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China approves safety of first gene-edited crop
News

China approves safety of first gene-edited crop

China has joined the list of countries to approve gene-editing as a breeding tool

By
Reuters – China has approved the safety of a gene-edited soybean, its first approval of the technology in a crop, as the country increasingly looks to science to boost food production. The soybean, developed by privately owned Shandong Shunfeng Biotechnology Co., has two modified genes, significantly raising the level of oleic acid, a healthy fat,
(Gassen/iStock/Getty Images)
Crops, Markets

Canada will not be intimidated by China retaliation, Trudeau says

China seen as 'more sensitive about food security' now, CAPI says

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Ottawa | Reuters — Prime Minister Justin Trudeau on Tuesday said Canada will not be intimidated by China following tit-for-tat diplomatic expulsions by Ottawa and Beijing. Ottawa expelled Chinese diplomat Zhao Wei on Monday over allegations related to foreign interference, and hours later, China asked a Canadian diplomat in Shanghai to leave by Saturday in
CBOT July 2023 soft red winter wheat with Bollinger bands (20,2), Minneapolis July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Chicago wheat up on Black Sea deal doubts

Cancelled China sales weigh on corn prices

By
Mexico City | Reuters — Chicago wheat hit a one-week high and closed up on Thursday as markets cautiously eye developments on the Black Sea grains corridor following a wave of fresh tensions between Russia and Ukraine. Corn clawed back some ground lost early in the day to close nearly flat after news of cancelled
“Looking forward, that means we’re going to face slower demand for Canadian barley when Australian shipments resume. There’s no question in my mind.” – Peter Watts, Canadian Malting Barley Technical Centre.
Markets, News

Counting the impacts of China-Australia barley deal

As normal trade flows resume, new markets will be needed

By
The coming resumption of China-Australia barley trade will require Canada to seek new markets. Peter Watts, managing director of the Canadian Malting Barley Technical Centre, noted that after China imposed 80.5 per cent tariffs on Australian barley in May 2020, Canada was a clear-cut beneficiary. “Canada saw its biggest barley export program of the past
Little Chinese soybean growth predicted
Markets, News

Little Chinese soybean growth predicted

Flagging prices likely mean acres will not dramatically rise in China

By
Reuters – China’s soybean acreage may only slightly increase this year, an official said April 20, suggesting output is unlikely to match last year’s jump. The world’s top soybean importer launched a major effort to increase production of the pulse in 2022 amid concerns over its heavy reliance on imports. Output increased almost 24 per
Resolving the barley dispute is a starting point. It will also demonstrate that a rules-based
global trading system can influence China’s behaviour.
Comment, Op/Ed

Comment: Australia-China barley solution shows diplomacy does work

Australia’s WTO case has been suspended with the promise of a Chinese tariff review

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The agreement between Australia and China to resolve their barley dispute without World Trade Organization adjudication is evidence that relations have improved. It raises confidence Australia can maintain a constructive relationship with China, even as U.S.-China relations continue to deteriorate. China imposed an 80.5 per cent import tariff on Australian barley in May 2020, on
CBOT July 2023 soft red winter wheat with 50-day moving average, Minneapolis July 2023 hard red spring wheat (yellow line) and K.C. July 2023 hard red winter wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Chicago wheat, corn hit fresh lows

Export competition, China cancellations drag on futures

By
Mexico City | Reuters — Chicago wheat futures fell for a seventh straight session on Thursday and touched a 21-month low on export competition while corn hit a nine-month low, walloped by cancellations of U.S. corn sales to China. The most-active wheat contract on the Chicago Board of Trade (CBOT) dropped 12-3/4 cents to settle
News

Food security drives China to cut soymeal use in animal feed

Latest announcement another notch in reduction strategy, analyst says

By
Reuters – China’s agriculture ministry has issued a three-year action plan to reduce soymeal use in animal feed as it tries to reduce its heavy reliance on soybean imports. The new plan proposes soymeal ratios in animal feed should be reduced to less than 13 per cent by 2025, from 14.5 per cent in 2022. Authorities in
CBOT July 2023 corn with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Corn hits eight-month low

Soybeans, wheat at one-month low

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Chicago | Reuters — Chicago Board of Trade corn futures slumped on Monday to an eight-month low after the government announced that China canceled some purchases of U.S. supplies of the grain. The cancellations, which also weighed on wheat and soybean futures that hit one-month lows on Monday, highlighted concerns about weak demand for U.S.
Pacific Ocean sea surface temperature (SST) anomalies, in degrees Celsius, for the week centred on April 5, 2023. (CPC.ncep.noaa.gov)
Crops, Weather

U.S. forecaster sees 62 per cent chance of El Nino developing during May-July

Argentina, parts of U.S. could benefit; Asian crops may not

By
Reuters — A U.S. weather forecaster on Thursday predicted a 62 per cent chance of the El Niño phenomenon developing in the Northern Hemisphere during May-July, and a strong chance toward end-year, likely compounding risks to crops across the globe. “The coastal warming in the eastern Pacific may foreshadow changes across the Pacific basin. Therefore,

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