Chicago | Reuters –– Agrichemical company Monsanto plans to shutter three research and development centers in 2016 with a loss of about 90 jobs, it said Monday, as it restructures operations to cut costs in a slumping agricultural commodity market. The centers are in Middleton, Wisconsin, and Mystic, Connecticut, both of which focus on seed […] Read more
Monsanto to shut three R+D centres next year
Feed: Cheap Brazilian corn bound for U.S.
CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Tuesday, Oct. 27. • CBOT corn futures were weaker on Tuesday, with the December contract quoted at US$3.8025 per bushel at midsession, as the advancing U.S. harvest weighed on values. • Sorghum production in Mexico “has been plagued […] Read more
U.S. livestock: CME live cattle, hogs sag while digesting meat warnings
Chicago | Reuters — Chicago Mercantile Exchange live cattle futures closed lower on Monday, following last Friday’s cash prices that fell short of expectations and worries over potential consumer response to news about a possible tie to red meat and cancer risk, traders said. The World Health Organization (WHO) warned that eating processed meats can […] Read more
Indonesia’s president says country intends to join TPP
Washington | Reuters –– Indonesian President Joko Widodo, speaking after a meeting with U.S. President Barack Obama on Monday, said his country intends to join the Trans-Pacific Partnership trade deal the U.S. has forged with Canada and 10 other countries. “We are the largest economy in Southeast Asia,” Widodo said through a translator. “And Indonesia […] Read more
Feed: U.S. cattle on feed edge up
CNS Canada –– Following are a few highlights in the Canadian and world feed grains markets on Monday, Oct. 26. • CBOT corn futures were stronger on Monday, with the December contract quoted at US$3.845 per bushel, as a rally in wheat provided spillover support. However, the advancing US harvest and generally improving yield prospects […] Read more
Processed meat can cause cancer, red meat probably can: WHO
Paris | Reuters — Eating processed meat can lead to bowel cancer in humans while red meat is a likely cause of the disease, World Health Organisation (WHO) experts said on Monday in findings that could sharpen debate over the merits of a meat-based diet. The France-based International Agency for Research on Cancer (IARC), part […] Read more
Sept. U.S. feedlot cattle placements near 20-year low
Chicago | Reuters — The number of cattle moved into U.S. feedlots in September fell to its lowest since the government began compiling the data in 1996, a U.S. Department of Agriculture report showed on Friday. Last month’s placement results were nearly in line with analysts’ forecasts, mostly based on the fall in prices for […] Read more
Feed: China expected to cut back on corn stockpiles
CNS Canada — Following are a few highlights in the Canadian and world feed grains markets on Friday, Oct. 23. • Corn futures at the Chicago Board of Trade were down one to two cents in early activity on Friday as strength in the U.S. dollar weighed on the commodity. • Cash prices for delivered […] Read more
Dow reviews options for farm chemical/seeds unit
Reuters — Dow Chemical said it would “review all options” for its farm chemicals and seeds unit, which has reported falling sales for nearly a year, and suggested that it might buy Corning’s stake in a silicon joint venture. Dow is also selling its stake in a Kuwaiti JV that produces a chemical used in […] Read more
Global markets: Apple in China, U.S. oil rig flatlining
CNS Canada –– The following is a glance at the news moving markets globally. APPLE CEO SAYS HE IS NOT WORRIED ABOUT OPENING STORE IN CHINA — Apple CEO Tim Cook has said he is not concerned about opening a new store in China, despite the country’s recent economic downturn. China has seen losses in […] Read more
Cyber-Savvy Farmer
