Reading Time: < 1 minute The European Parliament voted on Tuesday to back a year-long extension to tariff-free trade for Ukrainian farm produce, while introducing new curbs on the level of imports to assuage protesting EU farmers.
Cereals
EU lawmakers back Ukraine food import extension, with curbs
Competition bureau has major concerns about proposed Bunge-Viterra merger
Reading Time: 2 minutes The Competition Bureau on Tuesday said it had identified major competition concerns around the proposed merger between U.S. grains merchant Bunge and Glencore-backed Viterra.
U.S. grains: Wheat futures rally as weather risks rattle markets
Reading Time: 2 minutes U.S. wheat futures rallied to their highest point in more than two months before the session closed on Monday as crop weather concerns in the Northern Hemisphere supported prices and triggered technical buying and short covering, which accelerated the climb, analysts said.
ADM CFO to resign as company faces US government investigation
Reading Time: 2 minutes Grain trader Archer-Daniels-Midland said on Monday that Chief Financial Officer Vikram Luthar will resign from his role effective Sept. 30.
Bayer confirms 2024 outlook despite slow start for agriculture, consumer health units
Reading Time: < 1 minute Bayer confirmed its full-year forecast for earnings and cash flow on Monday despite slow business at its crop science and consumer health divisions.
Fund traders back adding to short positions in canola
Reading Time: < 1 minute The net managed money short position in canola grew for the first time in seven weeks as fund traders put on fresh bearish bets in mid-April, according to the latest Commitments of Traders report from the United States Commodity Futures Trading Commission (CFTC).
Crop Trust seeks more funding to protect global seed diversity
Climate change, surge of conflict makes crop seed preservation more urgent, organization says
Reading Time: 2 minutes Crop Trust, which works to preserve crop bio-diversity, needs to more than double its $300 million endowment fund to be able to support seed banks across the world, Executive Director Stefan Schmitz said.
U.S. grains: Soy, corn futures rally on bargain buying, geopolitical tensions
Reading Time: 2 minutes U.S. corn and soybean prices rose on Friday as heightened geopolitical tensions spurred a round of bargain buying after the benchmark contracts in both markets fell to their lowest levels in more than six weeks, traders said.
AAFC makes a few tweaks in Apr S&D report
Reading Time: < 1 minute Agriculture and Agri-Food Canada made a small amount of changes in its April supply and disposition report released on Apr. 19. Of the changes made, nearly all were slight adjustments to its pulse and special crop numbers.
Feed Grain Weekly: Prices in holding pattern for now
Reading Time: 2 minutes With farmers across Western Canada getting ready to plant their crops or they have already made a few rounds in the field, feed grain prices across the Prairies remained in a holding pattern, according to Jerry Klassen of Resilient Capital in Winnipeg, Man.