Argentina bets on $600 million satellite to boost agriculture sector

BUENOS AIRES, Sept 21 (Reuters) – Argentina is launching a new microwave imaging satellite to monitor natural disasters and soil moisture, in a long-term bid to bolster the farm sector, an industry that has historically been the backbone of the country’s economy. Scheduled to launch on a SpaceX Falcon rocket from Vandenberg Air Force Base […] Read more

China grants more subsidies to soy farmers as it cuts corn stocks

BEIJING (Reuters) – Soybean farmers in China’s northeastern provinces will get higher subsidies than corn producers this year as Beijing continues a policy set last year to reduce its huge corn stockpile, the government said on Tuesday. Stocks of corn in China reached around 250 million tonnes in 2017, a legacy from its near-decade long […] Read more

Wheat surges as USDA says crop conditions worst since 2002

  CHICAGO (Reuters) – U.S. wheat futures surged on Tuesday, led by a spike in hard red winter wheat prices, after the U.S. Department of Agriculture rated the U.S. Plains crop in the worst shape in 16 years. Soybeans and corn rebounded from the prior session’s declines on spillover support from wheat and as cold, wet weather […] Read more

South Africa declares drought a national disaster

JOHANNESBURG (Reuters) – South Africa has declared a national disaster over the drought afflicting southern and western regions including Cape Town, though the city pushed back its “Day Zero”, the day the city’s taps will run dry.   The flow of running water in the port city of four million has been affected by a […] Read more

ADM is looking to merge with another ag giant Bunge.  |  WP file photo

ADM attempts giant ag merger with Bunge

Updated 9 am CST Jan. 23 CHICAGO/CALGARY – Top U.S. grain merchant Archer Daniels Midland Co has proposed a takeover of Bunge Ltd, according to a person familiar with the approach, which could set up a bidding war with Swiss-based rival Glencore Plc. Large grain traders that make money by buying, selling, storing and shipping […] Read more

Ukraine oilseed exports rise 48 pct so far in 2017/18

KIEV, (Reuters) – Ukraine has boosted its exports of oilseeds by 48 percent to 3.67 million tonnes so far this season thanks to bumper rapeseed sales, its state service for food safety said on Wednesday. Rapeseed exports totalled 2 million tonnes so far in 2017/18 compared with 900,000 tonnes in the same period in 2016/17, […] Read more

Ukraine 2017/18 grain exports down 9.5 %

KIEV (Reuters) – Ukraine has exported about 22.8 million tonnes of grain in the agricultural year that began in July, down from about 25.2 million in the same period last year, the state service for food protection said on Wednesday. Exports included 11.7 million tonnes of wheat, 3.8 million tonnes of barley and about 6.7 […] Read more

Syngenta shares jump on report of Monsanto takeover talks

ZURICH, Switzerland (Reuters) — Syngenta’s shares jumped today after a media report that the Swiss crop chemical maker had been in talks about a $40 billion takeover by U.S. rival Monsanto Co. to create the world’s largest agrochemical company. Monsanto, the world’s largest seed company, and Syngenta had held preliminary talks about combining, partly to […] Read more

U.S., stung by bee decline, sets plan to save pollinators

WASHINGTON (Reuters) — The White House on Friday announced a federal strategy to reverse a rapid decline in the number of honey bees and other pollinators in the United States that poses a threat to billions of dollars in crops. In recent years, bees have died at a rate the U.S. government says is economically […] Read more