Reading Time: 2 minutes Chicago soybean futures fell on Friday as the weather forecast in drought-stricken northern Brazil promised much-needed rain for producers who are dealing with the prospect of low yields and damaged crops. Corn and wheat both ended higher as traders continued to cover short positions in both markets.
U.S. Grains: Soybeans slide on predicted rains in Brazil
Corn and wheat rise on short covering
Brazilian state launches mandatory tracking of cattle to stop deforestation
The state government plans to track all 24 million cattle in the Para region by the end of 2026
Reading Time: 2 minutes Sao Paulo | Reuters — Brazil’s Para state, which leads the country for the highest levels of Amazon rainforest destruction, will launch a mandatory program to track cattle in a bid to crack down on related deforestation, a partner in the project said on Friday. Cattle pasture is the most common initial use for deforested […] Read more
China’s COFCO says it imported Canadian durum for first time
China's imports usually involve pasta or durum flour instead
Reading Time: 2 minutes Beijing | Reuters — Chinese state-run food group COFCO Group said it had imported Canadian durum wheat for the first time for processing into flour, a departure from China’s usual practice of importing finished durum flour or pasta. “This direct import of durum wheat has enriched the structure of China’s imported wheat varieties, facilitated the […] Read more
CUSMA panel rejects U.S. complaint on access to Canada dairy market
Canada 'very pleased' with dispute settlement panel findings
Reading Time: 2 minutes Ottawa | Reuters — A trade dispute settlement panel set up under a major North American free trade agreement has rejected a U.S. complaint that Canada is improperly limiting access to its dairy market, an official report showed on Friday. The United States had accused Canada of not meeting obligations under the 2020 Canada-U.S.-Mexico Agreement […] Read more
U.S. grains: Soybeans tumble on downpours in drought-stricken Brazil
Wheat rises after Russian attack on Ukraine port; CBOT corn eases
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures lost more than one per cent on Wednesday as rain fell in Brazil, easing worries over the persistent dryness and heat that has plagued crops in the top exporting nation, analysts said. Wheat rose on shipping concerns in the Black Sea after Russia’s strike on port infrastructure, while […] Read more
U.S. livestock: Feeder cattle top one-week high
Traders digest U.S. cattle placements data; December hogs lower
Reading Time: 2 minutes Chicago | Reuters — U.S. feeder cattle futures and deferred live cattle futures finished higher on Monday after the government reported placements in feedlots were lower than analysts expected last month. The U.S. Department of Agriculture, in monthly data issued after the close of trading on Friday, said producers placed 3.8 per cent more cattle […] Read more
U.S. grains: CBOT soybeans jump after insufficient Brazil rains
Wheat down more than one per cent
Reading Time: 2 minutes Chicago | Reuters — Chicago soybean futures rose two per cent on Monday, supported by brutally hot weather in Brazil that is likely to continue to stress crops despite some rains over the weekend coupled with the results of Sunday’s presidential election in Argentina. Chicago Board of Trade (CBOT) corn rose more than 0.5 per […] Read more
Ag chem maker FMC looks to sell non-core assets
Reading Time: < 1 minute Reuters — Crop protection products maker FMC Corp. has launched a strategic review of its non-core assets, including a potential sale of its non-crop business. A slowdown in demand for herbicide and pesticides as well as excess inventories had resulted in large destocking in South America, denting the U.S.-based company’s earnings for much of the […] Read more
Ukraine says 151 ships have used new Black Sea corridor
Promised free grain shipments are headed for Africa, says Moscow
Reading Time: 2 minutes Some 151 ships have used Ukraine's new Black Sea shipping corridor since it was set up in August, the Interfax-Ukraine news agency reported on Friday, citing a senior government official.
Italy’s parliament approves ban on lab-grown food
The ban is seen as part of a broader bid to safeguard tradition
Reading Time: 2 minutes Italy's lower house of parliament gave final approval for a law banning the use of laboratory-produced food and animal feed on Thursday as angry farmers confronted a group of centrist lawmakers opposed to the bill.
A message from April Stewart, Country Guide's Associate Editor
