Reading Time: 2 minutes U.S. soyoil futures surged their daily limit on Friday and soybeans hit a three-week high after President Donald Trump's administration proposed biofuel blending requirements that were above trade expectations, analysts said.
U.S. grains: Soybeans climb, soyoil soars daily limit on US biofuel proposal
Bunge receives China regulatory approval for Viterra deal
Reading Time: < 1 minute Global agribusiness Bunge Global has received regulatory approval from China for its acquisition of grain handler Viterra and expects to close the $34 billion deal "on or around July 2," the company said in a statement on Friday.
US EPA proposes higher biofuel blending volumes through 2027
Reading Time: 2 minutes The Trump administration on Friday proposed to increase the amount of biofuels that oil refiners must blend into the nation’s fuel mix over the next two years, driven by a surge in biomass-based diesel mandates.
Brazil beef barons’ Wall Street listing caps a return from exile
Meat packer JBS began trading on the New York Stock Exchange on Friday
Reading Time: 3 minutes Brazilian meatpacker JBS begins trading on the New York Stock Exchange on Friday, capping a stunning comeback by brothers Joesley and Wesley Batista less than a decade after they were jailed in a record-breaking corruption scandal and forced into the backseat of their global food empire.
ADM sets off ‘frenzy’ in US soybean market ahead of new biofuel blend rule
U.S. officials are expected to propose biofuel blending requirements below industry recommendations
Reading Time: 2 minutes Archer-Daniels-Midland, a major U.S. soybean crusher and biofuel producer, slashed its bids to buy the oilseed this week ahead of an expected Trump administration announcement on biofuel blending requirements, a primary driver of demand for soybean oil - and a prospective source of demand for Canadian canola.
U.S. grains: Soybeans hit 1-wk low on demand worries; wheat sags, corn firms
Reading Time: 2 minutes U.S. soybean futures fell to one-week lows on Thursday as weak domestic cash markets, poor weekly export sales and worries about the size of U.S. biofuel mandates raised fears about demand for the oilseed, brokers said.
Trump promises immigration order soon on farm and leisure workers
Reading Time: 3 minutes U.S. President Donald Trump said he would issue an order soon to address the effects of his immigration crackdown on the country's farm and hotel industries, which rely heavily on migrant labor.
U.S. immigration raid of Omaha meat plant cuts staff, fuels food production worries
Chicago cattle futures come under pressure as traders express nervousness around labour shorages
Reading Time: 2 minutes After meat processor Glenn Valley Foods was raided by U.S. Immigration and Customs Enforcement agents, livestock traders and market analysts expressed concerns that the potential deportation of undocumented workers from such raids could disrupt U.S. food production.
Bunge nears China ruling for $8.2 billion Viterra merger, Bloomberg News reports
Reading Time: < 1 minute U.S. grains merchant Bunge is close to getting a ruling from Chinese regulators on its $8.2 billion (C$11.2 billion) purchase of Glencore-backed Viterra with a verdict expected within days, Bloomberg News reported on Wednesday.
U.S. grains: Soy, corn futures retreat on weather as US-China optimism cools
Reading Time: 2 minutes Chicago Board of Trade soybean and corn futures drifted lower on Wednesday as initial optimism faded over the U.S. and China agreeing on the framework of a trade truce, and market players shifted their focus back to benign crop weather, analysts said.
A message from April Stewart, Country Guide's Associate Editor
