Reading Time: 2 minutes Beijing | Reuters — Around 400 Chinese citizens have signed a letter to protest the purchase of Swiss-based seeds and pesticides company Syngenta by state-owned ChemChina, saying the deal would eventually lead to genetically modified crops being sown across swathes of the country. Critics of genetically modified organisms argue the technology poses risks to public […] Read more
Chinese citizens protest ChemChina-Syngenta deal
China may pay more for canola if standard changes
Reading Time: 2 minutes Winnipeg | Reuters –– Richardson International, one of Canada’s two largest grain handlers, may raise the price of canola shipments to China to reflect Beijing’s costly higher standard, its CEO said Thursday. The Chinese Embassy in Ottawa said in March that China had delayed to Sept. 1 its new standard for no more than one per […] Read more
China’s farmers switch to soy amid corn market reform
Reading Time: 3 minutes Reuters — Wang Zhonghai, a 49-year-old farmer in China’s top corn producing province of Heilongjiang, plans to switch 80 per cent of his land to cultivate soybeans this year as the government ends a near-decade-old corn price support scheme. China announced last week it will stop its corn stockpiling program and allow markets to set […] Read more
End of China’s corn stockpiling threatens global feed trade
Reading Time: 2 minutes Chicago | Reuters — Grain traders worried on Tuesday about the risk for reduced demand from China after the government said it would scrap its corn stockpiling program at a time when global markets are awash with excess supplies. Traders said importers in China would likely reduce purchases of farm products used to feed livestock, […] Read more
China to end state corn stockpiling, free up prices
Reading Time: 3 minutes Beijing | Reuters — China plans to scrap its corn stockpiling scheme and allow markets to set prices for the grain, pushing to boost efficiency on its farms and to narrow a gap between local and international prices that has sparked a surge of cheaper imports. The government will instead subsidize corn growers and encourage […] Read more
U.S. grains: Wheat extends gains on dry, chilly weather
Reading Time: 2 minutes Reuters — Chicago wheat climbed on Tuesday to add to sharp gains a day earlier as the market assessed the risk of yield losses to U.S. crops due to a combination of dry and cold weather. Corn finished stronger and touched a nearly two-month high, with traders digesting news that China is to scrap its […] Read more
China delays implementing Canadian canola standard
Reading Time: 2 minutes Winnipeg | Reuters –– China has delayed implementing a tougher standard on Canadian canola shipments, just days before it was to take effect, as a result of talks between the two countries, a Chinese government spokesperson said. China’s new standard for foreign material in canola shipments will take effect Sept. 1 instead of April 1, […] Read more
China, Canada in talks as tougher canola standard nears
Reading Time: 2 minutes Winnipeg | Reuters –– Canada and China are in talks about Beijing’s plans to toughen its standard on Canadian canola imports, an industry official said on Monday, just days before the change takes effect. China’s quarantine authority, AQSIQ, notified the Canadian Food Inspection Agency (CFIA) last month that it would allow no more than one […] Read more
Canada presses China on science in canola trade spat
Reading Time: < 1 minute Ottawa | Reuters — Canada is urging the Chinese government to stick to scientific facts in decisions on trade as Beijing plans to toughen its standard on Canadian canola shipments, federal Agriculture Minister Lawrence MacAulay said Thursday. China’s quarantine authority, AQSIQ, notified the Canadian Food Inspection Agency last month that it would allow no more […] Read more
ICE weekly outlook: Canola recovers, but faces resistance
Reading Time: 2 minutes CNS Canada — ICE Futures Canada canola contracts managed to post small gains over the week ended Wedensday, as the market recovered off of the contract lows hit the previous week. However, former support levels are now acting as resistance, as the market finds itself in a new, slightly lower range. Support in the front […] Read more
A message from April Stewart, Country Guide's Associate Editor
