Reuters — U.S. cannabis company Green Growth Brands said on Thursday it would make a takeover bid for Aphria Inc., valuing the Canadian pot producer at $2.8 billion. The all-stock offer comes at a time when several companies are looking to partner with or buy pot firms to explore opportunities in the Canadian cannabis sector […] Read more
U.S. hostile play launched for Ontario pot producer Aphria
USDA outlines first-ever rule for GMO labeling
Washington | Reuters — The U.S. Department of Agriculture on Thursday laid out its first-ever requirements for labeling of genetically engineered, or GMO, foods as early as 2020, a rule met with praise from some farmers and criticism from consumer groups. Consumers have been pushing for years for greater transparency over what is in their […] Read more
GrainCorp says offer not certain enough to make recommendation
Reuters — Australia’s GrainCorp Ltd. on Wednesday said it was providing suitor Long-Term Asset Partners (LTAP) due diligence to put forward a more certain proposal. The country’s largest listed bulk grain handler earlier on Dec. 3 received a buyout proposal from little-known asset manager LTAP in an all-cash deal for A$2.38 billion (C$2.303 billion), or […] Read more
U.S. forecaster sees 90 per cent chance of El Nino in winter
Reuters — There is a 90 per cent chance of the El Nino weather pattern emerging during the Northern Hemisphere winter of 2018-19, a U.S. government weather forecaster said on Thursday. “The official forecast favours the formation of a weak El Nino,” the National Weather Service’s Climate Prediction Center (CPC) said in a monthly forecast. […] Read more
U.S. House approves farm bill without tighter food stamps criteria
Washington | Reuters — The U.S. House of Representatives passed the farm bill on Wednesday, capping months of acrimonious debate to finalize the legislation funding the nation’s US$867 billion food and agriculture programs. The bill, which passed by a vote of 369 to 47, will be submitted to President Donald Trump for his signature into […] Read more
Bunge CEO Schroder to step down amid investor pressure
Reuters — Bunge CEO Soren Schroder is stepping down after five years at the helm of the global agribusiness, following months of pressure from shareholders to shake up the company amid a prolonged grain market slump. The management change is the latest event to rattle the two-century-old commodities trader after a stretch of particularly weak […] Read more
Bunge reportedly ready to replace CEO
Reuters — Bunge Ltd. is preparing to replace its CEO Soren Schroder as the global grains trader faces investor pressure, the Wall Street Journal reported on Friday, citing sources. The company is expected to announce the CEO’s departure in the coming days, the report said, citing people familiar with the matter. The grains trader was […] Read more
U.S. investigators question shareholders of Brazil’s JBS
Brasilia | Reuters –– U.S. investigators this week visited Brazil to question shareholders of J+F Investimentos, the holding company that controls meatpacker JBS SA, as part of an existing plea deal, Brazilian prosecutors said on Friday in a statement. U.S. authorities have been investigating the companies controlled by J+F since their largest shareholders — brothers […] Read more
Bunge names Syngenta CEO to board under deal with activist investors
Chicago | Reuters — Bunge Ltd. appointed the CEO of agrichemicals company Syngenta to its board on Wednesday as part of an agreement with activist investors D.E. Shaw and Continental Grain Co. The global grains trader named J. Erik Fyrwald as a director, as it navigates low crop prices and the trade war that has […] Read more
U.S. EPA lifts 2019 biofuels mandate
Washington | Reuters — The U.S. Environmental Protection Agency on Friday lifted its annual blending mandate for advanced biofuels, drawing praise from the U.S. biofuels industry, but disappointment that the government had not done more to protect the agricultural market. Under the U.S. Renewable Fuel Standard, oil refiners must blend increasing amounts of biofuels into […] Read more
Canadian Cattlemen Presents: Depth of Field
