Reading Time: 2 minutes U.S. President-elect Donald Trump has chosen Brooke Rollins, president of the America First Policy Institute, to be agriculture secretary.
Oilseeds
Trump picks Brooke Rollins to be agriculture secretary
U.S. grains: Soy hits fresh lows on South America weather, Brazil-China deals
Reading Time: < 1 minute Chicago corn futures weakened on Thursday and soybeans struck fresh contract lows as Brazil and China came together for significant agricultural trade deals and weather in South America remained beneficial for both crops, analysts said.
IGC cuts global wheat crop outlook on poor EU harvest
Reading Time: < 1 minute The International Grains Council (IGC) said on Thursday it has trimmed its forecast for 2024/25 global wheat production driven partly by a diminished outlook for the European Union.
U.S. grains: Soybeans fall to 2-week low on strong South American crop prospects
Reading Time: 2 minutes U.S. soybean futures hit a two-week low on Wednesday and soyoil futures fell more than three per cent on expectations for plentiful South American soy harvests this year along with uncertainty about demand for soy-based biodiesel fuel, analysts said.
China’s October soy imports from US climb for seventh month
Reading Time: < 1 minute China's soybean imports from the U.S. more than doubled in October from a year earlier, marking a seventh month of growth, as buyers accelerated shipments fearing a rise in trade tensions if Donald Trump were to return to the White House.
Russian farmers ditch wheat for other crops after heavy losses
Reading Time: 4 minutes Russian farmers say they will sow less wheat after heavy losses this year, switching to more profitable crops such as peas, lentils, or sunflowers.
Seed producer Corteva forecasts steady sales growth, unveils $3 bln buyback
Reading Time: < 1 minute Corteva expects low-single-digit percentage net sales growth through 2027, the U.S. agrichemicals firm said on Tuesday, banking on its exclusive seeds and crop chemical products.
U.S. grains: Wheat hits one-week high on fears of escalating Russia-Ukraine war
Reading Time: 2 minutes U.S. wheat futures rose for a third-straight session on Tuesday, posting a one-week high on fears of escalating war in the Black Sea breadbasket region amid rising tensions between Moscow and Washington over Ukraine, analysts said.
Canadian agriculture minister visits China
MacAulay in China week of Nov. 11
Reading Time: 2 minutes The Canadian government confirmed on Nov. 19 that Agriculture and Agri-Food Minister Lawrence MacAulay met with Chinese officials to discuss the canola trade between the two countries. This came about a week after rumours in the media began swirling about the trip.
Modi’s inflation-blowing farm pivot may not be enough to win key Indian state
Reading Time: 2 minutes Indian Prime Minister Narendra Modi has taken several pro-farmer but inflation-stoking measures in recent months, such as easing curbs on rice and onion exports, but that may not prove enough for him to sway an election on Wednesday in a key state.