France’s Limagrain to launch plant-based protein food next year

PARIS, (Reuters) – French agricultural cooperative Limagrain on Tuesday said it is launching a new legumes business that aims to deliver plant-based food products from next year, betting on the fast-growing plant protein sector and a trend towards eating less red meat. Many large agricultural companies, including Archer Daniels Midland, Cargill and France’s Roquette have […] Read more

Wheat prices globally have shown solid responses to an overall rising agricultural commodity market.  |  Michael Raine photo

EU and US wheat markets up

Euronext wheat futures rose to a six month high on Friday, tracking a rally in Chicago, as technical momentum and export demand buoyed wheat markets. A sharp rise in the Euro, which reached a two-week high against the dollar, curbed gains on Euronext. March milling wheat, the most active contract on the Paris-based exchange, was […] Read more

Stronger dollar drops canola futures

WINNIPEG, Manitoba, (Reuters) – ICE canola futures eased on Wednesday, pressured by a stronger Canadian dollar. * The Canadian dollar strengthened to a two-week high against the greenback as investors cut bets that the Bank of Canada would ease interest rates over the coming months. * January canola eased 30 cents to $452.60 per tonne. * January-March canola spread traded 7,753 […] Read more

Record Ukraine 2019 grain crop almost complete

KIEV, (Reuters) – Ukrainian farms have almost completed the 2019 grain harvest, threshing a record 74.7 million tonnes of grain from 99.1% of the sown area, the Ministry for Development of Economy, Trade and Agriculture said on Wednesday. The grain yield averaged 4.93 tonnes per hectare (1.9 tonnes per acre), the ministry said in a report. Ukraine […] Read more

Ukraine scraps formal cap on wheat exports in favour of monthly monitoring

KIEV,  (Reuters) – Ukraine has scrapped its formal cap on wheat exports in the July 2019 to June 2020 season, with the agriculture ministry instead monitoring market conditions on a monthly basis to ensure domestic supply is adequate. The ministry signed on Thursday its annual memorandum with grains traders, setting terms for wheat exports for the current […] Read more

Glencore joins grain merchants’ digital project

PARIS, (Reuters) – Glencore Agriculture Limited has joined a project launched last year by other global grain merchants to use new technologies to raise efficiency in trading operations. The initiative was announced last October by the so-called ABCD grain majors – Archer Daniels Midland, Bunge , Cargill and Louis Dreyfus Company. It was later joined by COFCO […] Read more

Tariffs in place or planned for nearly all goods traded by U.S. and China

(Reuters) – U.S. and Chinese trade negotiators are meeting in Washington this week to find ways to defuse a trade war that has roiled markets and triggered tit-for-tat tariffs on hundreds of billions of goods traded between the world’s largest economies. Last week, both sides offered goodwill gestures aimed at laying the groundwork for productive […] Read more

U.S., China agree to trade talks in October

(Reuters) – The United States and China have agreed to meet for senior-level trade talks in Washington in October, raising hopes that world’s two largest economies could make progress toward ending a damaging tit-for-tat tariff war that is now in its second year. China’s Commerce Ministry said its trade team will consult with their U.S. […] Read more

French farm minister against pesticide buffer zones

PARIS, (Reuters) – France’s agriculture minister said on Wednesday he was opposed to establishing 150 metre-wide pesticide-free buffer zones around homes, a measure introduced by several French mayors that prompted the government to consider stricter spraying rules. The use of pesticides in farming is controversial in France, the European Union’s largest crop grower. President Emmanuel Macron has […] Read more

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