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Crops

China to plant more soy, speed up GMOs to ensure food supply

Beijing reiterates goals to increase soy acres, intercrop with corn

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Beijing | Reuters — China will increase its efforts to boost output of soybeans and edible oils, state media reported on Monday, citing a key rural policy document, as it continues to push for greater self-sufficiency in its key food supplies. The world’s top soybean buyer is trying to lower its heavy reliance on imports
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soy futures fall on technical selling

Corn edges higher; wheat weak

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Chicago | Reuters — U.S. soybean futures dropped on Monday on a technical setback after rallying to the high end of recent trading ranges last week, traders said. Corn ended higher after trading in negative territory for much of the day, with the market finding support near Friday’s low. Investors were waiting for news about
Wheat being loaded onto a cargo ship in Vancouver in 2011. (File photo: Reuters/Ben Nelms)
Crops, Markets

China top destination for Canadian grains, oilseeds

CGC data points to key destinations

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MarketsFarm — China is the top destination for Canadian grain and oilseed exports through the first five months of the 2022-23 marketing year, accounting for roughly a third of the total movement, according to the latest monthly report from the Canadian Grain Commission. Canada has exported 6.566 million tonnes of grains, oilseeds, and pulses to
Brazilian meatpacker JBS SA’s logo on a tower in Jundiai, northwest of Sao Paulo in southeastern Brazil, on June 1, 2017. (File photo: Reuters/Paulo Whitaker)
Beef cattle, Livestock, Markets

Beef consumption to rise in China, JBS predicts

China seen as more competitive in domestic chicken, pork markets

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Sao Paulo | Reuters — Demand for beef in China is expected to rise as the country still has relatively low per capita consumption, Gilberto Tomazoni, chief executive of JBS SA, said on Wednesday during a business conference. He said Brazil and the U.S., where JBS has meat facilities, are well positioned to meet China’s
Raw pork in an iron basket
News

China pork output hits highest in eight years

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Reuters – China’s pork output in 2022 increased 4.6 per cent from 2021 to reach its highest since 2014, official data showed Jan. 17. The data confounded some expectations for a smaller rise. Pork output in the world’s top producer of the meat reached 55.41 million tonnes, the highest since eight years ago, when 56.71
Editorial, Op/Ed

Editor’s Take: Apocalypse soon-ish?

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It’s the job of the commentator to be a bit provocative and to make people think. Geopolitical economist Peter Zeihan, who gave a keynote address at last week’s Ag Days, certainly accomplished that. Pulling many threads together, from the war in Ukraine and Russia’s historic borders, past the sclerotic regime in Beijing incapable of adapting,
Markets, News

China approves GM imports after decade of deliberation

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Reuters – China has approved the import of eight genetically modified crops, including GMO alfalfa for the first time. Global seed companies have long complained about China’s slow approval process for GM crops, which slows commercialization of the products globally if they are not approved by one of the world’s biggest agriculture markets. Beijing has
CBOT March 2023 soybeans with Bollinger bands (20,2). (Barchart)
Crops, Markets, Weather

U.S. grains: Soy, corn slide on forecasts for much-needed Argentine rains

New survey calls for expanded U.S. wheat acres

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Chicago | Reuters — U.S. soybean futures fell on Thursday, retreating from seven-month highs set a day earlier as forecasts for beneficial rains in drought-hit Argentina sparked a round of selling, analysts said. Corn futures also declined on the outlook for Argentine weather along with wheat futures. Chicago Board of Trade March soybeans settled down
CBOT March 2023 soybeans with 20-, 50- and 100-day moving averages. (Barchart)
Crops, Markets

U.S. grains: Soybeans, corn retreat off multi-month highs

Putin's comments on exports underpin wheat

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Chicago | Reuters — U.S. corn and soybean futures settled lower on Wednesday as traders booked profits after both markets set multi-month highs and as weather forecasts promised much-needed rains in Argentina’s crop belt, traders said. Wheat followed the weaker trend. Chicago Board of Trade March soybeans settled down 15-1/4 cents at $15.24-1/2 per bushel,
News

China to stop testing chilled, frozen foods for COVID

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Reuters — China’s meat trade is celebrating the end of testing and disinfecting chilled and frozen foods for COVID-19, more than two years after Beijing started the controversial practice, adding substantial costs. The State Administration for Market Regulation ceased testing chilled and frozen foods for COVID-19 from Jan. 8. It will also no longer require

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