Ukrainian farms have harvested 84.17 million tonnes of grain from 98.6 per cent of the sowing area, with the yield averaging 5.36 tonnes per hectare, the Agriculture Ministry said Dec. 13. The volume includes 32.4 million tonnes of wheat, 9.9 million tonnes of barley, 40 million tonnes of corn and small volumes of other grains,
Ukraine 2021 grain harvest nearly complete at 84.17 million tonnes
CNH shareholders approve spin-off of truck maker Iveco
Milan | Reuters — Shareholders at CNH Industrial on Thursday approved the spin-off of its truck-making business Iveco Group, the company said, completing a plan launched more than two years ago to reorganize its businesses. Upon completion of the plan, CNH Industrial shareholders will receive one Iveco Group common share for every five common shares
Hedge fund TCI seeks delay in CN CEO search
Reuters — TCI Fund Management said on Thursday Canadian National Railway’s search for a new chief executive officer should be delayed until shareholders at the nation’s top rail operator vote for a new search committee to elect a CEO. The announcement comes days after CN said TCI’s pick and former Union Pacific executive Jim Vena
Korea suspends Canadian beef imports after BSE case
No other countries yet considering suspensions, CFIA says
Winnipeg | Reuters — South Korea has suspended beef imports from Canada, which last week reported its first case of bovine spongiform encephalopathy (BSE) in six years, the Canadian Food Inspection Agency said Wednesday. South Korea, the fourth-largest beef importer in the world, is seeking more information about the case before lifting its suspension, the
Vena withdraws as candidate for CN CEO role
Reuters — Canadian National Railway said on Monday Jim Vena, who was backed by a group of investors to lead the country’s largest railway operator, had pulled out of the running to serve as its new chief. Shares of CN fell as much as 6.5 per cent on the news. The former Union Pacific executive
China’s corn output rises 4.6 per cent on year in 2021
China’s corn output rose 4.6 per cent in 2021 from the previous year to stand at 272.6 million tonnes, the statistics bureau said Dec. 6. The annual official number came as the market closely watched the new corn crop in the world’s second-largest consumer of the grain, after the planting acreage rose on soaring prices.
U.S. grains: Soy, corn set multi-month highs
South American crop uncertainty, chart-based buying are factors
Chicago | Reuters — U.S. soybean futures closed higher on Friday, hitting a 2-1/2 month top on worries about South American crop weather coupled with chart-based buying, traders said. Corn futures set a four-month high near $6 a bushel and wheat followed the firm trend (all figures US$). Chicago Board of Trade January soybeans settled
New bird flu outbreak in Northern France, two more suspected
Local authorities in Northern France said Dec. 6 a new bird flu cluster had been detected in the region, adding that two additional possible bird flu cases in poultry farms were currently under investigation. A number of outbreaks of severe bird flu in Europe and Asia have been reported recently to the World Organization for
Claas sees more semiconductor chip snags in 2022
'It's going to be a tough next six months'
Paris | Reuters — Agricultural machinery maker Claas said Thursday it expects difficulties in securing semiconductor chips to persist for the first half of next year, which could curb a surge in profits linked to booming farm demand. An upturn in orders from farmers, who are benefiting from high crop prices after several lean years,
U.S. grains: CBOT wheat nears two-month low
Corn declines; soy ends firm
Chicago | Reuters — U.S. wheat futures fell nearly four per cent on Wednesday and European wheat fell three per cent as a bumper Australian harvest and signs of continued competition from Black Sea supplies added to technical pressure, traders and analysts said. Corn followed wheat lower while soybean futures ended modestly higher after monthly