CHICAGO, (Reuters) – China bought small amounts of U.S. soybeans, wheat, sorghum and pork last week ahead of the latest escalation of trade tensions with Washington, according to U.S. government data issued on Thursday, in what may be the last American farm commodity sales to China for the foreseeable future. China’s Ministry of Commerce said […] Read more
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U.S. confirms light soy, wheat, pork sales to China before latest tariff threats
U.S. Midwest farm incomes fall in second quarter in wake of record floods
CHICAGO, (Reuters) – U.S. farm incomes in the Midwest declined yet again in the second quarter of 2019, as record floods devastated a wide swath of the Farm Belt, according to a banker survey released on Thursday by the Federal Reserve Bank of St. Louis. Nearly two-thirds of the bankers surveyed said a majority of […] 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
DSM to file for Brazil registration of methane-reducing feed additiv
SAO PAULO, (Reuters) – DSM, a Dutch health and nutrition company, will imminently file for Brazilian registration of a new feed additive for cows that can cut methane emissions by around 30 percent, a company executive told Reuters in an interview on Wednesday. Methane is a natural byproduct of digestion in cows and other ruminants, […] Read more
Tyson Foods hits record high, prepares for China profit boost
(Reuters) – Tyson Foods Inc reported better-than-expected quarterly earnings on Monday and reaffirmed expectations it will profit from the spread of a fatal hog disease in China, sending shares to a record high. Tyson has not yet reaped major financial gains from the deaths of millions of pigs in China‘s outbreak of African swine fever, Chief Executive […] Read more
China’s COFCO plans to boost Brazil ops
SAO PAULO, (Reuters) – Chinese commodities trader COFCO plans to increase investments in Brazilian operations as the business environment in the country is likely to improve after approval of economic reforms, the company’s chairman, Johnny Chi, said on Monday. Speaking at Brazil’s 2019 Agribusiness Congress, Chi said COFCO is looking at investments such as new […] Read more
On cusp of pan-African trade deal, giant Nigeria clings to protection
LAGOS, (Reuters) – Adeleke Adeleye stands in front of a bank of whirring printers spinning out dozens of envelopes a minute in Nigeria’s commercial capital of Lagos. His stationery company, FAE Ltd, is thriving and will move into a larger factory nearby by the end of next year. But he sees trouble on the horizon […] Read more
From phone makers to farmers, the toll of Trump’s trade wars
(Reuters) – U.S. President Donald Trump on Thursday said he would impose a 10 percent tariff on the remaining $300 billion of Chinese imports as tensions with China spiked again, the latest salvo in a yearlong trade war between the world’s two largest economies. The levies, due to begin on Sept. 1, would hit a […] Read more
U.S. cows and pigs gorge on bakery rolls, pet food as corn prices surge
CHICAGO, (Reuters) – U.S. farmers are feeding their livestock everything from outdated pet food and leftover bakery rolls to crops imported from South America after unprecedented spring planting delays boosted prices for locally grown corn. Corn is typically used to fatten hogs, cattle and poultry, but its high price has farmers in the $150 billion […] Read more
