Canada 2017 canola stocks reach record high, wheat stocks fall

OTTAWA (Reuters) – Stocks of canola at the end of 2017 hit a record high 14.1 million tonnes, while stocks of wheat and barley were smaller compared to the same date a year earlier, according to a farm survey by Statistics Canada released on Monday. The survey of 9,064 Canadian farms was conducted from Jan […] Read more

Russia’s 2018/19 grain exports seen at up to 50 million tonnes

MOSCOW (Reuters) – Russia is expected to produce 120-130 million tonnes of grain in 2018, of which 45-50 million tonnes will be available for exports in the 2018/19 marketing season which will start on July 1, the IKAR agriculture consultancy said on Friday. Russia’s wheat crop may come at 73-82 million tonnes, of which 32-36 […] Read more

U.S. pork demand strong, but trade disputes could hit exports

CHICAGO (Reuters) – American consumers are snapping up plentiful low-cost pork, but U.S. farmers are worried that trade spats with key export markets in China, Mexico and Canada could hurt a lucrative part of their pork business. The domestic demand outlook remains bright thanks to the strong U.S. economy, upcoming spring grilling season and Easter […] Read more

Argentina soy crop estimate cut

BUENOS AIRES (Reuters) – Argentine farmers are expected to harvest 51 million tonnes of soy in the 2017-18 season, the Buenos Aires Grains Exchange said in its weekly crop report on Thursday, citing drought as the reason for cutting a preliminary estimate of 54 million tonnes. “Many implanted areas are at critical yield-setting stages and […] Read more

Damage to Argentina soy, corn yields worsens as drought lingers

BUENOS AIRES (Reuters) – Argentina’s parched corn- and soy-growing areas will remain dry in the days ahead, forecasters said on Wednesday as farmers calculated yield losses caused by a three-month-long drought that was expected to get worse before it gets better. Yield damage to early planted soy and corn in the key Pampas farm belt […] Read more

U.S. food distributors allege Tyson Foods, rivals fixed chicken prices

CHICAGO (Reuters) – Top U.S. food distributors Sysco Corp and U.S. Foods Inc have sued the country’s biggest chicken processors for allegedly conspiring to inflate prices. The distributors sued companies including Tyson Foods Inc., Pilgrim’s Pride Corp, Sanderson Farms and Perdue Farms in separate complaints filed in federal court on Tuesday. The U.S. chicken sector, […] Read more

France to ban “buy one, get one free” offers on foodstuff

PARIS (Reuters) – France plans to ban “buy one, get one free” offers on food products in supermarkets to guarantee better income to struggling farmers, in a move that could also test President Emmanuel Macron’s free-market credentials. The move is part of a wider food and farming bill, presented to cabinet on Wednesday, which aims […] Read more

Canada PM: doesn’t think Trump will pull U.S. out of NAFTA

OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau said in an interview he does not think U.S. President Donald Trump will pull out of NAFTA, despite differences over how to update the trade pact, the Canadian Broadcasting Corp said on Wednesday. Trudeau’s comments were among the most positive made by any Canadian official since talks […] Read more

Brazilian firms announce plans for new corn-based ethanol plants

SAO PAULO (Reuters) – Two Brazilian companies plan to build ethanol producing facilities using corn as raw material, they said on Tuesday, aiming to take advantage of ample supplies of the cereal in the country’s center-west region. Brazil’s ethanol industry, the world’s second largest behind the United States, is almost entirely based on sugar cane, […] Read more

Brazil soy harvesting to be hampered by rains – forecaster

SAO PAULO, Jan 29 (Reuters) – Thunderstorms and rainfall in key soy producing regions could hamper harvesting and delay planting of winter corn in some areas of Brazil, according to a weather forecaster on Monday. Wet conditions, which should prevail in many parts of the South American country, are expected to continue throughout the week, […] Read more