Australian wheat inventories will likely be much higher than last year at the end of the season, pressuring prices, because of a drop in Chinese imports and competition from ample supplies out of rival exporter Russia, analysts and traders said.
Reuters
Weak Chinese demand leaves Australia with too much wheat
Australian authorities airdrop supplies to farmers stranded by flood crisis
Helicopters were being used on Sunday to drop animal feed to farmers in Australia's New South Wales state stranded by floods that have killed five and isolated tens of thousands in the country's southeast.
EU urges respect not threats as Trump pushes for 50 per cent tariff
The European Commission urged the U.S. on Friday to bring respect, not threats, to trade talks after President Donald Trump pushed for a 50 per cent tariff on EU goods.
U.S. grains: Corn and soy fall on Trump recommendations for EU tariffs
Chicago corn and soy futures eased on Friday ahead of a long weekend in the U.S., after President Donald Trump posted on social media that he recommended a 50 per cent tariff on goods from the European Union.
JBS minority shareholders approve dual US-Brazil listing
Brazilian meatpacker JBS on Friday secured shareholder support to move ahead with a long-planned dual listing of shares in both the United States and Brazil, it said in a securities filing.
Global animal health body says vaccines needed to protect humans, trade from bird flu
Vaccinating more animals against bird flu could help protect public health and keep global trade flowing said the head of the World Organization for Animal Health.
U.S. grains: Chicago wheat futures dip as short-covering rally fades
Chicago wheat futures fell on Thursday as a short-covering rally earlier this week that took prices to a one-month peak petered out, with traders seeing limited threats to Northern Hemisphere crops despite adverse weather concerns.
U.S. livestock: Cattle futures climb ahead of Memorial Day holiday weekend
Chicago Mercantile Exchange live cattle turned higher on Thursday, as traders adjusted their positions ahead of the Memorial Day holiday weekend and wholesale prices continued to rise on consumer beef demand, market analysts said.
EU lawmakers back huge tariffs for Russia, Belarus fertilizer
The European Parliament voted on Thursday to impose prohibitive tariffs on fertilizers and certain farm produce from Russia and its ally Belarus to prevent a potential threat to EU food security and limit Russian funds for its war against Ukraine.
Pigs can’t fly: U.S. high-end livestock breeders lose millions in China tariff fallout
China has been a key importer of American hog and dairy cattle genetics, but shipments have stalled
China is one of the biggest importers of American breeding pigs and other livestock genetic material such as cattle semen. These lucrative niche export markets had been growing, but dried up since U.S. President Donald Trump started a trade war with Beijing.
Cyber-Savvy Farmer
