July 26, 2016

26/07/2016: Oilseed and Grain news

Shareholder approval moves Dow-DuPont forward
The much-anticipated Dow-DuPont merger will now move ahead after shareholders from both companies approved the deal last Wednesday.
    
Bumper wheat crops, poor quality impact animal feed rations
Record global wheat stocks, lower quality, and lower prices, are driving the world’s livestock producers to swap out corn for feed wheat.
    
Port strike in Argentina expected to disrupt corn and soybean exports
Striking truckers in Argentina have pledged to block major grain ports in the country, calling for higher freight prices after gasoline prices jumped 31 percent and road tolls soared 400 percent.
   
COFCO, Chinatex merger gets approval
China is streamlining its state owned entity sector after overall profits for the companies fell by 3 percent in the first half of 2016 to US$93.32 billion.
     
EU approves Monsanto’s RoundUp ready 2 Xtend soybeans
After months of delays due to debates regarding the safety of glyphosate herbicides, the EU has granted a 10-year approval for the import and processing of Monsanto’s RoundUp ready 2 Xtend soybeans.
    
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Image: Vanessa Pike-Russell
Australia’s grain industry healthier than five years ago – grain growers report
The latest State of the Australian Grain Industry report issued by Grain Growers shows a 50 percent increase in the value of Australia’s grain production over the five year period to 2015.
        
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