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Global Markets: Monsanto to pay farmers to use weed killer

By Commodity News Service Canada
WINNIPEG, Dec. 11, 2017 (CNS) – The following is a glance at
the news moving markets in Canada and globally.
Monsanto Co. will give money back to United States farmer
who buy a weed killer which has been linked to widespread crop
damage, offering an incentive to apply its product even as
regulators in several U.S. states weigh restrictions for its
use. The incentive to use XtendiMax with VaporGrip, a herbicide
based chemical known as dicamba, could refund farmers over half

the sticker price in 2018 if they spray it on soybeans. Monsanto
says XtendiMax is safe when properly applied.
Provincial and territorial finance ministers are meeting in
Ottawa today to discuss a range of issues, but top of mind is
how tax proceeds from marijuana sales will be divvied up. The
finance ministers are cautiously optimistic a deal can be
reached today for revenue sharing from marijuana taxes. The
provincial and territorial governments insist they should get
the bulk of the cash because they’ll shoulder most of the costs
associated with legalization, such as policing, health issues
and public awareness.
This week marks the start of U.S. Bitcoin futures trading
on the Chicago-based Cboe Global Markets. Bitcoin futures eased
back from an initial surge of almost 22 per cent Sunday night to
trade up 13 per cent Monday. The debut Sunday may have caused an
early outage of the Cboe website. The exchange said that due to
heavy traffic, the site “may be temporarily unavailable”.

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