Reading Time: 2 minutes U.S. President Donald Trump signed an agreement on Monday formally lowering some tariffs on imports from Britain as the countries continue working toward a formal trade deal.
U.S. and U.K. announce a trade deal, but steel imports unresolved
U.S. grains: Soyoil hits 20-month peak, corn falls on good crop weather
Reading Time: 2 minutes U.S. soyoil futures hit their highest in 20 months on Monday, supported by U.S. biofuel blending proposals that are likely to increase demand, while soybean futures touched a one-month high before paring gains.
U.S. Senate bill would shrink tax credit for biofuels made from foreign feedstocks
Reading Time: < 1 minute U.S. Senate Republicans on Monday proposed a tax bill that would extend a clean fuel tax credit through 2031, but trim 20 per cent of the value of the credit for biofuels made from feedstocks produced outside of the United States.
Bunge-Viterra merger clears final hurdle with China’s conditional approval
Reading Time: < 1 minute China's market regulator has granted conditional approval for global agribusiness Bunge Global's merger with Glencore-backed grain handler Viterra, it said on Monday, clearing the final hurdle for the $34 billion mega-deal announced two years ago.
U.S. immigration to pause most raids on farms, meat packers
Farm industry groups skeptical directive will protect immigrant workers
Reading Time: 2 minutes U.S. President Donald Trump's administration has directed immigration officials to largely pause raids on farms, hotels, restaurants and meatpacking plants, according to an internal email reviewed by Reuters, a senior Trump official, and a person familiar with the matter.
U.S. grains: Soybeans climb, soyoil soars daily limit on US biofuel proposal
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.
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.
A message from April Stewart, Country Guide's Associate Editor
