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Markets, News, Other

Calmer waters ahead on input market

Has the market finally steadied, or it is just the calm before another storm?

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Farmers can breathe a sigh of relief knowing crop input prices have stabilized as the world adapts to global supply challenges. That was the message as Farm Credit Canada provided its latest update on input prices for the 2024 crop year. Why it matters: The wild price swings for crop inputs, especially fertilizer, appear to be over, but farmers
The logo and trading info for Corteva Agriscience displayed on the New York Stock Exchange in New York. Photo: Reuters/Brendan McDermid
Markets, Other

Corteva cuts sales forecast on weak demand for crop protection products

Net seed sales rose eight per cent from a year ago, aided by strong prices and increased corn acres

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Reuters – Agricultural chemical and seed company Corteva CTVA.N cut its annual sales expectations as demand for its crop protection products showed signs of contraction. Rise in carrying cost of stock for distributors driven by higher interest rates and improved product availability have taken a toll on demand for crop protection products such as herbicide
Corn in progress just east of Blumenort, Man. on July 20, 2022. (Dave Bedard photo)
Crops

After growing GM corn for decades, some U.S. farmers open to Mexican restrictions

Biden administration seeks to challenge ban

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Chicago | Reuters — Mexico has found unexpected allies as it tries to limit imports of genetically modified (GM) corn: some U.S. farmers who grow the crops. Farmers have for decades planted GM corn, which protects against insects and herbicides, with seeds sold by companies such as Bayer, Corteva and ChemChina’s Syngenta. But as believers
(Xinzheng/Getty Images)
Crops

China must raise self-reliance in ag tech, Xi says

Seed industry seen as weak link in food chain

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Beijing | Reuters — President Xi Jinping wants China to accelerate efforts to achieve self-reliance in agricultural technology, identifying seed development and core equipment among areas to focus on, state media reported. The central leadership had said in 2020 that the country’s seed industry was a weak link in the food chain and needed to
(File photo by Lisa Guenther)
Crops

Corteva to exit some markets, cut jobs in cost-saving push

Canada remains among company's 'core' markets

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Reuters — Seeds and pesticides company Corteva on Tuesday announced plans to exit about 35 countries and lay off roughly five per cent of its global workforce as part of the company’s cost-cutting plans. A surge in inflation this year to four-decade highs has forced Corporate America to slash planned spending and roll out measures
File photo of a wheat field in northern Ukraine on July 14, 2016. (File photo: Reuters/Valentyn Ogirenko)
Crops

Ukraine could lack seed for years, French producers warn

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Paris | Reuters — Reduced production of crop seed in Ukraine due to war with Russia could affect the country’s grain production for several years, a French seed industry group said on Thursday. Ukraine, one of the world’s largest grain exporters, is widely expected to see its harvest shrink this year as Russia’s invasion disrupts
The USDA building in Washington, D.C. (Art Wager/iStock/Getty Images)
Crops, Markets

USDA opens inquiry into fertilizer, seed prices

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Reuters — The U.S. Department of Agriculture is opening an inquiry into the impacts of concentration in the fertilizer, seed and retail markets. The inquiry stems from the Biden administration’s July 2021 executive order to promote competition across the U.S. economy, the agency said in a release Friday. Global supply chain problems and inflation have
Paragon Ag Service’s site west of Melfort. (Lakecountryco-op.crs)
Crops

Two Saskatchewan co-ops to buy ag input retailer

Paragon Ag Service assets to be divvied up

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A pair of Saskatchewan co-operatives are expanding their reach in the crop input retail sector in that province’s northeast, with a deal to buy an independent dealership chain. Lake Country Co-op and Prairie North Co-op announced Tuesday they have agreements in place to buy the assets of Melfort-based Paragon Ag Service from owners Sherman Boland

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