China to rely on South America soybeans in fourth quarter -analyst

HARBIN, China, (Reuters) – Top soybean buyer China can do without supplies from the United States in the fourth quarter and can rely on imports from South America instead, said an analyst with a government-backed think-tank on Friday. The comments by Zhang Liwei, a senior analyst at the China National Grains and Oils Information Center, […] Read more

Germany seeks new wheat export markets as Saudi opens to Russia

HAMBURG,  (Reuters) – German wheat exporters are seeking access to new markets including China, Mexico and Indonesia, an industry association said, following signals that Saudi Arabia is about to open up to imports from Russia. Saudi Arabia has been Germany’s biggest market for wheat exports in recent years, but German firms face much tougher competition after […] Read more

Bayer says next glyphosate lawsuit likely to be postponed

FRANKFURT, (Reuters) – Germany’s Bayer said the next U.S. lawsuit scheduled to be heard over claims that its glyphosate-based weedkiller Roundup causes cancer would likely be postponed. Bayer, which acquired the weedkiller as part of its purchase of Monsanto last year, was initially scheduled to face its first trial outside California in St. Louis, Missouri, […] Read more

China to remove soybean oil, rapeseed oil, palm oil import quotas

SHANGHAI,  (Reuters) – China plans to remove soybean oil, rapeseed oil and palm oil from its import tariff quota management, its commerce ministry said on Wednesday. The news comes after the ministry said on Tuesday Chinese companies had stopped buying U.S. agriculture products in response to U.S. President Donald Trump’s decision last week to impose tariffs on […] Read more

ICE canola futures fall for fourth day

WINNIPEG, Manitoba (Reuters) – ICE canola futures tumbled on Thursday for the fourth straight day, dragged lower with soy on worries about the U.S.-China trade war. U.S. President Donald Trump said he would impose an additional 10 percent tariff on $300 billion worth of Chinese imports starting Sept. 1. November canola lost $1.50 to $442 […] Read more

Brazil could see record 2019-20 soy, corn harvest if weather holds

SAO PAULO, (Reuters) – Brazil could see record corn and soy harvests in the 2019-20 season dependent on good weather, as farmers are expected to broaden plantings, Datagro Consultoria said on Wednesday. Brazil, which is the world’s largest soy exporter and could become the biggest producer in the upcoming season, is expected to expand the soybean […] Read more

ICE canola futures drop for third day as U.S.-China talks end without deal

WINNIPEG, Manitoba, (Reuters) – ICE canola futures dropped on Wednesday for the third straight day, in sympathy with soybeans after U.S. and Chinese negotiators wrapped up trade talks without a deal. Negotiators put off their next meeting until September, extending an uneasy truce between the world’s two largest economies. Expectations for a decent Canadian canola crop overhang prices, but […] Read more

ICE canola futures drift lower with U.S. crops

WINNIPEG, Manitoba,  (Reuters) – ICE canola futures slipped on Tuesday, drifting lower with U.S. crop markets. Canada’s canola crop looks to be in decent shape, leading to sideways trading until an Aug. 12 U.S. government crop report, a trader said. November canola shed $1 to $448.40 per tonne. November-January canola spread traded 2,106 times. Chicago […] Read more

Canola futures dip on soft demand, stronger dollar

WINNIPEG, Manitoba, (Reuters) – ICE canola futures dipped on Monday, as ample supplies and soft demand kept the market locked in its trading range. Large leftover Canadian supplies from last year’s harvest and expectations for a decent Canadian crop this year despite earlier dry conditions have weighed on the market, a trader said. A stronger Canadian dollar […] Read more