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MARKETS
Soybean futures are slightly lower
NEWS
Farm organizations to face tribunal
INDUSTRY
Harold Rudy to publish a book

Tyson to buy Keystone Foods

August 17, 2018 - Tyson Foods Inc. is going to buy Keystone Foods from Brazil’s Marfrig S.A. for $2.5 billion, reports Reuters news agency.
Keystone makes chicken nuggets for McDonalds and others.
It has plants in the United States, Korea, China, Malaysia, Thailand and Australia.

Bayer concludes two big deals

August 17, 2018 - Bayer closed its merger with Monsanto this week and a related deal to sell its vegetable seeds business to BASF.
The price tag for Monsanto was $8.5 billion. The BASF deal offset that by $2.6 billion.
BASF said Nunhems “adds a well-recognized brand with a very successful business track record.
The acquired vegetable seeds business comprises 24 crops and about 2,600 varieties. It also includes Bayer’s research and development and breeding programs for more than 15 crops.
Now that Bayer has merged, the Monsanto name will eventually disappear, but it will retain brand names such as Dekalb, Asgrow and Channel.
Bayer also said it intends to vigorously appeal the California jury award of $289 million US to a school employee who claims he developed terminal cancer from exposure to Roundup.


Neonic ban details spelled out

August 16, 2018 - Health Canada’s Pest Management Review Board has announced details about its proposal to ban two neonicitinoids for outdoor farm use by 2021.
First, it is granting a 90-day period of consultations to receive views from the public about its proposals.
Second, it is allowing greenhouse uses to continue.
Bayer sells clothianidin as insecticides and seed treatments under brand names Poncho, Prosper, Titan and Sepresto.
Nufarm calls it NipsIt.
Syngenta sells thiamethoxam as Cruiser and Helix.
Health Canada said it found imidacloprid being measured at levels harmful to certain aquatic insect populations such as mayflies and midges - a “critical food source” for fish, birds and other animals.
That prompted it to decide on a ban by 2021.
However, the agency deemed the risks to aquatic invertebrates from greenhouse uses of thiamethoxam to be “acceptable” and plans to allow the chemical’s continued registration for greenhouse uses, “provided wastewater mitigation instructions on product labels are followed.”

U.S. is buying fluid milk

August 16, 2018 - For the first time, the United States Department of Agriculture is buying fluid milk - $50 million worth – to donate to food banks and to school lunch programs.
It will be purchasing between 11 and 13 million gallons.
Dairy farmers have been complaining that they can’t make ends meet.
The Los Angeles Times reported that Califonia Republican Congressman David Valado lost his family farm this year and that 36 percent of dairy farms in the state closed between 2001 and 2017.
Industry and advocacy groups have called on the government to help.