Frankfurt | Reuters — Three of Bayer’s largest German investors said the drugmaker’s embattled management needed to stay at the helm to avoid further upheaval, despite their unease over a share price slump in the wake of the US$63 billion Monsanto takeover. The backing for CEO Werner Baumann comes after an unprecedented rebuke at the […] Read more
Investors call for reprieve for Bayer bosses after AGM rebuke
Bayer shareholders vent ire over Monsanto-linked stock rout
Bonn | Reuters — Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s US$63 billion takeover of seed and chemical firm Monsanto. Several large investors said they will not support aspirin invesotr Bayer’s management in a key vote scheduled for the end of its […] Read more
Alberta ag minister Carlier downed in UCP win
Alberta’s incumbent agriculture minister was among the casualties as Jason Kenney’s United Conservative Party defeated Rachel Notley’s New Democrats in Tuesday night’s provincial election. Oneil Carlier, the provincial NDP government’s minister of agriculture and forestry since May 2015 and deputy government house leader since February 2016, was unseated in his riding of Lac Ste. Anne-Parkland […] Read more
Prairies can expect unexpected from El Nino this summer
MarketsFarm — The U.S. National Weather Service Climate Prediction Center on Thursday reported a 65 per cent chance of El Nino prevailing throughout 2019’s growing season. “A weak El Nino is likely to continue through the Northern Hemisphere summer 2019 (65 per cent chance) and possibly fall (50-55 per cent chance),” the CPC’s report said. […] Read more
Here’s what the beef industry says about its water use
The amount of water needed to produce a pound of beef looks high — until you hear the whole story
Reading Time: 5 minutes Editor’s note: This article from the Beef Cattle Research Council makes the case that beef production has a much lighter ‘water footprint’ than critics charge and provides a number of environmental benefits. It has been condensed and lightly edited. The full article is at www.beefresearch.ca. Yes, it takes water to produce beef, but in the […] Read more
Flood concerns ease across Prairies outside southern Manitoba
MarketsFarm — A slower-than-normal spring melt has helped to alleviate most flood concerns across the Prairies, except in southern Manitoba. That part of Manitoba, especially the Red River Valley south of Winnipeg, isn’t out of the woods just yet. Flooding may still reach levels on par with high water levels reached in 2009, according to […] Read more
Rising diesel prices coming
MarketsFarm — Higher diesel prices are on the horizon for Canada and the U.S. in 2019. GasBuddy.com senior petroleum analyst Dan McTeague pointed to an increase in overall demand, combined with a slowdown in heavy oil production and the federal carbon tax as well as pending IMO 2020 regulations — that is, the International Marine […] Read more
Converting hay land to crops in spring is challenging
Fertility, soil moisture, herbicide applications, and a substantial seeding delay must all be considered
Reading Time: 2 minutes Producers should consider a number of factors before deciding to terminate hay land to seed an annual crop. “Traditionally, forage stands have been terminated in the fall by using one of three approaches — tillage only, herbicide application combined with tillage, and herbicide application followed by direct seeding into sod,” said provincial crop specialist Mark […] Read more
Klassen: Feeder market balancing many variables
Compared to last week, western Canadian yearling markets traded steady to $3 higher while calves were $4 lower to $5 higher depending on the region. Weakness in the live and feeder cattle futures contributed to the variable price structure; however, Alberta packers were buying fed cattle in the range of $268-$270 on a dressed basis, […] Read more
DowDuPont completes spinoff of materials science unit
Reuters — DowDuPont said Monday it had completed the spinoff of its materials science division as part of a plan to split the chemical producer into three separate units. Shares of the new division, Dow, will begin trading on the New York Stock Exchange on Tuesday. Dow and Dupont completed a US$130 billion merger in […] Read more
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