NEW YORK, (Reuters) – U.S. agricultural trade groups on Friday told the Trump administration a proposed biofuel reform package falls short of expectations, four sources familiar with discussions said, complicating plans the administration had for presenting the proposal to President Donald Trump. Trump was expected to meet with Environmental Protection Agency and Department of Agriculture officials on […] Read more
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Biofuel plan faces backlash by U.S. ag groups
Canola futures drop for 3rd day
WINNIPEG (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker Thursday, for a third consecutive day as the losses on the Chicago soy complex and the Prairie harvest weighed on values. The Canadian dollar also provided pressure as the loonie was up by more than a tenth of a cent by mid-afternoon Thursday at […] Read more
Cool, wet weather delaying Saskatchewan harvest: report
Winnipeg (MarketsFarm) – Saskatchewan farmers made some harvest progress during the week ended Sept. 2, but the pace remains well behind normal for this time of year, according to the latest provincial crop report from Saskatchewan Agriculture. At 11 percent complete, the harvest was up from six percent the previous week but well below the […] Read more
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
