Completion of the regulatory process allows the planting and harvesting of the so-called HB4 soybean varieties in Brazil, the statement said, although commercial launch for export will require approval from importing countries. | Screencap via verdeca.com

Brazil approves new soy seed that resists drought, two herbicides

SAO PAULO – Brazil’s bio-security agency CTNBio has approved a new soybean seed that combines technologies to make it resistant to drought and two widely used herbicides, according to a statement on Friday from the companies that created the product. Completion of the regulatory process allows the planting and harvesting of the so-called HB4 soybean […] Read more

Next round of U.S. tariffs on China at least a month away – Mnuchin

WASHINGTON/BEIJING, (Reuters) – The United States is at least a month from enacting its proposed tariffs on $300 billion in Chinese imports as it studies the impact on consumers, U.S. Treasury Secretary Steven Mnuchin said on Wednesday. Washington this month hiked existing tariffs on $200 billion in Chinese goods to 25 percent from 10 perent, […] Read more

Japan opens doors to full access of U.S. beef imports – USDA

WASHINGTON – Japan has agreed to eliminate its long-held restrictions on American beef imports, opening full access to U.S. cattle products after more than 15 years, the head of the U.S. Department of Agriculture said in a statement on Friday. “The new terms, which take effect immediately, allow U.S. products from all cattle, regardless of […] Read more


U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau discussed the tariffs earlier on Friday. Trudeau is scheduled to speak to reporters on Friday afternoon after he meets with steel workers at Stelco Holding Inc steel mill in Hamilton, Ontario. | Twitter/@FilomenaTassiMP photo

U.S. to remove tariffs on Canadian metals, Mexico deal imminent

WASHINGTON/OTTAWA (Reuters) – The United States and Canada on Friday announced a deal to remove tariffs on Canadian steel and aluminum in exchange for new curbs to keep dumped metals from China and other countries out of the United States, paving the way for a similar pact with Mexico. The quota-free deal will eliminate the […] Read more

Shares of Deere, known for its trademark green tractors and harvesting combines, fell as much as 6% to $137.18, as slump in demand for big agricultural machines has forced the company to cut production by 20 percent at two of its large factories in North America. | File photo

Deere blames escalating trade war for worsening outlook

(Reuters) – Deere & Co on Friday missed quarterly profit estimates for the fifth-straight quarter and cut its full-year outlook, as an escalating U.S.-China trade war threatens to further hit farm incomes and demand for the company’s equipment. Shares of Deere, known for its trademark green tractors and harvesting combines, fell as much as 6% […] Read more


The top five commodities that received aid were soybeans, corn, wheat, cotton and sorghum while the top five states receiving the payments were Illinois, Iowa, Kansas, Nebraska and Indiana, the USDA spokesman said. | File photo

U.S. farmers receive $8.52 billion in aid to date, USDA says

WASHINGTON, May 15 (Reuters) – The U.S. Department of Agriculture has to date paid out $8.52 billion (CDN$11.44 billion) in direct payments to American farmers as part of the 2018 aid program, designed to offset losses from trade tariffs by China and other trading partners, a spokesman for the agency said. U.S. President Donald Trump […] Read more

The move by China was widely expected after the United States last week raised tariffs on $200 billion in Chinese imports, heightening fears the world's two largest economies were spiraling into a no-holds-barred dispute that could derail the global economy. | File photo

China to slap tariffs on U.S. goods despite Trump warning

WASHINGTON/BEIJING, May 13 (Reuters) – China said on Monday it would impose higher tariffs on a range of U.S. goods including frozen vegetables and liquefied natural gas, striking back in its trade war with Washington after U.S. President Donald Trump warned it not to. The move, widely expected after the United States last week raised […] Read more

Euronext wheat futures fell in late trading on Friday to new contract lows as widely followed U.S. government crop forecasts signaled the prospect of ample global supplies of grain continuing next season. | File photo

EU wheat hits new lows as USDA report confirms big world supply

PARIS, May 10 (Reuters) – Euronext wheat futures fell in late trading on Friday to new contract lows as widely followed U.S. government crop forecasts signaled the prospect of ample global supplies of grain continuing next season. Benchmark September milling wheat on Paris-based Euronext settled 1.25 euros, or 0.7%, lower at 169.00 euros ($189.85) a […] Read more


The U.S. Department of Agriculture on Friday forecast bigger-than-expected domestic supplies of corn, soybeans and wheat, with outlooks for big harvests and export concerns underpinning the bearish stocks view. | File photo

USDA says grain supplies to remain massive in new crop year

CHICAGO, May 10 (Reuters) – The U.S. Department of Agriculture on Friday forecast bigger-than-expected domestic supplies of corn, soybeans and wheat, with outlooks for big harvests and export concerns underpinning the bearish stocks view. Soybean futures fell to their lowest in more than a decade after the government data was released and wheat sank to […] Read more

U.S. planning to support farmers amid China trade spat: Perdue

WASHINGTON, May 10 (Reuters) – U.S. Agriculture Secretary Sonny Perdue said on Friday President Donald Trump had asked him to create a plan to support American farmers amid a trade dispute with China that has hit the U.S. agricultural sector hard. “While China may backtrack, @POTUS is steadfast in his support for U.S. farmers and […] Read more