China's market regulator has granted conditional approval for global agribusiness Bunge Global's merger with Glencore-backed grain handler Viterra, it said on Monday, clearing the final hurdle for the $34 billion mega-deal announced two years ago.
The Great Plains have long been celebrated for the “amber waves of grain” in the popular hymn “America the Beautiful.” The region’s states produce most of the U.S.-grown crop of hard red winter wheat, favored by bakers for bread. But with prices hovering around $5 (C$6.86) per bushel, U.S. wheat farmers have reached an inflection point, with many forced to either lose money, feed wheat to cattle or kill off the crop.
U.S. and Canadian biofuel companies are throttling back production to limit losses amid uncertainty over U.S. President Donald Trump's approach to green fuel subsidies and the potential for a worsening trade war.
Idemitsu Kosan will begin a trial plantation of the non-edible oilseed tree crop Pongamia in Australia from mid-January to assess its potential as a feedstock for sustainable aviation fuel (SAF), the Japanese crude oil refiner said on Thursday.
Devils Lake, North Dakota | Reuters – U.S. spring wheat crops in northwest and north-central North Dakota are expected to produce the highest yields since at least 1994, the Wheat Quality Council said on an annual tour on Wednesday. Crop scouts estimated the average hard red spring wheat yield at 53.7 bushels per acre, up[...]
Chicago | Reuters -- Chicago soybeans rose for a fourth straight session on Monday, reaching a three-week high as hot, dry U.S. conditions fueled concerns over crop stress. Wheat fell as Ukraine sought new Black Sea avenues for export, adding pressure to corn futures. Markets were awaiting results from the annual Pro Farmer crop tour,[...]
New York | Reuters -- Orange juice prices at the Intercontinental Exchange (ICE) rose more than three per cent on Wednesday, heading back toward an all-time high hit earlier this month, as storm Idalia slammed parts of main U.S. orange producer Florida. Contracts for frozen concentrated orange juice (FCOJ) at ICE hit a high of[...]
Chicago | Reuters -- U.S. corn and soybean futures fell on Friday as recent welcome rains across the Midwest farm belt, and forecasts for more next week, aided crops that had been suffering under an early season drought. Soybeans, which notched a four-month high on Monday, ended down 1.9 per cent for the week, while[...]
Mexico City | Reuters -- Chicago soybean futures settled higher on Tuesday after the U.S. government slashed its estimate for production in Argentina to a 23-year low in a monthly report. Soybean production in Argentina will be smaller than previously thought at 27 million tonnes as a crop-wasting drought decimated fields in the key South[...]
Chicago | Reuters -- Chicago grains see-sawed on Monday, piggybacking on U.S. stocks that were spooked by global economic concerns after the tech-focused lender Silicon Valley Bank collapsed. The most-active corn and soybean contracts closed weaker, while wheat rebounded slightly after finishing last week at a 20-month low. Grains prices gyrated throughout the day as[...]