Reading Time: 3 minutes Reuters - The Biden administration said on Friday it will recognize a methodology favored by the ethanol industry in guidance to companies looking to claim tax credits for sustainable aviation fuel (SAF), a pivotal win for the politically powerful U.S. corn lobby.
Biden backs ethanol industry on low-emission aviation fuel tax credits
Aviation is seen as one of the few routes to increase ethanol demand amid rising electric vehicle sales
US-UAE climate-friendly farming effort grows to $17 billion
COP28 has elevated agriculture, U.S. govt's Vilsak says
Reading Time: 2 minutes Funding for a joint effort by the United States and United Arab Emirates to advance climate-friendly farming around the world has grown to more than $17 billion, the countries announced on Friday at the COP28 climate summit in Dubai.
CUSMA panel rejects U.S. complaint on access to Canada dairy market
Canada 'very pleased' with dispute settlement panel findings
Reading Time: 2 minutes Ottawa | Reuters — A trade dispute settlement panel set up under a major North American free trade agreement has rejected a U.S. complaint that Canada is improperly limiting access to its dairy market, an official report showed on Friday. The United States had accused Canada of not meeting obligations under the 2020 Canada-U.S.-Mexico Agreement […] Read more
IGC raises world crop projections
If realized, the world wheat crop will the second largest on record
Reading Time: < 1 minute Projected worldwide wheat, corn and soybean production in 2023/24 was raised by the International Grains Council in its latest update, with better-than-expected corn yields in the United States and larger Black Sea wheat crops behind the adjustment.
More acres expected for soybeans, canola, Rabobank says
RaboResearch arm sees Canada's exporters 'struggling' with margins
Reading Time: 2 minutes MarketsFarm — Farmers in the U.S. will seed more soybeans in 2024-25, with Canadian canola plantings also expected to rise to a lesser extent, according to a grains and oilseeds analyst with RaboResearch Food and AgriBusiness, a division of the Dutch multinational bank Rabobank at the firm’s Fall Harvest Outlook webinar. During the Wednesday webinar, […] Read more
CBOT weekly outlook: Funds getting out of soybeans
Potential for U.S. government shutdown a concern
Reading Time: 2 minutes MarketsFarm — While corn and wheat prices on the Chicago Board of Trade (CBOT) stayed fairly steady during the week ended Wednesday, soybean prices steadily declined. The November soybean contract dropped 30 cents per bushel from one week ago to close Wednesday at $13.1975/bu. (all figures US$). During the same week, December corn only lost […] Read more
‘Shocking’ farm videos barred at egg-price antitrust trial in Chicago
Food firms sought to show animal care claims not genuine
Reading Time: 2 minutes Reuters — A U.S. judge has barred Kraft, Kellogg and other major food producers from showing what the court called “shocking” and “heart-wrenching” videos of conditions inside certain hen houses at an upcoming antitrust trial against egg producers and marketers. In a ruling on Tuesday, U.S. District Judge Steven Seeger in Chicago said the risk […] Read more
USDA adjusts soy, corn outlooks in September report
U.S. wheat usage, carryout estimates shift
Reading Time: 2 minutes MarketsFarm — The U.S. Department of Agriculture made a number of slight changes to its forecast on soybeans and corn for 2023-24, while keeping its domestic wheat numbers from August. USDA on Tuesday issued its monthly world agricultural supply and demand estimates, adjusting its forecast on this year’s soybean yields at 50.1 bushels per acre, […] Read more
U.S. food companies go deal hunting as pandemic growth fades
Twinkies maker Hostess exploring a sale
Reading Time: 2 minutes Reuters — U.S. packaged food companies are set for a flurry of deals in a push to revamp their brand portfolios as their pandemic-era fortunes fade and benefits of price hikes start to taper off. Last month, Campbell Soup struck a $2.7 billion deal for Rao’s sauce maker Sovos Brands (all figures US$). Unilever bought […] Read more
Canada says will join as third party in U.S.-Mexico corn dispute
Mexico's measures 'not scientifically supported,' ministers say
Reading Time: < 1 minute Reuters — Canada said Friday it will participate as a third party in dispute settlement proceedings between the U.S. and Mexico regarding genetically modified (GM) corn in imported tortillas and dough, citing concerns about Mexico’s stance on the matter. The decision follows Washington’s request for a dispute settlement panel through the Canada-U.S.-Mexico Agreement (CUSMA), which […] Read more
A message from April Stewart, Country Guide's Associate Editor
