Reading Time: 2 minutes Reuters — Chicago Board of Trade soybean futures rose on Friday to a new four-month high as stronger-than-expected weekly exports and an easing dollar provided support as trading resumed after a holiday closure. Soybeans remained firm despite a decline in soyoil futures, which gave back some of the huge gains from Wednesday when vegetable oils […] Read more
U.S. grains: Exports support soybeans after U.S. holiday
U.S. grains: Wheat rises on dry weather worries
Reading Time: 2 minutes Paris/Singapore | Reuters –– Chicago wheat futures rose on Monday, snapping a two-session fall, as dry weather in some U.S. and European wheat belts stirred concern in a market that has been weighed down by the prospect of record global supplies this season. Soybeans lost more ground as U.S. farmers are expected to boost the […] Read more
Louis Dreyfus stems profit slide, but headwinds persist
Reading Time: 2 minutes Paris | Reuters — Agricultural trading giant Louis Dreyfus Company eked out a small rise in 2016 first-half net profit, saying steady shipped volumes helped it weather another tough period in commodity markets. Louis Dreyfus has been grappling with ample supply, lower prices and slower economic growth that have cut margins, while also going through […] Read more
U.S. grains: Wheat extends gains on dry, chilly weather
Reading Time: 2 minutes Reuters — Chicago wheat climbed on Tuesday to add to sharp gains a day earlier as the market assessed the risk of yield losses to U.S. crops due to a combination of dry and cold weather. Corn finished stronger and touched a nearly two-month high, with traders digesting news that China is to scrap its […] Read more
Louis Dreyfus reports lower profits, seeks partners
Reading Time: 2 minutes Paris | Reuters — Louis Dreyfus is seeking partners for some of its businesses to help the commodity trading group to weather a market downturn that hit full-year profits. Lower prices, plentiful supply and faltering economic growth in emerging economies have put pressure on commodity traders such as Louis Dreyfus that collect, export and process […] Read more
Processed meat can cause cancer, red meat probably can: WHO
Reading Time: 2 minutes Paris | Reuters — Eating processed meat can lead to bowel cancer in humans while red meat is a likely cause of the disease, World Health Organisation (WHO) experts said on Monday in findings that could sharpen debate over the merits of a meat-based diet. The France-based International Agency for Research on Cancer (IARC), part […] Read more
EU dairy farmers get rude awakening in post-quota market
Reading Time: 2 minutes Paris | Reuters — European dairy farmers caught out by a global market decline as they emerge from a 30-year-old quota system may have little choice but to produce at full pelt, hoping for a recovery in international prices next year. Milk prices paid to EU farmers are down 20 per cent from last year […] Read more
Baking, parched fields set to trim EU wheat harvest
Reading Time: 2 minutes Paris | Reuters — A heatwave in Western Europe is adding to stress on wheat crops after a dry end to spring and reducing what had been very high yield potential only a month ago. Record temperatures for early July at around 40 C in parts of France unnerved traders in the European Union’s top […] Read more
Russia’s winter grains still at risk despite warm weather – analyst
Reading Time: 2 minutes * Warm November to help Russia’s winter grains – SovEcon * Says some farmers hold crops due to the falling rouble * SovEcon sees Nov. grain exports at 3.0-3.2 mln T Paris/Moscow / Reuters – Warm weather last week did not eliminate risks for Russia’s fragile winter grain plantings, said a Moscow-based agriculture consultancy SovEcon, warning […] Read more
Lilly eyes emerging markets in Novartis animal health deal
Reading Time: 2 minutes Paris | Reuters — The purchase of Novartis’ animal health business will strengthen Eli Lilly’s hand in emerging markets, tapping into growing demand there for protein-rich diets and household treatments for pets, a senior executive at the U.S. group said. As part of a multi-billion dollar revamp announced earlier on Tuesday, Swiss drugmaker Novartis said […] Read more
A message from April Stewart, Country Guide's Associate Editor
