Frankfurt | Reuters — Canada’s PotashCorp said it was confident of addressing concerns raised by K+S over its 7.9 billion euro (C$11 billion) takeover proposal for the German potash miner, giving K+S’s stock a boost. K+S rejected PotashCorp’s proposed bid as too low on Thursday, saying its suitor could be planning to dismantle and shrink […] Read more
PotashCorp says can address K+S concerns about tie-up
Smoke provides cover to dry Sask. fields, real clouds preferred
CNS Canada –– Over 100 forest fires burning in northern Saskatchewan — and the resulting smoke cover — may be bringing a little relief from dryness to growers further south. But silver linings are tarnished at best, as a dry outlook for July means the province won’t move past its drought concerns anytime soon. Forest […] Read more
Baking, parched fields set to trim EU wheat harvest
Paris | Reuters — A heatwave in Western Europe is adding to stress on wheat crops after a dry end to spring and reducing what had been very high yield potential only a month ago. Record temperatures for early July at around 40 C in parts of France unnerved traders in the European Union’s top […] Read more
U.S. wheat futures seen stalling
CNS Canada –– U.S. wheat futures posted solid gains over the month of June but appear to be stalling out in the early days of July as the market looks for more fresh supportive news. “The bull needs to be fed every day, and right now it’s not getting anything to keep it going,” said […] Read more
No need seen for new EU rules to protect butterflies from GM crops
Brussels | Reuters — European food safety officials found there was no need to widen buffer zones around genetically modified (GM) crops even though research shows pollen from GM maize can travel kilometres further than previously thought. The buffer zones to protect vulnerable species, such as butterflies, have been part of heated debate in Europe […] Read more
White House directs U.S. GMO regulators to update oversight
Reuters — The White House on Thursday directed the three U.S. agencies that oversee biotech crop products to improve and modernize their regulatory “framework” to boost public confidence in a system that critics call a failure. The order, announced in a statement by President Barack Obama’s Office of Science and Technology Policy, followed demands by […] Read more
Guenther: Manage risks around weather-stressed pastures, forages
Mother Nature has dealt a weak hand to many northwestern Saskatchewan livestock producers this year as frost, a cool spring and dry weather have hit pastures and hay stands. But there are still a few strategies for producers to make the best — and avoid the worst — of what the weather has left them. […] Read more
Sask. extends greenfeed seeding deadline
Livestock producers in parched areas of Saskatchewan now have until mid-month to seed insured acres to cereal greenfeed. The federal and provincial governments on Thursday announced an extension of Saskatchewan Crop Insurance Corp.’s deadline for seeding greenfeed to July 15, from June 30. Producers signed up for crop insurance will now be able to seed […] Read more
K+S rejects PotashCorp takeover offer as too low
Frankfurt | Reuters –– German potash miner K+S rejected PotashCorp’s 7.9 billion-euro (C$11 billion) takeover bid Thursday, saying it was too low and the Canadian suitor could be planning to dismantle the company, putting jobs at risk. K+S, owner of the Morton Salt brand, said the proposal lacked firm commitments to protect the more than […] Read more
U.S. grains: Weather uncertainty lifts corn to six-month peak
Chicago | Reuters –– U.S. corn futures rose to a six-month peak on Thursday, adding to strong gains earlier in the week as adverse weather in parts of the U.S. Midwest and Western Europe threatened crops. Prices for soybeans and wheat were mixed as investors squared positions ahead of the U.S. Independence Day holiday weekend […] Read more
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