(Reuters) – U.S. meat processor Tyson Foods Inc said on Monday it will rebuild a Kansas beef plant after a fire heavily damaged the facility last week and that full-time, active employees would be paid weekly until production resumes. The company said the plant would be down “indefinitely” after the Friday night fire, which idled […] Read more
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Tyson to rebuild plant after fire, assures weekly pay for full-time workers
Goldman Sachs economists say fears rise that U.S.-China trade war leading to recession
(Reuters) – Goldman Sachs Group Inc said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that Goldman no longer expects a trade deal between the world’s two largest economies before the 2020 U.S. presidential election. “We expect tariffs targeting the remaining $300bn of US imports from China […] Read more
Crop invaders: China’s small farmers struggle to defeat armyworm
MENGHAI, China (Reuters) – Yan Wenliu leans on the side of his cart as he prepares to leave his sugarcane field in Southwest China, bewildered by the formidable new pest that has ambushed his crops this year. “I don’t know what it is,” says Yan, a 36-year-old farmer from Menghai county in Yunnan province. “But […] Read more
Dreyfus sees Brazil, Argentina soy flows surging on U.S.-China dispute
PAULO, (Reuters) – Global commodities trader Luis Dreyfus Co is prepared for another unusually strong second half for Brazil’s soy exports to Asia as the U.S.-China trade war drags on, with Argentina poised to profit as well this year, a senior executive told Reuters. Dreyfus benefited the most from last year’s surprise second-half boom in […] Read more
Canola futures follow corn and soybeans lower
Winnipeg, (MarketsFarm) – The ICE Futures canola market was weaker on Monday in sympathy with the much larger losses in Chicago Board of Trade corn and soybeans. The United States grains and oilseeds were sharply lower on Monday, with limit-down losses in corn in reaction to updated acreage and production numbers from the U.S. Department […] Read more
Manitoba crops facing dry conditions
WINNIPEG, (MarketsFarm) – Varying dry conditions are set take a toll on Manitoba’s pulse crops this year. Some crops have stunted due to dry conditions throughout the year, said Serena Klippenstein, production specialist with Manitoba Pulse and Soybean Growers. Overall, crop conditions are still dependent on the soil type and where they are in the […] Read more
August supply and demand report hits markets hard
WINNIPEG,(MarketsFarm) – With the markets largely range-bound since the end of June, the United States Department of Agriculture (USDA) released its long-awaited supply and demand report late Monday morning. The initial reaction on the markets was bearish, with corn prices being hit very hard, down 25 U.S. cents per bushel for the September and December […] Read more
Dreyfus sees Brazil, Argentina soy flows surging on U.S.-China dispute
SAO PAULO, Aug 12 (Reuters) – Global commodities trader Luis Dreyfus Co is prepared for another unusually strong second half for Brazil’s soy exports to Asia as the U.S.-China trade war drags on, with Argentina poised to profit as well this year, a senior executive told Reuters. Dreyfus benefited the most from last year’s surprise […] Read more
Western Cdn wheat prices regain strength
WINNIPEG,(MarketsFarm) – Wheat bids in Western Canada were generally up for the week ended August 8. There were gains in Canadian Western Red Spring Wheat (CWRS) and Canada Prairie Red Spring (CPRS) in all locations. Canadian Western Amber Durum (CWAD) was either side of steady, depending on location. The Canadian dollar was down by […] Read more
UN flags need to cut meat to curb land use impact on global warming
LONDON/GENEVA, (Reuters) – Global meat consumption must fall to curb global warming, reduce growing strains on land and water and improve food security, health and biodiversity, a United Nations report on the effects of climate change concluded. Although the report stopped short of explicitly advocating going meat free, it called for big changes to farming and […] Read more
