Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts posted substantial gains during the week ended Wednesday, taking strength from a rally in the soy complex. Both front-end contracts rose $17 on the week, with the March contract jumping from $498 at its Jan. 11 close to settle at $515 a week later. Weather concerns in […] Read more
ICE weekly outlook: Weather trumps Trump on canola
Bayer, Monsanto confirm spending plans after meeting Trump
Reading Time: < 1 minute Frankfurt | Reuters –– Bayer and Monsanto said Tuesday they would spend at least half of their agriculture research and development budget in the U.S. over the next six years, following a meeting with U.S. president-elect Donald Trump last week. The two companies, which are awaiting approval of their agreed US$66 billion deal from Trump’s […] Read more
U.S. grains: Soybeans set six-month top
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures rose about two per cent on Tuesday, touching a six-month high on worries about excessive rains in Argentina crimping production prospects, analysts said. Corn and wheat followed the firm trend, drawing additional support from a setback in the dollar. Chicago Board of Trade March soybeans settled up 23 […] Read more
U.S. farmers ask Trump to stay the course on Cuba
Reading Time: 2 minutes Havana | Reuters — Dozens of U.S. farm and agribusiness groups on Thursday urged President-elect Donald Trump to build upon progress made by the Obama administration in relations with Cuba, calling trade with the former Cold War foe particularly important at a time of a severe downturn in farm incomes. The agricultural trade groups stated […] Read more
As Trump meets biotech CEOs, farm advisers fret over empty USDA spot
Reading Time: 3 minutes Chicago | Reuters — U.S. President-elect Donald Trump has left the agriculture secretary as the last department head to be named to his cabinet, while a meeting with the chief executives of two agribusiness giants gave a hint at a roster of farm issues the incoming president will face. Trump met on Wednesday with the […] Read more
Protectionism game comes with raised economic stakes: Frum
Reading Time: 3 minutes As U.S. president-elect Donald Trump’s inauguration day approaches, the business world is pondering how the new administration might affect the world economy. Trump’s pride in his unpredictability is troubling, given he’s the president-elect, said David Frum, political commentator, former speechwriter for President George W. Bush, and a senior editor for Washington-based magazine The Atlantic. However, […] Read more
Trudeau to shuffle Dion out of foreign affairs
Reading Time: 2 minutes Ottawa | Reuters –– Canadian Prime Minister Justin Trudeau will shuffle his cabinet this week and is set to move Foreign Minister Stephane Dion, who ran into political trouble last year, a person with knowledge of the matter said on Monday. “Dion is out,” said the person, who requested anonymity because of the sensitivity of […] Read more
Trump leaning toward Georgia ex-governor to lead USDA
Reading Time: < 1 minute Washington | Reuters — Former Georgia Governor Sonny Perdue is U.S. Republican President-elect Donald Trump’s leading candidate to run the U.S. Department of Agriculture, a senior Trump transition team official said on Monday. Perdue, a Democrat-turned-Republican who founded a grain and fertilizer business, served on Trump’s agricultural advisory committee during his presidential campaign. The official […] Read more
Monsanto shareholders back Bayer deal
Reading Time: 2 minutes Chicago | Reuters –– Shareholders of U.S. seeds and agrochemicals company Monsanto approved the company’s US$66 billion acquisition by Bayer on Tuesday, a deal that still requires regulatory approval to close as expected in late 2017. Increased research and development spending by the combined companies and plans to develop a global seeds and biotechnology hub […] Read more
Trump win unlikely to impact Dow deal, DuPont CEO says
Reading Time: 2 minutes Boston | Reuters — DuPont CEO Ed Breen said on Thursday the incoming administration of U.S. President-elect Donald Trump is not likely to have an impact on his company’s planned merger with rival Dow Chemical. While Trump was critical of other large mergers during the campaign, Breen said many U.S. Justice Department officials reviewing the […] Read more
A message from April Stewart, Country Guide's Associate Editor
