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
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U.S. to pay $15 minimum per acre to farmers hurt by China trade war
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
France’s Hulot calls on parliament to vote against EU-Canada trade deal
PARIS (Reuters) – Popular former environment minister Nicolas Hulot on Monday urged the French parliament to vote against the EU-Canada trade deal in a last-minute bid to block the agreement. The EU-Canada Comprehensive Economic and Trade Agreement (CETA) provisionally took effect from September 2017, but still needs to be approved by all 28 EU member […] Read more
Canola, wheat futures end lower
Winnipeg, (MarketsFarm) – The ICE Futures canola market was weaker at Wednesday’s close, after trading to both sides of unchanged in thin and choppy activity. Declines in Chicago Board of Trade soyoil and strength in the Canadian dollar put some pressure on values, as crush margins weakened. The large old crop supplies, improving Western Canadian […] Read more
Canola futures drop slightly
Winnipeg, (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, but managed to settle above major support. Improving North American crop conditions accounted for much of the selling pressure, with losses in Chicago Board of Trade soybeans and bearish technical signals contributing to the declines. However, varied crop development and uncertainty over growing […] Read more
Good weather helps push canola futures lower
Winnipeg – The ICE Futures canola market was weaker on Monday, as improving weather conditions and losses in Chicago Board of Trade soybeans weighed on prices. Bearish chart signals contributed to the declines, as fund traders added to their large net short positions. Recent rainfall across dry areas of the Canadian Prairies also weighed on […] Read more
Canola futures hit new lows; wheat mixed
Winnipeg (MarketsFarm) – The ICE Futures canola market was weaker on Friday, hitting fresh contract lows as a move below nearby chart support triggered additional fund selling. Ongoing concerns over Chinese demand added to the softer tone. The losses were likely exaggerated by thinner volumes, with many participants still on the sidelines after Thursday’s Fourth […] Read more
