Monsanto, DuPont settle lawsuits, set new $1.75-billion deal

The companies have dropped their lawsuits against each other and agreed 
to work together delivering new technology to farmers

Reuters / Monsanto Co. and DuPont have settled a bitter legal battle over rights to technology for genetically modified seeds and will drop antitrust and patent claims against each other while forging a new collaboration, the companies said March 26. The deal tosses out a $1-billion jury verdict DuPont was ordered to pay Monsanto last August. Instead,

Anxiety rises over possible Prairie seeding delays

ICE Futures Canada canola contracts posted good gains during the week ended March 22, as solid end-user demand, the weaker Canadian dollar, a slowdown in farmer selling, bullish technical signals, ongoing concerns over tightening old-crop supplies, new concerns over possible planting delays this spring, and logistical issues moving soybeans out of South America all served


U.S. corn plantings seen at highest since 1936

Reuters / U.S. farmers may plant 97.43 million acres of corn this year, up 0.3 per cent from last year, which would be the largest corn area since 1936, according to a Farm Futures magazine survey. The survey of 1,750 U.S. growers also showed farmers intend to plant a record 79.09 million acres of soybeans, up

Argentina threatens barley export cap in bid to boost wheat crop

Grains behemoth Argentina is pushing farmers to produce more wheat by threatening to crack down on the fast-expanding barley sector, which growers are using as a hedge against export curbs, sources with direct knowledge of the situation told Reuters. With national inflation seen by private economists at 30 per cent this year and global food


Latest USDA supply-demand report delivers few surprises in key commodities

The U.S. Agriculture Department delivered few surprises in its monthly crop and world agricultural supply-demand reports, keeping U.S. corn and soybean supplies tight but raising global soybean and wheat stockpiles from a month ago. The Argentine soybean and corn crops were both lowered by drought, USDA said. Projected soybean output was trimmed by three per

Developing countries increasingly adopting GM crops

Genetically modified crops hit a milestone last year — for the first time, acreage of biotech crops in developing countries surpassed industrial ones. A record 17.3 million farmers grew biotech crops worldwide in 2012, up 600,000 from a year earlier, says a new report from the International Service for the Acquisition of Agri-Biotech Applications (ISAAA).





U.S. crop insurance guarantees push big acres

Reuters / Crop insurance that guarantees prices for the 2013 growing season should encourage U.S. farmers to again plant a large number of acres, with soybeans possibly claiming ground from corn, analysts said. The U.S. Department of Agriculture’s Risk Management Agency set the guarantees March 1, which act as the “floor price” for crop insurance

Farmers locked in acres last fall with fertilizer applications

chicago / reuters / Recent declines in U.S. corn futures prices have failed to dent growers’ enthusiasm for planting the feed grain this spring, even though soybean prices have outperformed corn, farmers and analysts said. Crop insurance guarantees, money spent on fertilizer and recent rainy weather in key growing areas have cemented the acreage decisions