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Negotiators from Canada and the United States went down to the wire but were able to reach an agreement on a new free trade pact that will include Mexico, the governments announced late Sunday night. The United States-Mexico-Canada Agreement (USMCA) updates and replaces the nearly 25-year-old North American Free Trade Agreement (NAFTA), which President Donald […]
The world’s largest sugar exporting nations are calling on their governments and the World Trade Organisation to step in and wind back India’s plan to kickstart exports to bolster its ailing domestic industry. Last week India announced a $1 billion scheme, in addition to a round of domestic industry assistance announced earlier this year, which […]
It’s possible that Chinese soybean buyers could still be getting American soybeans by purchasing their beans from Argentina. Export reports show that Argentina is buying soybeans from the U.S. and exporting its own production to China. However, a grain market expert says that’s not likely because a drought left Argentina grain stocks in short supply. […]
GRAIN millers have expressed fears that the El Nino effect projected to affect the country in the coming summer cropping season will have adverse effects on grain production and possible affect stocks. Grain Millers Association of Zimbabwe (GMAZ) chairperson, Mr Tafadzwa Musarara, said this while addressing journalists in Bulawayo last Thursday. He said the milling […]
Indonesian Ambassador in Pakistan Iwan Suyudhie Amri said on Thursday that an agreement would soon be signed to export one million tonnes of rice from Pakistan to Indonesia by 2019. He said work was underway to devise a mutually acceptable mechanism. Addressing the members of Multan Chamber of Commerce and Industry (MCCI), he invited the […]
Corn, soybean and wheat futures in the United States are awaiting the latest U.S. Department of Agriculture (USDA) reports, but traders aren’t expecting the reports to much of an effect on prices. The USDA releases its quarterly grain stocks and small grains summary reports on Friday, Sep. 28. “It basically wraps up the 2017-18 crop […]
Like many farmers in Maringa, a municipality in southern Brazil, Manoel Marques has decided to expand his soybean planting from 6,800 to 7,100 hectares for the 2018-2019 season, as China is increasing its soybean imports from the Southern American country. About 8,500 km to the north, however, American farmer Don Lutz of Scandinavia, a town […]
Indonesian palm oil production is expected to hit 40 million tonnes in 2018, up from an earlier forecast of 38.5 million tonnes, industry analyst Dorab Mistry said on Friday. “The expansion of palm plantings in Indonesia has been much higher than expected,” said Mistry, according to a copy of his presentation at the Globoil industry […]
On September 20, at the start of a new oilseed season, major oilseed sector representatives already traditionally gathered in Kyiv, at Hilton Hotel, to participate in the VI International Conference “Black Sea Oil Trade-2018” organized by UkrAgroConsult. The general sponsor of the conference was the US company ST Equipment & Technology. Global transformations are underway […]
Feedlot operators have had a very strenuous spring and summer. Margins have been hovering in negative territory while feed barley prices have been percolating higher. Feeder cattle prices are actually higher than year-ago levels despite the strong feed grain prices and a year-over-year increase in the U.S. calf crop. The Canadian dollar has been trading […]
Brazil, the world’s No 1 soy exporter, is expected to import around 1 million tonnes of the oilseed in coming months from its largest global competitor, the United States, as local supplies dwindle, according to Sao Paulo-based grain trader Agribrasil. It would be the first time that the South American nation, an agricultural powerhouse, needs […]
As of September 25, 73.9 thousand tons of grain, 116.9 thousand tons of potatoes and 61.6 thousand tons of vegetables have been harvested in Mongolia. Grain harvesting is running at 15.1 percent, whilst harvesting for vegetables and potatoes is at 66.2-68.9 percent nationwide, Montsame reports. During the spring sowing 2018, 497.2 thousand hectares of areas […]
US rail transportation of grain products for the week ended September 22 totaled 23,297 cars, up 18.8% from the year-ago week, Association of American Railroads data showed Wednesday. Rail transportation of chemical products rose 3.6% year on year to 31,741 cars, the data showed. AAR designates fuel-grade ethanol as a chemical product. Cumulatively, grain product […]
An environmental organisation has welcomed Indonesia’s three year moratorium on new palm oil developments but says more needs to be done, with many already in operation in places like Papua province. Mighty Earth’s director for South East Asia Phil Aikman said while the presidential instruction carried some weight it was not legally binding and only […]
Depressed prices, higher production costs, contraband and increased competition for land from other more profitable crops has contributed to a decline in corn production in Guatemala, according to a Global Agricultural Information Network (GAIN) report from the Foreign Agricultural Service of the U.S. Department of Agriculture. The USDA also noted in its report that Guatemala […]