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Markets

Brazil moves closer to China corn exports as Beijing approves traders

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Beijing/Sao Paulo | Reuters – Chinese customs updated its list of approved Brazilian corn exporters on Wednesday, a move a Brazilian agriculture official said could jumpstart sales of corn to the world’s second-largest economy. The approvals could reshape global trade flows and result in fewer sales for farmers in the United States, the world’s top corn supplier.
Markets, News

Shipping woes to squeeze China’s soybean stocks

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Reuters – China’s soybean stocks are set to tighten further as delays in shipments from the United States deepen shortages of key animal feed ingredient soymeal, keeping prices at record highs. Ships carrying up to three million tonnes of U.S. soybeans, which were scheduled to arrive this month and in November, are likely to be
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China to step up investment in rural infrastructure

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Beijing | Reuters – China will accelerate investment in rural infrastructure to improve its ability to ensure food supply while also stabilizing the economy, according to a plan published by the agriculture ministry on Tuesday. The plan, backed by eight ministries and government agencies, comes amid slowing growth in the world’s second-biggest economy, due to
CME December 2022 live cattle (candlesticks) with Bollinger bands (20,2). (Barchart)
Livestock, Markets

U.S. livestock: Cattle, hog futures rise on cash market strength

November feeder cattle also end higher

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Chicago | Reuters — Chicago Board of Trade hog and cattle futures rose on Wednesday, following gains made in the cash market earlier this week, traders said. CME December lean hog futures gained 0.9 cent to settle at 87.375 cents/lb. (all figures US$). The contract faced technical resistance at the high end of its 20-day
(Qingwa/iStock/Getty Images)
Crops, Markets

CBOT weekly outlook: October USDA report delivers few major changes

Soy could see 'a few more days' higher

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MarketsFarm — For the most part, the latest monthly supply and demand report from the U.S. Department of Agriculture provided little in terms of major changes from its September report. USDA issued its October world agriculture supply and demand estimates (WASDE) during the late morning Wednesday, with much of the data fairly close to market
Employees load soybeans for China at Tiplam terminal in Santos, Brazil, in March 2017.
News

China’s soybean imports from Brazil drop in August

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China’s soybean imports from Brazil plunged in August from a year ago, customs data shows, as high prices capped purchases of the oilseed from the South American nation. Imports from smaller suppliers including Uruguay and the United States both increased. China, the world’s biggest soybean buyer, imported 6.25 million tonnes of the oilseed from Brazil
News

BASF starts production at southern China mega complex

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German chemicals group BASF said Sept. 6 it has started production at a giant complex in southern China’s Zhanjiang. The first plant at the site will produce 60,000 tonnes of engineering plastic compounds a year for the automotive and electronics industries, the company said in a statement. It will be supplied entirely by renewable electricity.
File photo of a rapeseed field in southern China’s Yunnan province. (YuenWu/iStock/Getty Images)
Other

One-third of China’s land protected under ecological ‘red line’ scheme

Authorities crack down on farm encroachment

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Shanghai | Reuters — Nearly a third of China’s land is now off-limits to development under a scheme known as the “ecological protection red line,” a senior official said at a news briefing on Monday, bringing the country in accord with global biodiversity targets. China first proposed its “red line” scheme in 2011 to put
CBOT December 2022 soft red winter wheat (candlesticks) with 20-day moving average (green line), MGEX December 2022 spring wheat (yellow line) and K.C. December 2022 hard red wheat (orange line). (Barchart)
Crops, Markets

U.S. grains: Wheat falls on Russian production outlook

Exports underpin U.S. soybeans

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Chicago | Reuters — Chicago wheat fell on Monday on an expected increase in Russia’s crop that will compete with U.S. exports, already hampered by a strong U.S. dollar, traders said. Soybeans were underpinned by Chinese export demand, while corn ended up slightly after two-sided trade on broader economic uncertainty. Chicago Board of Trade most
A farmer harvests corn in Hebei province, China, in 2015.
Markets, News

China to speed up research into more resilient crops

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China’s agriculture ministry is calling for more urgent research into new crop varieties that can tolerate alkaline soil and shorter growing seasons, as it seeks to ensure food security amid a changing climate. The Ministry of Agriculture and Rural Affairs said it has issued a notice urging faster research and demonstration of new varieties including

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