Brazil’s new soybean crop seen reaching record above 121 mln tonnes

SAO PAULO, (Reuters) – Planting of Brazil’s new soybean crop is about to start in most producing regions and output is expected to increase by 5.5 percent compared with the previous crop to a record 121.41 million tonnes, broker and consultancy INTL FCStone said on Thursday. It expects planting growth of 1.6 percent in the […] Read more

U.S., China agree to trade talks in October

(Reuters) – The United States and China have agreed to meet for senior-level trade talks in Washington in October, raising hopes that world’s two largest economies could make progress toward ending a damaging tit-for-tat tariff war that is now in its second year. China’s Commerce Ministry said its trade team will consult with their U.S. […] Read more

Canola futures to remain steady pending reports

WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower Wednesday, due to the continuing general downward pressure on canola and other oilseeds, according to a trader. For the most part canola has remained range-bound, said the trader, noting there’s nothing on the horizon that could shake up the market. He said it’s unlikely […] Read more

Tyson Foods slowed chicken processing after U.S. recalls, raising costs

(Reuters) – Tyson Foods Inc slowed chicken processing after it recalled millions of pounds of poultry this year over concerns they contained extraneous materials like rubber and metal, Chief Executive Noel White said on Wednesday. The slower processing led to higher costs that contributed to a $220-million cut to the company’s expected adjusted earnings for […] Read more

Brazil soy area to grow at the slowest pace in 13 years

SAO PAULO, (Reuters) – The area in Brazil to be planted with soybeans in the 2019-20 season, which starts this month, will grow by the slowest pace in 13 years as a global trade war and swine fever in China cloud the outlook for farmers, according to analysts at AgRural. The agribusiness consultancy expects Brazil’s […] Read more

Drought brings clouds for Australia wheat, silver lining for Black Sea suppliers

SINGAPORE/SYDNEY, Sept 4 (Reuters) – A third straight year of drought in Australia, blighted by forecasts of below-average rains during the crucial spring growing season, means the country’s wheat crop could shrivel by 10 percent from previous forecasts, traders and industry officials say. And the gloomy prospects for wheat output in Australia, once the world’s […] Read more

French farm minister against pesticide buffer zones

PARIS, (Reuters) – France’s agriculture minister said on Wednesday he was opposed to establishing 150 metre-wide pesticide-free buffer zones around homes, a measure introduced by several French mayors that prompted the government to consider stricter spraying rules. The use of pesticides in farming is controversial in France, the European Union’s largest crop grower. President Emmanuel Macron has […] Read more

Late U.S. crop should slow corn price declines

Winnipeg, Sept. 4 – Chicago Board of Trade corn futures fell to fresh contract lows during the week ended Sept. 4, but could be running out of room to the downside amid concerns over the lateness of this year’s United States crop. The weather is benign and the government is telling us there’s really no […] Read more

Canola likely to stick pending new reports

WINNIPEG – Despite three reports due to be released between now and Sept. 12, canola is very likely to remain range-bound along with other oilseeds, said David Derwin of PI Financial in Winnipeg, Man. On Sept. 6 Statistics Canada will release its report for grain stocks as of July 31. Then the federal agency issues […] Read more

Manitoba harvest behind schedule

Winnipeg, Sept. 4 (MarketsFarm) – Periodic rainfall limited harvest operations across Manitoba during the week ended Sept. 3, according to the latest provincial crop report from Manitoba Agriculture. The total harvest was estimated at 38 per cent complete, which compares with the three-year average for this time of year of 51 per cent done. Crop […] Read more