Lyon/Paris|Reuters — A French court upheld on Thursday a 2012 ruling in which Monsanto was found liable in the chemical poisoning of a French farmer, who says he suffered neurological problems after inhaling the U.S. company’s Lasso herbicide. The decision by an appeal court in Lyon confirmed the initial judgment, the first such case heard in court […] Read more
French court upholds Monsanto poisoning ruling
U.S. farmers unlikely to book sales off the combine this fall
Chicago | Reuters –– Cash market sales of corn and soybeans will probably be slow around the U.S. this fall as weakness in the futures market and crumbling basis levels have left prices well below growers’ targets and threatened profitability. But the downturn has not killed farmers’ hopes for a fall rally, even with expectations […] Read more
CBOT weekly outlook: Corn, soy trade up, but fundamentals bearish
CNS Canada — Despite short-term bullish factors in Chicago Board of Trade (CBOT) corn and soybeans, one analyst anticipates prices will be pressured in coming weeks. To start the week, a turnaround in crude oil markets supported prices, said Terry Reilly, senior commodity analyst at Futures International. Rebounds in Malaysian palm oil prices are also […] Read more
El Nino seen pushing Argentina into planting more soy, less corn
Buenos Aires | Reuters — The El Nino weather phenomenon is expected to start dumping torrential rains on Argentina next month, pushing farmers to plant more low-cost soy and less corn despite concern over lack of crop rotation in one of the world’s main food suppliers. Argentina, the No. 1 exporter of soymeal livestock feed […] Read more
CBOT weekly outlook: Corn, soybeans bearish on economic woes
CNS Canada — CBOT (Chicago Board of Trade) corn and soybean futures have abandoned fundamental trading in favour of moving alongside macro-markets, which for the most part are bearish. “It’s not all doom and gloom, but it sure isn’t pretty right now,” said Scott Capinegro, president at Barrington Commodity Brokers. Outside influencers have been prevalent […] Read more
Chipotle sued over GMO-free menu claims
Reuters — Chipotle Mexican Grill’s new GMO-free menu claims have lured diners and boosted the burrito chain’s stock price, but it has some consumers crying foul. A California woman has accused the popular chain in a lawsuit of false advertising after it trumpeted on April 27 that it was the first national restaurant company to […] Read more
Latvia, Greece win opt-out from Monsanto GM crop
Brussels | Reuters — Monsanto said it would abide by Latvia’s and Greece’s requests under a new EU opt-out law to be excluded from its application to grow a genetically modified (GM) crop across the European Union, but accused them of ignoring science. Under a law signed in March individual countries can seek exclusion from […] Read more
Monsanto, rivals eye next step after Syngenta deal collapse
Chicago | Reuters –– Monsanto, having ditched an audacious US$46 billion offer for Syngenta, may downshift to a humbler strategy of beefing up its crop protection portfolio through other acquisitions, partnerships and licensing agreements. The deal’s collapse leaves Monsanto, Syngenta and other agrochemical sector companies facing a bleak landscape of plummeting grain prices and farm […] Read more
CBOT weekly outlook: Corn, soy to return to weather-based trading
CNS Canada — The biggest factor in Chicago Board of Trade (CBOT) corn and soybean trading has been the recent volatility in global markets. Once those concerns diminish, however, commodities will start moving with weather again — which is mostly bearish, according to one analyst. “Our markets, really, if you look at it, have fared […] Read more
Monsanto sweetens offer for Syngenta
New York/Chicago | Reuters — U.S.-based Monsanto sweetened its offer to buy Switzerland’s Syngenta, valuing the company at around US$47 billion as it tries to lure the Swiss firm to the negotiating table, a person familiar with the matter said on Monday. Monsanto, which wants to combine its world-leading seeds business with Syngenta’s own seeds […] Read more
Cyber-Savvy Farmer
