GFM Network News


A freight train at Manchac, La., about 75 km east of Baton Rouge. (CN.ca)

CN challenges CP with Kansas City Southern bid

KCS shareholder warns U.S. regulator 'doesn't like overlap'

Reuters — Canadian National Railway said on Tuesday it had offered to buy Kansas City Southern railroad for about US$33.7 billion, sending shares of the U.S. rail company soaring as investors anticipated a bidding war with Canadian Pacific Railway. CP had agreed a deal to acquire Kansas City Southern for about $25 billion last month […] Read more

CBOT weekly outlook: Markets prepare for Laura

CBOT weekly outlook: Markets prepare for Laura

Hurricane approaching U.S. Gulf Coast

MarketsFarm — Hurricane Laura, currently a Category 3 hurricane, is expected to hit the U.S. Gulf Coast late Wednesday or early Thursday but the Chicago Board of Trade is already feeling its effects. “It’s going to bring widespread rain and flooding to the Delta region, where unharvested rice, corn and soybean crops may feel a […] Read more


File photo of a Mississippi soybean field with glyphosate-resistant amaranth. (Yanbo Huang photo courtesy ARS/USDA)

Bayer scraps plans for U.S. dicamba production

Move unrelated to court ruling, company says

Chicago | Reuters — Bayer said on Tuesday it will scrap a nearly US$1 billion project to produce dicamba in the United States, but said the move is unrelated to a federal court decision that blocked sales of dicamba-based herbicides. The German-based company is moving to save cash as it wages an expensive legal battle […] Read more