2017 was second or third warmest year, behind 2016 – U.N.

OSLO (Reuters) – Last year was the second or third warmest on record behind 2016, and the hottest without an extra dose of heat caused by an El Niño event in the Pacific Ocean, the United Nations said on Thursday. Average surface temperatures in 2017 were 1.1 degree Celsius (2.0 Fahrenheit) above pre-industrial times, creeping […] Read more

Rising Brazilian ethanol prices open window for U.S. imports

CHICAGO/SAO PAULO (Reuters) – U.S. ethanol exports to Brazil will spike during the coming months as high gasoline prices and low ethanol supplies drive up demand in the South American country, according to two traders and two brokers active in the market. The southward flow comes as a setback to Brazil’s efforts to curb foreign […] Read more

Strategie Grains cuts this season’s EU soft wheat export outlook

PARIS (Reuters) – Competition from Russian wheat on international markets, notably Africa, prompted French consultancy Strategie Grains to reduce further its forecast for European Union soft wheat exports in the current 2017/18 season. The analyst projected 2017/18 soft wheat exports from the European Union at 21.6 million tonnes, down 750,000 tonnes from last month and […] Read more

India’s winter planting down 0.9 pct – farm ministry

Jan 12 (Reuters) – Winter-crop planting in India fell by about 0.9 percent from the same period last year, government data showed on Friday. The area for winter planting is used as an indicator of farm output, but overall production also depends on a variety of factors, including the weather conditions. Wheat planting since the […] Read more

Mild winter keeps EU crops in good shape, focus on spring sowing

PARIS (Reuters) – Grain crops in the European Union have avoided major damage so far this winter amid relatively mild weather, shifting market attention towards spring crops after rain prevented some autumn sowing in countries like Germany and Poland. Analysts pointed to the usual risk of a cold snap later in winter that could hurt […] Read more

India Dec. vegetable oil imports drop 10 percent on lower soyoil purchases

MUMBAI(Reuters) – India’s vegetable oil imports in December fell 10 percent from a year ago to 1.1 million tonnes as refiners slashed overseas soyoil purchases after supplies rose from the local crop, a trade body said on Friday. The country’s imports of soyoil stood at 79,250 tonnes for the month, well down on the 232,132 […] Read more

Ukraine 2017/18 grain exports down 10 percent

KIEV, Jan 10 (Reuters) – Ukraine has exported 21.3 million tonnes of grain in the agricultural year that began in July, down from about 23.6 million in the same period last year, the Agriculture Ministry said on Wednesday. Exports included 11.4 million tonnes of wheat, 3.8 million tonnes of barley and about 6 million tonnes […] Read more

U.S. grain companies fear harm from new tax law

CHICAGO, Jan 9 (Reuters) – The new U.S. tax law is poised to drive more control over the nation’s grain supply to farmer-owned cooperatives, provoking concern among ethanol producers and privately run grain handlers that they could be squeezed out of the competition to buy crops. Until now, the cooperatives, private companies and publicly traded […] Read more

French wheat export forecast cut again on Black Sea competition

PARIS, Jan 10 (Reuters) – Farming agency FranceAgriMer lowered its forecast for French soft wheat exports outside the EU this season for a third straight month and said there could be more cuts due to unrelenting competition from the Black Sea region. In cereal supply and demand data published on Wednesday, FranceAgriMer pegged French soft […] Read more

Canada takes U.S. to WTO, U.S. says case helps China

GENEVA, Jan 10 (Reuters) – Canada has launched a wide-ranging trade complaint against the United States, the World Trade Organization said on Wednesday, in a dispute that Washington said would damage Canada’s own interests and play into China’s hands. Canada’s complaint, challenging Washington’s use of anti-dumping and anti-subsidy duties, was based on almost 200 examples […] Read more