SAO PAULO, (Reuters) – Brazil’s privately owned grain farmer and trader Amaggi will reduce soy and corn plantings in the coming season and increase cotton acreage after betting high on the latter commodity, a company executive said on Friday. Pedro Valente, Amaggi’s director general, said at a farming event in São Paulo that the firm […] Read more
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Brazil’s Amaggi to raise cotton area, cut corn and soy acreage
ICE canola futures rise on short covering, halt skid
Manitoba (Reuters) – ICE canola futures rose on Friday, halting a four-day skid on short-covering and strength in soyoil. Funds covered part of their short position after the November contract bounced off the support level of $440 on Thursday, a trader said. Lack of export demand, with China not buying Canadian canola, overhangs the market, […] Read more
Western Canadian wheat: Bids down across U.S. markets
WINNIPEG, (MarketsFarm) – Wheat bids in Western Canada were down for the week ended August 1. There were losses in Canadian Western Red Spring Wheat (CWRS), Canadian Western Amber Durum (CWAD) and Canada Prairie Red Spring (CPRS) in all locations. Little change in the Canadian dollar and declines in Kansas City, Chicago and Minneapolis wheat […] Read more
Trump, EU officials announce deal to sell more American beef to Europe
WASHINGTON, (Reuters) – U.S. President Donald Trump announced a deal on Friday to sell more American beef to Europe, a modest win for an administration that remains mired in a trade war with China, but he said tariffs on European auto exports remain a possibility. The European Commission has stressed that any beef deal will […] Read more
Corteva shares rise as profit beats on international markets
(Reuters) – Pesticide and insecticide maker Corteva Inc’s quarterly profit beat estimates as volumes and prices in its international markets rose more than expected, sending its shares up more than 8 percent. Investors cheered Corteva’s upbeat numbers, its first after separation from DowDupont in June, as they were a rare bright spot among agricultural companies […] Read more
Pulse growers should take care using glufosinate
Saskatchewan Pulse Growers is warning growers to check with their grain buyers before applying glufosinate ammonium to their lentils. The grower group knows of one grain company and potentially others that are no longer accepting lentils treated with the desiccant. Glufosinate is found in the product MPower Good Harvest. SaskPulse says growers should check with […] Read more
Trump vows new tariffs on China, says Xi moving too slow on trade
WASHINGTON, Aug 1 (Reuters) – President Donald Trump said on Thursday he would impose a 10 percent tariff on the remaining $300 billion of Chinese imports starting Sept. 1, after negotiators failed to make progress in U.S.-China trade talks, sending shockwaves through U.S. markets. The levies – which would hit a wide swath of consumer […] Read more
Canada crop tour sees smaller canola crop after reduced plantings, dry spring
WINNIPEG, Manitoba, (Reuters) – Canadian farmers are likely to reap a smaller canola crop in 2019-20 due to reduced plantings and dry conditions, consultancy FarmLink Marketing Solutions said on Thursday after a crop tour of the prairie provinces. The Grain World tour on Tuesday and Wednesday, organized by FarmLink, visited fields in Alberta, Saskatchewan and Manitoba to […] 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
