NEW DELHI, (Reuters) – Indian farmers have planted summer-sown crops on 68.9 million hectares, down 6.3 percent year on year, agriculture ministry data showed on Friday, marginally narrowing the sowing gap estimate from the previous week. Farmers typically start planting rice, corn, cotton, soybeans, sugarcane and peanuts, among other crops, from June 1, when monsoon rains […] Read more
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India’s summer crop planting lags; monsoon rains patchy
Russia dramatically increases grain exports; China big buyer
BEIJING, (Reuters) – China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports. It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on […] Read more
Russia dramatically increasing grain exports
BEIJING, (Reuters) – China has approved wheat imports from the Russian region of Kurgan, the Chinese customs office said on Friday, bringing Russia a step closer to its goal of dramatically increasing grain exports. It also approved soybean imports from all parts of Russia, the General Administration of Customs said in a separate statement on […] Read more
ICE canola futures end modestly higher as crush margins firm
CHICAGO, (Reuters) – ICE canola futures settled slightly higher on Friday on bullish chart signals and commercial buying tied to improved crush margins, traders said. Most-active November canola settled up $1.60 at $450.50 per tonne, closing above chart support at its 20-day moving average for a third straight session. However, ample inventories of the oilseed and generally […] Read more
Soybeans and corn watching weather, waiting on acreage numbers
Winnipeg, (MarketsFarm) – Shifting weather forecasts and trade talk rumours should keep the soybean and corn markets at the Chicago Board of Trade on edge over the next few weeks, as participants wait on updated acreage numbers from the United States Department of Agriculture. The USDA’s Aug. 12 report will include results of an acreage […] Read more
Development behind normal for many Saskatchewan crops: report
Winnipeg, July 25 (MarketsFarm) – Development for roughly a third of the spring cereals and nearly half of the oilseed crops in Saskatchewan are behind normal, according to the latest provincial crop report. About 55 percent of the canola crop is at its normal stage of development, with 44 percent behind. Spring cereals are at […] Read more
Feed grain bids fall with rain
Winnipeg,(MarketsFarm) – Improving crop conditions have weighed on Western Canadian feed barley prices over the past month as attention turns from the tight old crop supply situation to the upcoming harvest. “Prices are dropping every day it rains,” said Mike Fleischhauer of Eagle Commodities in Lethbridge, Alta. He said barley prices have come off by […] Read more
ICE canola futures ease on lower soybeans, improving crop weather
(Reuters) – ICE canola futures eased on Thursday on hedge selling and spillover pressure from declining soybean futures, but losses were limited by worries over a severe heat wave in European rapeseed producing areas, traders said. Cooler temperatures and scattered rains in some Canadian canola-production areas bolstered yield prospects and also weighed on futures. Most-active […] Read more
India to get above-average monsoon rains in next two weeks
MUMBAI, (Reuters) – India is likely to get above-average rainfall in the next two weeks after receiving below average rains in the past two weeks, a weather department official said on Thursday, helping summer-sown crops that were wilting in some areas due to a dry spell. Monsoon rains are crucial for farm output and economic […] Read more
U.S. to pay farmers up to $16 billion for trade war losses
WASHINGTON/CHICAGO, (Reuters) – The U.S. government will pay American farmers hurt by the trade war with China between $15 and $150 per acre in an aid package totaling $16 billion, officials said on Thursday, with farmers in the South poised to see higher rates than in the Midwest. The assistance, starting in mid-to-late August, follows […] Read more
