France, Europe’s biggest grain producer, announced aid on Friday for farmers hit by the severe drought that has afflicted the country since the summer, along with much of northern Europe. The government will tap an agricultural disaster fund for farmers as part of a broader aid package unveiled by Agriculture Minister Didier Guillaume during a […] Read more
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France triggers disaster fund for drought-hit farmers
Indonesia’s 2018 food wheat imports to rise 6% despite cost hike
JAKARTA, (Reuters) – Indonesia’s imports of wheat for flour are expected to reach 8.5 million tonnes this year, an industry body said, up from 8 million tonnes in 2017, despite increasing prices of the grain. Indonesian demand for noodles, biscuits and snacks like martabak, a local version of a pancake, has climbed steadily in recent […] Read more
Louis Dreyfus CEO, finance chief quit in latest shake-up
PARIS, (Reuters) – Louis Dreyfus Company announced the surprise departures of its chief executive and head of finance on Tuesday, triggering another reshuffle at the commodities giant as it strives to recover from weak agricultural markets. The group said in a statement that Gonzalo Ramirez Martiarena had resigned as CEO after three years in the […] Read more
Brazil to import 1 mln tonnes of soy from U.S., says trader
SAO PAULO, (Reuters) – Brazil, the world’s No 1 soy exporter, is expected to import around 1 million tonnes of the oilseed in coming months from its largest global competitor, the United States, as local supplies dwindle, according to Sao Paulo-based grain trader Agribrasil. It would be the first time that the South American nation, […] Read more
Brazil’s Gavilon aims to be top non-traditional soybean exporter to China
SAO PAULO – Grains origination company Gavilon do Brasil could become Brazil’s largest non-traditional, “asset-light” soybean exporter to China in three years despite being a relatively new player here, a top executive said. Brazil general manager Fabrício Mazaia said in an interview the firm could reach that goal without immediately investing in assets such as […] Read more
European Commission approves Canadian canola for new biodiesel standard
WINNIPEG, Manitoba, Dec 19 (Reuters) – The European Commission has approved Canadian canola for use in producing biodiesel in the European Union under its tougher environmental standard, the Canadian government said on Tuesday. The EU currently requires feedstocks used to produce biodiesel to emit 35 percent less greenhouse gases over their life cycle than fossil […] Read more
Canola edges higher Tuesday on bargain buying
ICE Canada canola futures rose on Tuesday for just the second time in 10 sessions, on bargain-buying and a slowdown in technical selling. Higher Chicago soyoil prices added strength to canola. * January canola gained $2.60 to $493.80 per tonne. Most-active March canola rose $2.40 to $501.10. U.S. soybean futures fell for the ninth time […] Read more
Rapeseed to decline in EU as biofuel wanes, exports to boost wheat- report
PARIS, Dec 18 (Reuters) – Rapeseed will lose ground as a crop in the European Union in the next decade as biofuel demand wanes and other oilseeds capture more growth from edible oil and livestock feed markets, according to the EU’s executive forecast. Rapeseed is the most produced oilseed in the EU but its prospects […] Read more
Canola falls $10.10 per tonne on week on comfortable supply
ICE Canada canola futures edged higher on Friday, halting a seven-session skid on support from a weakening Canadian dollar. Canola’s slide began with a Dec. 6 Statistics Canada report that showed a much larger Canadian canola harvest than expected. January canola added $1 to close at $495 per tonne. Compared to the previous Friday, the […] Read more
Argentina rain dampens oilseed market Thursday
Expectations for improved soil moisture in Argentina with the forecast for weekend rain pressured oilseeds lower on Thursday. Soybeans were down a little more than one percent and canola fell a little less than one percent. The loonie has rallied back above US78 cents. Corn was basically unchanged and wheat rallied slightly on short covering […] Read more
