Monsanto (NYSE:MON) says the European Commission has granted import approval for Roundup Ready 2 Xtend soybeans, allowing for the import and food/feed use of the new genetically modified soybean into the EU.The Commission's OK comes after EU member states had failed to reach an agreement on whether to license the product.The ruling removes uncertainty for MON, which already had sold the seeds to farmers this year, and for grain companies, some of which had refused to purchase the soybeans from farmers without approval from the EU.MON +0.8% premarket.
Why a Higher Corn Stock-to-Use Ratio in July Is a Concern? By Adam Jones | Jul 13, 2016 1:25 pm EDT Corn’s stock-to-use ratio On July 12, the USDA1 reported an increase in the global corn stock-to-use ratio to 20.8%—compared to 20.3% last month. The stock-to-use ratio in the agriculture industry tells us how much inventory of a particular crop is available for consumption. A higher supply of crops to its demand results in a higher stock-to-use ratio. Why a Higher Corn Stock-to-Use Ratio in July Is a Concern? Ratio moves higher The above chart shows how the global corn stock-to-use ratio in 2016 has moved compared to the past four-year period. The July 2016 global corn stock-to-use ratio was higher compared to 19.2% in July 2015. This appears to be driven by an increase in corn’s global ending inventory—it has been increasing over the years. Inventory rises in July To put this in perspective, the global corn inventory in July 2016 was 208 million metric tons—10% higher than the global corn inventory in July 2015 of 190 million metric tons. A higher corn supply without changes in consumption usually leads to lower realized prices impacting farm income. These factors have an impact on corn prices. They determine the fate of fertilizer companies (XLB) such as CF Industries (CF), CVR Partners (UAN), Agrium (AGU), and Mosaic (MOS). In the next part, we’ll discuss how corn prices moved over the one-month period.
July 13 (Reuters) - Seed company Monsanto Co, which rejected Bayer AG's buyout offer in May, is exploring various transactions, including the acquisition of BASF's agriculture-solutions unit, Bloomberg reported. In return, BASF would likely receive newly issued shares in Monsanto, Bloomberg said, citing people familiar with the matter. (http://bloom.bg/29xEtJd) The discussions are at an early stage, and no final decisions have been made, the report said, citing the people. Talks with Bayer are continuing, sources told Bloomberg. Monsanto's board is split over the merit of potential deals with rivals BASF and Bayer with some executives keen to remain independent and others preferring a takeover, Bloomberg reported, citing a source. (Reporting by Subrat Patnaik in Bengaluru; Editing by Maju Samuel) Read more: http://www.dailymail.co.uk/wires/reuters/article-3689186/Monsanto-exploring-deals-including-BASF-agri-unit-buy--BBG.html#ixzz4EM31SpV9 Follow us: @MailOnline on Twitter | DailyMail on Facebook
Two new period charters for panamax bulk carriers have been reported today, while spot market activity for all tonnages except capesizes has helped the Baltic Dry Index advance seven points to 711, according to Baltic Exchange data. Ultrabulk’s Ultra Panache (78,450 dwt, built 2011) was fixed to an unnamed charterer for four to eight months at $6,750 daily. The vessel will deliver in Hong Kong between July 18-21. Norden has fixed Orion Bulkers’ Baltia (75,776 dwt, built 2005) on a four- to seven-month period charter at $6,500 per day, delivering in Shanghai on July 14-16. Reported fixtures for six-month contracts in the Pacific basin have been fixing at around the $6,750 level for the past week or so, which is the highest level seen since early November 2015, according to Baltic fixtures data. Rising spot rates are spurring enquiry in the period market. The weighted timecharter average of the Baltic’s four benchmark panamax routes was today assessed at $6,469 per day, up $85 from Monday’s level. This is the highest level seen since September 7, 2015. In particular, spot rates on the Japan/South Korea to Skaw Passero route (P4_03) have shown rapid growth over the past three weeks. Rates on the route were today assessed at $1,080 per day, a near 12-month high.
11 juillet 2016 Pour le ministre de l’Agriculture, Pierre Paradis, les néonicotinoïdes utilisés comme traitement des semences ne sont plus l’ennemi numéro un de l’État. « Nous n’avons pas les chiffres concernant les populations d’abeilles sauvages, mais les colonies domestiques sont en hausse. Si les mortalités avaient continué d’augmenter, il y aurait eu urgence. Or, la situation semble se trouver dans une direction qui vient de changer », révèle le ministre. Cela signifie qu’avant de prendre des mesures pour contrer l’utilisation de ce type d’insecticide, le gouvernement veut comprendre pourquoi les populations d’abeilles ont augmenté. Est-ce que cela veut dire que ce groupe de pesticide ne sera pas réglementé? « Disons qu’on prend notre gaz plus égal! » a répondu Pierre Paradis, qui privilégie pour l’instant une démarche volontaire plutôt que coercitive. Il rappelle cependant que la directive demeure toujours de diminuer l’utilisation des semences traitées aux néonics. Le ministre n’oublie pas de mentionner au passage la réglementation ontarienne; une source d’inspiration pour son gouvernement. « Surtout que la réglementation en Ontario, qui vise à restreindre sévèrement les néonics, vient de passer le test des tribunaux. » Un élément digne d’intérêt pour l’ancien avocat Pierre Paradis. Pas de quartier pour les pesticides les plus à risque Le groupe de pression Équiterre a lancé en mai dernier une pétition intitulée Une belle baignade d’été dans l’atrazine? Signez ici pour dire non aux pesticides. On ne sait pas si le ministre Paradis a signé cette pétition, mais chose certaine, son ton est clair : les pesticides les plus à risque passeront dans le tordeur sous peu. « Le gouvernement est là-dessus », a-t-il répondu lorsque la Terre lui a demandé où en était le dossier de l’atrazine et autres pesticides nocifs. Le ministre a ajouté que « les rapports scientifiques nous convainquent que ces produits ont de fortes probabilités de causer le cancer chez la population, à commencer par les agriculteurs eux-mêmes. Il faut agir ». Est-ce que la réglementation les encadrant sera connue sous peu? « Disons que le dossier chemine avec un degré important de sévérité. Nous avons plusieurs médecins dans le cabinet et ce sujet est pris très au sérieux. » Bref, à en croire le ministre, les producteurs devront avoir de très bonnes raisons pour justifier l’utilisation des pesticides les plus à risque.
Shares of Monsanto Company MON 0.11% could drop to about $92 if the potential deal with Bayer AG (ADR) BAYRY 2.39% fails to take off. In May, Germany's Bayer offered to buy Monsanto for $62 billion, or $122 a share. Monsanto rejected the offer terming it as "incomplete and financially inadequate," but said it was open to engage further in negotiations. "We think it would take $135–$140/shr (implies 16.6x–17.2x our new '17 EBITDA) for MON to open its books. While the likelihood of some kind of a deal has increased, we think the possible downside share price risk is ~$92 without a deal (based on ~19x Seed EPS and ~10x Ag Productivity EPS)," analyst P.J. Juvekar wrote in a note. Related Link: CLSA Says Buy The Dip In Monsanto When The Bayer Deal Falls Apart Juvekar noted there are only a few strong agricultural chemical partners left for consolidation. "BASF or Sumitomo Chemical are possibilities for some kind of deal including JVs, in our view," the analyst continued. Rating And Justification However, Juvekar maintains Neutral rating on Monsanto, citing industry uncertainty as agricultural fundamentals are bouncing along the bottom. "Seed pricing did not hold up during 2016 amid tough competition, resulting in lower top-line growth and profitability. The guidance for '17 is softer and we do not see a turnaround in seed pricing until the grain cycle improves," Juvekar highlighted. As such, the analyst slashed 2016 EPS estimate by $0.20 to $4.40 versus consensus estimate of $4.54. Related Link: Monsanto And TargetGene Agree On Gene Editing Technology To Advance Global Agriculture Innovation That said, Juvekar added that Monsanto does have a few positives for 2017 including a $200 million benefit from the lack of Xtend costs ($100 million) and lower cost of goods sold ($100 million). The company expects positive price lift next year, but "we are not fully convinced until we see how this year's crop harvest impacts grain prices." Juvekar raised the target price to $112 from $94 based on increased probability of a potential transaction. At time of writing, shares of Monsanto fell 1.86 percent to $101.49. Read more: http://www.benzinga.com/analyst-ratings/analyst-color/16/07/8177247/if-bayer-deal-falls-through-could-monsanto-see-92-handle#ixzz4DdaPpqCF
SYDNEY, July 1 (Reuters) - U.S. wheat fell on Friday as the grain lingered near a six-year low after the U.S. Department of Agriculture pegged plantings above market expectations, which is set to drive the grain to weekly losses of nearly 5 percent. FUNDAMENTALS * The most active wheat futures on the Chicago Board Of Trade down nearly 5 percent for the week, the fourth consecutive weekly slide. * Wheat hit a six-year low of $4.36 a bushel on Thursday. * The most active soybean futures up nearly 7 percent for the week, the biggest one-week gain since October 31, 2014. * The most active corn futures down more than 3 percent for the week, extending losses for the second week to more than 15 percent. * Corn hit an 11-week low of $4.65-1/4 a bushel on Thursday. * The U.S. Department of Agriculture (USDA), in an acreage report, said domestic all-wheat plantings totaled 50.816 million acres, topping analysts' forecasts for 49.869 million and the agency's March estimate of 49.559 million. * Corn seedings were 94.148 million acres, above the high end of analysts' estimates. On an average, they had expected acreage to fall from the government's March forecast of 93.601 million. * The acreage report showed that farmers planted a record 83.688 million soybean acres, above the government's March forecast of 82.236 million but below analysts' estimates for 83.834 million. * The USDA, in a separate report, said corn inventories as of June 1 were the biggest since 1988 while soybean stocks for that period were the third biggest ever. MARKET NEWS * Sterling stayed on the defensive early on Friday after unambiguously dovish comments from the Bank of England abruptly ended a tentative recovery in the currency. * Oil prices rose early on Friday, with Brent jumping back above $50 per barrel, as investors positioned themselves for more price increases this year in expectation of a tighter market. * Wall Street rolled to a third straight day of gains on Thursday as Britain's central bank raised the prospect of stimulus and consumer staples shares gained on news of Mondelez International's $23 billion bid for Hershey. DATA AHEAD (GMT) 0100 China Official manufacturing PMI Jun 0100 China Official non-manufacturing PMI Jun 0145 China Caixin manufacturing PMI final Jun 0750 France Markit manufacturing PMI Jun 0755 Germany Markit/BME manufacturing PMI Jun 0800 Euro zone Markit manufacturing PMI final Jun 0900 Euro zone Unemployment rate May 1400 U.S. Construction spending May 1400 U.S. ISM manufacturing PMI Jun Grains prices at 0127 GMT Contract Last Change Pct chg Two-day chg MA 30 RSI CBOT wheat 443.25 -2.25 -0.51% -0.28% 484.26 22 CBOT corn 372.00 0.75 +0.20% -2.87% 417.25 18 CBOT soy 1153.50 0.25 +0.02% +3.69% 1115.44 64 CBOT rice $10.72 $0.08 +0.70% -1.65% $11.41 23 WTI crude $48.58 $0.25 +0.52% -2.61% $48.84 51 Currencies Euro/dlr $1.111 $0.001 +0.05% -0.12% USD/AUD 0.745 0.000 -0.05% -0.03% Most active contracts Wheat, corn and soy US cents/bushel. Rice: USD per hundredweight RSI 14, exponential (Reporting by Colin Packham; Editing by Sherry Jacob-Phillips) Read more: http://www.dailymail.co.uk/wires/reuters/article-3669197/GRAINS-Wheat-lingers-near-six-year-low-set-weekly-loss-5-pct.html#ixzz4DBbpD6RN Follow us: @MailOnline on Twitter | DailyMail on Facebook
ALL eyes are watching to see what is happening with the Bayer-Monsanto buy-out offer.
A successful buy-out by Bayer could have ramifications for Australian farmers and the Australian Competition and Consumer Commission (ACCC) will be watching the deal closely.
On 23 May, Bayer made an unsolicited cash offer of US$62 billion ($87b) or US$122 ($170) a share to buy out Monsanto.
The offer was rejected by Monsanto the following day, but the company has indicated it remains open to discussions.
ACCC said in a statement it anticipates the deal will need further review.
"The ACCC is aware of the proposed acquisition by Bayer of Monsanto and anticipates that a public review will be necessary in order for the ACCC to form a view, if the transaction proceeds," it said.
Local growers were keeping an eye on the offer and remained wary of two of the largest global seed and crop protection companies merging.
Bayer is well known for its patented crop protection products, including Sakura, Jaguar and Jockey, while Monsanto's Roundup Ready seed technology has revolutionised farming in Australia and worldwide.
Pastoralists and Graziers Association president Tony Seabrook said he had some concerns regarding the merger.
"The potential aggregation of power by one company is concerning," he said.
Mr Seabrook said he would be meeting with Monsanto representatives this week to learn more about what ramifications the deal may have for Australian farmers.
As soon as he heard about Bayer's bid, Creve Coeur Mayor Barry Glantz called a contact at Monsanto, he told the Wall Street Journal. "They have bigger fish to fry than the city of Creve Coeur, but we always wanted them to be aware of what a good corporate citizen they have been to the community," he said.
Monsanto, which give millions to local charities, also is one of the St. Louis region's largest employers, with over 5,400 local workers as of June 2015,according to Business Journal research.
In detailing its bid, Bayer said that if the bid for Monsanto was successful, it planned to make St. Louis the combined companies' base for its seed business and its North American agriculture operations.
And a Monsanto spokeswoman told the Wall Street Journal, “Whether or not there’s any transaction with Bayer, we see our commitment to our community support continuing as our business grows."
But the Wall Street Journal says the possible takeover of Monsanto is the latest in a series of corporate restructurings that have reduced the presence in the region of some of its biggest corporate players, such as Anheuser-Busch and Macy's.
While in the last year, St. Louis recovered most of the jobs lost from the recession, it has trailed the national average and other Midwestern cities, the Journal reports citing figures from PNC Financial Services Group economist Kurt Rankin.
Philippe de Lapérouse, the St. Louis-based director of food and agribusiness for management consulting firm HighQuest Partners LLC, told the publication "it would be somewhat of a bitter pill” if Monsanto’s headquarters left the city, “but not a death knell.”
The reaction was immediate. As soon as Bayer launched its $62bn bid for Monsanto on Monday, environmental protesters launched a campaign against what some activists immediately branded “a marriage made in hell”. “Stop the monster company,” demanded
U.S. seed company Monsanto Co MON.N turned down a sweetened $64 billion (49 billion pounds) acquisition offer from Bayer AG BAYGn.DE, but said it was open to further talks with the German healthcare and chemicals group as well as other parties.
Cette année, ce n’est pas la Californie qui a des problèmes de sécheresse, mais l’Ontario, et les producteurs en souffrent. « On note un déficit de précipitations majeur sur le Sud-ouest ontarien de 50 à 75 % par rapport aux conditions normales depuis les trois derniers mois », explique Robert Michaud, météorologue de sensibilisation aux alertes à Environnement Canada. « Les champs de certains de mes voisins sont des pertes totales; c’est bouleversant. Nous sommes très affectés par la sécheresse », explique le producteur maraîcher d’Otterville John Den Boer. La ferme de John se situe dans l’une des zones les plus sévèrement affectées de l’Ontario, entre London et Hamilton. L’homme se dit chanceux, puisqu’il possède un système d’irrigation et une bonne réserve d’eau qui lui permettent de maintenir la production à un bon rythme. Cependant, ce n’est pas le cas de tous ses voisins. Bien que plusieurs possèdent des systèmes d’irrigation, ils puisent l’eau dans des bassins, qui s’assèchent depuis six semaines par manque de pluie. « Ils ont tout essayé, même de s’approvisionner dans des ruisseaux, mais la production est terminée pour eux », explique-t-il. La situation n’est pas non plus facile pour son fils et ses employés, qui travaillent jour et nuit. Ils n’ont que quelques heures de repos avant de retourner irriguer les champs pour une troisième ou une quatrième fois sous de fortes chaleurs et parfois même la nuit. Néanmoins, le malheur des uns fait le bonheur des autres. Lorsqu’il se rend au Food Market, le Marché Central ontarien, pour y vendre ses produits, John obtient un excellent prix. Cette sécheresse représenterait-elle une opportunité pour les maraîchers québécois? John affirme voir beaucoup d’oignons verts du Québec sur les étals ontariens.
China in March discontinued a minimum price policy through which the state bought corn at above-market prices. The policy had distorted global markets and resulted in an overhang of expensive grain stuffed into state reserves.
Ammonia is the fundamental fertilizer to other nitrogen fertilizers such as UAN (urea ammonium nitrate), as well as phosphate products such as DAP (diammonium phosphate) and MAP (monoammonium phosphate). Ammonia prices act as a precursor to the prices of other key fertilizers. Ammonia price movements for the week ended July 8, 2016, were mixed across the markets. Fertilizer Update: Ammonia Prices Continue Their Lackluster Streak Prices in North America The average ammonia prices in the Cornbelt region saw a 6.3% decline at $415 per short ton ($376 per metric ton) in the last week. This is compared to $443 per short ton ($401 per metric ton) a week ago. However, ammonia prices remained unchanged in the Southern Plains of North America at an average price of $340 per short ton ($308 per metric ton) compared to the previous week. At Port Tampa Bay, the average prices of ammonia also remained unchanged from the previous week at $285 per metric ton. Year-over-year, ammonia prices at these three points remain significantly suppressed by an average of 28%, 32%, and 38%, respectively. The lackluster pricing environment for ammonia continues to weigh negatively on nitrogen producers (MXI) such as Agrium (AGU), Terra Nitrogen (TNH), CVR Partners (UAN), and CF Industries (CF). International prices Average ammonia prices in the Middle East stood at $298 per metric ton FOB (free on board), a 6.9% decline from $320 per metric ton in the previous week. On the other hand, ammonia prices in the Black Sea remained unchanged from the previous week at an average of $250 per metric ton. In Western Europe, ammonia prices stood at an average of $310 per metric ton CFR (cost and freight), which also remained unchanged from the previous week. Year-over-year, prices at these three points in the international market are down by 26%, 38%, and 33%, respectively. Next, let’s see how urea prices moved last week.
The market volatility caused by Britain’s vote to withdraw from the European Union could make it harder for German chemicals and drugs group Bayer to fund a takeover of U.S. seed company Monsanto, sources told Handelsblatt. Meanwhile Monsanto wants Bayer to up the offer by $10 to $15 per share.
SAO PAULO • Monsanto Co. and Microsoft Corp. have formed a partnership to invest in agricultural technology startups in Brazil. Monsanto will join a Brazilian investment fund with up to 300 million reais ($92 million), managed by Microsoft, evaluating ideas for new digital tools to be applied to agricultural production in the country, executives said Monday. Selected ideas will receive initial funding of up to 1.5 million reais ($459,000) for early development. Project owners will have the option to pay back the investment after three years or convert the money into equity. Advertisement (1 of 1): 0:26 "We want to foster new startups in the agricultural sector. There is a vast area for research and development," Rodrigo Santos, head of Monsanto in Latin America, told reporters on the sidelines of the Global Agribusiness Forum (GAF 2016). Technology company Qualcomm is also investing in the fund. ($1 = 3.263 Brazilian reais)
Monsanto Company and Sumitomo Chemical Company, Ltd. announced a new global agreement that will focus on developing and delivering next-generation weed control solutions to further help growers manage tough-to-control weeds.
U.S. corn export sales have outpaced last year as steady buying by Mexico helped to offset sluggish early-season purchases by traditional Asian customers like South Korea and Japan. Now, Mexico is primed to overtake Japan as the single largest U.S. corn importer, knocking Tokyo from the perch it has occupied since the mid-1980s and taking the top spot for the first time ever. The shift illustrates how the United States, once the world's lone grain trading superpower, is now relying on its southern neighbor to absorb more of its ever-growing corn stockpile, analysts said, as rising suppliers like Ukraine and Brazil have disrupted global grain trade flows. It is also the product of a multiyear commodities boom that began in 2007 which bolstered farming in South America and Eastern Europe and grain shipping investments by local governments and large grain traders such as Cargill Inc [CARG.UL] and Archer Daniels Midland Co. At risk is the long-standing dominance of U.S. corn exports, valued at $8.3 billion last year and a crucial outlet for about a third of every U.S. corn crop. "There's been a shuffling of the top of the deck," said Dan Basse, president of Chicago-based consultancy AgResource Co. "It's a very competitive world out there." The change in export patterns highlights how quickly the fortunes in the farm economy can turn, and how little time companies have to respond to those changes, said traders. U.S. corn exports account for a 6.2-percent share of the agricultural products export total, according to the USDA. Despite a three-month buying flurry, Japan remains on pace to buy its second-smallest U.S. corn volume since at least 1999, according to the most recent U.S. Department of Agriculture data. South Korea's haul through mid-June is the second-lowest in a decade. STALLING RALLY But the recent rise in demand by Asia's largest importers could soon stall, thanks in part to Brexit which has riled currency markets. The U.S. dollar has rallied to a three-month high against a basket of currencies after Britain's vote last week to split from the European Union, making dollar-denominated commodities costlier for those holding other currencies. Meanwhile, Brazilian and Argentine corn prices are easing as their late-season corn harvests accelerate. "Buyers respond to price. If you're not able to offer grain cheaper than the next guy, you're not going to get that business," said a U.S. corn exporter who asked not to be named. When Asian buyers started shunning U.S. corn last fall, some of the largest American grain exporters and sellers scouted markets closer to home to offset the losses, said traders. In particular, they turned to markets that industry-funded groups, such as the U.S. Grains Council, had been wooing for years and regularly hosted at U.S. grain elevators and farms. Mexico, traders said, was an obvious place to pitch due to proximity and favorable trade status. For Colombia and Peru, free trade agreements also made buying corn from Brazil and Argentina less appealing than American grain. UNCERTAIN FUTURE Latin American demand for corn is rising with growing livestock and corn processing industries. But as U.S. farmers look to harvest another massive corn crop this fall, questions remain about whether these markets can absorb the surplus. Mexico's import appetite can vary significantly depending on the size of its own grain crop and the availability of alternative feed grains like sorghum, analysts cautioned. The USDA's attache in Mexico this month cut the country's corn import outlook by 1 million tonnes, or 7.4 percent, from the official USDA forecast due to higher-than-previously-estimated domestic production. And, globally, competition from South America is only going to grow. Brazil's agriculture minister last week proposed raising the minimum corn price, a move that could shift more of the country's soybean area into corn production. Corn plantings in Argentina could jump 20 percent after changes to the country's export policies. (Editing by P.J. Huffstutter and Diane Craft)
Commodities entered a bull market on Monday, ending a five-year rout, as supply constraints drive up prices in everything from soybeans to zinc, and help the asset class outperform bonds, currencies and equities so far in 2016. The Bloomberg Commodity Index, which tracks returns from 22 raw materials, closed 21 percent above its low on Jan. 20, meeting the common definition of a bull market. The index is still down about 50 percent from its high reached in 2011.
The GLP aggregated and excerpted this blog/article to reflect the diversity of news, opinion and analysis.
Monsanto is working on anti-aging technology for flowers using a genetic technology it can feed to plants through vase water.
The St. Louis biotech company. . .disclosed in a patent application that it’s testing a new way of stopping roses, carnations, and petunias from wilting.
That could help get flowers to supermarkets, florists, and mortuaries just as they’re ready to bloom. Attempts to do that now are the bane of the fresh-cut-flower industry, which relies on airplanes, tanks of anti-aging gas, and toxic chemicals to do it.
. . . .
. . .the new approach involves temporarily modifying the function of specific plant genes by spritzing them with genetic molecules called RNA, or feeding the molecules to their roots.
. . . Monsanto scientists Jill Deikman and Nicholas Wagner attempted to use RNA to interfere with the ability of cut flowers to make ethylene, an odorless gas known to plant scientists as “the aging hormone.”
. . . .
. . . . A spokesperson for Monsanto said the flower effort represents “early discovery work” by teams that have tried to identify new applications of RNA in agriculture.
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