Double dent to NZX from dairy market downturn

The exchange operator reports an accelerating drop in dairy derivatives volumes, and in magazine ads too. Still, equity, debt listings rise

Syngenta shares rise, on ChemChina-takeover optimism
The Swiss pesticide giant expects its sale to ChemChina to be complete by the end of the year, helping markets shrug off some weak results
Starbucks slows pace of coffee buying, even as prices rise
The coffee giant, unveiling results which fall short on some metrics, reveals it has slowed its pace of bean buying by more than one-third
Yara offers hope for end to nitrogen downturn - sending shares up 9%
Yara flags a pick-up in European demand, including pre-buying for next season, encouraged by low prices which are squeezing out Chinese imports
Wilmar shares recover, a little, after worst fall since 2012
Brokers issue a series of downgrades on Wilmar shares, after the ag giant's "surprise" profits warning. Still, the stock closes well above lows
Delays to China potash-buying deal bode well for price recovery
... at least, according to Canada-based giant PotashCorp, which says prices, currently near 10-year lows, could find support later this year
Monsanto rejects Bayer's sweetened $64bn offer - but still open to talks
The US seeds giant terms "financially inadequate" Bayer's \$125-a-share bid. Bayer hits back by flagging Monsanto's "recent weak performance"
Soy, sugar rallies wrong-foot Wilmar, which plunges into rare loss
The agricultural trading giant is to report its first loss in more than a decade, thanks to losses incurred on soybean and sugar bets
Cal-Maine Foods, US officials spar over future of egg prices
US ag officials forecast a continued revival in egg prices from "near-historic lows". But Cal-Maine, the world's top producer, is not so sure...
Potash shares rally as Belaruskali inks China supply deal
The long-delayed singing of a Chinese supply contract gives a benchmark to the potash spot market, after months of uncertainty
Potash price to fall for years, as Credit Suisse warns on 'false hope'
The potash market will remain under pressure "for years, not quarters" Credit Suisse warns
Farmland Partners, Gladstone Land snap up Florida farms
Farmland Partners takes its US land portfolio to 113,000 acres, two days after peer Gladstone Land buys pepper- and bean-growing land
CropEnergies calls for clarity on EU ethanol policy, as it restarts UK plant
The UK's biggest ethanol plant is coming out of mothballs, as cheaper wheat makes production profitable again
Yara, PotashCorp throw brickbats at each other's fertilizer sectors

Lower food prices are more of a threat to demand for potash than nitrogen, Yara says. But PotashCorp flags up a contrasting dynamic

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