Canola Little Changed as Currency Shakes up Market | WP

Western Producer

"Currency moves were the big shakers in the crop market on Thursday.

The U.S. dollar jumped higher after release of the minutes of a meeting of the Federal Reserve that showed that a June interest rate hike was likely.

The prospect of an early interest rate increase pushed the U.S. buck sharply higher and that initially pressured all American crop futures markets lower.

ICE Futures canola also fell, even though the loonie weakened by about a penny.

Video: click here for the latest  crop market update

But later in the morning the U.S. currency gave back some of the gains and crop futures bounced back, led higher by soy meal, which closed higher on the day. Soy meal caught fire April 8 and has jumped 40 percent higher since then while soy oil has generally fallen since then.

Vegetable oil prices have been limited by a faster-than-expected recovery in palm oil production, which had been trimmed during the winter by El Nino drought.

Even with the late rally today, soybeans closed the day lower but only slightly, with new crop November down only four cents or 0.38 percent.

For canola, the July contract closed up 50 cents or 0.1 percent at $523.10 a tonne.

New crop November closed down 10 cents or 0.02 percent at $519.70.

Canola was also supported by talk of new export sales to China.

The market, and Alberta farmers alike, are keen to see if forecasts for significant and much needed moisture in large parts the province later today and on Friday will prove correct.

Today the rain in western Alberta has turned to snow and and the Peace region got snowfall warnings early in the afternoon of 10 to 15 centimetres.

The moisture is also expected to drift into southwestern Saskatchewan.

The expectation for rain on Monday in southern Manitoba appears to be reduced in latest forecast.

The Canadian Grain Commission’s weekly report said that in the week to May 15 canola exports totaled 328,800 tonnes, well up from the 133,800 tonnes the previous week.

Canadian wheat exports were slower at 228,200 tonnes, down from an impressive 498,800 tonnes the week before.

Agriculture Canada’s monthly supply and demand report on Wednesday revised down its expectation for 2016–17 canola carryout to a very low 700,000 tonnes.

The department’s analysts forecast a 15.4 million tonne canola crop based on the acreage in the March seeding intentions report and a projected average yield of 33.3 bushels an acre, down from 38 bu. in 2015.

However, Prairie farmers almost always wind up seeding more canola than they expected in the March report.

Chicago corn and wheat closed down more than two percent while Minneapolis spring wheat was down about 1.5 percent.

New crop December corn closed below $4 a bushel at $3.97 ¼, however that was up from the day’s low of $3.91 ¾.

Light crude oil nearby futures in New York were down three cents to US$48.16 per barrel.

The Canadian dollar at noon was US76.25 cents, down more than one cent from 77.35 cents the previous trading day. The U.S. dollar at noon was C$1.3116.

The Toronto Stock Exchange composite closed down 8.69 points or 0.06 percent at 13,817.32.

The Dow Jones industrial average fell 91.42 points, or 0.52 percent, to 17,435.2, the S&P 500 lost 7.61 points, or 0.37 percent, to 2,040.02 and the Nasdaq Composite dropped 26.59 points, or 0.56 percent, to 4,712.53."

Winnipeg ICE Futures…

Source: Canola Little Changed as Currency Shakes up Market | WP


EU Delays Re-Approval for Glyphosate, Again | AgroNews

Agronews

"The EU on Thursday failed to agree on the re-approval of glyphosate in Europe amid fresh fears the product could cause cancer.

This is the second time that regulators from the 28 EU members states, in addition to the European Commission, delayed their decision on rolling over the approval for glyphosate amid fierce lobbying from both sides of the issue.

‘The Commission has made clear that it would not proceed without a solid qualified majority (QM) of Member States,’ a spokeswoman for the commission, the EU’s executive arm, said in an email.

‘Since it was obvious that no qualified majority would have been reached, a vote was not held,’ the spokeswoman added.

Glyphosate was first used in the 1970s as the active ingredient in the Monsanto herbicide Roundup, which is now one of the world’s most popular herbicide .

The European Commission, the EU’s top regulator, recommended that the bloc greenlight glyphosate for another nine years when its current licence ends on June 30.

But critics, led by Greenpeace, point to research from the World Health Organisation that concludes glyphosate may be carcinogenic and are calling for the ingredient’s outright ban.

Among major EU member states, France and Austria have expressed opposition to glyphosate , while Germany remains divided on the issue.

French Environment Minister Segolene Royal in a tweet said: ‘Very good news. More and more countries are following France and refused authorisation’.

Complicating the issue, there is a lack of a scientific consensus on the danger of glyphosate .

Last week, a review carried out by pesticide experts from the World Health Organization and the Food and Agriculture Organization said ‘glyphosate is unlikely to pose a carcinogenic risk to humans from exposure through the diet.’

That appeared to contradict a March 2015 finding from the WHO’s International Agency for Research on Cancer (IARC) which said glyphosate ‘probably’ caused cancer.

In a statement, the Monsanto-backed Glyphosate Task Force regretted an ‘acute politicisation of the regulatory procedure’.

‘The GTF consider this situation to be discriminatory, disproportionate and wholly unjustified,’ said Richard Garnett, head of the task force.

The main European farmers’ union, Copa-Cogeca, said it regretted that no vote had taken place Thursday, with secretary general Pekka Pesonen warning that the bloc would be at ‘a competitive disadvantage’ with non-EU countries if glyphosate were to be banned.
"

Source: EU Delays Re-Approval for Glyphosate, Again | AgroNews

This is a great example of exchanging scientific regulation with political machination. It is a good thing you can always import food from elsewhere, not so good if you are a farmer.


Organic is hot, but how hot? | The Packer

The Packer

"Estimating triple the fresh produce organic sales as other projections, a new estimate from the Organic Trade Association reports organic fresh fruit and vegetable sales in 2015 rose 10% to $13 billion.

The Washington, D.C.-based OTA issued a news release and summary of the Organic Industry Survey, but spokeswoman Barbara Haumann said detailed chapters in the report are not yet ready for release.

Total organic food sales in 2015 were put at $39.7 billion, up 10.6% from 2014 about double compared with 2007, according to the report.

The survey was conducted by Nutrition Business Journal, polling more than 200 organic companies from January through March. Respondents were asked to report revenues, sales growth and revenue by product, and data by sales channels.

Haumann said in an e-mail that the OTA survey covers retail sales, not organic foodservice sales. The survey includes estimated sales from farmers markets, retail stores, community-supported agriculture groups, mail order/online sales, direct sales to consumers and exports.

Not all of those channels are included in other industry estimates tracking organic fruit and vegetable sales. The OTA has previously said that about 93% of organic sales take place in conventional and natural food supermarkets and chains.

Divergence

The OTA numbers for organic fresh fruit and vegetable were considerably higher than other estimates of organic fresh fruit and vegetable sales. Compared with the $13 billion estimate from the OTA, Illinois-based FreshLook Marketing pegged total retail sales of organic fresh produce at $4.54 billion in 2015, up 11.2% from $4.031 billion in 2014. FreshLook Marketing said organic produce sales accounted for 7.5% of total retail produce sales in 2015, up from 6.9% in 2014.

The OTA survey said almost 13% of the produce sold in the U.S. is now organic, but that number also is above other industry estimates that track supermarket sales that put the number closer to 8% or 9%.

Nielsen Perishables Group data compiled for the United Fresh Produce Association’s FreshFacts on Retail report indicates 2015 organic produce sales were $3.9 billion, up 14.9% from 2014. Nielsen estimates that the organic share of total produce sales reached 8.3% in 2015, up from 7.5% in 2014. Nielsen estimated the total number of produce items on retail shelves grew 17% last year. Nielsen said leading organic fresh produce items in 2015, by value, were packaged salads, berries, apples and carrots.

A Nielsen Perishables spokesperson could not be reached for comment.

The U.S. Department of Agriculture does not estimate retail sales and the Commerce Department does not break out organic food sales, said Catherine Greene, economist with the USDA.

She said the agency has routinely published estimates from the Nutrition Business Journal, which she said are typically about 10% lower than the OTA survey numbers- even though NBJ also produces the OTA survey. For example, for 2015, the NBJ estimated that total organic foods sales were $37.1 billion compared with $39.75 billion as reported in the OTA survey. Yet the NBJ had higher numbers for organic fresh fruit and vegetable sales compared to the OTA survey, pegging the category at $14.9 billion in 2015 sales compared with the $13 billion estimate in the OTA survey.

Greene said it could be that both high and low estimates miss the mark.

Beside some retail formats that may not be tracked by Nielsen and other data firms, Greene said some sales of organic produce sold bulk could be missed at checkout.

“Scanner data may not capture everything in terms of organic fruits and vegetables,” she said.

Greene said that some organic produce is intentionally sold as conventional, but she said that percentage of organic sales is very low.

Segment still growing

Whatever the growth rate and share of market, industry sources said it is headed higher.

Former Nielsen executive Steve Lutz. now vice president of marketing at Wenatchee, Wash.-based Columbia Marketing International, said Nielsen numbers don’t include Whole Foods, Trader Joe’s and other natural food retailers.

For 2015, Lutz said that the 13% share for organic produce in the whole produce department seems high. Recent numbers he has heard from Nielsen indicate an organic share of 9.3% of the total produce department. The percent of volume would be lower — perhaps 6% or so — because higher prices for organic generate greater sales than conventional produce.

“How they get to 13%, I don’t know — it’s possible,” he said. “(OTA) numbers historically have seemed high.”

Going forward, Lutz believes the organic category will continue to grow, reflecting strong consumer demand. For apples, the low pest load and low humidity in the Northwest points to continued growth in production.

Organic apples have been growing 12% to 15% every year for the past four or five years and conventional apples have slipped 1% to 2% each year, he said. “I don’t see that changing anytime soon, and I wouldn’t be surprised to see in three our four years to see that organic share go to 15% or higher in Washington,” he said.

As organic supply and consistency grows, more retailers may choose to stock only organic and not conventional, which will accelerate the share of market growth for organic, he said."

Source: Organic is hot, but how hot? | The Packer


Soy Price Jump Likely to Boost US plantings of Soybeans, Corn | AgroNews

Agronews

"Rallying prices for soybeans are likely to encourage U.S. farmers to plant more of the oilseed this spring and could turn expected losses into profit.

They may also prompt growers to devote additional acreage to corn.

Historically, big gains in soybean acreage stemming from a spring price rally have gone hand in hand with additional corn seedings, with farmers cutting back on specialty crops that require more care on hopes that corn prices will catch up to the gains in soy.

Oklahoma farmer Jerod McDaniel said he is switching some acreage that he had initially planned to seed with sorghum to corn. Both corn and sorghum require applying nitrogen as fertilizer to fields before planting. The costly input would be wasted if McDaniel seeded soybeans in the same spot.
‘I will put in as much corn as I can,’ McDaniel said. ‘I kind of think you take your shots where you can right now.’

According to U.S. Agriculture Department data going back to 1980, the earliest year that the government’s report on what farmers intend to plant was available, corn acreage has risen from the March outlook in seven of the 10 years in which soybean acreage has posted the biggest gains from the initial forecast.

Gains in corn acreage have actually outpaced the soybean acreage increases in three of those years; in 1982, 1987 and 1997. During the seven years of big soy gains, when corn acreage has also grown, final soybean plantings have been an average of 1.704 million acres bigger than the March outlook, while corn acreage gains have averaged 1.332 million.

In March, the USDA’s prospective plantings report estimated farmers will plant 82.236 million acres of soybeans and 93.601 million acres of corn.

In the past, farmers have chosen to boost corn seedings along with soybeans even when gains in soybean prices have far outstripped the corn market’s performance.

During the seven years when corn acreage gains have accompanied big jumps in soybean plantings, corn prices have averaged a scant 0.3 percent gain throughout the planting season. Soybean prices have risen an average 3.8 percent by comparison.

This year, soybean prices have surged 17.9 percent since the USDA’s March planting forecast, while corn has gained 6.3 percent.

With the renewed strength in the futures market, coming at a time when concerns about plentiful global supplies and a choppy export outlook have cast a bearish tone over the market for much of the past year, farmers are looking at every acre available for seeding.

‘If farmers can make money or break even, they find ground and they plant it,’ said Tom Grisafi, a market adviser at Advance Trading."

Source: Soy Price Jump Likely to Boost US plantings of Soybeans, Corn | AgroNews


The Andersons Rejects Acquisition Proposal From HC2 | AgroNews

Agronews

"The Andersons, Inc. has announced that its Board of Directors has rejected two non-binding, highly conditional, unsolicited proposals from HC2 Holdings, Inc. to acquire all outstanding shares of The Andersons. The Andersons’ announcement is in response to HC2’s public disclosure of its offer on Tuesday.

On January 29, 2016, The Andersons received a private, unsolicited proposal from HC2 to acquire the company for $35 per share in cash. A subsequent proposal was submitted on March 22, 2016 for $37 per share in cash. The Andersons’ Board of Directors, after careful review in consultation with its independent financial and legal advisors, unanimously determined that both of HC2’s proposals undervalue The Andersons and are not in the best interests of the company or its shareholders and other stakeholders.

‘We believe HC2’s proposals ignore our value and prospects as a standalone entity and represent an opportunistic attempt to acquire the Company at a low point in the industry cycle. Following a thorough review, and in consultation with our independent financial and legal advisors, our Board determined that the offers are not credible, significantly understate the Company’s true value and are not in the best interests of our shareholders,’ said Chairman Mike Anderson. ‘Our Board and management team remain confident in our ability to execute on our standalone plan and believe we are well positioned to continue to create significant long-term value for shareholders.’

The company also noted that HC2’s letter dated May 17, 2016 contained numerous inaccuracies and misleading statements. Among others, HC2’s claim that The Andersons did not substantively respond to its $37 per share offer is patently false."

Source: The Andersons Rejects Acquisition Proposal From HC2 | AgroNews

I have been to Maumee Ohio – home of the Andersons. The Wall Street Journal reported that HC2 is owned by hedge-fund manager Philip Falcone and that the bid for the Anderson’s was about 1B cash.


Bayer Eyes $42B Monsanto in Quest for Seeds Dominance | Bloomberg

Bloomberg Business

"Bayer AG made an unsolicited takeover offer for Monsanto Co. in a bold attempt by the German company to snatch the last independent global seeds producer and become the world’s biggest supplier of farm chemicals.

The St. Louis-based company, with a market value of $42 billion, said it’s reviewing the offer in a statement Thursday. It didn’t disclose the terms of the proposal. Bayer, confirming the bid, said the combination would bolster its position as a life sciences company. Bloomberg News was first to report a week ago that Bayer was exploring a potential takeover.

Shares of Bayer plunged amid concern that a large purchase would weigh on its credit rating and force the company to sell more stock. The proposal by Werner Baumann, who’s been at Bayer’s helm for less than a month, follows Monsanto’s failed attempt to buy Syngenta and the proposed merger of Dow Chemical Co. and DuPont Co.

To help finance its quest to buy the world’s largest seed maker, Bayer is considering asset disposals and a share sale, according to people familiar with the matter, who asked not to be identified because discussions are private. The German company is exploring the potential disposal of its animal-health business and the remaining 69 percent stake in plastics business Covestro AG, the people said. Animal health could fetch $5 billion to $6 billion, according to one of the people, and the Covestro holding is worth about 4.9 billion euros ($5.5 billion).

Monsanto’s Litany of Woes Makes It Ripe for Bayer Takeover

If Bayer buys Monsanto, it could be the biggest acquisition globally this year and the largest German deal ever, according to data compiled by Bloomberg. A takeover of Monsanto would require an enterprise value of as much as 65 billion euros, according to analysts at Citigroup Inc.

Bayer fell 7.4 percent to 89.13 euros, the lowest in more than 2 1/2 years, as of 1:39 p.m. in Frankfurt trading. The shares had dropped 17 percent this year, through Wednesday. Monsanto shares rose in pre-market trading to $105.37, after closing at $97.13 in New York on Wednesday.

Merging Monsanto with the company that invented aspirin would bring together brands such as Roundup, Monsanto’s blockbuster herbicide, and Sivanto, a new Bayer insecticide.

Goat Sacrifice

Monsanto is particularly vulnerable to a takeover after piling up a mountain of problems this year. The company has cut its earnings forecast, clashed with some of the world’s largest commodity-trading companies and become locked in disputes with the governments of Argentina and India. Shares are down 19 percent in the past 12 months.

“It’s a relentless string of bad news,” Jonas Oxgaard, an analyst with Sanford C. Bernstein & Co. in New York, said. “It’s almost like they forgot to sacrifice a goat to the gods.”

A wave of deals is already reshaping the seed and crop-chemicals industry. China National Chemical Corp. agreed in February to acquire Switzerland’s Syngenta AG for about $43 billion, months after Monsanto abandoned its own bid for Syngenta. DuPont and Dow plan to merge in a $65.6 billion deal and then carve out a new crop-science unit.

Record Deals

A completed acquisition would extend a record-setting pace of consolidation in the global chemicals sector, which has seen $84 billion of deals this year as low crop prices encourage mergers, according to data compiled by Bloomberg. With a premium, a takeover of Monsanto could surpass ChemChina’s purchase of Syngenta as the largest acquisition globally this year, the data show.

A price around $120 to $125 a share, representing a premium of 35 percent to 40 percent, would probably be needed to get a Bayer-Monsanto deal done, Bernstein analysts Jeremy Redenius and Ronny Gal wrote in a note to clients Thursday.

“Despite the ongoing consolidation in the agrochemicals market, we believe there is no need for Bayer to rush into a deal with Monsanto,” Bankhaus Lampe KG analyst Volker Braun said in a research note. “We see enough opportunities arising from pending M&A transactions in the industry to buy assets at better prices and more favorable risk profiles.”

Commodities Slump

Monsanto is facing a slump in agricultural commodities and its offer to buy Syngenta for about $46.2 billion was spurned last year. Sales in the quarter ending in February fell 13 percent from a year earlier to $4.53 billion. Prices for corn and soybeans declined in the last three calendar years, hurting demand for everything from tractors to weedkiller.

A deal with Bayer would help the company reduce its reliance on the agriculture industry, while Monsanto would strengthen Bayer’s seed business, one of the company’s priorities.

Morgan Stanley & Co. and Ducera Partners are Monsanto’s financial advisers, and Wachtell, Lipton, Rosen & Katz is its legal adviser.

Bayer in an e-mailed statement confirmed that it had recently met with Monsanto executives to “privately discuss a negotiated acquisition” of the seedmaker.

Monsanto was founded in 1901, its first product the artificial sweetener saccharin. It introduced one of its first genetically modified seeds in 1996, Roundup Ready soybean, spawning heated controversy with critics of biotechnology. Bayer’s products range from blood thinner Xarelto to consumer products and pest-control treatments for farmers.

Bayer is transitioning to new leadership. Strategy head Baumann took over from Chief Executive Officer Marijn Dekkers this month. Dekkers has already reshaped Bayer, increasing its focus on life sciences by buying Merck & Co.’s over-the-counter medicines business and divesting a stake in its plastics unit.

(An earlier version of this story was corrected to show that ChemChina’s name is China National Chemical Corp.)"

Source: Bayer Eyes $42B Monsanto in Quest for Seeds Dominance | Bloomberg


Bayer Garden in Unilateral Binding Offer With French Company SBM Developments | Horticulture Week

Horticulture Week

"The ‘unilateral binding offer’ with the French company is to acquire Bayer Garden in Europe and Bayer Advance in North America.

The two companies are both based in Lyon, France.

SBM has a large presence in the French home and garden market with biological and synthetic products, fertilisers and soils but has no presence in the UK.

Bayer Garden head Darren Brown said: ‘Potentially this is very good news for the Bayer Garden business both for retailers and the end consumer and employees because they have no presence in the UK.’

He said the deal would be a building strategy investment rather than an equity investment.

He said the SBM range would compliment Bayer’s range and Bayer’s Baby Bio, Phostrogen and other brands would remain.

Brown said the deal would take eight or nine months to complete."

Source: Bayer Garden in Unilateral Binding Offer With French Company SBM Developments | Horticulture Week

This seems to be Bayer breaking the first piggy bank to pay for the Monsanto deal.


Bayer Offers to Buy Monsanto in Global Agrochemicals Shakeout | WP

Western Producer

"NEW YORK/FRANKFURT, May 19 (Reuters) – German drugs and chemicals group Bayer has made an unsolicited takeover proposal to U.S. seeds company Monsanto, aiming to create the world’s biggest agricultural supplier and take advantage of converging pesticides and seeds markets.

Monsanto disclosed the approach on Wednesday before Bayer confirmed its move, though neither released proposed terms.

The $42 billion market capitalization of Monsanto means that the deal would be likely to eclipse ChemChina’s planned acquisition of Swiss agrichemicals company Syngenta — a target Monsanto itself pursued last year — and could face U.S. antitrust hurdles.

A Monsanto statement said that its board was reviewing the proposal, which is subject to due diligence, regulatory approvals and other conditions. There is no assurance that any transaction will take place, it added.

Bayer shares dropped more than 8 percent to a 2–1/2 year low of 88.39 euros in early Thursday trading, with some investors worried by the potential cost of a deal.

Monsanto shares were seen 7.6 percent higher at $104.50 in pre-market trades.

UBS Global Asset Management, which Reuters data shows is among Bayer’s 30 biggest investors, said it was ‘deeply concerned’ about the burden on Bayer’s finances from a takeover, saying it would prefer the companies to agree a joint venture or a nil-premium merger.

Deutsche Bank analysts said a deal could shift Bayer’s centre of gravity to agriculture, accounting for about 55 percent of core earnings, up from roughly 28 percent last year excluding the Covestro chemicals business Bayer plans to sell.

That would have a negative impact on sentiment among Bayer’s healthcare-focused investor base, the bank said.

Bayer, which has a market value of $90 billion, said the merger would create ‘a leading integrated agriculture business’, referring to Bayer’s push to seek more synergies from combining the development and sale of seeds and crop protection chemicals.

Most of the major agrichemical companies are aiming to genetically engineer more robust plants and custom-build chemicals to go with them, selling them together to farmers who are struggling to contend with low commodity prices.

While no takeover price was mentioned by either company, Bernstein Research analyst Jeremy Redenius estimated that it would be 41.9 billion euros ($47 billion), plus 6.7 billion euros in assumed debt. He said that Bayer might need a 27 billion euro share issue to help to fund the purchase.

Citi analysts have said that Bayer would probably need to pay 14–16 times Monsanto’s core earnings, implying a takeover price including debt of 57 billion euros to 65 billion euros.

A sale of Bayer’s stake in foam chemicals maker Covestro could raise about 4 billion euros, while its animal health business, which Bayer has said it might put on the block, could fetch up to 7 billion euros.

The proposal comes as ChemChina’s deal for Syngenta faces regulatory review in the United States over concerns about the security of U.S. food supply.

Any deal between Bayer and Monsanto, which would be Bayer’s largest by far and dwarf the 17 billion euro takeover of drugmaker Schering in 2006, could raise U.S. antitrust concerns because of an overlap in seeds business, particularly in soybeans, cotton and canola, antitrust experts have said.

The proposal comes less than three weeks after Werner Baumann took over as Bayer chief executive, a sign of the power base he built in his previous role as strategy chief.

Bayer, the inventor of aspirin and maker of Yasmin birth control pills, is far more diversified than Syngenta or Monsanto, with products including cancer drugs, flea and tick collars for pets and Coppertone sunscreen. Some analysts have said a deal with Monsanto could lead to a break up of the group.

Bayer’s crop science division has businesses in seeds, crop protection and non-agricultural pest control, potentially complementing Monsanto’s seeds assets.

BAYER, BASF AMBITIONS

Both Bayer and German rival BASF SE have been looking to build scale in agrichemicals. Monsanto said after its failure to land Syngenta that it didn’t need to do a deal, but it has also been involved in discussions.

Monsanto approached Bayer this year to express interest in the latter’s crop science unit, in the form of an acquisition or joint venture, sources told Reuters in March.

Both Bayer and BASF had been exploring tie-ups with Monsanto for months but valuation concerns have made a deal elusive, sources have said.

Bayer is ranked No. 2 in crop chemicals, with an 18 percent market share, just behind Syngenta on 19 percent, industry data shows.

Monsanto is the leader in seeds, with a 26 percent market share, followed by DuPont with 21 percent. DuPont agreed last year to merge with Dow Chemical. Any Bayer-Monsanto deal would further reduce the number of major players in seeds and pesticides to four from six.

Morgan Stanley and Ducera Partners are financial advisers to Monsanto, the company said in its statement, while Wachtell, Lipton, Rosen & Katz is legal adviser. ($1 = 0.8920 euros) (1 euro = $1.1205)"

Source: Bayer Offers to Buy Monsanto in Global Agrochemicals Shakeout | WP


Biofungicide Triathlon BA Receives US OMRI Certification | AgroNews

Agronews

"OHP announces that Triathlon BA (Bacillus amyloliquefaciens strain D747) biofungicide is now listed by the Organic Materials Review Institute (OMRI) for organic use.

‘While Triathlon BA complies with the USDA for organic production, the OMRI listing is a very important additional certification,’ notes OHP vice president of sales Terry Higgins. Triathlon BA is used in both organic and traditional growing systems.

Triathlon BA is a broad-spectrum preventative biofungicide for control of a wide variety of fungal and bacterial diseases on ornamentals, fruits, vegetables, herbs and spices grown in greenhouses, nurseries, and shade houses.

Triathlon BA can also be included in a fungicide rotation program and it is compatible with most insecticides and with other fungicides."

Source: Biofungicide Triathlon BA Receives US OMRI Certification | AgroNews


Canada OKs Sumitomo Chemical’s mandestrobin fungicide-Agricultural news-Agropages.com

Agronews

"The Canada’s Pest Management Regulatory Agency (PMRA) has proposed to grant full registration for the sale and use of Sumitomo Chemical’s Mandestrobin Technical and the associated end-use products: S–2200 4 SC Fungicide, Intuity Fungicide, Pinpoint Fungicide, and S–2200 3.2 FS Fungicide, containing the technical grade active ingredient mandestrobin, for the management of various fungal diseases in:

  • canola and other oilseed crops
  • corn
  • grape
  • legume vegetables
  • strawberry and other low growing berries
  • turfgrass.

The public comments for 60 days have been opened until July 17, 2016.

Mandestrobin is a strobilurin fungicide. It has gained the approval in EU in 2015 and will be approved in US."

Source: Canada OKs Sumitomo Chemical’s mandestrobin fungicide-Agricultural news-Agropages.com

I’m not sure the PMRA should go out on a limb and guarantee a registration for EPA.