FARGO, N.D., (Reuters) – Scouts on an annual crop tour projected harvest yields for the 2019 U.S. hard red spring wheat crop at 43.1 bushels per acre (bpa), up from the tour’s 2018 projection of 41.1 bpa but below its five-year average of 44.7. Scouts on the Wheat Quality Council’s three-day tour surveyed 356 spring […] Read more
Daily news
U.S. spring wheat tour sees yields of 43.1 bushels per acre
Syngenta profits hit by U.S./China trade wars, bad weather
ZURICH, (Reuters) – Agricultural chemical maker Syngenta on Friday reported a 34 percent fall in first-half net income, showing the impact of U.S. trade disputes with China and Mexico as well as bad weather in some of its markets. Basel-based Syngenta was bought in 2017 by state-owned ChemChina for $43 billion, which aims to capitalise […] Read more
Top U.S., China trade negotiators to meet in Shanghai next week
WASHINGTON, (Reuters) – Top U.S. and Chinese negotiators will meet face-to-face next week for the first time since Presidents Donald Trump and Xi Jinping agreed to revive talks to end their year-long trade war. The governments of the world’s largest economies have levied billions of dollars of tariffs on each other’s imports, disrupted global supply […] Read more
ICE canola futures rise as heat stresses European rapeseed crop
(Reuters) – ICE canola futures ended higher on Wednesday on concerns that a severe heat wave would reduce European rapeseed production this season, potentially stoking demand for Canadian exports, traders said. Temperatures across northern Europe hit record highs on Wednesday in the second heat wave this month. The crop-stressing conditions are expected to last until […] Read more
Soybeans, dollar will influence canola in days ahead
WINNIPEG, (MarketsFarm) – For canola prices, the key influences will be soybeans as well as the Canadian dollar, according to Errol Anderson of ProMarket Communications in Calgary, Alta. Anderson said soybeans on the Chicago Board of Trade (CBOT) were higher, due to trade negotiations between United States and China resuming on July 29. That could […] Read more
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
