Archive for May 14th, 2021

KANSAS CITY, MISSOURI, US — Kansas City Southern (KCS) on May 13 said its board of directors has determined that Canadian National Railway’s (CN) proposal to acquire the business is a “company superior proposal” to one originally put forth by Canadian Pacific (CP) on March 21. As a result, KCS said it has notified CP that it intends to terminate KCS’s merger agreement with CP and enter into the definitive agreement with CN. KCS said CP still has the right ...

MOSCOW, RUSSIA – Russia’s wheat production for marketing year 2021-22 is forecast to decline by 9% as poor weather in recent months has reduced yield prospects, according to a May 13 Global Agricultural Information Network report from the US Department of Agriculture (USDA).

The drop in wheat output, to 77.5 million tonnes, is projected to more than offset increases in corn and barley production of 6% and 7%, respectively. The USDA forecasts Russia’s total grain production to decline by 5% to ...