Deere and Company said Friday that the impact of stronger fundamentals for other crops outweighed the impact of the decline in soybeans, which have fallen because of Chinese tariffs.
A $289 million verdict against Monsanto (Bayer) was the first of what may be thousands of cases in the debate over whether Roundup causes cancer. Bayer’s CEO is trying to ease fears of Bayer investors.
Shares of Bayer slumped as much as 12 percent, the most since September 2011, in Frankfurt, Germany on Monday as investors respond to the guilty verdict in the Monsanto cancer case.
A rout in commodities deepened as the threat of a trade war between the world’s two biggest economies intensified, hitting markets from steel to soybeans.
Bayer AG cleared one big hurdle for its $66 billion takeover of Monsanto, winning European Union approval for the deal after agreeing to bolster BASF SE by selling it seeds, pesticides and digital agriculture technology.
