Farmers scale back fertilizer pressuring corn planting
Farmers expect lower nitrogen use as fertilizer costs stay high despite natural gas dropping 40 percent from last year. Corn, the biggest nutrient user, may see reduced acres and yields as producers weigh side dressing and budget constraints amid USDA price projections for corn and soybeans.
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Merger delay weighs on US Foods amid Sysco bid
US Foods reports it is managing through a suspended sale to Sysco as the 15 month process drags on. Executives cite weather and inflation while noting some sales staff departures and stability since the merger pause. FTC opposition and a May 5 hearing loom, with 11 facilities to be sold to Performance Food Group if the deal proceeds.
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