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Cereals, Crops

‘New’ Cereals Canada names board, chair

The merged Cereals Canada/Cigi unit held its first annual meeting

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Alberta farmer Todd Hames was elected Monday as the chair of the board for the recently reconstituted Cereals Canada, at its first-ever annual meeting. The ‘new’ Cereals Canada was created June 1 when it and the Canadian International Grains Institute (Cigi) amalgamated after two years of discussions and the approval of their respective boards April […] Read more
Cereals, Crops

Cigi, Cereals Canada vote to close merger deal

Merged body to take latter group's name; next step, naming a CEO

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The proposed merger between Cigi and Cereals Canada has taken one of its final steps forward, with votes of approval from both organizations’ memberships. The two Winnipeg-based not-for-profit organizations announced Tuesday their memberships have approved “the amalgamation of both organizations under a unified governance and management structure.” Terms of the merger call for the consolidated […] Read more
Crops

Manitoba growers approve five-way commodity group merger

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Manitoba grain growers represented by five separate commodity organizations have voted to greenlight a merger they now expect to make official by August. A total of 165 ballots were cast Wednesday and Thursday during the groups’ annual general and special meetings at the CropConnect conference in Winnipeg, with members at the various events voting between […] Read more
Crops, Reuters

Syngenta owner ChemChina to merge ag assets with Sinochem’s

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Zurich | Reuters — ChemChina and Sinochem are consolidating their agricultural assets into a new holding company to be called Syngenta Group, ChemChina unit Syngenta said on Sunday. Chen Lichtenstein, current CEO of Shenzhen-listed crop protection company Adama, which will also be incorporated into the new group, will be nominated chief financial officer of the […] Read more
Cereals, Crops

Cigi, Cereals Canada agree to pursue amalgamation

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The boards of the Canadian International Grains Institute (Cigi) and Cereals Canada have agreed to pursue amalgamation by March 31, 2020. That’s if a proposal, yet to be developed, is approved by the two bodies’ member organizations, leaders Dean Dias and Cam Dahl, said Friday in separate interviews. “During the past week, both boards have […] Read more
Crops, Reuters

With deal to close this week, Bayer to retire Monsanto name

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Frankfurt | Reuters — Germany’s Bayer will wrap up the US$63 billion takeover of Monsanto on Thursday and also retire the U.S. seed and chemical firm’s 117-year-old name. The German drugmaker had received all required approvals from regulatory authorities, it said in a statement on Monday. “Bayer will remain the company name. Monsanto will no […] Read more
Crops, Reuters

Nutrien sees demand growth cooling, margins shrinking

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Reuters — Nutrien, the Canadian fertilizer and farm supply dealer created from the merger of Agrium and PotashCorp this year, said it expected demand growth for potash in China and India to cool down in 2018. Nutrien, the world’s biggest fertilizer company by capacity, also said higher input costs would shrink nitrogen and phosphate margins. […] Read more
Crops, Markets, Reuters

ADM in talks to buy Bunge as early as this week

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Reuters — Top U.S. grains merchant Archer Daniels Midland could reach an agreement to buy smaller rival Bunge as early as this week, Bloomberg reported on Monday, citing unnamed sources familiar with the matter. The potential deal comes as large grain traders that make money by buying, selling, storing and shipping commodity crops have struggled […] Read more
Crops

PotashCorp, Agrium get last blessing for Jan. 1 wedding

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Two major Canadian players in the global fertilizer industry now have what they say is the final blessing they need to close their merger deal Jan. 1, on two already-met conditions. Saskatoon-based Potash Corporation of Saskatchewan and Calgary-based Agrium Inc. announced Wednesday they’ve received clearance from the U.S. Federal Trade Commission (FTC) to close their […] Read more

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