CHICAGO, July 10 (Reuters) – Severe U.S. weather likely dented earnings for large grain companies including Archer Daniels Midland Co and Bunge Ltd for a second straight quarter, adding to headwinds from a still-unresolved U.S.-China trade war, analysts and economists said. ADM and Bunge, as well as peers Cargill Inc and Louis Dreyfus Co, known […] Read more
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China warns meat exporters to comply
BEIJING (Reuters) – China’s customs administration warned meat exporting nations this week to comply with its rules on imports, following a series of problems it identified in Canadian pork shipments. Representatives from around 30 countries attended a meeting on Monday afternoon in Beijing hosted by Bi Kexin, Director General of the Import and Export Food […] Read more
U.S. farmers plant more corn despite floods; prices sink
CHICAGO, June 28 (Reuters) – U.S. farmers planted more corn than expected despite heavy rains and flooding that market watchers had said kept farmers out of the fields for much of the spring, the U.S. government said on Friday. Soybean acreage came in below forecasts, however. Analysts had expected the data to show farmers had […] Read more
Bayer looks for new herbicides
FRANKFURT, Germany (Reuters) — Germany’s Bayer seeks to repair its reputation after damage caused by litigation in United States over claims its glyphosate pesticide causes cancer. It has promised to invest five billion euros (C$7.5 billion) in weed killer research. Bayer’s shares hit seven-year lows after a California couple was last month awarded more than […] Read more
China’s shutout of Canadian meat scrambles global pork flow
WINNIPEG, Manitoba, June 26 (Reuters) – China’s decision to block imports of Canadian meat has set off a global chain reaction in pork trading but it will do little to curb overall demand as a disease ravaging the Chinese hog herd elevates prices, industry experts say. China said on Tuesday it wants the Canadian government […] Read more
Meat being smuggled into China using bogus Canadian veterinary certificates
OTTAWA, June 26 (Reuters) – Unknown actors are using bogus certificates to smuggle meat into China, Trade Minister Jim Carr said on Wednesday, a day after Beijing halted beef and pork imports citing falsified paperwork. China, which has already blocked imports of Canadian canola seed and product from three pork plants, said on Tuesday it […] Read more
China to halt all meat imports from Canada – media report
OTTAWA, June 25 (Reuters) – China will turn away any “meat products” shipped from Canada starting on Wednesday, according to a report in Le Journal de Montreal, citing an official in the office of the Chinese consulate general in Montreal. The justification for the total block is that China said it had found a number […] Read more
Mississippi re-opens to barge traffic following floods
CHICAGO, (Reuters) – The upper Mississippi River reopened to barge traffic on Friday as vessels were cleared to ship through St. Louis harbour, the U.S. Coast Guard (USCG) said, and the situation quickly became a logistics nightmare as dozens of towboats and hundreds of delayed barges tried to maneuver upriver. After what many grain shippers […] Read more
Monsoon covers half of India, to accelerate crop sowing
MUMBAI, (Reuters) – India’s annual monsoon rains have covered nearly half of the country and conditions are favourable for further advancement into the central and western parts this week, a weather department official said on Monday. The monsoon’s progress will help farmers to accelerate sowing of summer-sown crops, which has been lagging due to a […] Read more
Trump and Modi’s lavish farm payouts prompt questions at WTO
GENEVA, June 17 (Reuters) – Massive farm-support plans in the United States and India are being scrutinized by other World Trade Organization members, questions submitted to the WTO’s quarterly agriculture committee meeting showed on Monday. The WTO has strict rules about the size and nature of payments, and member governments keep a close watch for […] Read more
