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Crops, Reuters

Trump administration proposes plan to raise biofuels use, EPA says

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Reading Time: 2 minutes New York | Reuters — The Trump administration, in an effort to mend fences with the powerful U.S. corn lobby, proposed a new formula on Tuesday to boost biofuels demand — but the proposal instead only provoked more consternation from the industry. Corn and soybean farmers have been angered by the U.S. Environmental Protection Agency’s […] Read more
CBOT December 2019 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Corn, soy decline as China trade uncertainty lingers

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Reading Time: 2 minutes Chicago | Reuters — U.S. corn and soybean futures closed lower on Tuesday on technical selling and seasonal pressure from the expanding U.S. harvest, along with uncertainty about the terms of a U.S.-China trade pact announced last month, analysts said. Wheat followed the weaker trend, with all three markets retreating from multi-month highs established a […] Read more
File photo of medical cannabis in production. (FatCamera/iStock/Getty Images)
Crops, Reuters

Pot producer CannTrust to destroy $77M in plants, inventory

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Reading Time: < 1 minute Reuters — Canadian cannabis producer CannTrust Holdings said Monday it would destroy about $12 million worth of plants and about $65 million worth of inventory as part of a plan to regain full regulatory compliance. Health Canada canceled CannTrust’s license to produce and sell cannabis in September, months after it found the company was illegally […] Read more
(Gassen/iStock/Getty Images)
Crops, Markets, Reuters

Trump’s hailing of Chinese farm purchases seen as ‘meaningless’

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Reading Time: 3 minutes Beijing | Reuters — China is still a long way from forking out US$50 billion for farm goods from the United States, agriculture industry analysts said on Monday, cautioning that getting there is contingent on removing substantial technical and political hurdles. Outlining the first phase of a deal to end a trade war with China, […] Read more
CBOT November 2019 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets, Reuters

U.S. grains: Soybeans climb on weather worries

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Reading Time: 2 minutes Chicago | Reuters — U.S. soybean futures neared a four-month high on Monday, supported by fears that wintry weather over the weekend threatened Midwest production at a time of tightening U.S. soy supplies, analysts said. Wheat futures firmed on short-covering and worries about frosty temperatures in the U.S. Plains wheat belt, while corn ended steady, […] Read more
CME December 2019 live cattle with 20-, 100- and 200-day moving averages. (Barchart)
Livestock, Markets, Reuters

U.S. livestock: Live cattle futures climb, led by firm cash trade

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Reading Time: 2 minutes Chicago | Reuters — U.S. live cattle futures rose more than one per cent on Monday, with the benchmark December contract touching a 2-1/2-month top after cash cattle traded late last week about US$2/cwt higher than the previous week, traders said. The five-area average price for cash cattle last week was just above $109/cwt, according […] Read more
Genetically modified cotton plants with an edible cottonseed trait are seen growing near Belvidere in northeastern North Carolina. (Texas A+M University handout via Reuters)
Crops, Reuters

U.S. regulators allow GM cotton as human food source

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Reading Time: 2 minutes Washington | Reuters — U.S. regulators on Friday gave the green light for genetically modified cotton to be used for human consumption, paving the way for a protein-packed new food source — edible cottonseed that tastes a bit like chickpeas — that its developers said could help tackle global malnutrition. The Food and Drug Administration’s […] Read more
Vanessa Kummer is seen on a storage bin catwalk on her family farm near Colfax, N.D. on Aug. 6, 2019. (Photo: Reuters/Dan Koeck)
Crops, Markets, Reuters

U.S. farmers cheered by apparent trade truce

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Reading Time: 3 minutes Chicago | Reuters — U.S. farmers cheered the Trump administration’s announcement of a potentially dramatic increase in U.S. agricultural sales to China on Friday but warned they needed to see a follow-through of actual purchases. Treasury Secretary Steven Mnuchin said the agricultural purchases could scale up to $40 billion-$50 billion annually as part of a […] Read more

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