Business Archives - Page 14 of 52 - Manitoba Co-operator

DowDuPont tops profit estimates as chemicals demand provides boost

By GFM Network News November 1, 2018

Reuters – DowDuPont Inc topped Wall Street estimates for third-quarter profit on Thursday, as stronger demand for chemicals used in cosmetics, paints and packaging gear helped offset slowing growth at its agriculture business. The world’s largest chemicals producer, formed last year through the $130 billion merger of Dow Chemical and DuPont, also said it would

Crops, Markets

ABCD quartet of grain traders partner to digitize global trades

By GFM Network News, Karl Plume October 25, 2018

Chicago | Reuters – The world’s four largest agribusinesses are working together to standardize and digitize international grain trades using technologies such as blockchain and artificial intelligence, the companies announced on Thursday. Archer Daniels Midland Co, Bunge Ltd, Cargill Inc and Louis Dreyfus Co, known collectively as the ABCDs of global grain trading, said the

A small marijuana plant grows in a lab at the new Commercial Cannabis Production Program at Niagara College in Niagara-on-the-Lake, Ontario, Canada, October 9, 2018. Photo: Reuters/Carlos Osorio/File

U.S. pot firm Curaleaf to triple planned equity offering

By GFM Network News October 24, 2018

Toronto | Reuters – U.S. cannabis retailer Curaleaf Holdings Inc is raising about $400 million, almost three times its original target, in Toronto, in a deal that would value the company at close to $4 billion, people familiar with the situation told Reuters. The move by the Wakefield, Massachusetts-based company, which also owns cannabis cultivation

Bayer Canada’s CropScience Division has decided to keep its headquarters in Calgary. As a result, Monsanto Canada’s head office in Winnipeg will close by Sept. 1, 2019.

Local news, News, Other

Monsanto Canada’s Winnipeg office closing Sept. 1, 2019

Bayer, which purchased Monsanto in June, will keep its crop science headquarters in Calgary

By Allan Dawson October 15, 2018

Monsanto Canada’s ‘legacy’ head office at the University of Manitoba’s SmartPark in Winnipeg will close by Sept. 1, 2019, Trish Jordan, public and industry affairs director for Bayer Canada’s CropScience Division, confirmed in an interview Oct. 12. It’s part of Bayer’s US$63-billion purchase of Monsanto in June. Bayer Canada’s CropScience Division is headquartered in Calgary

News, Other

Success starts at home

Don’t forget the domestic market in building Canadian agri-food sales

By Alex Binkley October 11, 2018

A key ingredient in the recipe for success for the Canadian agri-food sector is going to be growing the domestic market. According to a report from the Agri-Food Economic Strategy Table (AFEST), it would be a mistake ignoring this close-to-home opportunity and pursuing only growing overseas demand. AFEST was set up by the federal government

It remains unclear if consumers will pay more for food authenticity.

Comment, Opinion, Other

Comment: The blockchain party

Grocers are finally climbing aboard the blockchain initiative and consumers should rejoice

By Sylvain Charlebois October 9, 2018

Walmart, the largest retailer in the world, recently notified its leafy green suppliers that they will need to use blockchain by the end of next year. Walmart is banking on its relationship with IBM to put pressure on the entire sector to comply with what consumers want from the food industry: more transparency. But others

Foreign control in the oil and gas extraction sector is up more than 15 per cent since 2012. Photo: File

Other

Foreign control in Canadian ag sector still relatively low

By GFM Network News, MarketsFarm Team August 2, 2018

CNS Canada – The percentage of foreign control, as a percentage of total assets, in the Canadian agriculture, forestry, fishing and hunting sector was 1.6 per cent in 2016, according to data recently released by Statistics Canada. While that’s up from 1.1 per cent in 2012, it compares with foreign control in all industries (excluding

Other

DowDuPont sees higher raw material costs, shares fall

By GFM Network News August 2, 2018

Reuters – DowDuPont Inc said it expects higher raw material costs to hit all its units for the rest of the year even as an uptick in its agriculture business helped the U.S. chemicals producer beat Street estimates for the fourth straight quarter. Shares of the company fell 3 percent to $66.11 in morning trade and

Bunge wrongly bet that soybean prices would rise as U.S.-China trade tensions eased.

Bunge posts surprise loss on trade-related soy hedges

By GFM Network News, Karl Plume August 1, 2018

Chicago | Reuters – Global grains merchant Bunge Ltd reported a surprise quarterly loss on Wednesday as its agribusiness unit took a $125 million hit from soybean hedges tied to the trade dispute between the United States and China. Shares of the White Plains, New York-based company fell 2.9 percent in early trading to $67.10

ADM earnings double, helped by U.S.-China trade row

By GFM Network News, Tom Polansek July 31, 2018

Chicago | Reuters – Archer Daniels Midland Co’s net profits doubled in the second quarter and beat Wall Street estimates, after a drought in Argentina and the U.S.-China trade spat boosted the U.S. grain merchant’s trading and oilseed processing businesses. Shares were up 1 percent at $47.86 after touching a three-year high on the New

Daily Network News

‘Significant’ Canadian GDP slide expected in 2026, FCC says

Gene edited, PRRS resistant pig approved in Canada

U.S. livestock: Cattle futures end week higher

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