Reading Time: 2 minutes Chicago | Reuters — Seeds and pesticides company Corteva will eliminate U.S. jobs next year, as its exit from Russia reduces demand for its commercial sunflower seeds produced in California, the company said on Monday. Corteva will cut 51 positions from a Woodland, California facility, run by its Pioneer Hi-Bred International subsidiary, that supplied Europe […] Read more
Corteva cuts U.S. jobs while exiting Russia
California plant produces seed for sunflower growers
U.S. grains: Corn dips but still posts monthly gain
CBOT soy lower, wheat up
Reading Time: 2 minutes Chicago | Reuters — U.S. corn futures declined for a second session on Wednesday on profit-taking at the end of the month and mounting recession worries, but the market nonetheless gained eight per cent during August due to eroding U.S. and European crop prospects. Soybean futures ended lower after a back-and-forth session. But wheat turned […] Read more
Putin ally warns agriculture supplies could be limited to ‘friends’
Reading Time: < 1 minute Reuters — One of Russian President Vladimir Putin’s allies warned on Friday that Russia, a major global wheat exporter, could limit supplies of agriculture products to “friendly” countries only, amid Western sanctions imposed on Moscow over the Ukraine crisis. Dmitry Medvedev, who served as president from 2008 to 2012 and is now deputy secretary of […] Read more
EU offers farmers aid, more land to grow due to Ukraine war
Reading Time: 2 minutes Brussels | Reuters — The European Union will distribute 500 million euros (C$692 million) to help farmers and allow them to grow crops on fallow land to mitigate food price spikes and potential shortages resulting from Russia’s war in Ukraine. Published on Wednesday, the proposals by the EU’s executive European Commission also include assistance to […] Read more
Grain exporters tap EU supplies as war shuts Ukraine ports
Reading Time: 2 minutes Hamburg/Paris | Reuters — Grain exporters are looking for alternative sources of wheat and corn as a Russian invasion cuts off Ukrainian supplies, with European Union producers Romania and France being used to cover some nearby loadings, traders said Friday. The conflict has rattled grain markets, with European wheat futures surging to a record high […] Read more
Highs may be in on flax as attention turns to new crop
Reading Time: 2 minutes MarketsFarm — The highs may be in for flaxseed bids in Western Canada, with end-users covered for the time being as attention turns to the 2022 crop. “(Canadian flax) is expensive relative to other markets,” said analyst Marlene Boersch of Mercantile Consulting, speaking via Zoom in Winnipeg on Tuesday to the annual Crop Production Week […] Read more
U.S. to lift restrictions Nov. 8 for vaccinated foreign travelers
Reading Time: 4 minutes Washington | Reuters — The White House on Friday will lift COVID-19 travel restrictions for fully vaccinated international visitors starting Nov. 8, ending historic restrictions that had barred much of the world from entering the U.S. for as long as 21 months. The unprecedented travel restrictions kept millions of visitors out of the U.S. from […] Read more
CNH to temporarily shut several plants in Europe
Eight-day shutdown due to supply disruptions
Reading Time: < 1 minute Reuters — Italian-American vehicle maker CNH Industrial said Wednesday it will temporarily shut several of its European agricultural, commercial vehicle and powertrain manufacturing facilities due to the disruptions of procurement of components, including semiconductors. The maker of farm machinery, Iveco commercial vehicles, construction equipment and powertrains plans to shut the concerned plants for eight working […] Read more
ICE weekly outlook: Canola feeling the energy
Canola riding on fuels' bullish momentum
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved steadily higher over the week ended Wednesday, hitting the top-end of a three month trading range. While tight Canadian supplies due to a Prairie drought have underpinned the market for some time, the latest strength and any future direction may be more closely tied to movement in energy […] Read more
Norway’s Yara curtails European ammonia output
Surge in price of natural gas cited
Reading Time: < 1 minute Oslo | Reuters — Norway’s Yara is curtailing ammonia production at a number of plants due to a surge in the price of natural gas, the fertilizer maker said Friday. “Record high natural gas prices in Europe are impacting ammonia production margins,” Yara said in a statement. “Including optimization of ongoing maintenance, Yara will by […] Read more
A message from April Stewart, Country Guide's Associate Editor
