(Scott Bauer photo courtesy ARS/USDA)

U.S. grains: Brazil dryness sparks soy short-covering

Chicago | Reuters — U.S. soybean futures rebounded from a 3-1/2-week low on Thursday and closed higher for the first time in three sessions on short-covering sparked by concerns that dry weather in Brazil may clip soy production. Corn and wheat also clawed back earlier losses tied to Argentina’s export-friendly move to let the peso […] Read more

(NSCorp.com)

CP revises hostile bid for Norfolk Southern, again

Reuters — Canadian Pacific Railway slammed railway Norfolk Southern on Wednesday, accusing it of misleading investors even as CP executives rolled out a new bid with increased shareholder protections to acquire the U.S.-based railroad. Executives from Canada’s second-largest railroad said the deal is now in the hands of Norfolk Southern’s shareholders, and urged its board […] Read more





(NSCorp.com)

Norfolk Southern rejects CP’s revised offer

Reuters — U.S. railroad operator Norfolk Southern has formally rejected a revised offer from Canadian Pacific Railway (CP), raising the prospect of a proxy battle. CP shareholder Bill Ackman said last week that CP CEO Hunter Harrison and he have both been sounded out by activists interested in a proxy fight with Norfolk Southern. Ackman […] Read more




Moscow at Christmastime. (Cia.gov)

Russia aiming for steady grain crop in 2016

Moscow | Reuters –– Russia, one of the world’s largest wheat exporters, is aiming for an unchanged grain harvest in 2016 compared with the current year, the agriculture ministry said Tuesday. If the weather remains favourable during the winter and spring, Russia, a major wheat supplier to Turkey, Egypt and Iran, will harvest a large […] Read more