Reading Time: 2 minutes Sydney | Reuters — Australia on Wednesday cut its wheat production forecast for the 2019-20 harvest by more than 11 per cent as an unrelenting drought across the country’s east coast threatens crops for a third year in a row. The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) pegged production of the […] Read more
Australia cuts wheat forecast by 11 per cent
As Biden tours Iowa, farmers want to know where he stands on ethanol
Reading Time: 4 minutes New York | Reuters — Joe Biden may have an ethanol problem. The former U.S. vice-president has pledged support for advanced biofuels as part of his bid for the 2020 Democratic presidential nomination. But Biden, who leads the crowded Democratic field in opinion polls in Iowa and nationally, faces lingering questions in the U.S. Farm […] Read more
Trump simplifies reviews of genetically modified farm products
Reading Time: 2 minutes Council Bluffs | Reuters — U.S. President Donald Trump signed an executive order on Tuesday directing federal agencies to streamline the review process for agricultural biotechnology including genetically modified livestock and seeds. Trump signed the order during a visit to an ethanol plant in Council Bluffs, Iowa. The executive order, he said, would “speed up […] Read more
U.S. livestock: Hog futures pull back on large supplies
Reading Time: 2 minutes Chicago | Reuters — U.S. hog futures tumbled on Tuesday as traders said a rally the previous day looked overdone in the face of large supplies. Feeder cattle futures also weakened, while live cattle futures closed higher. Hog futures pulled back after climbing on Monday, when traders were relieved that U.S. President Donald Trump had […] Read more
U.S. refiner group sues Trump EPA over E15 gasoline
Reading Time: < 1 minute Reuters — The main U.S. refining industry association said on Monday it sued to block the Trump administration’s effort to expand sales of higher ethanol blends of gasoline, arguing the move exceeded the administration’s authority. The legal challenge from the American Fuel and Petrochemical Manufacturers (AFPM) association escalated a battle between the oil and corn […] Read more
Increased Chinese inspections on Canadian meat for pork only
Reading Time: < 1 minute Ottawa | Reuters — Chinese plans to boost inspections of Canadian meat imports only affect pork rather than all meat products as the federal agriculture ministry initially stated, a Canadian government official said on Wednesday. A ministry notice seen by Reuters on Tuesday said the Canadian embassy in Beijing had been told Chinese customs agents […] Read more
Trump tariffs could cost an extra nickel per burrito, says Chipotle
Reading Time: 2 minutes Reuters — Chipotle Mexican Grill on Monday estimated a US$15 million hit from President Donald Trump’s proposed tariffs on Mexican imports, and said it could cover that by raising burrito prices by around five cents. The U.S.-based Mexican-themed chain’s finance chief Jack Hartung said its margins would be reduced by 20-30 basis points if the […] Read more
Brazil reports atypical BSE case
Reading Time: < 1 minute Sao Paulo | Reuters — The Brazilian government reported on Friday a case of atypical bovine spongiform encephalopathy (BSE) in an animal in Mato Grosso state, according to a statement from the country’s agriculture ministry. The ministry said the case of BSE, also known as mad cow disease, was detected in a 17-year-old cow. It […] Read more
China says hopes Canada understands consequences of siding with U.S.
Reading Time: 2 minutes Beijing | Reuters — China hopes Canada understands the consequences of siding with the United States and doing its bidding, China’s foreign ministry said on Friday, after U.S. Vice-President Mike Pence called for the release of two Canadians detained in China. Chinese authorities detained Canadian businessman Michael Spavor and former diplomat Michael Kovrig in December, […] Read more
ADM to combine grain trading, oilseed businesses
Reading Time: 2 minutes Chicago | Reuters — Global grains trader Archer Daniels Midland said Wednesday it will consolidate five business units into four in the company’s second reorganization in just over a year as adverse weather and a U.S.-China trade dispute threaten profits. ADM will combine its grain trading and oilseeds segments into a new business unit called […] Read more
A message from April Stewart, Country Guide's Associate Editor
