HAMBURG, Germany (Reuters) — Saudi Arabia’s main state wheat buying agency has told grains exporters it will no longer buy Canadian wheat and barley in its international tenders, European traders said yesterday as a diplomatic dispute between the two countries escalates. Traders said they had received an official notice from the Saudi Grains Organization (SAGO) […] Read more
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Saudi agency stops buying Canadian wheat, barley
Brazil judge suspends use of glyphosate
SAO PAULO, Brazil (Reuters) — A Brazilian judge has suspended the use of products containing the agrochemical glyphosate, a herbicide widely employed for soybeans and other crops in the country. The federal judge ruled Aug. 3 that new products containing the chemical could not be registered in the country and existing registrations would be suspended […] Read more
Informa raises U.S. 2018 soy yield forecast; corn unchanged
CHICAGO, Aug 3 (Reuters) – Private analytics firm Informa Economics raised its forecast for the 2018 U.S. soybean yield to 50.0 bushels per acre (bpa), from 49.8 previously, and left its U.S. corn yield forecast unchanged at 176.0 bpa, trade sources said on Friday. Informa projected U.S. 2018 corn production at 14.392 billion bushels and […] Read more
China plans tariffs on $60 bln of U.S. goods in latest trade salvo
BEIJING/SINGAPORE, Aug 3 (Reuters) – China proposed retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, as a senior Chinese diplomat cast doubt on prospects of talks with Washington to solve their bitter trade conflict. The Trump administration tightened pressure for trade concessions from […] Read more
Mexico eyes NAFTA breakthrough next week, says Canada joining soon
WASHINGTON, Aug 3 (Reuters) – Mexico’s economy minister said on Friday that Mexico and the United States could overcome key stumbling blocks standing in the way of a new NAFTA deal next week, adding that Canada would likely soon rejoin the negotiations. Mexican and U.S. teams will work through the weekend to overhaul the North […] Read more
Trump administration adds to China trade pressure with higher tariff plan
WASHINGTON/BEIJING, Aug 1 (Reuters) – U.S. President Donald Trump sought to ratchet up pressure on China for trade concessions by proposing a higher 25 percent tariff on $200 billion worth of Chinese imports, his administration said on Wednesday. U.S. Trade Representative Robert Lighthizer said Trump directed the increase from a previously proposed 10 percent duty […] Read more
Deal with U.S. on key NAFTA rule closer, Mexico and Canada say
TRAVERSE CITY, Mich., Aug 1 (Reuters) – The United States and Mexico are getting close to a deal on the key issue of autos content rules at talks to renew the NAFTA trade pact, Mexican and Canadian officials said on Wednesday. Guillermo Malpica, head of the trade and NAFTA office for the Mexican government, also […] Read more
India’s monsoon rain forecast cut, farm output seen at risk
MUMBAI, Aug 1 (Reuters) – India is likely to receive below-normal monsoon rains in 2018, a private weather forecaster said on Wednesday, raising concerns over farm output and economic growth in Asia’s third-biggest economy, where half the farmland lacks irrigation. The monsoon delivers about 70 percent of India’s annual rainfall, critical for the farm sector […] Read more
Australia’s drought-hit farmers to miss any benefit from U.S.-China trade war
MELBOURNE, Aug 1 (Reuters) – Australian farmers, suffering from a second year of drought, are unlikely to benefit from a U.S.-China trade war because of lower production of key crops including wheat and sorghum, traders and industry officials said on Wednesday. The withering dry spell across Australia’s east coast is expected to reduce wheat crop […] Read more
EU touts jump in soybean imports from US
BRUSSELS, Aug 1 (Reuters) – EU soybean imports from the United States almost quadrupled early in the new marketing year, the European Union said, a week after it struck a deal with U.S. President Donald Trump to avert a trade row, as buyers responded to a sharp drop in prices. The EU said in a […] Read more
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