Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade wheat futures sank 3.2 per cent on Friday, following a six-day rally that had pushed prices to their highest in 7-1/2 months, traders said. “This has just been a fantastic week of gains,” said Bill Gentry, a broker at Risk Management Commodities. “The funds are taking a […] Read more
U.S. grains: Wheat drops on profit-taking
ADM, Syngenta settle suit over biotech corn exports
Reading Time: < 1 minute Chicago | Reuters — U.S. grain merchant Archer Daniels Midland has settled a lawsuit with Syngenta over the seed company’s launch of a biotech corn strain that roiled grain exports to China, according to regulatory documents filed on Friday. ADM sued Syngenta four years ago for selling the corn variety known as Agrisure Viptera or […] Read more
Pulse weekly outlook: Industry adapting to new market reality
Reading Time: 2 minutes CNS Canada — Pulse growers are facing new questions on the Prairies these days as a trade impasse with India forces many farmers to prepare for new market realities. Prime Minister Justin Trudeau next week will visit India, where the thorny subject of its levies on Canadian pulse exports will be raised. India imposed the […] Read more
Why China needs canola imports
China has been growing rapeseed for millennia and has seen a rapid increase in productivity over the past 50 years. Even so, production can’t meet demand
Reading Time: 5 minutes Brassica rapa plants have contributed to Chinese cuisine for millennia. “The Book of Songs”, an ancient collection of Chinese poetry, includes one 3,000-year-old poem, Gu Feng, which specifically mentions the plant. In this English translation, Brassica rapa is called “mustard plant.” Gently blows the east wind, With cloudy skies and with rain. Husband and wife […] Read more
U.S. grains: Wheat, soy futures jump on weather woes
Reading Time: 2 minutes Chicago | Reuters — Weather concerns sparked a rally in U.S. wheat and soybean futures on Monday, with forecasts for dry conditions threatening to reduce harvests in key growing areas, traders said. Chicago Board of Trade soft red winter wheat futures jumped 3.4 per cent to their highest since Aug. 8 on concerns about dryness […] Read more
With sorghum warning shot, Beijing targets Trump’s core farm base
Reading Time: 3 minutes Beijing | Reuters — In launching a probe into U.S. sorghum imports, China has fired a warning shot across its top trading partner’s bow that shows farmers in states that voted for U.S. President Donald Trump may be Beijing’s top retaliatory target in the event of a trade war. On Sunday, the Ministry of Commerce […] Read more
U.S. soy cargo to China traded using blockchain
Reading Time: 2 minutes London | Reuters — A cargo of U.S. soybeans shipped to China has become the first fully-fledged agricultural trade conducted using blockchain, participants said Monday. Louis Dreyfus, Shandong Bohi Industry Co., ING, Societe Generale and ABN Amro took part in the trade where the sales contract, letter of credit and certificates were digitalized on the […] Read more
CBOT weekly outlook: Soybean markets excite while corn settles
Reading Time: 2 minutes CNS Canada — Soybean prices on the Chicago Board of Trade (CBOT) are finding support from Argentina weather while corn markets remain stuck in sideways trading, according to a Chicago trader. “The corn markets have kind of been left out of the Argentina weather equation with heavy fund selling here and there… and then might […] Read more
Trudeau says will keep exploring trade deal with China
Reading Time: 2 minutes Beijing | Reuters — Canada will continue to explore a free trade agreement with China, Prime Minister Justin Trudeau said on Monday, as it weighs its options after the U.S. threatened to pull out of the North American Free Trade Agreement (NAFTA). Speaking after a meeting with Chinese Premier Li Keqiang, Trudeau said if “done […] Read more
China to accept Canadian chilled beef, pork in pilot project
Reading Time: 2 minutes Exporters of Canadian beef and pork are set to get expanded access to the “massive” Chinese market through a new bilateral pilot project. Prime Minister Justin Trudeau and Chinese Premier Li Keqiang on Monday announced a series of joint initiatives and agreements in several fields including “a pilot project for the export of Canadian chilled […] Read more
A message from April Stewart, Country Guide's Associate Editor
