Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures jumped on Monday after dropping to their lowest prices in a decade earlier in the session, as the U.S.-China trade dispute looms over agricultural markets. Technical buying helped soybeans to recover after the most-active contract lost more than five per cent last week, traders said. The trade dispute […] Read more
U.S. grains: Soy rises from 10-year low set on trade war
Beef, eggs, feed fatten Cargill’s profits
Reading Time: 2 minutes Chicago | Reuters — Strong global demand for beef and animal feed fattened grain trader Cargill’s profits in fiscal year 2018, which were also boosted by trade tensions and South American weather woes, the company said on Thursday. For the full year, adjusted operating earnings reached $3.2 billion, up six per cent from fiscal 2017 […] Read more
U.S. grains: Soy rises but fears persist over China trade fight
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures surged on Friday as the market recovered a day after nearing a decade low on concerns over the escalating trade war with China. Prices climbed as the U.S. implemented tariffs on $34 billion in Chinese imports and Beijing said it would retaliate with planned duties on products, including […] Read more
ADM to buy French animal feed business Neovia
Reading Time: 3 minutes Paris/Chicago | Reuters — Archer Daniels Midland Company (ADM) is in exclusive talks to take over French animal feed business Neovia for 1.5 billion euros (C$2.3 billion) as part of the U.S. farm giant’s strategy to expand in the fast-growing animal nutrition sector. Neovia is majority owned by French cooperative group InVivo. Investment group Eurazeo […] Read more
U.S. grains: Wheat sets two-week high
Reading Time: 2 minutes Chicago | Reuters — U.S. wheat futures touched a two-week high above US$5 a bushel on Friday on reduced expectations for France’s harvest while corn prices rose on concerns over unfavourably hot U.S. crop weather. Soybean futures touched a one-week low after a bout of selling late in the trading session erased earlier gains. An […] Read more
U.S. grains: Soy, corn fall for fourth week over trade tensions
Reading Time: 2 minutes Chicago | Reuters — U.S. soybean and corn futures posted losses for the fourth straight week on worries about the escalating trade dispute between the U.S. and China, although prices rose for the day on Friday as some traders covered short positions. Soybeans ended 1.2 per cent lower on the week, after plunging to their […] Read more
U.S. pork, fruit producers brace for second wave of Chinese tariffs
Reading Time: 3 minutes Beijing/Chicago | Reuters — U.S. producers of pork, already saddled with duties enacted in an earlier round of the escalating trade dispute with China, are bracing for further pain after Beijing hit the products with additional tariffs due to come into effect next month. China implemented a 25 per cent duty on most U.S. pork […] Read more
As U.S., Canada spar, farm hopes ride on two men in lobster boat
Reading Time: 2 minutes Reuters — While Justin Trudeau vowed last week not to be pushed around and U.S. President Donald Trump called the Canadian prime minister “weak,” two key officials in their governments with a seemingly harmonious relationship were making fishing plans. On Friday, U.S. Agriculture Secretary Sonny Perdue visited the farm of Canadian Agriculture Minister Lawrence MacAulay […] Read more
Over 14 per cent of U.S. farm exports seen at risk in trade disputes
Reading Time: 2 minutes Des Moines | Reuters — More than 14 per cent of US$140 billion in annual U.S. farm exports have been or are likely to be hit by retaliatory tariffs in trade disputes with countries such as China and Mexico, a top U.S. trade negotiator said on Thursday. Mexico imposed tariffs on U,S, products ranging from […] Read more
U.S. biodiesel lobby drops effort to adjust tax credit
Reading Time: 2 minutes Chicago | Reuters — The biggest U.S. biodiesel lobbying group has dropped its nine-year push to convert a US$1-per-gallon tax credit available to blenders of the biofuel into one for producers, the vice-president of federal affairs said on Friday. The tax credit benefits companies that blend biodiesel into fuel sold at U.S. gas stations. It […] Read more