BEIJING, China (Reuters) — Agriculture officials in northern China’s Shandong province warned July 30 that an infestation of the fall armyworm pest will spread further in the key corn-producing area, posing a major threat to crop output in the region. The insect has already caused damage in some areas in Shandong, China’s third-largest corn producer […] Read more
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Fall armyworm a ‘major threat’ to Chinese crop output
Farmers may be covered for ILTA Grain losses
Numbers from a court document appear to indicate that eligible farmers owed money by ILTA Grain will be covered for their losses. The Canadian Grain Commission has negotiated the establishment of an escrow account that will contain funds related to grain deliveries made to ILTA for which no cheques were issued. Commission spokesperson Remi Gosselin […] Read more
Soyoil losses still a drag on canola futures
Winnipeg, (MarketsFarm) – The ICE Futures canola market was weaker on Tuesday, with losses in Chicago Board of Trade soyoil behind some of the spillover selling pressure. News that the United States would delay imposing 10 per cent tariffs on some Chinese imports contributed to the weakness in canola, according to a trader, as easing […] Read more
Tyson to rebuild plant after fire, assures weekly pay for full-time workers
(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
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
