Reuters, Agriculture News & Resources

Implementation of higher biodiesel mandates in Indonesia, the world’s biggest palm oil producer, is likely to tighten supplies of the vegetable oil, a leading industry analyst said on Tuesday. Photo: Natt Boonyatecha/iStock/Getty Images

Higher biodiesel mandates in Indonesia to curb palm oil supplies, analyst says

Decrease in available palm oil would be ‘catastrophic’ for global consumers, analyst says

By Ashley Tang, Danial Azhar, Reuters October 8, 2024

Reading Time: 2 minutes Implementation of higher biodiesel mandates in Indonesia, the world's biggest palm oil producer, is likely to tighten supplies of the vegetable oil, a leading industry analyst said on Tuesday. Indonesia currently has a mandatory 35 per cent blend of palm oil-based fuel in biodiesel and is seeking to ramp up to biodiesel containing 40 per cent palm oil to cut its energy imports.

Canada recorded a bigger-than-expected trade deficit of C$1.1 billion in August, its sixth consecutive monthly shortfall, as imports rose while exports declined, Statistics Canada data showed on Tuesday. Photo: Thinkstock

News, Reuters

Canada posts sixth straight monthly trade deficit in August

Farm, fishing and intermediate food product exports rose

By Ismail Shakil, Promit Mukherjee, Reuters October 8, 2024

Reading Time: 2 minutes Canada recorded a bigger-than-expected trade deficit of C$1.1 billion in August, its sixth consecutive monthly shortfall, as imports rose while exports declined, Statistics Canada data showed on Tuesday.

Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. Livestock: CME lean hogs hit 5-mth peak on demand, cattle range bound

By Karl Plume October 7, 2024

Reading Time: < 1 minute Chicago | Reuters – Chicago Mercantile Exchange lean hog futures advanced on Monday to the highest point in nearly five months on technical buying and seasonal strength, analysts said. Live cattle futures also edged higher on a strong cash market, although large cattle weights and beef demand worries amid a slumping stock market limited gains and […] Read more

Detail from the front of the CBOT building in Chicago. (Vito Palmisano/iStock/Getty Images)

Markets, News, Reuters

U.S. Grains: Soybeans ease on South American rain outlook; grain higher

By Karl Plume, Reuters October 7, 2024

Reading Time: 2 minutes Soybean futures eased on Monday on forecasts for rain in dry areas of top exporter Brazil and Argentina and on rising United States supplies as clear Midwest weather boosted harvesting.

Livestock, Reuters

McDonald’s sues major beef producers in US price-fixing lawsuit

By Mike Scarcella October 7, 2024

Reading Time: 2 minutes Reuters – McDonald’s has sued JBS, Tyson Foods and other leading meat processing and packing companies for allegedly conspiring for years to limit beef supplies, boosting their profits while causing the fast food giant to pay artificially higher prices. McDonald’s said in a lawsuit filed on Friday in Brooklyn federal court that the meatpackers, also including Cargill […] Read more

File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)

Markets, News, Reuters

Russia says grain harvest hit by Ukraine war, bad weather

By Gleb Bryanski, Reuters October 7, 2024

Reading Time: 2 minutes Russia's grain harvest will be hit by the impact of Ukraine's attacks on grain-producing regions close to the border and by bad weather in many other regions.

Beef Cattle, Hogs, Livestock, Markets, Reuters

U.S. livestock: Cattle futures rise on technical buying, economic news

By Renee Hickman October 4, 2024

Reading Time: 2 minutes Chicago | Reuters – Chicago Mercantile Exchange live cattle futures rose and feeder cattle touched a two-month high on Friday on technical trading, with stronger-than-expected September jobs data indicating good consumer demand, analysts said. Hog futures touched their highest level in four months before retreating. Benchmark CME December live cattle futures LCZ24 settled up 0.600 cent at […] Read more

Markets, Reuters

U.S. Grains: CBOT wheat, soy and corn fall as dollar rallies

By Renee Hickman, Reuters October 4, 2024

Reading Time: 2 minutes Chicago wheat dropped for a second day on Friday, moving further from a 3-1/2 month high reached this week as a stronger dollar made U.S. exports look less attractive.

A drone view shows boats stranded on the Rio Negro as the river reached its lowest point in its history during the most intense and widespread drought the country has experienced since records began in 1950, in Manaus, Amazonas state, Brazil October 4, 2024. REUTERS/Bruno Kelly

News, Reuters, Weather

River level at Amazon rainforest port hits 122-year low amid drought

Grain exports and essential supplies affected

By Bruno Kelly, Jake Spring, Reuters October 4, 2024

Reading Time: 2 minutes The river port in the Amazon rainforest's largest city of Manaus on Friday hit its lowest level since 1902, as a drought drains waterways and snarls transport of grain exports and essential supplies that are the region's lifeline.

A person holds a test tube labelled “Bird Flu”, in this picture illustration, January 14, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

Livestock, News, Reuters

Two California dairy farm workers test positive for bird flu

By Ahmed Aboulenein, Leah Douglas, Reuters October 4, 2024

Reading Time: 2 minutes Health officials in California are monitoring other exposed workers for symptoms on two dairy farms where two human cases of bird flu were confirmed on Thursday, the U.S. Centers for Disease Control and Prevention said.

Daily Network News

Iran says Strait of Hormuz open as Trump sees deal ‘soon’ to end war

Agriculture groups welcome seed, fertilizer approval bill

AAFC projects tighter canola stocks for 2026-27

Reuters