Beyond Meat wants more peas from the Prairies. The California company, best known for its veggie burgers, has signed a long-term deal with Roquette, a French company and major supplier of pea-based protein. “This latest contract with Roquette reflects Beyond Meat’s commitment to further scaling the plant protein supply chain as global demand for our […] Read more
Markets — page 2
Phase 1 commodity targets likely more than China can chew – analysts
BEIJING/SINGAPORE, (Reuters) – Commodity traders and analysts are struggling to map out how China will reach the eye-popping amounts it is committing to buy from the United States under Phase 1 of their trade deal. China has pledged to buy $50 billion more in U.S. energy supplies, and will raise U.S. agriculture purchases by some $32 billion […] Read more
China to ramp up U.S. ag purchases in trade deal
WASHINGTON, (Reuters) – China has pledged to buy almost $80 billion of additional manufactured goods from the United States over the next two years as part of a trade war truce, according to a source, a target that could provide a much-needed boost for planemaker Boeing but is being questioned by U.S. trade experts. Under […] Read more
USDA raises soybean/corn yield expectations
Winnipeg,(MarketsFarm) – Corn and soybean yields in the United States ended up slightly better than earlier expectations, according to updated production estimates from the U.S. Department of Agriculture released last week. Corn yields were upped to 168 bushels per acre, from 167 bu/ac in the December report. Meanwhile soybean yields were raised by half of […] Read more
A lot of soy, a little rice: China’s historical U.S. agricultural purchases
(Reuters) – The United States and China are due to sign a Phase 1 trade deal on Jan. 15 that U.S. officials have said will include a vow by China to buy an additional $32 billion in U.S. farm goods over the next two years. China has not confirmed Trump’s goal of $40 billion to […] Read more
Hopes for spike in U.S. farm exports to China dim ahead of trade deal signing
CHICAGO/BEIJING, (Reuters) – Days before a U.S.-China trade deal is due to be signed, large Chinese purchases of Brazilian soybeans and a pair of unexpected policy moves by Beijing have dimmed U.S. hopes that China would double its imports of American farm products this year. U.S. President Donald Trump has touted the prospect of China […] Read more
Solid crush more than makes up for slow Canadian canola exports
Winnipeg,(MarketsFarm) – Canada’s ongoing diplomatic dispute with China may be slowing canola exports, but the strong pace of the domestic crush is more than making up for any shortfall in international business. The Canadian Grain Commission reported total domestic disappearance of canola during the crop-year-to-date of just over 4.8 million tonnes, as of Jan. 5, […] Read more
Hemp CBD bubble may have burst
In North America’s hemp industry, 2019 may be remembered as the year that the CBD craze hit its peak. The obsession with growing hemp for CBD, or cannabidiol, was impossible to miss at farm conferences and hemp trade shows across North America last year. Jeff Kostuik remembers the enthusiasm for CBD at those meetings, particularly […] Read more
Canaryseed on the rise; more rallies may be to come
This could be the year the canaryseed market fully absorbs the “hidden inventory” that has been weighing down prices for years, say industry officials. Prices have climbed to 30 cents per pound as the inventory dwindles and that appears to be a trigger point for those who have been sitting on the crop. Lucas Sutherland, […] Read more
Phosphate prices become attractive for producers
Prices of the nutrient may be as low as the market can bear for 2020, retailing at $575 to $600 per tonne
Now is a good time to buy phosphate fertilizer, say industry experts. Phosphate prices in New Orleans, Louisiana, (NOLA) in late December 2019 were the lowest they have been since December 2006. The NOLA price is considered the starting price for North American phosphate. It was about US$240 per tonne at the end of 2019, […] Read more
