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(Bayer.com)
Markets, Other

Bayer’s agriculture unit, consumer health drive outlook hike

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Frankfurt | Reuters – Agriculture and pharmaceuticals company Bayer BAYGn.DE on Thursday lifted its 2022 earnings guidance on strong demand from farmers for its seeds and crop chemicals and higher sales of consumer health products. Bayer is now targeting earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for special items, of about 13 billion
Mosaic’s mine shaft tower from its K3 facility in southern Sask. Photo: Greg Berg
Markets

Mosaic sees fertilizer demand supported by tight crop supplies into 2023

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Reuters – Mosaic Co MOS.N said on Monday it expects tight grain and oilseed markets into 2023, encouraging the continued use of fertilizers despite their surging costs. “The war in Ukraine, high temperatures in North America and Europe, and developing drought conditions in parts of South America highlight the risk for reduced yields globally,” Mosaic said.
Zaporizhzhia Region, Ukraine, July 5, 2022. Due to the ongoing hostilities, grains are harvested only on the territory of the Zaporizhzhia and part of Polohy districts which constitute one-sixth of the total area of the Zaporizhzhia Region, south-eastern Ukraine.
News

Recovery from grain production shortfalls could take years

Many factors have weighed in to produce tight global grain stocks

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Reuters – Eric Broten had planned to sow about 5,000 acres of corn this year on his farm in North Dakota, but persistent springtime rains limited him to just 3,500 in a state where a quarter or more of the planned corn could remain unsown this year. The difficulty planting corn in the northern United
Manitoba’s first potash mine looks to spread the wealth
News

Manitoba’s first potash mine looks to spread the wealth

Company breaks new ground with its unconventional approach to community economic development

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It’s been decades in the works, but Manitoba’s first potash mine has cleared red tape and is on course to start production this fall. In June, the provincial government announced that the Potash and Agri Development Corporation of Manitoba (PADCOM) had been granted all necessary permissions to start extraction and production in western Manitoba at its site 16 kilometres west of
Synthetic fertilizers have greatly enhanced crop yields and are rightly credited with helping to feed the world, but their use is not evenly spread around the world.
Comment, Op/Ed

Comment: Fertilizer crisis shows need for new way

Fertilizer prices are soaring – and that’s an opportunity to promote more sustainable ways of growing crops

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Farmers are coping with a fertilizer crisis brought on by soaring fossil fuel prices and industry consolidation. The price of synthetic fertilizer has more than doubled since 2021. This crunch is particularly tough on those who grow corn, which accounts for half of U.S. nitrogen fertilizer use. The National Corn Growers Association predicts that its
Markets, News

Brazil’s JBS says China lockdowns won’t affect demand, logistics a concern

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Brazilian meat giant JBS SA played down the effects of COVID-19-related lockdowns in China, saying they would not affect demand for JBS products despite causing logistics concerns, according to management remarks on May 12. During the first quarter, inventories rose in the United States because of logistics issues that also hampered U.S. ports, increasing costs
Markets, News

Bunge says updating select facilities to crush new oilseed covercress

Modified weed can produce fuel oil and act as cover crop

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Reuters – Global grains merchant Bunge Ltd. is updating select U.S. crushing facilities to process covercress, a gene-edited version of an annual weed also known as field pennycress, that it says can be used to produce renewable fuel, the company said May 4. Bunge and oil company Chevron Corp. announced a strategic partnership with CoverCress
Koch Fertilizer Canada executives cut the ribbon on their Brandon headquarters May 4, along with Manitoba Premier Heather Stefanson (centre).
News

Koch Fertilizer officially opens Brandon HQ

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Koch Fertilizer Canada cut the ribbon on its new $33-million headquarters in Brandon May 4. The facility, which was planned with office space for 100 employees, expands the company’s presence in the western Manitoba city, where it has operated facilities for the last 55 years, company executives said at the ribbon-cutting ceremony. The company announced

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