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Monday, Nov. 19, 2012
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Agrium sees purchase of Viterra farm stores in early '13
Canadian fertilizer company Agrium Inc. expects to close its $575 million (Canadian) purchase of Viterra Inc.'s farm retail stores in the first quarter of 2013, after Glencore completes its takeover of Viterra, Agrium Chief Executive Mike Wilson said on Wednesday. Full story.
Team approach and ‘brain stage’ improve soybeans
Although DuPont Pioneer researchers focus on the soybean traits that benefit growers, the breeders rely on intellect and collaboration to develop new products with improved pest resistance and yield potential. Full story. Monsanto using farmer trials to prove Roundup value
Faced with the challenge of glyphosate-resistant Palmer amaranth pigweed, many Southern farmers have looked to alternative soybean systems of not using any glyphosate as a possible solution, but Monsanto isn’t ready to throw in the towel. Full story.
Upholding RFS commended by biofuels industry
In response to the announcement by the U.S. Environmental Protection Agency that it had denied pending Renewable Fuel Standard waiver requests, biofuel industry spokespersons have issued support for the denial. Full story.
New ag corporate strategy by Hemisphere GPS
The board of directors of Hemisphere GPS has initiated a restructuring mandate with the directive to implement a new profit-focused corporate strategy under the leadership of incoming CEO Rick Heiniger, formerly vice chairman of the company and founder of the Outback Guidance precision agriculture business. Full story.
Researchers to use (RNA) sequencing on bioenergy crops
Researchers with the University of Arkansas System Division of Agriculture and the U.S. Department of Energy will perform transcriptome (RNA) sequencing of bioenergy crop plants susceptible to disease from particular fungi. Full story. New agreement in place for generic traits
The Biotechnology Industry Organization and the American Seed Trade Association announced that the Generic Event Marketability and Access Agreement is now effective. Full story. Herbicide resistance meetings return at ISU
In response to rapidly expanding problems associated with herbicide resistant weeds, Iowa State University Extension and Outreach will conduct a second series of meetings in November and December to address the issue. Full story. Farmland prices: Boom or bubble?
Can the trend in farm and ranch real estate prices continue? A new report from the American Enterprise Institute for Public Policy Research examines current patterns in the price of U.S. land. Full story.  BIG PICTURE
By Doane EconomistThe monthly cattle on feed report showed placements down sharply, but near expectations. Placements during October were 87.5 percent of a year ago, right at the prerelease trade average. However, at only 2.18 million head, placements were the lowest total for October in the large lot data base to 1996. All weight categories for placements were down, but the under 600 pound category was down the most which is a bit more positive for the April and June fed cattle contracts. This marks the fifth consecutive year-over-year monthly decline in placements. As a result, placements are down 1.26 million head or 11.5 percent over the five month period compared to 2011.
Crop Fertility Resource Center
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PotashCorp remains optimistic about 2013 demand
After a lackluster third quarter for most potash manufacturers followed by announcements of temporary mine closures this winter, PotashCorp announced it expects global shipments of potash to rebound in 2013 to between 57 million and 58 million tonnes. Full story.
For more, visit the Crop Fertility Resource Center.
China's continued growth to drive soybean demand, profitability
China will drive global demand, prices and profitability for soybeans as the country’s population, per capita gross domestic product, affluence, urbanization and meat consumption continue to grow. Full story.
For more, visit the Soybean Resource Center.
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Is your company delivering on its sales promises?
Any sale — from the smallest consumer item to the largest enterprise-wide solution imaginable — is about much more than simply providing a product or service. A sale is really about delivering a promise to the customer. Unfortunately, many companies have no idea what their sales promise is. Sure, they may have a company vision or a mission statement, but those things usually don’t address the specific processes the company uses to deliver value to its customers. Full story.
For more Focus on Business articles, click here.
MSU fights wheat disease as part of six-state collaboration
Montana State University faculty and students are fighting back against wheat streak mosaic through a new collaboration that involves the Agricultural Research Service and six universities in Montana, Colorado, Nebraska, Kansas, Oklahoma and Texas. Full story.
For more, visit the Wheat Resource Center.
Corn, soybean prices following short-crop pattern
USDA’s November forecasts of the size of the 2012 U.S. corn and soybean crops were larger than expected, particularly for soybeans. As a result, the general downtrend in soybean prices since mid-September has accelerated, with January futures now at the lowest level since June 29. Full story.
For more, visit the Corn Resource Center.
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