Five Manitoba-based crop producer associations, nearly all of which already work out of the same building, have a memorandum of understanding to work toward forming a single merged grower group. The Manitoba Corn Growers Association (MCGA), Manitoba Pulse and Soybean Growers Association (MPSG), National Sunflower Association of Canada (NSAC) and the Manitoba Wheat and Barley […] Read more
Manitoba crop groups officially on merger track
Asset sale plan secures EU backing for Dow, DuPont merger
Reuters — Dow Chemical and DuPont won the blessing of the European Union for their US$130 billion merger on Monday by agreeing to sell substantial assets including key research and development activities. The European Commission had been concerned that the merger of two of the biggest and oldest U.S. chemical producers would leave few incentives […] Read more
EU regulators said set to clear Dow, Syngenta deals next week
Brussels | Reuters — EU antitrust regulators are set to clear the US$130 billion Dow Chemical and DuPont merger and ChemChina’s US$43 billion bid for Syngenta next week, people familiar with the matter said Thursday. The European Commission could announce its approvals for both companies at the same time either Monday or Tuesday, the people […] Read more
Bayer, Monsanto start asset sale toward merger clearance
Frankfurt | Reuters — German drug and crop chemical maker Bayer and U.S. seeds company Monsanto are launching asset sales worth roughly US$2.5 billion as they seek regulatory clearance for their US$66 billion merger, people close to the matter said. To kick off an auction process, Bayer’s advisors will send out information packages next week […] Read more
Dow’s ledger benefits as economic growth boosts demand
Reuters — Dow Chemical, which is merging with DuPont, reported strong fourth-quarter results and gave an upbeat forecast for the current quarter as its focus on consumer markets benefits from improving economic growth worldwide. The seeds and chemical maker said improving growth in the United States, Latin American and Europe, besides steady Asia growth, would […] Read more
Potash prices look lower for longer as competition overheats
Reuters — The deepest slump in a decade for the oversupplied potash fertilizer market may abate only slightly in 2017, major producers say, and could take years to correct due to the imminent startup of new mines. PotashCorp, the world’s biggest fertilizer producer, forecast a less profitable year on Thursday than analysts expected, and reported […] Read more
DuPont expects Dow merger to close later than expected
Reuters — Chemicals and seeds producer DuPont indicated on Tuesday that its $130 billion merger with Dow Chemical will take longer to wrap up than previously expected as the companies await regulatory approvals. This is the second time that the two companies, which are in talks with the European Union’s antitrust regulators, have had to […] Read more
Monsanto swings to profit on South American demand
Chicago | Reuters — U.S. seeds and agrochemicals company Monsanto, in the process of being bought by Germany’s Bayer for US$66 billion, swung to a quarterly profit, helped by higher demand from South America. Sales of soybe2an seeds and traits jumped 37 per cent as more farmers in South America sowed the company’s genetically modified […] Read more
Monsanto shareholders back Bayer deal
Chicago | Reuters –– Shareholders of U.S. seeds and agrochemicals company Monsanto approved the company’s US$66 billion acquisition by Bayer on Tuesday, a deal that still requires regulatory approval to close as expected in late 2017. Increased research and development spending by the combined companies and plans to develop a global seeds and biotechnology hub […] Read more
Trump win unlikely to impact Dow deal, DuPont CEO says
Boston | Reuters — DuPont CEO Ed Breen said on Thursday the incoming administration of U.S. President-elect Donald Trump is not likely to have an impact on his company’s planned merger with rival Dow Chemical. While Trump was critical of other large mergers during the campaign, Breen said many U.S. Justice Department officials reviewing the […] Read more
Cyber-Savvy Farmer
