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(CPR.ca)
Crops

CP, Kansas City lock in new deal as CN steps out

More efficient flow of grain, perishables, machinery parts touted

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Canadian Pacific Railway and U.S. railway Kansas City Southern on Wednesday again formalized their engagement after competing suitor Canadian National Railway walked away from the table. CP and KCS, which reported “unanimous” support from both companies’ boards, have entered a merger agreement committing CP to pay about $31 billion in cash and stock, or about
(iStock/Getty Images)
Hogs, News

Mexico agrees to resume pork shipments from Smithfield plant in U.S.

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Mexico is allowing a Smithfield Foods’ hog plant in North Carolina, the world’s biggest, to resume shipments of pork products after blocking it two months ago over quality concerns, according to the U.S. Department of Agriculture. Smithfield’s plant in Tar Heel, North Carolina, is allowed again to export pork to Mexico that was produced on
(Eyfoto/iStock/Getty Images)

U.S. extends travel curbs at Canada, Mexico land borders

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Washington | Reuters –– The United States on Friday extended the closure of its land borders with Canada and Mexico to non-essential travel such as tourism through Sept. 21 despite Ottawa’s decision to open its border to vaccinated Americans. The latest 30-day extension by the Department of Homeland Security (DHS) came after Canada said in
A Kansas City Southern (KCS) rail car at Toluca, Mexico on Oct. 1, 2018. (File photo: Reuters)/Edgard Garrido)
Crops

U.S. railway’s board sticks with CN’s bid

Kansas City Southern board spurns sweetened CP bid

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The board of directors for a U.S. railway facing takeover bids from each of Canada’s big two railways is sticking with Canadian National Railway’s (CN) proposal. The board for Kansas City Southern (KCS), in a release Aug. 12, said it unanimously agrees an upgraded Aug. 10 cash-and-stock bid from Canadian Pacific Railway (CP) “does not
(Dave Bedard photo)
Crops

Mexican judge rejects industry bid to halt GMO corn, glyphosate ban

Farm council warns of lost productivity

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Mexico City | Reuters — A Mexican federal judge ruled against a request by the National Farm Council to freeze a government plan to ban genetically modified (GMO) corn and the widely used herbicide glyphosate by 2024, the national science council said on Monday. Judge Martin Adolfo Santos Perez’s ruling allows the executive order issued
Mexico will miss corn output forecast, farmers’ group says
Markets, News

Mexico will miss corn output forecast, farmers’ group says

A direct cash payment program for farmers is panned as insufficient

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Reuters – Mexican corn production is likely to total no more than 24 million tonnes this year, significantly less than the government’s forecast, the head of one of the country’s largest corn farmer associations said in an interview. Juan Pablo Rojas told Reuters that the official estimate of nearly 27 million tonnes by the Agriculture
The proposed deal would create the first rail network spanning Canada, the U.S. and Mexico.
News

Continental rail deal seen boosting farm sales

Canadian Pacific buyout of Kansas City Southern rail will create first Canada-U.S.-Mexico network

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Reuters – Canadian Pacific’s US$25-billion deal to buy Kansas City Southern will create a rail network from Canada to Mexico that farm groups say could smooth the flow of their goods to market. The deal, subject to approval by the U.S. Surface Transportation Board, would combine CP’s cross-Canada network, which stretches as far south as Kansas City,
U.S. Trade Representative Katherine Tai is sworn in at the White House on March 18, 2021. (Photo: Reuters/Tom Brenner)
Markets

New U.S. trade chief Tai focused on CUSMA, China ties in calls

New trade deals on hold for now, White House says

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Washington | Reuters — New U.S. Trade Representative Katherine Tai mapped out her priorities and Washington’s desire to rebuild alliances in initial calls on Monday with her counterparts from Canada, Britain and the European Union. Tai, sworn in Thursday as President Joe Biden’s top trade negotiator, emphasized climate change, racial equity and the need to

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