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CN, CP both over revenue limits for 2014-15 grain haul

Canada’s big two railways will both be required to hand over seven figures in Prairie grain revenue from the 2014-15 crop year after taking in more than their federally-allowed maximums. The Canadian Transportation Agency on Tuesday ruled Canadian National Railway and Canadian Pacific Railway (CN, CP) exceeded their grain revenue entitlements for the crop year

Crops, Markets

Trends for 2016: Pulses expected to steal acres from cereals

By GFM Network News, Jade Markus December 23, 2015

CNS Canada — Canadian farmers are expected to seed more pulse crops at the expense of cereals in 2016, according to early projections from industry experts looking at current market trends. “Definitely we’ll see an increase in pulse crop acreage,” said Bruce Burnett, weather and crop specialist at G3 Canada. Lentils and peas are seeing

Livestock, Weather

Wild bees seen dwindling in main U.S. crop regions

By GFM Network News, Will Dunham December 21, 2015

Washington | Reuters — Wild bees, crucial pollinators for many crops, are on the decline in some of the main agricultural regions of the U.S., according to scientists who produced the first national map of bee populations and identified numerous trouble spots. The researchers on Monday cited 139 counties as especially worrisome, with wild bee

Crops, Markets

Saskatchewan farmland off limits for pension plans next month

By GFM Network News, Reuters December 21, 2015

Reuters/Staff — New rules for buying farmland in Saskatchewan, Canada’s biggest wheat- and canola-growing province, will take effect Jan. 4, and toughen its ban on pension plans investing, the provincial government said Monday. The changes make more explicit an existing ban on pension plans and trusts from buying land and continue to limit purchases of

Crops

CP revises hostile bid for Norfolk Southern, again

By Allison Lampert, Euan Rocha, GFM Network News December 16, 2015

Reuters — Canadian Pacific Railway slammed railway Norfolk Southern on Wednesday, accusing it of misleading investors even as CP executives rolled out a new bid with increased shareholder protections to acquire the U.S.-based railroad. Executives from Canada’s second-largest railroad said the deal is now in the hands of Norfolk Southern’s shareholders, and urged its board

Crops

Norfolk Southern rejects CP’s revised offer

By GFM Network News, Reuters December 15, 2015

Reuters — U.S. railroad operator Norfolk Southern has formally rejected a revised offer from Canadian Pacific Railway (CP), raising the prospect of a proxy battle. CP shareholder Bill Ackman said last week that CP CEO Hunter Harrison and he have both been sounded out by activists interested in a proxy fight with Norfolk Southern. Ackman

DuPont’s headquarters in Delaware. (DuPont.com)

Crops, Markets

Dow, DuPont to merge in deal to create chem giant

By GFM Network News December 11, 2015

Reuters — Chemical giants DuPont and Dow Chemical agreed to merge in an all-stock deal valuing the combined company at US$130 billion in a win for activist investors that could spark further consolidation in the farm chemicals industry. The deal to combine two of the biggest and oldest U.S. chemical producers is a prelude to

Crops, Markets

Glencore shares jump on debt reduction moves, spending cuts

By GFM Network News, Olivia Kumwenda December 10, 2015

Johannesburg | Reuters –– Glencore has increased its debt reduction target and deepened its capital spending cuts, stepping up its response to lower commodity prices and boosting its battered shares by 12 per cent on Thursday. The mining and commodities trading firm and owner of Canadian grain handler Viterra said it was targeting net debt

Crops

Dow-DuPont talks driven by weak farm demand, investor pressure

By GFM Network News December 9, 2015

Reuters — Merger talks between Dow Chemical and DuPont are likely to have been precipitated by shareholder pressure and weakening demand for crop-protection chemicals, and such a deal would have been unlikely even a few months ago. Stocks of both companies jumped 12 per cent on Wednesday — Dow’s to a record high of $56.80

Crops

CP revises offer for Norfolk Southern, rebuffed again

By Allison Lampert, Euan Rocha, GFM Network News December 8, 2015

Reuters — Canadian Pacific Railway (CP) on Tuesday revised its bid to buy U.S. railroad operator Norfolk Southern Corp, less than a week after its prior $28.4 billion proposal was rejected but the new offer was promptly rejected again. Calgary-based CP said it was now offering $32.86 in cash and 0.451 of a share in

Daily Network News

U.S. livestock: Chicago cattle futures mixed ahead of Thanksgiving holiday

Pulse Weekly: Looking for trade deal to benefit Canadian growers

U.S. grains: CBOT soybeans firm as traders hope for more Chinese buying

Flax

CN, CP both over revenue limits for 2014-15 grain haul

Trends for 2016: Pulses expected to steal acres from cereals

Wild bees seen dwindling in main U.S. crop regions

Saskatchewan farmland off limits for pension plans next month

CP revises hostile bid for Norfolk Southern, again

Norfolk Southern rejects CP’s revised offer

Dow, DuPont to merge in deal to create chem giant

Glencore shares jump on debt reduction moves, spending cuts

Dow-DuPont talks driven by weak farm demand, investor pressure

CP revises offer for Norfolk Southern, rebuffed again

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