WINNIPEG (MarketsFarm) – In the oil crops outlook, issued Nov. 13, the United States Department of Agriculture (USDA) said the 2019 soybean harvest will end the latest in 10 years. As of Nov. 10, the overall soybean harvest stood at 85 percent complete, according the USDA’s weekly crop progress report. The pace was two points […] Read more
Daily news
Latest end to soybean harvest in a decade
Canola futures weaken; wheat up with export demand
Winnipeg, (MarketsFarm) – ICE Futures canola contracts were slightly weaker at Tuesday’s close, after trading to both sides of unchanged in choppy activity. Losses in Chicago Board of Trade soyoil and a firm tone in the Canadian dollar caused crush margins to fall, which kept domestic processors on the sidelines, according to a trader. A […] Read more
China approves new Argentine slaughterhouses to handle beef exports
BUENOS AIRES, (Reuters) – China has approved six new Argentine slaughterhouses and processing plants to handle the increasing amount of beef being shipped from the South American farming powerhouse to the commodities-hungry Asian country, an official said on Friday. China, the world’s top pork producer, has seen its hog herd shrink by a third since […] Read more
Brazil says Saudi Arabia approved eight new beef exporting plants
SAO PAULO, (Reuters) – The Brazilian government said in a statement on Monday that the Saudi Food and Drug Authority has approved eight Brazilian beef exporting plants, as the two countries seek to boost business ties. The approvals come on the heels of an official visit to Saudi Arabia by President Jair Bolsonaro last month. […] Read more
Brazil gets approval for 13 meatpacking plants for China exports
SÃO PAULO, (Reuters) – Chinese authorities approved new Brazilian meat exporting plants on Tuesday, according to the Brazilian agriculture ministry, a highly anticipated move as the two nations continue to strengthen trade ties. The approvals come as China seeks to increase meat imports to compensate for the death of around half of its pig herd […] Read more
Paraguay approves drought-resistant soybean variety
SANTIAGO, (Reuters) – Argentine biotechnology company Bioceres SA said on Tuesday that Paraguay, the fourth largest exporter of soy, had approved a soybean seed resistant to drought and “HB4” herbicides, adding the South American nation to a growing list of countries authorizing it. The variety, developed by Bioceres and U.S.-based Arcadia Biosciences Inc through joint […] Read more
Lower stocks boost canola futures
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished stronger on Friday, bouncing back from previous lows following the World Agriculture Supply Demand Estimates (WASDE) from the United States Department of Agriculture (USDA). The WASDE reported projected ending stocks— including Malaysian palm oil, European rapeseed, and canola—to be the lowest level in 40 years. […] Read more
CWRS bids edge lower with Minneapolis futures, CPSR up
Winnipeg (MarketsFarm) – Wheat bids in Western Canada were mixed during the week ended Nov. 7, with a steady to lower tone in Canada Western Red Spring Wheat as a downtrend in the Minneapolis future weighed on values. However, the Chicago and Kansas City winter wheat contracts trended higher, which underpinned Canada Prairie Spring Red […] Read more
Canola futures remain in range
WINNIPEG, (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Thursday, retreating from previous highs due to lack of follow-through buying. One trader noted that markets were range-bound, lacking a strong sense of direction. The announcement that China will resume importing Canadian pork and beef sparked some optimism regarding a trade deal for […] Read more
Brazil says China approves seven plants for exports of pork innards
SAO PAULO, (Reuters) – The Brazilian government said on this week that China has approved seven meatpacking plants in the state of Santa Catarina for the export of pork innards. Exports can begin immediately, Agriculture Minister Tereza Cristina Dias said on Twitter, adding that the approvals came as a result of talks held during President […] Read more
