Reading Time: 2 minutes MarketsFarm — For the most part, the latest monthly supply and demand report from the U.S. Department of Agriculture provided little in terms of major changes from its September report. USDA issued its October world agriculture supply and demand estimates (WASDE) during the late morning Wednesday, with much of the data fairly close to market […] Read more
CBOT weekly outlook: October USDA report delivers few major changes
Soy could see 'a few more days' higher
One-third of China’s land protected under ecological ‘red line’ scheme
Authorities crack down on farm encroachment
Reading Time: 2 minutes Shanghai | Reuters — Nearly a third of China’s land is now off-limits to development under a scheme known as the “ecological protection red line,” a senior official said at a news briefing on Monday, bringing the country in accord with global biodiversity targets. China first proposed its “red line” scheme in 2011 to put […] Read more
U.S. grains: Wheat falls on Russian production outlook
Exports underpin U.S. soybeans
Reading Time: 2 minutes Chicago | Reuters — Chicago wheat fell on Monday on an expected increase in Russia’s crop that will compete with U.S. exports, already hampered by a strong U.S. dollar, traders said. Soybeans were underpinned by Chinese export demand, while corn ended up slightly after two-sided trade on broader economic uncertainty. Chicago Board of Trade most […] Read more
From Pakistan to Texas, big rains after extreme heat deliver double punch
Reading Time: 3 minutes London | Reuters — While Pakistanis count the cost of one of the country’s worst recorded floods, heavy rain is hitting southwestern China as the Texas city of Dallas recovers from a 10-inch deluge in a single day last month. Each of these rain-fuelled disasters followed a heat wave, suggesting the regions have been swinging […] Read more
Canada, China agree to suspend WTO canola dispute
Lifting of canola ban renders case moot
Reading Time: < 1 minute Berlin | Reuters — Canada and China have agreed to suspend proceedings against Chinese measures affecting the importation of Canadian canola seed, according to a World Trade Organization (WTO) complaint on Thursday. The WTO Dispute Settlement Body (DSB) panel suspended its work as of Tuesday, the complaint said. Work can be suspended at any time […] Read more
U.S. grains: Soybean and wheat futures rise 2.2 per cent
Chicago corn futures firm
Reading Time: 2 minutes Chicago | Reuters — Chicago Board of Trade soybean futures rose 2.2 per cent on Monday, supported by hopes for a pick-up in the pace of exports as farmers in top global consumer China struggle with hot and dry weather that is expected to reduce the size of the crop there. “It appears that exporters […] Read more
China’s farmers struggle to save crops as heatwave, drought drag on
Reading Time: 2 minutes Chongqing | Reuters — As the tinder-dry countryside along China’s Yangtze river basin withers under a heatwave that has lasted more than two months, veteran farmer Chen Xiaohua recalled the last severe drought to hit his crops more than 60 years ago. “This year is drier than 1960,” said Chen, 68, from his plot of […] Read more
ICE weekly outlook: Canola could take a nosedive
'I think (farmers) are undersold'
Reading Time: < 1 minute MarketsFarm — A huge drop in canola prices could be looming, according to analyst Wayne Palmer of Exceed Grain in Winnipeg. Palmer pointed to Prairie farmers and said, “I think they are undersold.” He surmised too many farmers have held off from selling their canola, in hopes of getting a great price the next time […] Read more
Canadian lawmakers plan Taiwan trip amid rising China tensions
Reading Time: 2 minutes Ottawa | Reuters — A delegation of Canadian lawmakers plans to visit Taiwan in October to seek economic opportunities in the Asia Pacific region, Liberal MP Judy Sgro said Wednesday, a move that could further stoke tensions between China and the West. The relationship between China and the West has worsened since U.S. House of […] Read more
U.S. grains: Grains fall on weather, Ukrainian exports
Concerns over Chinese economic growth weigh on soybeans, corn
Reading Time: 2 minutes Chicago | Reuters — Chicago corn, wheat and soybean futures fell for a second day on Tuesday, pressured by rainfall across parts of the U.S. Midwest, as well as economic uncertainty in China and grain shipments from war-torn Ukraine. The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 31-1/4 cents to $13.81 […] Read more
A message from April Stewart, Country Guide's Associate Editor
