Japan-based Marubeni is selling most of its U.S.-based grain business run by Gavilon to Netherlands-based Viterra for $1.125 billion. Marubeni cited challenges owning Gavilon, which had taken significant financial losses during the past several years due to lower commodity prices.
The findings of a University of Nebraska study published in the Proceedings of the National Academy of Sciences bring into question the role corn genetics play in higher yields.
Potash was down slightly, but the other retail fertilizer prices were slightly higher for the third week of January. 10-34-0 hit the $800/ton level for the first time since March 2012.
