earlier (all figures […] Read more

(Dave Bedard photo)

Canada unveils carbon price, energy-producing provinces unhappy

Reading Time: 2 minutes Reuters — Canada’s federal government on Monday vowed to bring in a minimum price on carbon emissions by 2018, prompting one energy-producing province to threaten legal action and another to demand approval of an oil pipeline in return. Liberal Prime Minister Justin Trudeau, who took power last November promising to do more to protect the […] Read more


(PortOfChurchill.ca)

Development fund set up for Churchill

Reading Time: 2 minutes The federal Western Economic Diversification (WD) department will put up $4.6 million for economic development work at and around Churchill, Man. after grain export operations were suspended at the town’s Hudson Bay port. Navdeep Bains, the federal minister responsible for WD, announced the new fund Friday at Churchill, saying it will back “projects that grow […] Read more

(LouisDreyfus.ca)

Louis Dreyfus stems profit slide, but headwinds persist

Reading Time: 2 minutes Paris | Reuters — Agricultural trading giant Louis Dreyfus Company eked out a small rise in 2016 first-half net profit, saying steady shipped volumes helped it weather another tough period in commodity markets. Louis Dreyfus has been grappling with ample supply, lower prices and slower economic growth that have cut margins, while also going through […] Read more


(Deere.ca)

Deere dealer chain Cervus to seek real estate buyer

Reading Time: 2 minutes Prairie farm machinery dealer chain Cervus Equipment Corp. plans to sell about 10 properties where it now operates dealerships and become their long-term tenant. The publicly-traded Calgary company, which operates 72 farm and industrial equipment dealerships in Canada, Australia and New Zealand, said Tuesday it plans to seek out a sale-and-leaseback deal for about 10 […] Read more



(Dow.com)

Agricultural merger mania fuels fears among small seed sellers

Reading Time: 3 minutes Chicago | Reuters — The U.S. Justice Department is looking into concerns that global consolidation among major seed and agricultural chemical companies may squeeze supplies of the building blocks for widely used genetically modified seeds, a farm group told Reuters. The department has asked the American Soybean Association for details about how small and independent […] Read more

Harvest of Newfoundland’s first-ever canola crop, a 30-acre field at Pasadena, N.L. was underway Friday. (Gov.NL.ca)

Newfoundland harvests first canola crop

Reading Time: 2 minutes Researchers in Newfoundland are set to test the oil and meal quality of the province’s first-ever canola crop after its harvest on Friday. The 30-acre research plot at Pasadena, N.L., about 30 km east of Corner Brook, “grew exceptionally well, surpassing our researcher’s expectations,” Steve Crocker, the province’s minister of fisheries, forestry and agrifoods, said […] Read more