White House’s Kudlow hopeful on U.S.-China trade talks

WASHINGTON, (Reuters) – White House economic adviser Larry Kudlow on Tuesday called it a good sign that top U.S. officials would be travelling to China to discuss reviving stalled trade talks, and said he expected Beijing to start buying U.S. agriculture products soon. In recent phone calls with Chinese negotiators, U.S. Trade Representative Robert Lighthizer and Treasury […] Read more

Canola futures up slightly

(Reuters) – ICE canola futures edged higher on Tuesday in light volume, supported by featureless technical buying and a softer Canadian dollar, which tends to make Canadian products more competitive globally, traders said. Most-active November canola ended 50 cents higher at $447.50 per tonne. Chart-based resistance was noted at the contract’s 20-day moving average near […] Read more

South central North Dakota wheat yields seen above average

GLEN ULLIN, N.D., (Reuters) – Wheat yield potential in south central North Dakota is trending above average, with the crop benefiting from ideal weather following a wet spring that delayed planting, scouts on annual tour found on Tuesday. “This is really good wheat for out here,” said Dave Green, executive vice president of the Wheat […] Read more

U.S. pursues rule that would remove 3.1M people from food stamps

CHICAGO, (Reuters) – The Trump administration on Tuesday will propose a rule to tighten food stamp restrictions that would cut about 3.1 million people from the program, U.S. Department of Agriculture (USDA) officials said. Currently, 43 U.S. states allow residents to automatically become eligible for food stamps through the Supplemental Nutrition Assistance Program, known as SNAP, if […] Read more

Ukraine’s 2019 rapeseed harvest increases

KIEV, (Reuters) – Ukraine, one of Europe’s leading exporters of rapeseed, had harvested around 2.73 million tonnes of the oilseed crop as of July 23, the agriculture ministry said on Tuesday. The ministry said farmers had harvested 1.12 million hectares of winter rapeseed with a yield of 2.43 tonnes per hectare. They had harvested 2.25 million tonnes […] Read more

U.S. to pay $15 minimum per acre to farmers hurt by China trade war

WASHINGTON, (Reuters) – The U.S. government will pay a minimum of $15 per acre to farmers hurt by President Donald Trump’s trade war with China under an aid package to be unveiled before the end of the week, Agriculture Secretary Sonny Perdue said on Tuesday. “We’ll have information for you before the week ends,” Perdue […] Read more

India set for record edible oil imports as scanty rains trim output

MUMBAI, (Reuters) – India’s edible oil imports are likely to rise 7.3 percent in 2019/20 to a record high as weak monsoon rains curtail yields of summer-sown oilseeds such as soybeans and groundnut, a senior industry official said. Higher purchases by the world’s biggest edible oil importer could support palm oil prices that are under […] Read more

India’s summer crop planting down nearly 7%

NEW DELHI, (Reuters) – Indian farmers planted an array of summer-sown crops on 56.7 million hectares, down 6.9 percent year on year, agriculture ministry data showed on Friday, narrowing the sowing gap estimate from the previous week. Farmers start planting rice, corn, cotton, soybeans, sugarcane and peanuts among other crops from June 1, when monsoon rains are […] Read more

Brazil soybeans lose protein, China sales at risk

SAO PAULO, (Reuters) – The protein content in Brazilian soybeans fell for the first time in four harvests in 2018, according to preliminary government data, a development that has already cost Brazilian companies business with top buyer China. Declining protein levels in Brazil, the world’s top soybean supplier, spell trouble for exporters who are faced […] Read more

Indonesia plans cloud seeding to avoid crop failure

JAKARTA, (Reuters) – Indonesia is preparing to carry out cloud seeding in an effort to trigger rainfall to prevent harvest failure and forest fire, the disaster mitigation agency’s spokesman said on Monday. The agency’s data shows that on July 22 about 20,269 hectares of agricultural land were at risk of harvest failure because of drought. […] Read more