BEIJING, Oct 28 (Reuters) – New standards of protein content in animal feed that China announced on Friday will cut the country’s annual soymeal consumption by 11 million tonnes and soybeans by 14 million tonnes, according to a statement from the agricultural ministry seen on Sunday. China is entering what is typically its top buying […] Read more
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China’s new animal feed standards set to lower soybean consumption
U.S. agriculture chief says no plan to extend farm aid to offset tariffs
WASHINGTON, Oct 29 (Reuters) – The U.S. Department of Agriculture is not planning to extend an up to $12 billion aid package for farmers into 2019, Secretary Sonny Perdue said on Monday, to mitigate farmer losses due to the imposition of tariffs on American exports. “Farmers are very resilient and adept in making their planning […] Read more
Bayer lifted by likely new trial in $289 million glyphosate case
SAN FRANCISCO/FRANKFURT, Oct 11 (Reuters) – The prospect of a fresh trial that could overturn $289 million damages against Bayer’s Monsanto unit lifted the German company’s shares, after an August ruling that it failed to warn users of the alleged cancer risks of its weedkillers. The original verdict wiped 10 percent off the value of […] Read more
View from the U.S.: analysts discuss trade deal
(Reuters) — The United States and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, $1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century. Here’s what analysts think of the new deal: John Bode, president & CEO, U.S. Corn […] Read more
Trump cites ‘historic’ trade pact with Canada, Mexico
WASHINGTON, Oct 1 (Reuters) – U.S. President Donald Trump on Monday took credit for salvaging a trilateral free trade accord with Canada and Mexico, marking it as a victory in his campaign to reshape global commerce as financial markets breathed a sigh of relief. The deal, announced on Sunday, is a reworking of the 1994 […] Read more
Canada, U.S. reach deal to update NAFTA
OTTAWA/WASHINGTON, Sept 30 (Reuters) – The United States and Canada reached a deal to update NAFTA and keep it a trilateral pact with Mexico, beating a midnight deadline with agreements to boost U.S. access to Canada’s dairy market and protect Canada from possible U.S. autos tariffs, two Canadian sources with direct knowledge of the talks […] Read more
Germany to become net grain importer after drought – USDA
HAMBURG, (Reuters) – Germany, in most years one of the EU’s largest grain exporters, is expected to become a net importer after a hot, dry summer damaged crops, said a report from the U.S. Department of Agriculture‘s Global Agricultural Information Network (GAIN). “The drought has heavily affected grain, rapeseed and forage production in Germany,” said the […] Read more
Canada wheat production up, according to new Stascan survey
(Reuters) – Wheat production in Canada grew by 3.5 percent in 2018 compared to 2017, according to a Statistics Canada survey based in part on satellite and agroclimate data. The survey, released on Wednesday, also said that barley production grew by 4.3 percent while oat production fell by 9.4 percent. Canola production was also forecast […] Read more
Bayer’s Monsanto faces broad U.S. glyphosate litigation
(Reuters) – Bayer AG’s Monsanto unit has urged a California judge to toss the $289-million verdict a jury awarded to a man who said the company’s glyphosate-based weed-killers, including the widely-used Roundup brand, caused his cancer. The company filed a post-trial motion on Tuesday for California Superior Court Judge Suzanne Bolanos in San Francisco to […] Read more
Millions of chickens drown in Florence floodwaters, manure pits damaged
CHICAGO/LOS ANGELES, (Reuters) – U.S. food companies kept slaughter plants shut down in southeastern states swamped by Hurricane Florence as catastrophic flooding killed nearly 2 million chickens, collapsed the walls of at least two hog manure pits, and made stretches of major roads impassable. Florence, which has dumped up to 91 cm of rain on […] Read more
