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agro International news
1. Soybeans, Grains Lower On Weather, Mexico Threat Soybeans and grains were lower overnight on signs of favorable weather in competing exporting country and amid threats from a Mexican lawmaker who proposed a ban on U.S. corn imports. Rains in parts of Argentina and will likely will boost crop production in the country, forecasters have […]
When a 160-acre parcel of farmland in southern Minnesota came up for sale, many wrote the irregular-shape field off as not worthy of a second glance. “Most farmers said they didn’t want to deal with it because there would be too much waste, and they would just be throwing money away,” recalls Cory Sumerfelt, who […]
U.S. farmers are taking advantage of a surge in soybean prices and have sold ahead up to half what they expect to harvest this year, as huge global supplies and a record South American crop coming earlier than usual bode ill for later sales. Chicago Board of Trade November futures, which reflect the 2017 harvest, […]
Three industry groups representing U.S. grain and ethanol producers urged the White House and U.S. trade officials this week to prioritize industry complaints against China over import duties on U.S. ethanol and distiller’s dried grains (DDGS) animal feed. China last month increased punitive tariffs on imports of U.S. DDGS and ethanol, leading to the cancellation […]
The Republic of Ireland has described the economic diversification programme of the Federal Government as a concrete step to pull the country out of recession, calling for stronger ties to enable Nigeria benefit from the Irish experience. Irish Ambassador to Nigeria, Sean Hoy, while on a courtesy visit to the Minister of Labour and Employment, […]
Rains have delayed soybean harvesting in Mato Grosso, Brazil’s top grain-producing state, for the second week in a row, reducing deliveries to traders who had contracted for larger volumes. Soy collection in Mato Grosso reached 16.3% of total planted area by Friday, farmers’ statistics body Imea said, well below expectations considering early planting in September […]
Can you tell the difference between soybeans and sweet potatoes from 100 feet in the air? Could you handle the controls of an airplane flying 150 mph? Could you keep that airplane 10 feet off the ground, apply an agriculture product to the right field, keep the product on target, and avoid hazards in and […]
Beans end the week on a rather boring note as the Chinese were absent due to their New Year’s holiday, and fresh news to trade was lacking. For the week, the front month March contract lost 18¼ cents. The market was under pressure most of the session on ideas that South American weather is improving […]
China’s plan to get rid of its massive corn stockpile by using it as raw material for its fledgling biogradeable plastics industry could be a game changer for Changchun Shengda Biomaterial and other private factories in China’s corn belt. After buying corn for years to support farmers, Beijing must find a way to work off […]
10% Of Argentina’s Soybean Crop Is Damaged, Some farmers face total crop losses. Fires and floods at the same time. That is what Argentina has faced in the last several weeks in different regions of the country, and that may push some grains higher, especially soybeans. The fires were generated in the southwest parts of […]
It’s the subject of conversation at the American Farm Bureau Federation convention that’s wrapping up today in Phoenix and in the halls of the U.S. Senate. Even at National Farmers Union, a farm group with members who often vote for Democrats, there’s disappointment. The unanswered question: Who will be President-elect Donald Trump’s choice for secretary […]
Soybean prices soared Tuesday while corn and wheat gained on dry South American weather and short covering following losses last week, according to analysts. Meanwhile, USDA reported a double-digit jump in yearly exports across the board. January soybeans soared 25 ¾ cents at $10.14 ¾ after dropping below $10 last week. March corn jumped 9 […]
President-elect Donald Trump and his team have created a new office in his administration to focus on the industrial sector. The newly created ‘White House National Trade Council’ will be responsible for policies to promote domestic manufacturing. The head of the office is Peter Navarro, a critic of China’s trade policies. In one book he […]
Agriculture secretary is a “very big deal” for President-elect Donald Trump, and, as with other cabinet positions, he wants to make sure he is “getting the right person” for USDA, says spokesperson Jason Miller. Agriculture is the last cabinet position other than Veterans Affairs that Trump hasn’t filled. Tom Vilsack was announced as President Obama’s […]
A strong start to the wheat complex this week quickly ran out of steam, and markets weakened into the end of the week. A sharply higher dollar, Southern Hemisphere harvest, bitter cold in the U.S., and record ethanol profits supporting corn are combining to keep wheat prices moving in a choppy, uncertain direction. Demand has […]