GFM Network News


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U.S. Senate Democrats roll out draft bill to legalize weed

Reuters — Three top U.S. Democratic senators on Wednesday unveiled a discussion draft of a bill that aims to legalize cannabis, a move that would allow adult Americans to buy and possess up to 10 ounces of marijuana without facing criminal penalties. The Cannabis Administration and Opportunity Act floated by Senate majority leader Chuck Schumer, […] Read more

(File photo by Lisa Guenther)

Corteva posts weak revenue, disappointing outlook

Reuters — Corteva Inc. on Wednesday missed analysts’ expectations for second-quarter revenue and its reinstated full-year forecast came in below estimates, sending the seed and pesticide producer’s shares down as much as nine per cent in extended trade. Good weather and higher planted area shifted corn volumes in North America to the first quarter, while […] Read more


The logo and trading info for Corteva Agriscience displayed on the New York Stock Exchange in New York.  Photo: Reuters/Brendan McDermid

Corteva shares rise as profit beats on international markets

Reuters – Pesticide and insecticide maker Corteva Inc’s quarterly profit beat estimates as volumes and prices in its international markets rose more than expected, sending its shares up more than 8 percent . Investors cheered Corteva’s upbeat numbers, its first after separation from DowDupont in June, as they were a rare bright spot among agricultural […] Read more

(Dow.com)

Dow’s ledger benefits as economic growth boosts demand

Reuters — Dow Chemical, which is merging with DuPont, reported strong fourth-quarter results and gave an upbeat forecast for the current quarter as its focus on consumer markets benefits from improving economic growth worldwide. The seeds and chemical maker said improving growth in the United States, Latin American and Europe, besides steady Asia growth, would […] Read more


DuPont’s headquarters in Delaware. (DuPont.com)

DuPont says Dow merger may get delayed

Reuters — DuPont raised its full-year adjusted profit forecast as it cuts costs ahead of its merger with Dow Chemical, but said the deal may not close by the end of this year as planned. Shares of DuPont, which reported a higher-than-expected quarterly profit on lower expenses and higher sales volumes, were marginally lower at […] Read more

Viterra, whose Outer Harbour terminal in Adelaide, Australia is shown here, has been part of Glencore’s stable of ag assets since late 2012. (Glencore.com)

CPP, Saudi firm are lead players in bid for Glencore

Bengaluru/Reuters – Canada Pension Plan Investment Board and state-owned Saudi Agricultural and Livestock Investment Co are among the lead bidders for a minority stake in the agriculture unit of Glencore Plc, Bloomberg reported on Friday. The firms are presenting final bids for the unit this month and Glencore is open to selling stakes to more […] Read more